Cities
Inland Empire Multifamily Report – Winter 2019
Multifamily property sales totaled $1.4 billion in 2018 and are expected to spike this year, following the rejection of Proposition 10.
JPI Begins Work on 282-Unit Dallas Community
Jefferson Texas Plaza is the developer’s 10th community in the Irving-Las Colinas submarket. The property will be close to the University of Dallas and the Toyota Music Factory complex.
Wells Fargo Refinances Manhattan Luxury Properties
The Gotham Organization received the permanent mortgage loans, totaling $184 million, for two upscale apartment buildings in Midtown West and Midtown South.
Jacksonville Multifamily Market: Florida’s Rising Star
Rosendo Caveiro, senior vice president of Avison Young, shares his thoughts on what drives demand in the metro, potential challenges and expectations for the year ahead.
Long Beach Property Sells for $72M
Berkadia arranged the disposition of The Landing at Long Beach on behalf of the seller. The new owners plan to invest $28,000 per unit for upgrades.
Nuveen Real Estate Sells 336-Unit Raleigh Asset
The 14-building community changed hands for $46.1 million. The buyer used a $27.7 million loan originated by Prudential Financial to finance the acquisition.
The Answer to the Bay Area’s Affordable Housing Crisis
Enterprise Community Partners’ Rich Gross and Kaiser Permanente’s Bechara Choucair talk about their joint projects. The two companies launched a $100 million loan fund to create and preserve multifamily rentals.
$26M Financing Earmarked for Houston Portfolio
Capital One provided the Fannie Mae loans to Solid Goods Corp. to refinance the Villas at Cypresswood and the Lakewood Apartments.
Waypoint Residential Expands Development Pipeline
The company has six multifamily properties totaling more than $325 million in development or leasing stages—including two new brands—in the Northeast and West.
SoCal Asset Sells for $20M
The 98-unit Villa Capri in Escondido benefited from an acquisition loan originated by Aetna Life Insurance Co. IPA represented the seller and procured the buyer.