News
U.S. Apartment Deliveries Remain Elevated in 2025
New apartment construction in the U.S. continues to be elevated in 2025, with an estimated 506,353 units expected for delivery by the end of the year, Yardi’s RentCafe reported. Although the figure is lower than the estimated 518,000 new units delivered in 2024, it remains significantly higher than the annual totals for each year since...
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Elite Panel Weighs In on Market Conditions at Recent Connect Dallas Multifamily Event
Commercial real estate veterans who specialize in the multifamily sector provided their view of the current multifamily market and what we can expect in the future at last week’s ConnectCRE Dallas Multifamily event at The Joule in Dallas. The continuing increase in population and the quality of jobs are working very much in favor of...
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Joint Venture Building USF Student Housing
A joint venture between Landmark Properties, Canyon Partners Real Estate LLC and Peninsula Investments has acquired a 4.3-acre site at 2700 University Square Drive in Tampa to develop an 807-bed student housing community. Dubbed The Mark Tampa, the six-story student housing development will be less than a half-mile from the University of South Florida (USF)...
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Marcus & Millichap Closes Sale of Mixed-Income Fort Greene Apartments
Marcus & Millichap closed the sale of two multifamily buildings totaling 16 units in the Fort Greene neighborhood of Brooklyn. The assets sold for $5.5 million. “Fort Greene is a beautiful, historic area and these buildings are a reflection of the neighborhood,” said Andrew Bronsteen of Marcus & Millichap’s NYM Group in Manhattan. “It was...
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Berkadia Closes $100M LIHTC Multi-Fund
Berkadia announced the closing of a $100 million multi-investor low-income housing tax credit (LIHTC) fund. Berkadia Housing Partnership XV 2025 will help finance the development and rehabilitation of 434 affordable housing units across six properties in five states, including California, Colorado, Maryland, Virginia, and Rhode Island. The fund is comprised of six investors from the...
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Northmarq Closes Sale of Value-Add Santee Multifamily
Northmarq’s San Diego Multifamily Investment Sales team closed the sale of Terre at Creekside, a 62-unit, value-add, garden-style multifamily property located at 9349-9360 Creekside Ct. in Santee. The sale price was not disclosed. Tyler Sinks, Ed Rosen and John Chu led the transaction. The seller was Delaware-based 9349-9360 Creekside (CA) LP. The buyer was San...
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Colliers Facilitates $25M Sale of 144-Unit Minnesota MF Property
Colliers has completed the sale of Birch Grove Estates, a 144-unit multifamily community located at 25749 4th Street West in Zimmerman, Minnesota. The sale was led by the Colliers team of Executive Vice Presidents Dan Linell, Mox Gunderson, and Adam Haydon, as well as Associate Vice President Devon Dvorak. Delivered in 2022, Birch Grove Estates...
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EAH Housing Breaks Ground on Los Altos’ First 100% Affordable Rentals
Nonprofit developer EAH Housing and the County of Santa Clara have broken ground on Distel Circle, the first 100% affordable housing rental community in the City of Los Altos. The development comes as the county and partners accelerate their efforts to meet the region’s pressing need for affordable housing. Located at 330 Distel Cir., half...
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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