News
Lion Real Estate, Marble Partners Close 4th Austin Buy
The new ownership intends to complete the renovations the previous two owners initiated and further stabilize the property.
Suburban Indianapolis Property Sells for $61M
A BHI Senior Living affiliate acquired the community through a bankruptcy sale process. Cushman & Wakefield’s Allen McMurtry, David Kliewer and Paul Carr assisted the seller.
Berkadia Arranges Sale of 332-Unit Alabama Community
David Oakley, David Wilson, Caleb Frizzell and Abe Maddox assisted the seller in the transaction. Affiliates of B & M Management Co. purchased the property.
Podcast: The Unstoppable Demand for Multifamily
Jeff Daniels of Institutional Property Advisors discusses the demographic and economic trends that keep apartments at the top of investors’ wish lists. But all is not rosy; he also addresses the sector’s significant challenges.
Boston-Area Community Breaks Ground
Mill Creek Residential is developing Modera Marshfield, a 248-unit residential community in Marshfield, Mass.
South Florida Community Trades for $16M
DLS Partners has expanded its footprint with the acquisition of a 137-unit property in Largo, Fla.
Maryland Community Sells for $46M
Transwestern Commercial Services represented the seller in its disposition of Ashton Heights in Prince George’s County.
New Trim System Speeds up Window Installs
The product features a high-performing, thin-line frame for high energy efficiency and maximum viewable glass.
Marcus & Millichap Names New Executive Director
Following the promotion, Eric Bell, who has been with the company for 25 years, will become the only active agent in the firm’s Chicagoland offices to hold this position.
California Passes Statewide Rent Control
A bill that caps annual rent increases to 5 percent passed the state legislature and is expected to be signed into law by Governor Newsom.