Construction Maison

Marcus & Millichap (NYSE: MMI) today announced that its financing subsidiary, Marcus & Millichap Capital Corp . (MMCC), has arranged $35.8 million in refinancing for Aurora Apartments in Charlotte, North Carolina. The loan was structured with an adjustable interest rate over a seven- year term amortized over 30 years. “MMCC has an existing relationship with the borrower who sought our services based on our reputation as a low-cost provider and our ability to execute complex financing transactions flawlessly ,” said Richard Katzenstein, senior vice president and national director, MMCC. “Leveraging our partnership with PGIM Real Estate Finance , we were able to provide a low- cost capital solution with attractive terms well beyond what the borrower was able to find elsewhere in the marketplace. In addition, MMCC’s execution of the loan was one the best the client had experienced.” “This transaction highlights how our proprietary preferred correspondent agreement with PGIM ...

IRVING, Texas , June 14, 2017 /PRNewswire/ -- Dallas Metro's Las Colinas submarket is embarking on the next chapter of its success story. Jefferson Eastshore , a 286-home Class A luxury apartment community has closed financing and started construction, according to experts at JPI, a leader in the development of Class A multi- family housing . The community will feature modern amenities such as conditioned corridors, a rooftop terrace overlooking Lake Carolyn , urban mud rooms , private yards, separate showers, and quartz countertops and is expected to be begin initial occupancy in fall of 2018. " Las Colinas continues to outperform the Dallas Metro submarket," said Matt Brendel , senior vice president and development partner at JPI. "With its access to the best lifestyle amenities the submarket has to offer, we predict Jefferson Eastshore will be extremely su...

BOCA RATON, Fla. , June 7, 2016 /PRNewswire/ -- Mill Creek Residential , a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the acquisition of Emerald Bay Club Apartments , a two-story garden- style community situated in the highly desirable West Boca submarket . Mill Creek will rebrand the community Alister Boca Raton and complete renovations to better meet the expectations of today's luxury apartment residents . The community, featuring 448 apartment homes , will receive interior updates , landscaping improvements and the addition of several resort- style amenities , including a luxury pool and fully equipped fitness center . " Palm Beach County is an extremely attractive location with a strong mix of entertainment ...

COO Richard Roos commented the following regarding the ApartmentRatings.com recognition, "For years we have been focused not just on being a customer experience leader in the Apartment Industry , but also an innovator.  We understand that if we are successful in this pursuit, validation will come from direct feedback from our customers, and Apartmentratings.com is the gold standard in this regard.  Venterra's tremendous 2015 ApartmentRatings.com results are a great tribute to our on-site teams who bring our customer experience vision to life, and many thanks go to them for this achievement.  We look forward to raising the customer experience bar again in 2016." ApartmentRatings.com is the leading apartment review website .  Only 5% of all communities listed on ApartmentRatings.com qualify for the Top Rated award consideration , which makes winning the Top Rated award an exclusive accomplishment.  Wi...