Industry News

Stay current with the latest news in the income property industry.

Bronx Welcomes New Affordable Housing Complex

Apr 25, 2017

A new affordable apartment complex recently opened its doors to the public in the Bronx, New York. The 68-unit Gouverneur Place Apartments offers a combination of high-quality affordable housing and a wide selection of supportive services for tenants. The project is a partnership between the...

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Student Housing Complex Could Revive Partly Derelict Arcata...

Apr 24, 2017

Today’s student housing news comes from Arcata, California, where a new housing development could provide modern accommodation to around 800 students at Humboldt State. The project will also convert a obscure but centrally situated 11-acre piece of land from industrial to residential use and...

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Berkadia Brokers Sale of Six California Communities for $51.7m

Apr 21, 2017

In breaking multihousing news from California, Berkadia has negotiated the sale of six apartment complexes consisting of a total of 410 units in the city of Chico. The firm also secured the necessary financing. All of the properties are located within a mile of California State University....

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Private Investor Pays $15.5 Million for Indio Community

Apr 20, 2017

In breaking multifamily news from California, The Mogharebi Group (TMG) has finalized the sale of the 311-unit Mountain View Cottages complex on Arabia Street in Indio. The seller received multiple offers, but a private investor from Simi Valley eventually clinched the deal for $15.5 million. TMG...

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Multihousing News from Arizona and Florida

Apr 19, 2017

In the latest multifamily news from Arizona, Marcus & Millichap announced that its Institutional Property Advisors (IPA) division has negotiated the sale of the 408-unit Indigo Creek multihousing complex in Glendale. The sales price was $55.2 million, which equates to well over $135,000 per...

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