Evergreen Real Estate Group adds Vice President of Public Partnerships
Evergreen Real Estate Group, a leader in the development, construction and management of both affordable and market-rate multifamily properties, including communities for seniors and families, announced Jewell Walton has joined the company in the...
The Mogharebi Group secures sale of 180-unit apartment community in Ralston, NE.
The Mogharebi Group (TMG) has advised a Colorado-based private investment group on its sale of Fireside Village, a 180-unit multifamily community in Omaha, Nebraska to ARTISAN Capital Group. The multifamily transaction, one of the largest...
Single-family starts decline in June but permits post solid gain
Single-family production fell back after four straight monthly gains as elevated construction costs and rising mortgage rates led to a reduction in home building activity and affordability conditions worsened for home buyers. Overall housing starts...
FCP announces $33.25 million acquisition of 404-unit, Water’s Edge Apartments in Jacksonville, Florida
FCP announces the $33.25 million acquisition of Water’s Edge Apartments at 800 Broward Road in Jacksonville, Florida through a joint venture with Springer Capital. The 404-unit apartment community was built in 1974 and consists of...
$52 million construction loan arranged for multihousing development in Mesa, Arizona
JLL Capital Markets announced today that it has arranged $52 million in construction financing for Dobson Station, a 245-unit multihousing development set to deliver in 2024 in Mesa, Arizona. JLL worked on behalf of the borrower,...
Apartment market continues to loosen
Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for July 2023, as the Market Tightness (26), Sales Volume (40), Equity Financing (22) and...
Institutional Property Advisors brokers Central Connecticut multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Place at Catherine’s Way, a 303-unit multifamily asset in Manchester, Connecticut. “The property is a 100 percent market-rate, garden-style asset...
DB Capital recapitalizes Provo, Utah apartment community with Institutional Capital Partner
DB Capital Management (DB Capital) has closed on the recapitalization of Ascent at Union Square in Provo, Utah, a 139-unit garden style community acquired by the Denver-based multifamily investment firm in December 2020. Over the...
Builder confidence edges higher despite rising rate concerns
Low existing inventory that is keeping demand solid for new homes helped to push builder confidence up in July even as the industry continues to grapple with rising mortgage rates, elevated construction costs and...
CBRE arranges sale of 12-unit multifamily community in Anaheim, Calif., for $4.25 million
CBRE arranged the sale of a 12-unit multifamily property in Anaheim, Calif., to a private investor in a 1031 exchange. The sale price was $4.25 million, representing $354,166 per unit and $324 per square foot. CBRE’s Executive...
Berkadia arranges $47 million construction loan for apartment community in North Carolina’s Southwest Cumberland...
Berkadia has arranged senior construction financing for The One at Hope Mills, a 360-unit garden-style multifamily development in the rapidly expanding Fayetteville, North Carolina market. Senior Managing Director Mitch Sinberg and Managing Directors Brad Williamson,...
Marcus & Millichap brokers the $9 million sale of a South Florida multifamily property
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Venetian Isles, an eight-unit multifamily property located in Lighthouse Point, Florida....
$11.75 million financing secured for an affordable multihousing community in L.A.
JLL Capital Markets announced that it has secured $11.75 million in forward permanent financing for Third Thyme, a 104-unit, affordable multihousing community in Los Angeles, California. JLL worked on behalf of the borrower, West Hollywood...
Newmark arranges sale and financing of 612-unit asset in San Antonio, Texas
Newmark announces it has arranged the sale and financing of Signature Ridge, a 612-unit multifamily asset in San Antonio, Texas, adjacent to the South Texas Medical Center. Newmark Vice Chairman Patton Jones, Executive Managing Director Matt Michelson and Managing...
Marcus & Millichap closes $53.4 million three-property Inland Empire multifamily sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a three-property multifamily portfolio in the Inland Empire region of Southern...
