Tag: News
More than 600 builders urge Congress to take action to ease the housing affordability...
More than 600 builders from across the nation trekked to Capitol Hill for the National Association of Home Builders (NAHB) 2022 Legislative Conference to...
The Dermot Company purchases The Addison in Downtown Brooklyn
JLL Capital Markets has closed the sale of The Addison, a two-building, 271-unit luxury apartment rental property with three ground-floor retail spaces located at...
NAHB urges Congress to take steps to get more women in the workforce
To get more women working in the residential construction sector and overall workforce, lawmakers must pursue flexible, targeted and incentive-based strategies to tackle the...
Weakening builder confidence points to economic troubles ahead
Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder sentiment. In a troubling sign...
Cushman & Wakefield arranges sale of Hilltop Apartments at Daytona
Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Hilltop Apartments at Daytona, a 128-unit apartment community located...
ZMR Capital enters Las Vegas market with $38.5 million acquisition of multifamily community
ZMR Capital has acquired Sunridge, a 216-unit multifamily community in Las Vegas, for $38.5 million, marking the Florida-based multifamily investment firm’s entry into the...
Avanath Capital Management expands Southern California footprint with acquisition of a 44-unit family-oriented multifamily...
Avanath Capital Management, LLC, a multifamily owner and operator that focuses on market rate and affordable housing, announces its recent acquisition of Yorba Linda...
Ginnie Mae MBS portfolio growth surpasses $2.2 trillion
Ginnie Mae guaranteed more than $49 billion in mortgage-backed securities (MBS) in May 2022, helping support affordable homeownership and rental unit development for more...
IMG announces South Carolina portfolio expansion
Investors Management Group, Inc. (IMG) has expanded its South Carolina multifamily portfolio with the acquisition of The Whitley Apartments in the city of Central....
Portland smart-home startup IOTAS sells to security giant ADT
Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings. IOTAS’ technology enables renters to control lights, thermostats,...
Interra Realty brokers $28 million multifamily sale on Chicago’s North Side
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $28 million off-market sale of 944-54 W. Grace St., an...
Tower 16 Capital Partners announces the sale of Loramont on Thomas Apartments in Phoenix,...
Tower 16 Capital Partners has sold Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, Arizona for $32.1 million. The property was purchased...
RXR secures $105 million from Rialto Capital Management to refinance Westchester apartment building
JLL Capital Markets announced that it has arranged $105 million in refinancing for RXR Realty’s 360 Huguenot, a 280-unit high-rise apartment building with ground-floor...
FCP and VaultCap Partners acquire Huntington Meadows Apartments in Austin, Texas
FCP and VaultCap Partners (VaultCap) announce the acquisition of Huntington Meadows apartments, a 200-unit multifamily property at 7000 Decker Lane in Austin, Texas. Huntington...
Institutional Property Advisors brokers multifamily asset sale in Mesa
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Talise, a 388-unit multifamily property in Mesa, Arizona. The asset...
