CBRE recently arranged the $161.5-million sale of Zeta Luxury Apartments and Solasta Luxury Apartments, a multifamily portfolio in Sacramento, to Jackson Square Properties. CBRE’s Marc Ross, CFA, Joe McNamara and Claire Holt represented seller A.G. Spanos, which developed both properties and completed them in 2024. Located at 3761 E. Commerce Way and 7606 Klotz Ranch Ct., respectively,...
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A 25-acre site in Shrewsbury, MA is planned to hold a grocery store, 270 apartments and a mix of smaller retailers along the town’s busy Route 9 thoroughfare, the Boston Business Journal reported. The project just outside of Worcester would fill in a rare undeveloped gap on Route 9, which is otherwise lined with commercial,...
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Canada’s commercial real estate market is poised for an increase in investment as investors position themselves ahead of the next cycle, according to a new national outlook from Marcus & Millichap. The firm says stabilizing financing conditions, following recent Bank of Canada interest-rate cuts, are beginning to normalize borrowing costs and improve liquidity, laying the...
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Walker & Dunlop has arranged $96.7 million in total financing to recapitalize three newly constructed multifamily communities totaling 640 units in Louisville, Kentucky. Walker & Dunlop Capital Markets arranged the refinancing transactions on behalf of Highgates Group. Jonathan Zilber, Joel Chetner, and Josh Geller secured three floating-rate, interest-only loans from an institutional lender. Proceeds will...
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CBRE facilitated the $400 million sale of a multifamily portfolio on behalf of Equity Residential. JRK Property Holdings acquired the three-property portfolio, which includes assets in Seattle, Hoboken, and Los Angeles. Rachel Parsons, Derrek Ostrzyzek and Kenji Thomas with CBRE arranged the portfolio sale for Equity Residential. Ryan Greer, with CBRE’s Debt and Structured Finance...
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While apartment market conditions continue to ease nationwide, rent control remains a significant deterrent to apartment investment and development, according to a new survey by the National Multifamily Housing Council. The survey found that 35% of respondents have cut back on investment or development in rent-regulated markets, 41% of respondents said they don’t operate in...
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GrayStreet Partners can move forward on a hotel and apartment structure at 1523 North Alamo St in San Antonio. The Zoning Commission okayed the request, allowing for multiple uses at the site near the former Pig Stand restaurant. GreyStreet is planning to build 100 multifamily units per acre, a hotel taller than 35 feet and food and beverage...
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New data from the Texas A&M Real Estate Center shows that pressure on renters is driven by 9 percent population growth in the state, more than double the national average. Key findings, presented recently by the Texas Affiliation of Affordable Housing Providers (TAAHP) include: The share of all renter households in Texas spending more than...
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