Market Rate
CoreLogic: Foreclosures Decline as Economy Improves
The national foreclosure inventory was at its lowest level in February 2016, driven by an improving economy and wage gains.
The Habitat Co. Expands Significantly in Southeast Multifamily Market
The multifamily developer and property manager has added more than 5,000 units in Alabam and Florida to its national portfolio.
Crown Bay, Adams Investor Group Close on 240-Unit Multifamily Asset in Atlanta Metro
Crown Bay Group acquired the now re-branded Hairston Woods Apartments in DeKalb County, marking the company’s fourth acquisition in the Atlanta area.
Stepp Commercial Leads $17M Sale of L.A.-Area Apartment Portfolio
Increased investor interest in the Long Beach submarket continues with the $17.3 million sale of a three-property apartment portfolio arranged by Stepp Commercial.
Hunt Mortgage Group Closes $11M Refi Loan for Texas City 304-Unit Community
The 304-unit Lakeview Apartments community received $11 million in refinancing facilitated by Hunt Mortgage Group.
G.H. Palmer Renaissance Collection Debuts Phase II at DaVinci
The DaVinci Apartments in downtown Los Angeles is opening up Phase II this spring, with pre-leasing already available.
George Smith Partners Snags $30M For L.A. Development
The investment banking firm secured $30 million in bridge financing for 3.5 acres of land for multifamily development and a 68,834-square-foot office building in Hollywood, Calif.
CBRE/New England Arranges Financing for 252-Unit Property Near Boston
The 252-unit Cabot Crossing, owned by Taurus Investment Holdings and PhilMor Real Estate Investments, was built in 1986 and last traded hands mid-2013 for $20.25 million.
Cedar Grove Capital, ROSS Take Over Chesterfield Apartments
Cedar Grove Capital has acquired Chesterfield Apartments in Winston-Salem, N.C., tapping ROSS Management Services to manage the property and help upgrade the community.
Champion Buys Village Green Hills Apartments in Nashville
An 82-unit multifamily community in Nashville was sold for $22.5 million to Los Angeles-based Champion Real Estate Co.