Tag: News
Builder confidence declines for 11 consecutive months as housing weakness continues
Elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines continue to drag down...
Haven Realty Capital, J.P. Morgan launch $415 million joint venture
Haven Realty Capital (Haven) and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more...
WinnCompanies acquires 76 affordable housing units in Passaic, New Jersey
WinnCompanies, an award-winning national developer and manager of apartment communities, announced it has acquired Chestnut Homes, a 76-unit affordable housing community within walking distance...
Sale of multihousing community in suburban San Diego closes
JLL Capital Markets announced that it has closed the sale and acquisition financing of Veranda La Mesa, a 406-unit, garden-style apartment community located in...
Institutional Property Advisors brokers $91 million multifamily asset sale North Central Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Trailside at Hermosa Pointe, a 336-unit multifamily asset in Phoenix,...
Avanath Capital Management acquires Ascent, a 168-unit multifamily community in Denver, Colorado for $58.1...
Avanath Capital Management, LLC, a private real estate investment manager, announces it has acquired Ascent, a 168-unit multifamily apartment community for $58.1 million. The...
Interra Realty brokers $10.3 million sale of Vintage Evanston, Ill. apartment building
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of a 43-unit multifamily property in Evanston, Ill. The...
Housing affordability falls to more than 10-year low as rising interest rates take a...
Housing affordability fell to its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012...
Veleta Capital Partners provides $18 million in financing for acquisition of Dallas apartment complex
Veleta Capital Partners (VCP), a Los Angeles-based institutional quality small balance bridge platform, has provided $18 million in senior secured, floating-rate bridge financing for...
$34.7 million financing arranged for Tacoma multihousing development
JLL Capital Markets announced that it has arranged the $34.8 million construction financing for Cornus House, a 199-unit, mid-rise multihousing development located in downtown...
$26.3 million financing secured for New Jersey multihousing project
JLL Capital Markets announced that it has arranged $26.3 million in construction financing for The Somerset at Montgomery, a luxury, 115-unit multihousing development in...
Marcus & Millichap brokers Dallas multifamily asset sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Mountain...
ESG hits U.S. legal speedbumps
ESG (environmental, social, governance) is now a significant part of the U.S. rental landscape in the form of lending programs, energy efficiency certifications and...
Berkadia arranges $93.6 million loan for Palm Beach County apartment communities
Berkadia announces it has secured a $93.6 million loan to refinance two multifamily communities located in Palm Beach County: Advenir at Banyan Lake and...
Excelsa Properties acquires $78 million multifamily community in Columbia, Maryland
Excelsa Properties has closed on the $78 million purchase of a 325-unit multifamily property located at 5764 Stevens Forest Road in Downtown Columbia, Maryland....
