What happened, and who moved.
Marcus & Millichap Brokers Sale of Multifamily Property in San Mateo, California SAN MATEO, Calif., July 21, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 2001 Parrott…
WENTZVILLE, MO. — Northmarq has brokered the $70 million sale of Villages at Lake Silvercote, a 381-unit, garden-style multifamily property in Wentzville. Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee of Northmarq represented the seller, a local investment group. The buyer was a private firm.…
CHICAGO — Becovic Residential has acquired The Vivian, a nine-story apartment building located at 6807 N. Sheridan Road in Chicago’s Rogers Park neighborhood, for $25.6 million. The Vivian features 160 units, comprised of 104 studios and 56 one-bedroom apartments along with 9,915 square feet of ground-floor…
OVERLAND PARK, KAN. — Caisson Capital Partners has acquired Preston Court, a 181-unit multifamily community in Overland Park, for $23.4 million. The acquisition marks the firm’s first investment in metro Kansas City and increases its multifamily assets under management to more than $100 million. Built in 1968,…
GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinancing of Everly at Morrison Ranch… The post PCCP Provides $51.8M Refinancing Loan for Everly at Morrison Ranch in Metro Phoenix appeared first on Multifamily & Affordable…
SAN ANTONIO — Locally based Lynd Management Group, the property management division of The Lynd Group, has been selected to manage Elevate at Huebner Grove in Northwest San Antonio. The… The post Viking Capital Taps Lynd to Manage Huebner Grove in San Antonio appeared first on Multifamily & Affordable Housing…
KISSIMMEE, FLA. — The NRP Group has secured financing and begun construction of Alora Lofts, an 88-unit affordable housing community in Kissimmee, 18 miles south of Orlando. Residences will be… The post The NRP Group Breaks Ground on Florida Affordable Development Alora Lofts appeared first on Multifamily &…
Korean real estate experts say the government's public-led "supply at all costs" push cannot solve the housing crunch alone, urging a four-pronged approach as Seoul apartment prices rise for 75 straight weeks.
Greystar has received a $3.8-million Housing Development Incentive Program (HDIP) award from the Massachusetts Executive Office of Housing and Livable Communities to support the redevelopment of 437 Whittenton St. in Taunton, MA. The long-vacant Whittenton Mills site will be transformed into a 390-unit apartment…
M&T Realty Capital Corporation (M&T RCC) closed on a $141.4-million bridge loan for Anagram Turtle Bay, a newly constructed 194-unit multifamily community located at 300 E. 50th Stt. in Manhattan’s Turtle Bay neighborhood. The financing was provided to an ownership group led by Global Holdings, MAG Partners, and…
Marcus & Millichap has completed the sale of 1939 N. Kenmore Ave., an 18-unit multifamily property located in Los Angeles. The property sold for $5.28 million. “Properties with this charm and character that have been owned by the same family for several decades rarely come to market in Los Feliz,” said Jeff Louks,…
A private-label securitization closed by Systima Capital Management for a portfolio of nearly 1,300 subsided apartments underscores the potential for use of the commercial mortgage-backed securities (CMBS) market in affordable housing deals. Systima closed the $153 million tax-exempt affordable housing bond deal…
The two worlds of Marc Kulick, an Oklahoma-based developer and former high-stakes gambler, have collided to create a vicious onslaught of lawsuits, including racketeering allegations, and foreclosures. Kulick is being sued by business partners and investors...
New York City apartment developers are building fewer studio apartments as they seek to make an unpopular housing incentive work for their projects.
