What happened, and who moved.
This is a deal report published by Commercial Observer on July 16, 2026, covering Greystar's sale of an apartment tower in Virginia for $216 million.
National multifamily net absorption reached its fifth-highest quarterly total in nearly 25 years, even as median asking rents continued to decline.
Cushman & Wakefield has arranged a $58.6 million refinancing for The Ellington, a 190-unit luxury multifamily property with more than 16,000 square feet of retail space at 1301 U Street NW in Washington, D.C. The Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Alex Hernandez, Marshall…
A New Orleans-based investor paid one of the highest prices for an Atlanta apartment tower this year as more companies shell out top dollar for new and well-located multifamily projects in the metro area.
RICHMOND, VA. — Capital Square has sold 2000 West Creek, a 373-unit apartment community in Richmond, for $115 million. The locally based company purchased the property in 2019 in a Delaware statutory trust program (DST) for $103 million, giving the trust’s 115 exchange investors a 137 percent total return and more…
West Palm Beach gave tentative approval to a measure that would pause redevelopment in a waterfront area of the city’s downtown. It will mostly affect the seven apartment and condo projects on S. Flagler Drive and Washington Road. The S. Florida Business Journal reports the measure would halt any new projects in…
Cushman & Wakefield reports residential investment activity in France during the first quarter of 2026.
Cushman & Wakefield arranged $95.74 million in debt financing for a 626-unit multifamily portfolio in Texas.
Green Street has introduced a new commercial property price index covering the Canadian market, providing a benchmark for tracking property valuations and market trends.
Ensemble Real Estate Investments’ second residential community in Santa Clara’s Clara District has broken into construction, one of the first Bay Area multifamily projects to reach that stage since interest rates spiked between 2023 and 2025, as the developer bets a second time on the neighborhood it is building…
One of Uptown Oakland’s most symbolically important apartment buildings is headed to the auction block, even as the city’s broader rental market shows its first real signs of stabilizing after a brutal, oversupply-driven downturn. Lenders have scheduled a July 28 foreclosure auction for Mason at Hive, a 105-unit…
CHICAGO — Kiser Group has arranged the $5.7 million sale of a 43-unit apartment building located at 5123-31 S. University Ave. in Chicago’s Hyde Park neighborhood. Lee Kiser brokered the transaction. The Norm Levin Trust sold the property to Florin Pavel. Situated a few blocks from the University of Chicago, the…
ROCHESTER, MINN. — Inland National Development Co. LLC, a member company of The Inland Real Estate Group of Cos. Inc., and Reuter Walton Development LLC will co-develop Citywalk Apartments, a 342-unit multifamily community in downtown Rochester directly across from Mayo Clinic’s campus. Construction is expected to…
LOS ANGELES — Winstar Properties has purchased The Flat, a 205-unit apartment complex located in the City West neighborhood of Los Angeles. Terms of the transaction were not released. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus & Millichap, represented the…
FORT WORTH, TEXAS — Affinius Capital has provided a loan to Greystar for the refinancing of Marlowe Wellington, a three-story property consisting of 594 units in Fort Worth. Walker Layne… The post Affinius Capital Provides Refinancing Loan for Marlowe Wellington in Fort Worth, Texas appeared first on Multifamily &…
ATLANTA — ECI Group, an Atlanta-based development, management and investment firm, has hired Thomas Rowe as chief financial officer (CFO). He replaces Ben Engel, who held the position for the… The post ECI Group Hires Thomas Rowe as CFO appeared first on Multifamily & Affordable Housing Business .
STOCKBRIDGE, GA. — NexMetro has opened the first units at Avilla Holloway, a 136-unit build-to-rent property on 14 acres in the Atlanta suburb of Stockbridge. The gated neighborhood features single-level,… The post NexMetro Opens Avilla Holloway in Stockbridge, Georgia appeared first on Multifamily & Affordable…
CHICAGO — JLL has arranged a $275 million loan and $57 million in mezzanine financing for NEMA Chicago, a 76-story luxury tower at 1210 South Indiana Ave. in Chicago. The… The post JLL Arranges $332M for Chicago Luxury Tower Refinancing appeared first on Multifamily & Affordable Housing Business .
Milhaus and SRG Residential completed a merger, forming a national multifamily platform to develop, own and manage apartment communities in more than 20 markets. Together, Indianapolis-based Milhaus and Newport Beach-based SRG Residential, a subsidiary...
The Bascom Group acquired Castlewood Park Apartments, a low-density, 183-unit value-add apartment community in Buena Park. The purchase price was $53,125,000, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, and Jake Vitta of IPA Capital Markets arranged the acquisition financing, with…
NewPoint Real Estate Capital has originated a $34.6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit property located in Arlington, Virginia. The bridge loan, which was used to finance the purchase of the extended-stay…
Greystar has unveiled its first UK garden-style rental housing development, with the company targeting delivery of up to 20,000 such rental homes over the next four years. The new strategy has launched with the acquisition of a development site at Waterbeach,...
Gov. Kathy Hochul has selected a team of Gotham Organization, Fisher Brothers and Mural Real Estate Group to develop 1,127 housing units on a state-owned site currently used for parking near the USS Intrepid Sea, Air, and Space Museum on Manhattan’s Far West Side. Thirty percent of the units in the two-tower…
PCCP provided a $61.3 million loan to PGIM and Kennedy Wilson for the refinance of Parc Riverside East, a luxury mid-rise apartment community in the Navy Yard neighborhood of Washington, D.C. Built in 2014 and located at 1011 First Street SE, the 287-unit, 13-story property features studio, one-bedroom, and…
StreetLights Residential has secured $54 million in equity, along with $111.5 million in construction loans, for a new 22-story Plano apartment complex expected to open in 2029. The project will be part of the conversion of The Park of Legacy, a 107-acre office campus into a mixed-use development with apartments,…
JACKSONVILLE BEACH, FLA. — JLL has arranged a $76.8 million construction loan for a 415-unit multifamily development in Jacksonville Beach. Mark West led the JLL team in arranging the four-year, floating-rate loan through Ameris Bank on behalf of the borrower, Trevato Development Group. Located along Beach…
OCEANSIDE, CALIF. — CBRE has brokered the $77.5 million sale of Sunterra, an apartment community located just north of Carlsbad in Southern California. An undisclosed buyer acquired the asset from 29th Street Capital. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller,…
CHICAGO — Greenstone Partners has negotiated the $4 million sale of a fully leased property located along Restaurant Row in Chicago’s Fulton Market neighborhood. Located at 1012 W. Randolph St., the four-story asset totals 6,500 square feet and includes a ground-floor retail space leased to Rōti Modern…
OCEANSIDE, CALIF. — CBRE has brokered the $77.5 million sale of Sunterra, a multifamily community located just north of Carlsbad in Southern California. An undisclosed buyer acquired the asset from 29th Street Capital. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller,…
LAWRENCE, KAN. — Merchants Capital has secured a $10.8 million Freddie Mac loan for Floret Hill, a 121-unit affordable housing development in Lawrence. The developer, Gardner, Kansas-based Wheatland Investments Group,… The post Wheatland Investments Group Obtains $10.8M Loan for Affordable Housing Development in…
HOUSTON — Asset Living has appointed Marti Burrows to chief operating officer to oversee operations across Asset Living’s national portfolio. Asset is ranked second on The National Multifamily Housing Council’s… The post Marti Burrows Appointed COO of Asset Living appeared first on Multifamily & Affordable Housing…
NEW YORK CITY — Apex Building Group and L+M Development Partners have obtained approximately $217 million in financing for the third phase of the Alafia project, an affordable housing community… The post Apex, L+M Obtain $217M to Finance Phase II of Alafia in Brooklyn appeared first on Multifamily & Affordable…
MANASSAS, VA. — Bridge Investment Group has acquired Masons Keepe, a 270-unit property in Manassas for an undisclosed sum. Brian Crivella, Bill Gribbin, Yalda Ghamarian and Jack Canepa of Berkadia… The post Berkadia Arranges Sale, Financing for Masons Keepe in Manassas, Virginia appeared first on Multifamily &…
New York City renters have never paid more for their housing — and their options on where to live are dropping.
SCALE Lending, the debt financing arm of Slate Property Group, has issued a $45-million senior-secured construction loan for a new multifamily project located at 264-272 W. 135th St. in Harlem. The sponsor, Mass Development, will use loan proceeds for the ground up development of an 11-story residential condominium…
CBRE facilitated the $77.5-million sale of Sunterra, a 240-unit multifamily community located at 3851 Sherbourne Dr. in Oceanside. The firm’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas advised the seller, 29th Street Capital. Debt and Structured Finance support was provided by James Flinn and…
Casa del Rey, a 30-unit mixed-use apartment building, located at 321 Broadway E. in Seattle’s Capitol Hill neighborhood, has sold for $4.57 million. Matt Johnston, Jerrid Anderson, Matt Laird, and Jack Shephard of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller, 321 Broadway Associates,…
Indianapolis-based Milhaus has completed a merger with one Southern California-based multifamily company and has agreed to acquire another. The merger of Milhaus with SRG Residential forms a national, vertically integrated platform focused on developing, owning, and managing apartment communities in more than 20…
A Washington, D.C.-based housing watchdog group is accusing the country’s largest apartment owner of unlawfully rejecting potential renters who hold Section 8 vouchers across six states.
The Cabana Motor Hotel along Stemmons Freeway was once a go-to destination in Dallas. The Beatles and Monkees stayed there and Raquel Welch once worked the cocktail lounge. After opening in 1963, the property, which has had numerous owners over the years, including the county jail system, is now being transformed…
A citizen-led rent-control initiative backed by Faith in Action Bay Area has qualified for Redwood City’s November ballot, setting up a costly showdown over a 46-page ordinance whose eviction, relocation and fee provisions reach far beyond its headline 5 percent rent cap. Redwood City voters will decide in November…
COLLEGE STATION, TEXAS — A joint venture between Los Angeles-based PCCP LLC and Houston-based The Dinerstein Cos. has acquired two adjacent student housing communities totaling 1,128 beds near the Texas A&M University campus in College Station. The properties — formerly dubbed 2818 Apartments and Parkway Place —…
NORWALK, CONN. — Avison Young has brokered the $17.9 million sale of The Stonefield, a 55-unit apartment building located in the southern coastal Connecticut city of Norwalk. According to LoopNet Inc., the four-story building was constructed on a 3-acre site at 587 Connecticut Ave. in 2016 and offers one- and…
CORPUS CHRISTI, TEXAS — Northmarq has arranged a loan of an undisclosed amount for the refinancing of the 199-unit Wood River Apartments in Corpus Christi. Built in 1983, Wood River Apartments offers one-, two- and three-bedroom units across 17 two-story buildings, as well as a pool and pet facilities. Cheryl…
KYLE, TEXAS — California-based investment firm Haven Housing has acquired Hays Park Apartments, a 309-unit apartment community located south of Austin in Kyle. The garden-style property sits on 14.9 acres and features a mix of one- and two-bedroom units with an average size of 807 square feet. Amenities include a…
Cover2 Capital is building a 20-story, $100 million apartment tower close to the border of Highland Park. Dubbed The Savannah, the development will include a rooftop pool and only 100 units. Units are expected to average 1,800 square feet and the Dallas Business Journal reports rents will be on the high end of the…
CBRE arranged the sale of The Tyler, a 320-unit multifamily community in Gilbert, Arizona. CBRE’s Asher Gunter, Matt Pesch and Austin Groen represented the seller, StreetLights Residential. Camden Property Trust acquired the property. The Tyler offers studio, one-, two- and three-bedroom floor plans. Community…
JLL has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower and the city’s tallest all-rental residence. JLL represented the borrower, Crescent Heights, in facilitating the five-year, fixed-rate loan through New York Life Insurance Company. JLL also…
S3 Capital provided a $24 million construction loan to Ampere Capital Group for a six-story, 109-unit mixed-use multifamily project with 14,500 square feet of retail space at 1640 North Hancock Street in Philadelphia's Fishtown neighborhood. The 122,804-square-foot development, designed by HDO Architecture and comprising studios, one- and two-bedroom apartments, is slated for completion in late 2027.
NEW YORK CITY — Seniors housing and multifamily bridge lending platform MonticelloAM has added Jason Liu to its accounting team as deputy chief financial officer. Liu will oversee investor and lender… The post MonticelloAM Adds Jason Liu as Deputy Chief Financial Officer appeared first on Seniors Housing Business .
San Jose planners are advancing a once-in-four-years rewrite of the city’s growth blueprint that would open single-family neighborhoods to small apartment buildings and rezone a slice of Winchester Boulevard for eight-story towers, setting up an Aug. 18 City Council showdown between housing advocates who say it…
GILBERT, ARIZ. — Dallas-based StreetLights Residential has sold The Tyler, a 320-unit apartment community in Gilbert, to Camden Property Trust for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the deal. Situated within the Agritopia master-planned community, The…
BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments, a 183-unit value-add multifamily property in Buena Park, for $53 million, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors (IPA), a division of Marcus & Millichap,…
PASADENA, CALIF. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Avenue, a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the asset to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700…
CHICAGO — JLL Capital Markets has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower. Standing 76 stories and 893 feet tall, the property is Chicago’s tallest rental tower, according to JLL. Located at 1210 S. Indiana Ave. along Grant Park, NEMA…
ORLANDO, FLA. — Boston-based Taurus Investment Holdings has obtained an $85.4 million loan to refinance two Orlando-area assets, The Summit at Metrowest and The Legends at ChampionsGate. Matt Robbins, Mitch… The post Berkadia Arranges $85.4M Refinancing Loan for Two Orlando Properties appeared first on Multifamily…
LAWRENCE, MASS. — Northmarq has arranged a Fannie Mae loan for approximately $22.9 million for Arrowpoint Properties’ acquisition of Elora Flats & Townhomes in Lawrence, 30 miles north of Boston. Northmarq’s… The post Northmarq Arranges $22.9M for Affordable Housing Acquisition in Lawrence, Massachusetts appeared…
STAMFORD, CONN. — Urby, a joint venture between Ironstate Development and Brookfield Properties, has sold Stamford Urby to Pantzer for $221 million. CBRE’s Jeffrey Dunne, Eric Apfel, Stuart MacKenzie, Travis… The post CBRE Arranges $221M Sale of Stamford Urby appeared first on Multifamily & Affordable Housing…
HOLLYWOOD, FLA. — Starlife Group has launched pre-leasing at 21 Hollywood, a 200-unit luxury community in Hollywood, Florida. The 14-story mixed-use tower at 2100 N. Federal Highway includes 10,000 square… The post Leasing Begins at 21 Hollywood in South Florida appeared first on Multifamily & Affordable Housing…
Rose Associates, a New York-based multifamily property manager, has more than 40,000 units under management. It’s already one of the largest firms in the region, but it's not stopping there. The firm is rapidly expanding its presence throughout the...