Tag: News
Institutional Property Advisors closes $102.5 million Greater Phoenix multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Aventura, a 408-unit multifamily asset in Avondale, Arizona. The property...
Standard Communities acquires Canton Estates Apartments in Massachusetts
Standard Communities, a major national affordable housing investor and developer, has acquired Canton Estates Apartments, a naturally occurring affordable housing family community in Canton,...
NAHB appoints The NRP Group’s Debra Guerrero Chairwoman of Affordable Housing Group
The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing is pleased to announce that Debra Guerrero, the company’s Senior...
West Shore acquires eighth luxury apartment community in South Carolina
West Shore, a multifamily real estate investment firm, announces its acquisition of Solis Nexton, a new luxury apartment community located in the award-winning Nexton...
Institutional Property Advisors closes 518-unit Central Connecticut multifamily portfolio sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property, 518-unit multifamily portfolio in Middletown, Connecticut. “Located between Hartford...
$77.5 million financing secured for Philadelphia multihousing development
JLL Capital Markets announced that it has arranged $77.5 million in construction financing for a 279-unit, seven-story, luxury multihousing development with 8,449 square feet...
Single-family starts remain lackluster, but expected to begin sustained rebound later this year
Single-family production remained at an anemic pace in February as builders continue to wrestle with elevated mortgage rates, high construction costs and tightening credit...
Institutional Property Advisors closes multifamily asset sale in Dallas-Fort Worth
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Canopy at South Lakes, a 240-unit apartment property in Denton,...
Cap rate expansion likely to continue but may peak later in 2023
Capitalization rate expansion is likely to continue in the short-term for most real estate asset types, but could peak later this year and should...
Builder confidence edges higher in March but future outlook uncertain
Although high construction costs and elevated interest rates continue to hamper housing affordability, builders expressed cautious optimism in March as a lack of existing...
The Kanner Group completes $11.55 million sale of The Glendon Apartments, a 27-unit trophy...
Matthew Kanner, Executive Managing Director of Keller Williams Commercial & President of The Kanner Group, is pleased to announce the completion of the $11,550,000 sale...
The Mogharebi Group brokers $28.5 million sale of 284-unit senior-living community in California’s Inland...
The Mogharebi Group (TMG) has arranged the sale of Wildomar Senior, a 284-unit senior leisure housing community in Southern California’s Inland Empire. TMG represented...
Sunrise Management adds The Warwick to San Diego portfolio
Following the $37.4 million sale of the luxury multifamily community The Warwick—a newly renovated Class A project in San Diego’s vibrant Hillcrest neighborhood—San Diego-based...
The Multifamily Group transacts 89 units in Oklahoma City
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Pelican Hill Apartments,...
Cushman & Wakefield arranges $24 million sale of Lexington Park in Cobb County’s Northwest...
Cushman & Wakefield announced that the commercial real estate services firm arranged the $24 million sale of Lexington Park, a 156-unit multifamily property located...
