News

MidPen Housing announced it has promoted Ann Goggins Gregory to Chief Operating Officer. MidPen is one of the most trusted nonprofit developers, owners, and managers of high-quality affordable housing in Northern California. Ann first joined...

Empire Group of Companies announces the beginning of vertical construction at Village at San Tan, located on the Southeast corner of Gantzel Road and Combs Road in San Tan Valley, Arizona. “Due to a variety...

Aerwave, a next-generation managed WiFi platform leading the transformation of the connectivity foundation in the multifamily industry, announced it has hired Ed Wolff as its president and chief revenue officer. Along with the appointment...

GW Real Estate Partners, a vertically integrated multifamily construction and development firm, along with joint venture partner Griffin Capital, announce the financing and construction of The Arrowood Charlottesville, a new Class A apartment community...

Decron Properties has acquired Hangar at Thunderbird, a 266-unit gated luxury multifamily community located in Glendale, Arizona for $69 million. Decron acquired Hangar at Thunderbird for $260,000 a unit, far below the average cost of...

The Census Bureau’s new residential construction report for March showed multifamily permits were flat for the month, and that was the relative bright spot. Both multifamily unit starts and completions were sharply lower. The report...

Daniel Management Group, a Chicago-based real estate firm focused on multifamily investment and management, announces new management of Aloft at the Glen Town Center in Glenview, Illinois. “Aloft at the Glen Town Center is an...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 109,157-square-foot portfolio of four buildings located on 140th Street in...

Wingspan Development Group, a national development firm, announced the sale of Sixteen30, a Class A apartment community of 284 units it developed in Plainfield, Illinois, about 40 miles southwest of Chicago. Menomonee Falls, Wis.-based...

MassHousing announced that residents living at the 432-unit Westminster Village Arms in Lowell will have their affordable rents preserved for the long term and see approximately $20 million in property improvements as a result...

Red Oak Capital Holdings, LLC has provided $6.3 million to refinance Laura Street Trio, a collection of assets in the core of Downtown Jacksonville, Florida. The structures, considered to be among the most significant and...

The Frankel Family Trust – a privately-owned, multifamily property developer and owner – came together with Gilbert Mayor Brigette Peterson as well as general contractor CHASSE Building Team and other community and business leaders...

Trilogy Investment Company, a leader in Build-To-Rent (BTR) community development, announces that land development at Rêve at Avondale Station in Avondale, Arizona, is underway. The 107-home BTR community, developed in collaboration with Pinnacle Partners, is...

Avatar Financial Group LLC, a Seattle-based national hard money bridge lender for commercial real estate, has provided $6.5 million in financing for the 154-unit Bellfort Plaza Apartments. The multifamily community is situated in the...

Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024.   Builder confidence in...