BWE, a national commercial and multifamily mortgage banking company, has secured $19,750,000 in acquisition financing for a 326-unit low-rise apartment portfolio in Clinton Township, Michigan, part of the Detroit metropolitan area. Adam Gould, senior vice president in BWE’s Detroit office,…
Marquette Companies has completed The Thompson at Fulton Market, a 210-unit mixed-use apartment building at 150 N. Ashland Avenue, on the former Mary Thompson Hospital site in Chicago’s Fulton Market neighborhood. Named for Dr. Mary Thompson, Chicago’s first female doctor…
Paul Proano of Coldwell Banker Commercial and Heather Schweitzer, of Premier Commercial Realty joined together and have successfully marketed and sold the newly constructed 24-unit Haber Pointe Senior Luxury Apartments located at 401 Haber Road in Cary, Illinois. The 24,177-square-foot…
Renter application fraud has become a growing nuisance for apartment owners like Camden Property Trust, as more and more tenants provide fake documents to sign a lease and never pay rent, banking on a lengthy eviction process and lax enforcement. …
As rent growth declines and new construction progresses, oversupply is a hot topic in the multifamily industry. Now, fresh data shows the impact of elevated supply could fall heaviest on the high-end properties that make up the bulk of scheduled new deliveries….
WashREIT is transitioning into a multifamily-only REIT with massive deals to sell its office and retail portfolios. Bisnow/Jon Banister WashREIT CEO Paul McDermott and Boston Properties’ Senior Executive Vice President Ray Ritchey at Bisnow’s 2018 D.C. State of the Market…
Investment capital ebbs and flows into commercial real estate, according to the economy and a multitude of other factors. During 2020, capital aligned itself with new investor priorities, especially as they looked for office and apartment assets. Investment volume as…
A prolific Charleston multifamily developer is spearheading its first project in Atlanta. Courtesy of Middle Street Partners Rendering for BeltLine & Boulevard, a new apartment project that broke ground in February in Grant Park. Middle Street Partners has broken ground…
Courtesy of J.J. Smith J.J. Smith and his wife, Julia Smith Downtown luxury apartment buildings have taken a beating from the coronavirus pandemic this year, but middle-class and workforce housing in the suburbs has fared better, and CRG, the development arm of Chicago-based Clayco, said…
Hunt Real Estate Capital provided two Freddie Mac conventional loans totaling $18.3 million to refinance two multifamily properties located in Michigan for the same sponsor, ROCO Real Estate LLC. Both loans have a 10-year term with a 30-year amortization period. “The borrower is a repeat…
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