News

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged a $6,400,000 loan for the refinancing of Rancho Coronado Condominiums, a multifamily property located at 740-798...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Lakes Apartments, a 265-unit multifamily property in Bellevue, Washington. The sale was brokered by IPA’s Giovanni Napoli, Philip Assouad,...

The May producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices fell 0.1 percent month-over-month, seasonally adjusted. The index of components and materials for construction was...

JLL Capital Markets announced that it closed on the sale of The Shay, a 245-unit, best-in-class multihousing community located in the highly sought-after Shaw neighborhood of Washington, D.C. JLL represented the seller in the transaction. Built...

JLL Capital Markets announced that it has arranged the acquisition financing for 303 Flats, a Class A, 138-unit / 431-bed, mid-rise student housing community located at the University of Tennessee in Knoxville. JLL represented the...

The Mogharebi Group (TMG) has arranged the $25.2 million sale of Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the Central Valley city of Modesto, CA. Executive Vice President Otto Ozen and...

JLL Capital Markets announced that Bill Baumann has joined the firm’s multihousing team as a Managing Director in the Chicago office. He will report to Senior Managing Directors Danny Kaufman and Jaime Fink, who co-lead...

Trepp reported that both delinquency rates and special servicing rates for multifamily CMBS loans declined slightly in May. Delinquency rates and special servicing rates for the overall CMBS market rose driven by problems with...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 27-unit apartment portfolio located in North Miami Beach, Florida. The assets sold for $4,850,000.  “The sale...

JLL Capital Markets announced that it has secured construction financing for The Hunter, a 214-unit, Class A multihousing project located in Colorado Springs’ New South End neighborhood, one of the area’s fastest growing submarkets. JLL...

Avison Young Capital Markets lead Principals Jay Maddox and Peter Sherman and Miami-based Principal George Vail have arranged the $37.5 million refinancing of Azul Baldwin Park on behalf of the owner, Beverly Hills, Calif.-based...

Cushman & Wakefield announced that the commercial real estate services firm arranged the sale of Lively Victor Park, a 318-unit multifamily community located in Greer, South Carolina. Cushman & Wakefield’s John Phoenix, Louis Smart, and...

Yardi Matrix reported national average apartment rent growth of $7 in May, bringing rents to $1,716 per month. The increase is up by $2 from last month’s reported value. Year-over-year rent growth rates down again The...

JLL’s Capital Markets group announced that it has secured the $262 million construction financing for E11EVEN Residences Beyond, a 65-story condominium development in Miami, Florida. The project will include over 550 luxury condominium units, 13,861...

JLL’s Capital Markets group announced that it has secured the $520 million capitalization for the development of Sackett Place and Society Brooklyn, an under-construction, two-tower, 21-story luxury waterfront mixed-use community with 517 multihousing units...