News
Bascom Group Expands Multifamily Presence in Southern Calif.
The private equity firm has acquired the 43-unit Juniper Terrace in Escondido, Calif., marking its ninth acquisition in Southern California in the past 12 months.
A10 Capital Provides $79M in Bridge and Permanent Funding
The loan was for the acquisition of four properties, including three Class B multifamily communities.
Economy Watch: More Mixed Messages on the Economy: Jobs, Consumer Confidence
For the U.S. economy in 2016, and thus the commercial and residential real estate market, indicators have been mixed.
Saltzman Properties Expands Residential Footprint with New Acquisition Scottsdale
The 202-unit community in Scottsdale, Ariz., was purchased for $36.2 million.
Newly Built Community in Portland’s North Pearl District Changes Hands
HFF closed the sale of and secured financing for a 243-unit multifamily property in Portland’s North Pearl District.
Philly Mixed-Use Tower Wins $45M in Financing
HFF has secured the financing for the 180-unit community.
The Preserve Adds Luxury Senior Housing to Northern N.J.
The KABR Group and The Pinnacle Cos. are currently leasing pet-friendly residences at the new 55+ luxury apartment community in West Caldwell, N.J.
Marcus & Millichap’s Ontario Office Arranges Sale of Covina Property
Covina’s recent growth in terms of rent rates has spurred investor interest in the area, with the smallest of assets now trading hands.
JPI Cos. Acquires 11 Acres for $11M
The company secured the permit-ready Arizona development site for $39,859 a unit.
Growth Continues to Plod Along, Says Beige Book
Reports from the 12 Federal Reserve Districts suggest that national economic activity continued to expand in late February and March, though the pace of growth varied across districts.