Arizona
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
Burger Chain to Open 22 Phoenix-Area Locations
Smalls Sliders, the mini-burger joint backed by former footballer Drew Brees, is opening up 22 franchises in Arizona. Purple Square… Read more
Dominium Starts Work on Two Glendale Affordable Housing Projects
Dominium broke ground on a combined 605 units for family and senior affordable housing in Glendale. Dominium currently has over… Read more
Two Vero Sade Projects Debut in SA
Vero Sade will soon begin pre-leasing efforts for a pair of San Antonio metro multifamily projects, both debuting later this… Read more
Smith & Henzy Pick Deerfield Apts, to Renovate
A Deerfield Beach affordable townhouse development recently sold for $22.4 million. Smith & Henzy Affordable Group bought the property and… Read more
Madison Secures $35.5M Financing for Savannah Apartments
Madison Communities closed on the financing for Madison Oglethorpe, an upscale garden-style multifamily development located directly adjacent to Oglethorpe Mall… Read more
Merchants Capital Finances $103M for Affordable Chicago Property
Merchants Capital has provided more than $54 million of debt and $49 million in Low-Income Housing Tax Credit (LIHTC) equity financing… Read more
USA Properties Launches Affordable Build in Roseville
USA Properties Fund has started construction on Terracina at Westpark, an affordable apartment community in west Roseville. It’s only the second… Read more
Inland Closes $27M Capital Raise for Milwaukee MF Development
Inland Venture Partners, LLC (IVP), the private equity real estate arm of Inland Real Estate Investment Corporation, has completed a… Read more