Arizona
Washington Heights Mixed-Use Building Sold for $5M
A rent-stabilized, five-story, walk-up building in Washington Heights has been sold for $5 million. The building at 560-562 West 175th… Read more
Hoboken Development Site Sold for $8M
AIRN Management has acquired a 13,000-square-foot development site at 511-521 Newark Street in Hoboken, NJ, for $7.5 million. The property,… Read more
Report: HSTPA Has Disastrous Effects on NYC
A new survey commissioned by the Real Estate Board of New York (REBNY) and the Rent Stabilization Association of NYC… Read more
What’s REALLY Going on with Housing?
As 2024 started, it looked like the average 30-year fixed-rate mortgage for single-family homes was on its way down, dropping… Read more
Mixed-Use Residential Nears Completion in Lemon Grove
Construction on Kelvin, a 66-unit contemporary mixed-use community at 7950 Broadway in Lemon Grove, is nearing completion in a rapidly growing San Diego… Read more
Countering NIMBYism: Converting Houses of Worship into Much-Needed Housing
Once upon a time, large and small churches were the mainstays of most American communities. However, Christianity Today reported that… Read more
FPA Adds More Ventura County Apartments for $153M
Institutional Property Advisors (IPA) has arranged the $153-million sale of a two-property, 409-unit multifamily portfolio in Ventura Count. The properties are… Read more
Strong Job Market Boosts Prospects for Multifamily Rent Growth
A strong jobs market has boosted Yardi Matrix’s forecast of apartment rent growth in 2024. The analytics firm reported Thursday… Read more
Tower 16 Pays $43M for Reno Rental Property
Tower 16 Capital Partners acquired The Deco at Victorian Square, a 209-unit multifamily property located in Reno, Nevada. The project… Read more
Rare Scottsdale Self-Storage Project Obtains Financing
JLL Capital Markets arranged the $17.5 million construction financing for a to-be-built, Class A, self-storage facility located in Scottsdale. A JLL… Read more
Chicago-Based Portillo’s to Open More Locations
Chicago-based hot dog chain Portillo’s Inc. said it would open nine new restaurants in 2024 after opening 12 last year.… Read more
PACE Loan Group Provides $4M for Michigan Condos
The Boardwalk, a two-phase short-term rental condominium under construction in Traverse City, Michigan, received nearly $4 million in C-PACE financing… Read more
Greystone, BMO Provide $81M Refi on Jurupa Valley Apartments
Greystone provided an $81,129,000 Freddie Mac Optigo loan to refinance Vernola Marketplace Apartments, a 397-unit luxury multifamily property in Jurupa Valley. The financing was originated by Clint Darby and Andrew… Read more
Four Seattle-Area MF Complexes Enter Bankruptcy Proceedings
Keen-Summit Capital Partners LLC, a New York-based real estate brokerage and investment banking firm, has been retained to manage the… Read more
Meridian Arranges $9M Washington Heights MF Properties Sale
Meridian recently closed the sale of two blockfront properties in Washington Heights, located at 61-69 and 71-79 Wadsworth Avenue, between… Read more
WinnCompanies Launches Nonprofit Resident Services
WinnCompanies has launched the Connected Communities Foundation (CCF), a nonprofit dedicated to creating and expanding community-based programs for affordable housing… Read more
West Shore Expands MF Team
West Shore, a MA-based real estate firm focused on multifamily assets, has added six team members to support its operations… Read more
AREP, Silverpeak to Convert Alexandria Office to Rental
American Real Estate Partners (AREP) and Silverpeak Real Estate Partners have begun construction on CityHouse Old Town, a rental development… Read more