Raleigh, North Carolina

Wilmington, North Carolina

Globe Street – Multifamily

  • Bergen County Lands More Than $12M in Fed Affordable Housing Funds
    on August 20, 2019 at 1:31 pm

    Bergen County secured more than half of the HUD funds at $9,078,076 in Community Development Block Grants, another $2,625,823 in federal HOME funding and another $771,935 in Energy Solution Grant funding.      &nbs […]

  • Claremont-Cypress JV Secure Construction Financing for Englewood Multifamily Project
    on August 20, 2019 at 1:02 pm

    The Class A project, a 220-unit multifamily development, is being built on 2.54 acres at 40 Bennett Road directly across from MacKay Park. Due for completion in 2020, the transit-oriented community offers access to Interstate 95, Route 4 and the Palisades Interstate Parkway.      &nbs […]

  • Viewing Affordable Housing Through a Multi-Dimensional Lens
    on August 20, 2019 at 12:35 pm

    Adaptive reuse projects will make up a greater percentage of investment activity than self-storage and other non-core property types by 2023      &nbs […]

  • The Firestone to Become San Jose's Largest Development
    on August 20, 2019 at 9:02 am

    Groundbreaking is imminent on a mixed-use project located at 477 S. Market St. in the SoFA District after $67 million in debt and equity were recently secured for its development by NorthMarq Capital.      &nbs […]

  • Tempe Apartments Sell for Nearly $60M
    on August 20, 2019 at 9:00 am

    Acacia Capital Corp. buys the 244-unit San Marquis apartments in Tempe for $58.5 million.      &nbs […]

  • Bascom Refinances 11-Property Portfolio
    on August 20, 2019 at 9:00 am

    The firm secures $235 million to refinance multifamily properties spanning five states.      &nbs […]

  • 290-Acre Development Site Trades in Arizona
    on August 20, 2019 at 9:00 am

    AREAD Management Inc. and Varde Partners purchase the development site in San Tan Valley.      &nbs […]

  • JPI Secures $80M for Development in South Gate
    on August 20, 2019 at 9:00 am

    The developer plans Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate, California.      &nbs […]

  • Port Aransas Soon to Roll Out First Conference Center
    on August 20, 2019 at 3:00 am

    The town is gearing up to welcome visitors with new tourism developments, including a new beachfront/bayfront marina and resort, and the destination's first conference center and hotel.      &nbs […]

  • SoCal Renters Head to Inland Empire
    on August 19, 2019 at 7:00 pm

    The Inland Empire, and specifically Riverside, is attracting Los Angeles and Orange County residents with lower cost rents.      &nbs […]

  • PEEK Development Finishes Fundraise for Two QOZ Projects in Orange
    on August 19, 2019 at 12:32 pm

    PEEK Reock I QOF, LLC and PEEK Reock II QOF, LLC are set to break ground next year on two separate apartment-rental properties of 50 and 118 apartment-home units, respectively, within the city's Reock Street Redevelopment Area. The combined development cost for the two projects is approximately $45 million.      &nbs […]

  • ConnectOne Bancorp to Buy Bancorp of NJ in $113M Deal
    on August 19, 2019 at 11:44 am

    The merger if finalized would strengthen ConnectOne's scale and competitive position in the New York metro market and as one of New Jersey's largest independent banks. Bancorp of New Jersey will add approximately $800 million of deposits and loans to ConnectOne.      &nbs […]

  • Illinois Investing Big in Broadband for Rebuild Illinois Program
    on August 19, 2019 at 11:20 am

    The Rebuild Illinois initiative, passed and signed into law in June 2019, dedicates $400 million to partnering with Internet service providers to build 21st century infrastructure connecting communities across the state to high-speed Internet.      &nbs […]

  • Need for Affordable Housing Grows Rapidly in Phoenix
    on August 19, 2019 at 9:00 am

    The rise in commercial real estate investment in Phoenix has created a growing need for affordable housing in the Downtown market.      &nbs […]

  • Multifamily Mansions Hit Los Angeles
    on August 19, 2019 at 9:00 am

    Los Angeles is known for sprawling estates, but a new project is bringing vertical mansion-style living to the market.      &nbs […]

  • Private Investor Buys Pasadena Condo-Mapped Site
    on August 19, 2019 at 9:00 am

    The 23-unit, condo-mapped complex in Pasadena sold for $380,000 per unit.      &nbs […]

  • Transit-Oriented Asset to Get Upgrades with New Owner
    on August 19, 2019 at 9:00 am

    As transit-oriented living becomes increasingly mainstream, housing near light rail gets more attention from investors such as Waterbury Park Apartments, purchased for $56 million by RISE and Aegon Real Assets.      &nbs […]

  • It's Time for the Next Chapter of Moishe Mana's Downtown Miami Plan. Will He Succeed?
    on August 16, 2019 at 1:00 pm

    Developer Moishe Mana is the biggest property owner in downtown Miami, where he wants to open the 'Silicon Valley of Latin America'. It's more than a real estate project, he says. It's a vision for a way of life. Mana sat down with the Daily Business Review to talk about his plan. Watch the video here.      &nbs […]

  • NJ Transit Looks to Continue to Partner on TOD Projects
    on August 16, 2019 at 12:03 pm

    NJ TRANSIT has identified additional opportunities for similar TOD projects in Bordentown, Bound Brook, Camden, Hoboken, Trenton, and other communities throughout the Garden State.      &nbs […]

  • Marcus & Millichap Says Condo Deconversion Not Dead in Chicago
    on August 16, 2019 at 11:32 am

    “Despite talk of a deconversion slowdown, and Chicago's proposed ordinance to increase the required approval rate to prevent hostile' deconversions, we believe the trend will continue as long as investor appetite for multifamily remains strong and people prefer to live in apartments, Stengle says.      &nbs […]

For information on the various roles of real estate brokers, please download a copy of the brochure entitled “Working with Real Estate Agents”. If you are a potential Buyer or Seller and this is the first contact with our firm, we are required by the North Carolina Real Estate Commission to review this brochure with you at the first opportunity and answer any questions you may have. Please contact Richard Cotton at 910-431-7986 or by email at rcotton@mra-apartments.com for more information.