Another hit to owners: The costs of owning apartment buildings keep rising
Owning an apartment building? It's getting more expensive, a challenge that multifamily owners should expect to face throughout the rest of 2024.
Multifamily
Capstone Companies closes $1.85 million sale of Indianapolis apartment community
Capstone Companies closed the sale of the Oxford Terrace Apartments in Indianapolis. Now renamed City Vista Apartments, the 40-unit garden-style community was constructed in 1986…
Kiser Group closes $7.23 million condo deconversion sale in Chicago’s Lakeview neighborhood
Kiser Group negotiated the off-market closing of a $7.23 million condominium deconversion sale in the Lakeview neighborhood of Chicago on March 20. Senior Director Andy…
CBRE closes sale of 124-unit multifamily project in Maple Grove
CBRE has arranged the sale of Avery Park, a 124-unit build-to-rent multifamily project in Maple Grove, Minnesota, consisting of 42 detached homes averaging 2,262 square…
NRP Group celebrates opening of 330-unit mixed-income housing development in Austin
In partnership with the Housing Authority of the City of Austin, The NRP Group celebrated the grand-opening of The Markson, a 330-unit mixed-income housing development in Austin, Texas’,…
Triton Realty Group negotiates sale of courtyard apartment building in Chicago’s Edgewater neighborhood
After a 45-year hold, a 26-unit courtyard apartment building in Chicago's Edgewater neighborhood has traded hands. The property at 1436-40 W. Thorndale sold for $3.45…
Berkadia closes sale of 334-unit multifamily property in St. Louis
Berkadia brokered the sale of Crossing at Northpointe, a 334-unit garden-style multifamily property in St. Louis. Managing Directors Andrea Kendrick and Ken Aston and Senior…
Gen Zers? They spend more than $140,000 on rent by the time they hit their 30s
By the time they hit age 30, the average member of Generation Z will have spent $145,000 on apartment rent.
Bernard Financial Group closes $4.8 million loan for for Southfield multifamily property
Bernard Financial Group closed a $4.8 million permanent life insurance company loan for a 129-unit multifamily property in Southfield, Michigan. The borrower is Claymoor Properties…
Construction starts on Velocity mixed-use development in Austin
A major mixed-use project in southeast Austin, Texas, Velocity, has broken ground on its first phase of development: the area’s first urban-style apartment community. Austin…