Interstate Equities Corporation (IEC), a vertically integrated real estate investment and management firm specializing in multifamily properties throughout California and Washington, reached the final close of IEC Institutional Fund VI (with $215 million in equity commitments. The new fund continues IEC’s value-add…
RIPCO Real Estate announced it has successfully arranged a $28.3 million bridge loan for The Arbor College Park, a 134-unit multifamily community located at 4800 Berwyn House Road in College Park, Maryland. The financing represents a modified bridge upsizing with RMWC, the same lender that provided the property’s…
Hines has placed an Uptown apartment development up for sale. The 22-story, 345-unit Maple Terrace Residences is being marketed by JLL. The Dallas Business Journal reports the property at 3003 Maple Ave. is part of a mixed-use property that includes 155,000 square feet of office space and more than 15,000 square…
111 Point, an office-to-apartment conversion, has surpassed the 65 percent leased milestone, with 100 of its 153 luxury apartment residences now leased since pre-leasing kicked off in April and the property first welcomed residents in May. Designed by Pappageorge Haymes Partners and developed by Path Construction…
ABILENE, TEXAS — New York City-based Dwight Capital has provided a $66 million HUD-insured construction loan for The Lariat at Abilene, a 312-unit multifamily project in West Texas. Situated on 13 acres, the garden-style property will comprise 13 three-story buildings that will house 186 one-bedroom units and 126…
SLINGERLANDS, N.Y. — Regional brokerage firm Adirondack Capital Parters (ACP) has negotiated the sale of Meadowbrook Apartments, a 98-unit building in Slingerlands, about 10 miles west of Albany. The property offers one- and two-bedroom units with private balconies/patios and amenities such as an outdoor pool,…
Aldar Properties announced the launch of its first residential community phase at a major mixed-use development on Yas Island in Abu Dhabi.
Preservation Equity Fund Advisors has purchased Quail Run Apartments, a 104-unit income-restricted community in San Leandro, and plans a capital campaign to modernize the aging property while locking in its affordability for the long term. Preservation Equity Fund Advisors, LLC (PEF Advisors) has acquired Quail Run…
A New York distressed-debt specialist has taken control of the buildable heart of San Francisco’s largest apartment complex, using a construction loan it never got repaid to foreclose on land approved for nearly 1,700 new homes. Yellowstone Real Estate Investments has completed a foreclosure takeover of the…
NORFOLK, VA. — Bonaventure has broken ground on Attain at Newtown, an $85.3 million multifamily development located at 6659 E. Virginia Beach Blvd. in Norfolk. The 320-unit project, which is situated within an opportunity zone, is the second Attain-branded multifamily development that Bonaventure has begun…
Walton Communities has sold off Walton Lakes, a 305-unit, market-rate multifamily community, and The Legacy at Walton Lakes, a 126-unit, 55+ LIHTC community, both in Atlanta. Clark Ventures was the buyer. The buyer was able to assume HUD financing for Walton Lakes. JLL represented the buyer on the affordable…
Der Entwickler Midstad hat mit Brera einen Betreiber für die Serviced Apartments im P&C-Gebäude auf der Schloßstraße in Berlin gefunden.
CASTRO VALLEY, CALIF. — Felson Cos. has sold a two-property, 135-unit portfolio in Castro Valley to Prime Residential for approximately $35.6 million. Jason Parr, Scott MacDonald and John Hansen of… The post Berkadia Arranges $35.6M Bay Area Trade appeared first on Multifamily & Affordable Housing Business .
PHOENIX — Crescent Communities has acquired land and begun construction of NOVEL Norterra, a four-story property on an 8.5-acre site in northern Phoenix. The 248-unit development is part of the… The post Crescent Communities Closes on Land for NOVEL Norterra in Northern Phoenix appeared first on Multifamily &…
NEW YORK CITY AND CHARLOTTE, N.C. — JLL has arranged $617 million in financing for Charlotte, North Carolina-based Grubb Properties, supporting the formation of a new real estate investment trust… The post JLL Arranges $617M in Financing for Grubb Properties appeared first on Multifamily & Affordable Housing Business .
