News
Multifamily Rent Growth for 2027 Now Seen as “More Tepid” Than Earlier Projections
U.S. apartment rent growth for 2027 is now projected to be “more tepid” compared to the outlook a few months ago, Yardi Matrix said Wednesday. The forecast now calls for asking rents to grow between 2% and 3% the year after next. “This is driven by an increased expectation of new-supply deliveries in 2027, back...
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Cinderella City Mall Transformation Moves Ahead
DPC Companies and Ogilvie Partners have acquired the title to the land in Englewood where the former Cinderella City Mall was located. They are now prepared to transform the once-thriving retail center. The developer duo has formed a joint venture called New Englewood to build multifamily housing and a hotel on the site. The redevelopment...
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NHP Leading Effort to Build 158 Sloan’s Lake Affordable Apartment Units
The NHP Foundation is helming a 158-unit affordable housing venture at Sloan’s Lake. NHP, along with partner Zocalo Community Development, has raised $60 million for the Liora at Sloan’s Lake. Construction is set to begin later this fall. Commercial Edge reports rents at Liora will be restricted for households earning 30 percent, 50 percent and...
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Tricon Delivers 2 DFW BTR Communities
Tricon Residential has opened two new build-to-rent (BTR) townhome communities in Garland and Saginaw amounting to 267 units. Tricon Garland has 101 single-family rental homes and Tricon Saginaw has 166. Tricon Garland (photo) offers a variety of three- and four-bedroom floor plans. Every home includes attached two-car garages and fully fenced backyards. Community amenities include...
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Alta Scores $60M Financing for Princeton Rental Community
Alta Developers received a $60 million loan to finance and begin construction of Princeton Commons, a 378-unit residential development located at 24450 S.W. 127th Ave. in the Miami suburb of Princeton. The financing was secured from City National Bank by a Newmark team comprising of Nick Scribani, Holden Witkoff, Max Ralby, and Ricky Braha. The Project represents the...
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KeyBank Secures $57M Financing for Multifamily in Indiana
KeyBank Real Estate Capital secured a $57 million fixed-rate loan with a national life company to refinance The Steadman Apartment Homes, a newly completed multifamily property located in Carmel, Indiana. The loan proceeds will be used to refinance outstanding construction debt. Construction was completed in 2024, and as of March 2025, the property was 60%...
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MassHousing Extends Affordability at Braintree Seniors Complex
MassHousing has closed on $8.7 million in financing to extend affordability for more than 20 years for senior citizens and disabled residents living at the 50-unit Independence Manor II in Braintree. Independence Manor II LLC refinanced the property through MassHousing’s Multifamily Accelerated Processing (MAP)/Ginnie Mae Joint Venture program with partner lender Rockport Mortgage Corporation. Built in 1981,...
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Lee & Associates Brokers Sale of Greenlake Mixed-Use for $10M
Lee & Associates brokered the sale of Greenlake Pointe, a mixed-use multifamily property located at 1400 N 80th Street in Seattle, Washington, to a private investor for $10 million. Lee & Associates represented the seller in collaboration with West Coast Commercial Realty. The Lee & Associates team of Candice Chevaillier, Daniel Lim, Sara Bago, and...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout