Pictured above: Jardine Hollywood Advanced Real Estate’s Opportunity Fund 24-3 acquired a 393-unit, two-property portfolio from Los Angeles-based Kilroy Realty for $202 million. The buy brings Advanced Real Estate’s Southern California portfolio to 13,000 units. The two apartment towers, located in the Hollywood submarket, consist of the 200-unit Columbia Square Living (renamed Sky Hollywood) at...
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The housing market is undergoing a type of reset. Despite this, the headlines keep mentioning cost pressures from mortgages and rising housing prices. Tom Hallock, head of construction lending at Kiavi, recently provided some insights behind the headlines, discussing changes, macro trends, legislative issues and the outlook. Q: The housing market feels more stable than the...
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Artificial intelligence has been hailed as a tool to spot fake applications, incorrect financials and made-up resumes, assisting multifamily owner-operators with their tenant selections. However, these systems can also flag legitimate tenants as undesirable. Findig’s Co-Founder and CEO Steve Carroll recently shared insights with ApartmentBuildings.com about AI biases, incorrect responses and how owner-operators can work...
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Efficient operations help ensure a multifamily property runs smoothly. Just as important is that property’s culture. Culture improvement can reduce tenant and staff turnover, maintain and increase occupancy and improve NOI. Unfortunately, some owner/operators can ignore smaller issues when implementing culture improvement strategies. ApartmentBuildings.com recently asked industry experts about what tends to be overlooked when...
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Not so long ago, multifamily property managers were responsible for hands-on operations. “Operators were mostly focused on collecting rent and handling issues as they came up,” said Pat Swanson, Stream Realty Partners’ Managing Director. However, the combination of social media, online reviews, technology and changing renter expectations means that managers and their owners need to...
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Prosper Property Group obtained $39 million in construction financing from Northwind Group’s Debt Fund III to develop 10 West 17th Street, an 18-story, 34-unit luxury residential condominium building in New York City’s Flatiron District. The two-year, first-mortgage senior loan was added to an $11 million acquisition loan that Northwind provided to the sponsor for the...
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Yardi Matrix’s February 2026 Multifamily National Report noted stagnant annual rent growth and occupancy rates against ongoing economic headwinds. Specifically: The national average rent was $1,740, with the year-over-year rent growth at 0.1%. Occupancy was steady at 94.3%, down 0.4% year over year. The report’s authors acknowledged that February is typically a slow month. However,...
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After a stagnant couple of years, capital has started to come off the sidelines to fund commercial real estate deals. But geopolitical uncertainties, continued high interest rates, and maturities and distress concerns have led to more selective financing across all sectors. ApartmentBuildings.com recently contacted Kristen Croxton, principal, Arcus Harbor Real Estate Capital, to learn more...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
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