DEERFIELD BEACH, FLA. — Morgan and Compatriot Capital have broken ground on Pearl on the River, a luxury waterfront community at 451 NE River Drive in Deerfield Beach. Situated along… The post Morgan Breaks Ground on Pearl on the River in Deerfield Beach, Florida appeared first on Multifamily & Affordable Housing…
GRAHAM has completed the build of a 321-apartment purpose-built student accommodation (PBSA) scheme in Glasgow ahead of the new academic year. The £38 million St Vincent Studios project has been delivered on behalf of developer Artisan Real Estate and Housing Growth Partnership, the Lloyds-backed investor in the UK…
The Fifth Estate - With the end of the National Rental Affordability Scheme, ABC Four Corners revealed damning evidence that developers were also using the government’s lucrative infill affordable housing scheme to build luxury apartments. Affordable housing is earning developers millions; it’s time to change tack…
Experts clash over reviving Korea's non-apartment housing supply, debating tax and financial support versus concerns that villas and officetels lack real market demand.
Apartment price gains are cooling in Dongtan and Yeongtong but spreading to Bundang (0.58%) and Suji (0.50%) in southern Gyeonggi, per Korea Real Estate Board data for the third week of July.
Among private non-landed residential developments that set a new psf-price high during the week of July 7 to 14, Cairnhill Astoria topped the list at $2,350 psf. The fresh high at the freehold development occurred with the sale of a 732 sq ft one-bedder on the first floor for $1.72 million on July 10. The deal…
A pair of spacious four-bedroom duplex apartments at The Vantage, a freehold development on Orange Grove Road, will go under the hammer at SRI’s upcoming auction on July 29. Offered via an owner’s sale, this is the first time the properties will be on the block, says Mok Sze Sze, managing partner of SRI Auction.…
Developer Alef has completed sales of the first phase of a major waterfront mixed-use project in Sharjah valued at $1.1 billion.
Marcus & Millichap closed the sale of Redwood Meadows, a 101-unit senior multifamily property located at 1475 Baechtel Rd. in Willits. The property sold for $10.8 million, or $106,931 per unit. “Senior housing communities with stable occupancy and long-term growth potential continue to attract investor interest…
Roselle Grande, a 119-unit garden-style apartment community located at 220-250 W. Sumner Ave. in Roselle Park, NJ, has changed hands for an undisclosed price, in a transaction arranged by SAGE Real Estate Advisors. The firm’s brokerage team of partners and co-founders Steve Tragash and Greg Pine, alongside…
Boyd Wilson LLC has acquired The Landings, a 384-unit apartment community in Bethlehem, Pennsylvania, for $97 million. The transaction was supported by a $67.9 million Northmarq-Freddie Mac senior loan and $13.5 million in preferred equity from Northmarq Fund Management. The acquisition was executed alongside…
JLL has completed the sale of Willow, a 158-unit, luxury multifamily property in Lake Oswego, Oregon. JLL represented the seller and procured the buyer. JLL Capital Markets’ Investment Sales and Advisory team, representing the seller, was led by Senior Managing Director Ira Virden and Managing Director Carrie Kahn.…
The Bascom Group has acquired a 183-unit apartment complex in Orange County, Calif., as the company expands its multifamily holdings this year in the Western U.S. The Irvine, Calif.-based investment firm put down $53.1 million for Castlewood Park Apartments in Buena Park. The deal is equal to about $290,200 per…
Five landlords sue New York over rent freeze process, alleging Mayor Mamdani directed Rent Guidelines Board outcome affecting one million stabilized apartments. The post Small Landlords Challenge Rent Freeze Process in New York Lawsuit appeared first on Propmodo .
