National Multifamily Corp. announced the sale of a 16-unit multifamily portfolio in Bridgeport, Connecticut, for $1.55 million ($96,875 per unit). The portfolio consisted of 33-35 Granfield Avenue (5 units), 43-45 Granfield Avenue (4 units), 330 Palisade Avenue (2...
Guardian, a Portland-headquartered developer, owner, and operator of multifamily properties in the Pacific Northwest, has hired Josh Lloyd as chief operating officer. In his new job, Lloyd will lead the company’s property management operations, overseeing 125...
Fourth Avenue Capital announced its acquisition of two multifamily properties in the Portland metro area. The company acquired 140 Sacramento, a newly constructed Class-A townhome property in Portland that was built in 2023. All units in the project are 3-stories tall...
Three real estate investors pleaded guilty for their roles in a multi-year conspiracy to fraudulently obtain a $74 million loan and a $45 million loan and to fraudulently acquire multifamily properties. Fredrick Schulman, 72, of New York, and Chaim “Eli” Puretz, 29,...
Investment sales in Manhattan commercial real estate reached $5.8 billion over in the first half of this year, according to new data from Ariel Property Advisors. This represented a 14% increase from the second half of 2023. A total of 167 transactions were recorded...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
