News
Study Shows that Housing Regulations May Increase Rent Costs
A new follow-up study conducted by economists from MetroSight, sponsored by the National Multifamily Housing Council and the National Apartment Association, shows that some housing regulations increase the cost of rent, particularly for lower-income renters and those renting from small multifamily properties. The report builds on findings released earlier this year. The research specifically analyzed the...
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Development Team Launches 1,600-Bed Housing Project Near Georgia Tech
Core Spaces (“Core”), in partnership with Capstone Communities, announced a new master-planned, mixed-use development in Midtown Atlanta, located near Georgia Institute of Technology. This multi-phase development will transform one of the last major undeveloped sites in Midtown into student housing. The first phase, led by Core, will include 1,600 beds and over 5,000 square feet...
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Adaptive Re-Use Apartments Refinanced for $38M
JLL Capital Markets arranged the $38.4-million refinancing of The Lofts at Helmetta, a 200-unit, historic adaptive re-use mid-rise apartment and townhome complex in Helmetta, NJ. Senior managing directors Jim Cadranell and Michael Klein and analyst Michael Donohoe represented Kaplan Companies in securing the five-year, fixed-rate loan through Nuveen Real Estate. Located in Middlesex County, The Lofts at Helmetta features a conversion...
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Oppidan Breaks Ground on Grand Rapids Workforce Housing
Oppidan Investment Company has broken ground on Mill + Miss, a new workforce housing project in Grand Rapids, Minnesota. The 121,000 square feet, 132-unit market-rate rental development is the result of a unique public-private partnership designed to meet the area’s critical housing needs amid recent economic and job growth. Mill + Miss is designed to...
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Interra Brokers Lincoln Park MF Deals for $13M
Interra Realty has facilitated the sale of two vintage apartment buildings in Chicago’s Lincoln Park neighborhood for more than $13 million combined. The properties included 611-13 W. Arlington Place, a 23-unit property that sold for $7.325 million, and 567-69 W. Arlington Place, a 14-unit building that sold for $5.7 million. Interra Director Colin O’Malley represented...
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Study: LA Affordable Housing Agency Can Mobilize Billions in Private Investment
Deploying market-driven strategies that leverage new public funds with private investment and philanthropy could unlock $2.5 billion over a decade to accelerate the production and preservation of affordable housing in Los Angeles County, according to a study commissioned by the Los Angeles Business Council Institute. Conducted by researchers at the Terner Center for Housing Innovation...
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Naftali Group Closes $810M Deal for Upper East Side Luxury Multifamily
JPMorgan Chase & Co. and GoldenTree Asset Management provided $675 million to Naftali Group for its $810-million purchase of 800 Fifth Ave., a luxury apartment building on Manhattan’s Upper East Side, Bloomberg News reported. The financing helped Naftali complete the deal it struck earlier this year to acquire the property from Winter Organization and Spitzer Enterprises....
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Middleburg, Capital City Real Estate Close on Fairfax Land for MF Development
Middleburg announced the closing of a co-GP development with Capital City Real Estate. The partnership has secured land and financing for The Botanist, a 260-unit luxury multifamily community located at 10350 Eaton Place in Fairfax, Virginia. The Botanist will include a single seven-story residential building with 260 units on approximately three acres. It is five...
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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