News
Housing Development in North Lawndale Breaks Ground
Crews recently broke ground on a North Lawndale community, the Trumbull Collection, a group of nine market-rate three-flat apartment buildings. The $6.5 million project will replace eight vacant lots on the 1600 and 1800 blocks of S. Drake Ave. and S. Trumbull Ave. with 27 mid-density homes. The city-backed project is being led by Westside...
Learn more
Kidder Mathews Arranges Sale of Mixed-Use Apartments in WA
A nine-unit apartment complex in Wenatchee, Washington, has sold for $1.85 million. Kidder Mathews Vice President Max Frame of the Simon Anderson Multifamily Team, based at the firm’s Seattle headquarters, represented the seller. Located at 475 N. Elliott Avenue, the 6,444-square-foot property was built in 2015 and includes eight residential units and one commercial space....
Learn more
Clear Investment Group Acquires 300-Unit DC Multifamily Property
Clear Investment Group, a Chicago-based real estate investment firm, has acquired Woodland Estates, a 300-unit multifamily community in Southeast Washington, D.C. The acquisition marks the firm’s second investment in the Washington metropolitan area, bringing its regional portfolio to nearly 1,000 apartment units. Woodland Estates was acquired through a receivership auction, creating a value-add opportunity for...
Learn more
NMHC Sees Declines in Capital Availability, Deal Flow in Latest Survey
Apartment market conditions tightened over the past three months, with conditions for debt and equity financing worsening while deal flow decreased, the National Multifamily Housing Council (NMHC) reported in its July Quarterly Survey of Apartment Market Conditions. However, rent growth and vacancies represented a bright spot. The Market Tightness Index (57) came in above the breakeven...
Learn more
Keller Inks $718.5M Refi on 13 SW USA Rental Communities
Keller Investment Properties will refinance a 13-property portfolio through a $718.5 million CMBS loan. Six are in Utah, four in Nevada and three in Arizona. Multihousing News reports that a Nomura affiliate will provide a two-year, floating-rate, interest-only loan. Approximately $696.3 million will refinance existing debt, while $22.2 million will cover closing costs and reserves....
Learn more
Trilogy Receives $64M Construction Loan for Tampa-Area Apartments
Trilogy Real Estate Group has received a $64 million construction loan for the development of The Albion, a 325-unit apartment community being built in Valrico, Fla. The project, located 14 miles east of downtown Tampa, is slated for delivery in the fourth quarter of 2028. Multihousing News reports the financing is in the form of...
Learn more
Developer Duo Obtains Construction Financing for $147M Atlanta Student Housing Project
Radnor Property Group and the Madrone Community Development Foundation have closed on financing needed for a $147 million, 305-unit, 793-bed student housing development in Atlanta. Multihousing News reports construction has begun, and the community is slated to be ready by fall of 2028 for students at Spelman and Morehouse colleges. The sale of approximately $146.8...
Learn more
Inflation Could Stay Higher: What it Means for CRE
The June Consumer Price Index offered some good news: inflation dropped to 3.5%, driven by lower oil and gas prices. However, that state of affairs is unlikely to last, especially as tensions in the Middle East are heating up again, suggesting the U.S. isn’t free from the elevated inflation cycle just yet. In a recently...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout