Regions
Berkadia Brokers Midwest Portfolio Sale
The four communities are located in Illinois, Indiana and Wisconsin and sold for $41.5 million. Alex Blagojevich, Ralph DePasquale, Chris Bruzas and Parker Stewart represented the seller.
How Can Religious Institutions Ease the Affordable Housing Crisis
MHN spoke with NHPF Vice President of Acquisitions Frank Cerbini, an expert on faith-based partnerships, and Pastor Michael Eaddy from the People’s Church of the Harvest in Chicago, about this solution on the background of America’s affordable housing shortage.
ARA Newmark Hires Brokerage Expert
With almost 20 years of industry experience, Brett Polachek will be responsible for originating and managing multifamily investment sales across Arizona.
Stellar Management Launches Brooklyn Luxury Condo
The company’s first solo ground-up development, the 197-unit, eight-story partially affordable OTTO in Brooklyn, will soon welcome its first residents.
306-Unit Community Trades Near Indianapolis
Tikijian represented the seller, developer and manager of the asset. Flaherty and Collins will take over property management on behalf of the new owner.
Olympus Property Launches 8th Fund
The firm added 869 units to its portfolio with the purchase of Olympus Steelyard in Chandler, Ariz.; Sundance Creek in Midland, Texas; and Sedona Ranch in Odessa, Texas.
Promoting Integration at Mixed-Use, Mixed-Income Communities
Multifamily developers and investors at the 2018 ULI Spring Meeting discussed their solutions and strategies for making mixed-income/mixed-use developments more scalable, as well as the challenges they face along the way.
Demand Shines in Seattle
The metro’s multifamily rent growth continues to outpace the national average, due to healthy demographic trends, steady job gains and escalating household formation.
L5 Investments Buys Suburban Seattle Property for $15M
Montrose Apartment Community in Burien, Wash., includes 97 units, a fitness center, a pool and a playground.
WA Property Lands $11M Freddie Mac Refi
Completed in 2017, The Commons at Innovation Center is part of the Tri-Cities Research District in Richland and comprises 150 units.