Tag: News
$82.5 million sale of New Jersey multihousing community
JLL Capital Markets announced that it has closed the $82.5 million sale of The Mark Parsippany, a 212-unit, four-story, Class A, luxury apartment community...
Stepp Commercial completes $5.5 million sale of 11-unit apartment asset in Santa Monica, California
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.5 million sale of an 11-unit apartment property located...
Parkview Financial originates $19 million construction loan for 134-unit multifamily project with a ground...
Parkview Financial announced it has provided a $19 million leasehold construction loan to Ethos Development to build a seven-story, 134-unit multifamily project located at...
Mixed-use Lenox Hill portfolio sells for $33.75 million
JLL Capital Markets announced that it has closed the $33.75 million trade of a three-building, mixed-use multihousing and commercial portfolio in Manhattan’s Lenox Hill...
Sale of multihousing community in Northern Virginia closes
JLL Capital Markets announced that it has closed the sale of Bell Fair Oaks, a 246-unit, value-add multihousing community in Fairfax, Virginia. JLL marketed the...
Mesa West Capital funds $108 million loan for acquisition of Phoenix, Arizona multifamily development
Mesa West Capital has provided KB Investment and Development Company with $108 million in first mortgage debt for its acquisition a 328-unit multifamily property...
$94.3 million financing arranged for San Francisco-area multihousing development
JLL Capital Markets announced that it has arranged $94.3 million in construction financing for a 189-unit, four-story, Class A multihousing development located in downtown...
Berkadia secures $16.39 million in equity for encore enterprises to develop Orlando apartments
Berkadia announces it has sourced a capital partner for Dallas-based Encore Multifamily, a division of Encore Enterprises, to develop its second apartment community in...
Higher interest rates begin to impact multifamily
Apartment sales volume fell while both equity and debt financing became more costly, according to the National Multifamily Housing Council’s Quarterly Survey of Apartment...
Cushman & Wakefield arranges $91 million sale of The Monroe
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Monroe, a 217-unit multifamily property in the Brookwood...
Berkadia arranges sale of luxury apartment community in Houston, Texas
Berkadia announces it has arranged the sale of Westchase Forest, a 400-unit luxury apartment community in Houston, Texas. Managing Directors Chris Young and Joey...
DB Capital acquires 228-unit apartment community in San Antonio
Multifamily investment firm DB Capital Management (DB Capital) has partnered with Sabal Financial Group to acquire Villas of Henderson Pass, a 228-unit multifamily community...
Financing secured for Massachusetts multihousing development
JLL Capital Markets announced that it has arranged the construction financing for Center & Stone, a 201-unit, two-building multihousing project with 9,500 square feet...
Cushman & Wakefield arranges $42 million sale of Highland Lakes
Cushman & Wakefield announced that the commercial real estate services firm has arranged the $42 million sale of Highland Lakes, a 224-unit multifamily property located...
Institutional Property Advisors brokers Mosaic Dallas sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Mosaic Dallas, a two-tower multifamily high-rise with 440 apartments and...
