News
U.S. Multifamily Absorption Posts Strongest Q1 Since 2000
Positive net absorption of multifamily units totaled 100,600 units in the first quarter of 2025 for the strongest Q1 performance since 2000 and more than triple the pre-pandemic Q1 average, CBRE reported. With demand having surpassed new construction completions for the fourth consecutive quarter, the overall multifamily vacancy rate fell by 20 basis points in...
Learn more
Pershing Increases Stake in Howard Hughes Holdings
Pershing Square acquired $900 million in newly issued shares of Howard Hughes Holdings Inc. (HHH), headquartered in The Woodlands. Pershing Square’s investment will enable HHH to become a diversified holding company by acquiring controlling stakes in public and private operating companies while continuing to invest in and grow its core real estate development and Master...
Learn more
Greystar, Crown Ink $64M Financing for Phoenix Apartments
Harbor Group International provided a $64 million senior loan to a joint venture between Greystar Development (“Greystar”) and Crown Realty Group (“Crown”) for Sunela, a newly built multifamily property in Phoenix, Arizona. “We’re pleased to support Greystar and Crown with this bridge loan to cover the remaining lease-up period,” said HGI’s Richard Litton. “With stabilization anticipated in late 2025,...
Learn more
S2 Acquires “Vintage” 770-Unit Tampa Apartment Property
S2 Capital paid $97 million for Amberly Place, a 1989-vintage, 770-unit, garden-style multifamily apartment community in Tampa. The seller, Providence Real Estate, last paid $63.4 million for the property in 2013. The property was acquired off-market through a deal arranged by Shelton Granade of commercial real estate brokerage firm Institutional Property Advisors (IPA). IPA’s Harry Krieger assisted S2 in securing...
Learn more
Serenbe Looking to Add Hotel, Apartments
A self-proclaimed wellness community 40 miles southwest of Atlanta seeks to expand. Set in Chattahoochee Hills, the Atlanta Business Journal reports that the developers of Serenbe are considering a $1.7 billion addition that could add hundreds of new residences, hotel rooms, and civic and commercial space. Plans include 97 “aging-in-place” units, ranging from single-family homes...
Learn more
Kissimmee Rental Community Sells for $88.5M
The Retreat at Sunset Walk apartments at 8050 Fins Up Circle in Kissimmee sold for $88.5 million. The Orlando Business Journal reports that an affiliate of Montage Capital was the buyer. Falcone Group sold the 352-unit property. The Retreat at Sunset Walk was built in 2022 on nearly 18 acres. The complex consists of four-story buildings with...
Learn more
Veris Trades Development Site in White Plains CBD
CBRE arranged the sale of 1 Water St., a 1.3-acre development site located in White Plains, NY, to David Gaber of Bijou Properties and Kavneet Sethi of Green Property LLC. The CBRE team of Jeffrey Dunne, Eric Apfel and Travis Langer represented the seller, Veris Residential. The site is located at the eastern edge of...
Learn more
Developer Pays $19M for Chula Vista Affordable Complex
Marcus & Millichap closed the sale of Oxford Terrace, a 132-unit apartment property in Chula Vista. The sale price was $19,200,000. Located at 555 Oxford St., the property is the largest affordable multifamily to trade in San Diego County in the past five years, according to Marcus & Millichap. Executive managing director Christopher J. Zorbas and SVP investments...
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