News

  • Western Securities Breaks Ground on Phase II of TX Asset

    The 186-unit Mustang Station Apartments in Farmers Branch, Texas, is a transit-oriented development. The second phase include construction of a garage and amenities such as a fitness facility and an arbor.

    South 19 October 2017 15:57
  • Economy Watch: Architects a Little Less Busy in September

    The seven-month streak of steady growth in demand for design services ended in September, with the American Institute of Architects' Architecture Billings Index dipping to 49.1 for the month.

    National 19 October 2017 15:56
  • Berkadia Facilitates $15M Vegas Sale

    Desert Palms North Apartments was built in 1992 and features mixed unit types, ranging in size from 520 to 975 square feet. According to Yardi Matrix data, monthly rent averages at $648.

    Las Vegas 19 October 2017 15:47
  • Prestwick Opens Affordable SC Community

    TD Bank invested $7.8 million in LIHTC equity, in partnership with Enterprise Community Investment, for the development of The Pointe at Blythewood, a 56-unit project northeast of Columbia.

    South 19 October 2017 15:44
  • Queens Nursing Facilities Land $54M Refi

    With a total of 576 units, both properties are part of the SentosaCare network. Greystone provided the HUD-insured mortgage loans for the two highly specialized assets.

    New York 19 October 2017 15:40
  • SoCal Delivering for Investors in San Diego

    The city's multifamily market continues to attract robust investor demand, with transaction activity hot off 2016’s cycle high and already at $1 billion year-to-date through July. The market boasts the fourth-highest occupancy rate among major U.S. metros. As a result, rents were up 4 percent year-over-year as of August, well above the national rate.

    San Diego 19 October 2017 13:59
  • Las Vegas Asset Changes Hands

    Berkadia arranged the sale of Emerald Park Apartment Homes, a 300-unit community. The buyer paid $95 per square foot, a 5.5 percent cap rate.

    Las Vegas 19 October 2017 13:30