The largest U.S. banks remain in the best position to weather further loan performance declines for office and multifamily, two commercial real estate sectors that Fitch Ratings cites as having different trajectories compared to other property types. Although the drop in office…
Cortland has closed its Cortland Enhanced Value Fund, securing $1.5 billion in commitments. The value-add, multifamily fund is meant to capitalize on targets in the Sunbelt and Mountain West. Cortland says approximately one-quarter of the commitments were from foreign investors,…
Anyone who owns property understands the irrefutable fact that insurance costs are on the rise – by a lot. To put this into numbers, the Deloitte Center for Financial Services anticipates that “the average monthly cost of insurance for a…
Interra Realty has brokered the sale of two separate, fully occupied multifamily properties in Chicago. An eight-unit apartment building at 5130 S. Greenwood Ave. in the Hyde Park neighborhood sold for $2.92 million, and a 17-unit rental community at 6251…
Dean Zander has joined Newmark as vice chairman, based in the Century City office. He brings more than three decades of experience in the multifamily sector throughout Southern California, closing transactions valued at more than $11.9 billion across 58,000 units…
Becovic Residential, a Chicago-based multifamily owner and operator, has added two apartment communities to its Edgewater offerings. The Winthrop House, located at 5718 N. Winthrop, was purchased for $10.25 million. The Kenmore Commons property, located at 6134 N. Kenmore, was…
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has listed Pacific Trails Apartments, an 84-unit apartment property located in Covina within the San Gabriel Valley. The price is open bid. “Located close to entertainment and shopping along Arrow Highway and…
CRE experts from the recent Connect Midwest Multifamily conference in Chicago reflected on their experience and the importance of meeting customer needs in business. As the age-old mantra says, “Customer is King,” and student housing is no exception. “They will…
CBRE finalized the sales of two six-unit multifamily properties in San Clemente to individual private investors, resulting in a combined sale price of $5,545,000. EVP Dan Blackwell, first VP Mike O’Neill and associate Amanda Fielder represented both the buyers and…
Detroit, Chicago and Denver have the highest risk scores among the top 25 metro areas for maturing multifamily loans, Kroll Bond Rating Agency (KBRA) said in a new report. KBRA weighed apartment supply and demand metrics from several sources to…
End of content
End of content