A 1031 exchange buyer has closed on Aimco’s fully redeveloped 110-unit 707 Leahy apartment community in Redwood City for $73.9 million, converting one of the Peninsula’s most contested listings into a completed disposition as the NYSE-listed REIT winds down its national portfolio. Apartment Investment and…
RBH Group has landed $36.7 million of pre-development financing for a mixed-use multifamily project in Newark, N.J., Commercial Observer has learned. CDK Lending provided the loan on the developer’s planned 420-unit apartment complex with ground-floor retail space at 101 Market Street in Newark’s Four Corners…
JLL Capital Markets arranged a $78.7 million construction takeout financing for The Flynn at Live Oak, a five-story, 327-unit newly completed luxury multifamily community in Dallas, Texas. JLL represented the borrower, Conor Commercial Real Estate and Globe Corporation, in securing the loan through funds managed by…
Following the city’s rent freeze decision in June, it was very much expected that angry New York City landlords — now burdened with even more maintenance costs and increased upkeep on rent-stabilized apartments — would take legal action to overturn the vote. And now it’s a reality. A group of five small landlords…
The development team behind Berkeley’s Ashby BART Station project has released its first design images, showing five buildings and roughly 600 apartments rising from a surface parking lot that transit and city officials have spent years trying to convert into housing. Adeline Alliance Partners this week unveiled…
FRESNO, CALIF. — JBT Property Management has sold Maroa Park Apartments, a 248-unit multifamily property in Fresno, to a private buyer for $44 million. Located at 475-585 W. Sierra Ave., Maroa Park features one- and two-bedroom units with an average size of 878 square feet. Otto Ozen, Brian Nakamura and Nazli…
CHICAGO — Kiser Group has brokered the $11.5 million sale of a 78-unit apartment building located at 6748-50 N. Ashland Ave. in Chicago’s Rogers Park neighborhood. Originally constructed in 1927, the property features Art Deco architectural influences. There are eight studios, 69 one-bedroom units and one…
WEST PALM BEACH, FLA. — A partnership comprising LD&D, IGEQ and FrontRange Capital Partners has broken ground on a 21-story apartment tower and hotel in downtown West Palm Beach. The properties, the 181-unit Alida Residences and the 112-room Tribute Portfolio hotel by Marriott, will be developed simultaneously as…
GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the cash-neutral refinancing of Everly at Morrison Ranch, a apartment community located in Gilbert. Built in 2025, the Class A, garden-style community features 236 apartments that…
It’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incentive that appears to guide most developers to a 99-unit limit on new multifamily buildings in much of the city in…
The New York City Rent Guidelines Board (RGB) recently voted to freeze rents on both one- and two-year rent-stabilized lease renewals, fulfilling one of Mayor Zohran Mamdani’s signature campaign promises. For the approximately 2 million New Yorkers living in rent-stabilized apartments, the decision was…
U.S. bank real estate loan balances totaled $6.14 trillion in the first quarter of 2026, according to CRED iQ data. Since the first quarter of 2019, the composition of that real estate loan balance book has shifted measurably. Multifamily balances grew the fastest in percentage terms, rising about 53 percent, while…
AVON, CONN. — Chozick Realty has brokered the sale of Avon Woods, a 189-unit community in Avon, approximately 10 miles northwest of Hartford. The asset traded between two unnamed parties,… The post Chozick Brokers $42M Sale of Avon Woods in Metro Hartford, Connecticut appeared first on Multifamily & Affordable…
LOS ANGELES — San Francisco-based Prime Residential has acquired Palm Court Apartments in the Miracle Mile neighborhood of Los Angeles for approximately $51.3 million. The seller was a private investor.… The post Prime Residential Buys Palm Court in Los Angeles for $51.3M appeared first on Multifamily & Affordable…
CHICAGO — Tree Street Group, along with development partners Magellan Development Group and Mark Goodman & Associates, has closed on an undisclosed amount of construction financing obtained through Bank OZK,… The post Joint Venture Closes on Financing for Two-Tower Mixed-Income Development in Chicago appeared first…
Aldar has launched Marsa Al Saadiyat, a AED100 billion waterfront development in Abu Dhabi featuring residential components across 6.4 million square meters of waterfront space.
Sobha Realty announces planned delivery of a record 6,819 residential units in 2026 as part of its development pipeline.