Laramar Group: Record-low vacancy rates mean a good second half of 2022 for multifamily
Resilient. That's how a new report from The Laramar Group describes the multifamily market across the nation and the Midwest.
Multifamily
$71.55M in financing secured for Chicago-area multi-housing property
JLL Capital Markets announced that it has arranged the $71.55 million financing for a 500-unit, garden-style multi-housing property located within the Chicago MSA. JLL worked on…
Colliers Mortgage closes $7.3 million HUD 221(d)(4) loan for Avenue at Sycamore Park in Fort Worth
Jeff Rogers of the Fort Worth, Texas office of Colliers Mortgage closed a $7.3 million HUD 221(d)(4) loan for the new construction financing of Avenue…
Berkadia arranges sale and financing of garden-style apartment community in Houston
Berkadia announces it has arranged the sale and financing of Timberwalk, a 300-unit apartment community located in Houston. Managing Directors Chris Young and Joey Rippel,…
Berkadia arranges sale and financing of workforce housing in Houston
Berkadia has arranged the sale and financing of Bridgewater Apartments, a 206-unit garden-style, workforce housing community in Tomball, Texas. Managing Directors Joey Rippel and Chris…
Jonathan Rose Companies and POAH acquire Jackson Park Terrace, preserving critical affordable housing in Chicago’s Woodlawn neighborhood
In a $25 million purchase that guarantees the preservation of more than 300 affordable apartments in east Woodlawn, across the street from the future Obama…
RJM Construction developing second Duffey Lot project in Minneapolis
Following the recent grand opening of The Duffey on Washington Avenue in Minneapolis’s North Loop neighborhood, RJM Construction has started a $171 million second development,…
Berkadia closes $45 million refinance for 827-unit apartment community in Memphis
Berkadia has arranged the $45 million recapitalization of Residences at Lakeview, an 827-unit apartment community in Memphis, Tennessee. Senior Managing Director Mitch Sinberg, Managing Directors…
Northmarq provides $41 million in financing for student housing property in Minnesota
Andy Finn, senior vice president in Northmarq’s Minneapolis-based debt/equity office, arranged for $41.61 million in financing for The Grove at Mankato. The 524-unit student housing…
Kraus-Anderson completes construction on $38.6 million multifamily project in St. Paul
Kraus-Anderson Development Company has completed construction on MODA on Raymond, a six-story, $38.6 million multi-housing project at University and Raymond in St. Paul, Minnesota. The…