Pollack Partners Buys Distressed Multifamily Property in Nashville for $25.3 Million
Pollack Partners has acquired Velocity in the Gulch, a Class-A luxury rental community in Nashville’s vibrant Gulch submarket, for $25.3 million, plus reserves and closing costs. ...
Florida Apartment Prices Rise as Some Markets Rebound
For the first time since 2005, apartment prices in Florida have recorded an increase — up 33% over the same period a year earlier, according to Moody’s/REAL Commercial Property Price Indices. ...
NREI Names Ten to Watch for 2011
The recession is not quite flashing in the rear-view mirror, but intrepid executives across the commercial real estate spectrum are charging ahead, creating new companies, forming joint ventures and buying properties — and not just at distressed prices....
IPA Brokers Sale of $28.3 Million Multifamily Asset in Florida
Institutional Property Advisors (IPA), a boutique brokerage platform serving the needs of institutional and major private investors, has brokered the sale of Bay Harbor Apartments, a 385,900 sq. ft., 343-unit multifamily property in Fort Myers, Fla....
J.I. Kislak Purchases Three Distressed Multifamily Properties in Pensacola
J.I. Kislak Inc., a national real estate investment company, recently purchased three foreclosed multifamily properties in Pensacola, Fla. from Miami-based Ocean Bank for $11.5 million, or about $23,910 per unit....
Commercial/Multifamily Mortgage Originations Jump 36% in 2010, MBA Survey Shows
Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010, a 36% increase over 2009 levels, according to the Mortgage Bankers Association. ...
Heaven for Multifamily in 2011, Closer to Earth in 2012
It is a bullish sentiment that gathered steam through 2010. With few projects initiated in 2009, there will be a shortage in the supply of rental apartments this year. ...
IPA Arranges $63.6 Million in Florida Multifamily Sales
Institutional Property Advisors (IPA) has brokered the sale of two multifamily assets in Florida in separate transactions totaling $63.6 million. ...
Why Houston’s CMBS Apartment Loan Delinquency Rate is Sky-High
While Houston’s economy continues to outperform much of the nation, the same can’t be said of the local apartment market, leaving some researchers to scratch their heads and ask why. ...
First Staybridge Suites With Student Designs Opens
A unique partnership between the Savannah College of Art and Design and IHG’s Staybridge Suites brand has born fruit. ...
Distressed Multifamily Asset in Phoenix Sells for $13.67 Million
The Ridge at Sun Valley, a 264-unit distressed multifamily property built in Phoenix in 2004, has sold for $13.67 million....
Apartment Buyers Start Applying the Brakes
There's no question that apartments remain a hot commodity thanks to improving fundamentals and available financing. But rising prices and a limited supply...
A New Chapter for Public Housing in Chicago
The last family moved out of the last high-rise at the notorious Cabrini-Green public housing projects in Chicago in early December. Investors soon will...
Red Mortgage Provides $13 Million in FHA Financing for Wisconsin Multifamily Property
Red Mortgage Capital LLC, the mortgage banking arm of comprehensive capital provider Red Capital Group, recently processed, funded and will service a $13.4 million FHA 223(f) financing for Hawks Ridge Apartments, a 193-unit property located in Beloit, Wis. owned by Teronomy Builders of Elkhorn, Wis....
Prospects for Multifamily Sector Improve Greatly
A sharp increase in transaction activity for multifamily properties over the past year is indicative of strong investor interest in the sector...
Stars Are Aligned for Bullish Apartment Outlook in 2011
The apartment sector shines as the healthiest commercial real estate property type....
Commentary: When Will Normalcy Return to the Real Estate Market?
At the recent Urban Land Institute (ULI) annual fall conference in Washington, D.C., the question on everyone’s mind was: “When will the real estate market see some normalcy?” Now that I’m back at the daily grind in San Francisco, I find myself reflecting on the discussions and unique perspectives shared by colleagues from around the world....
208-Unit Apartment Complex Near Knoxville Sells for $18.3 Million
Private buyer NPP Oak Ridge LLC has purchased Bristol Park at Oak Ridge, a 208-unit, Class-A multifamily property near Knoxville, Tenn. for $18.3 million. ...
$137 Million Student Housing Project Designed by KTGY Earns LEED Gold
Architectural firm KTGY Group has completed its third student housing project at the University of California, Irvine, and the project has earned gold certification under the U.S. Green Building Council's LEED rating system. ...
Passco Acquires Luxury Apartment Complex Near Atlanta for $18 Million
Passco Cos. LLC, a real estate investment firm specializing in the tenant-in-common structure, has completed the acquisition of Sundance Creek...
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