Category: News

PONTE VEDRA, FL – Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Reserve at Nocatee, a 244-unit luxury multifamily community in Ponte Vedra, Florida, for $54.9 million. The Reserve at Nocatee is the first multifamily community with…
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Nearly 8 in 10 establishments in the U.S., employing nearly half of the country’s workers, falls into the category of “small business.” This is why one of the CARE measures funds an SBA loan program that provides loans and encourages businesses to retain their workers during the coronavirus pandemic.

      In-person tours of multifamily properties have likely slowed to a trickle or stopped due to the COVID-19 pandemic. But, that doesn’t mean leasing has to grind to a halt. Now is the time to beef up your virtual tour options and use live video, pre-recorded and self-guided tours to your advantage.   …
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February 2020 Pending Home Sales Pending home sales data showed that February’s pending home sales pace rose 2.4% last month and increased 9.4% from a year ago. By:  Michael Hyman

Savings from Refinancing, by County See how much the monthly mortgage payment changes when rates drop from 4.0% (May 2019) to 3.5% (February 2020) and 3.0%. By:  Nadia Evangelou Financing & Credit, Mortgage Financing

CHATTANOOGA, TN – Mission Rock Residential is continuing its eastern regional growth, announcing a new management contract for Bluebird Row Apartments in Chattanooga, Tennessee. The company has been issued an agreement for the management of the community by Bay Area-based multifamily investor Hamilton Zanze Real Estate Investments. “We couldn’t be more excited to have this…
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Each of the four major regions saw an increase in month-over-month contract activity, as well as growth in year-over-year pending home sales transactions compared to one year ago.

BEND, OR – Security Properties and a university endowment purchased Outlook at Pilot Butte, a 205-unit, Class-A multifamily community located in Bend, OR for $52,000,000. This is Security Properties’ third acquisition in the Bend market. Outlook at Pilot Butte is conveniently located on Bend’s eastside just a five minute drive from Downtown. The property is…
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I often think of the economy as a metaphorical set of pipes with money (the “water”) flowing through them. Recessions typically happen when the pipes “clog,” causing the water to flow well below its normal pressure. Governments have to respond, taking actions to “unclog” those pipes to get the “water” flowing again. But the recession…
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BOWIE, MD – Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, announced that financial close has been reached on a public-private partnership (P3) project at Bowie State University to deliver an on-campus housing community that will also feature an entrepreneurship center designed to house University-run…
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