Author

Channing Hamilton

Michael McNeill
DevelopmentMarket ReportsMassachusettsNortheast

How Boston Has Evaded Oversupply

by Channing Hamilton

No matter how drastically the national economy fluctuates, Boston’s multifamily market, supported by an educated workforce, hardly wavers. Supply and demand are rarely that far from equilibrium, given the tightness of the residential housing market and the hurdles facing multifamily developers.  Consequently, rent growth is dependable, and modest vacancy rates are the norm. Never as flashy as New York City or San Francisco — or such relative newcomers as Austin and San Jose — Boston is sometimes overlooked, but it has long been one of the top multifamily markets in …

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Shubhra Jha
From the MagazinesIndianaMarket ReportsMidwest

‘Steady Eddie’ Reputation of Indianapolis is Well-Deserved

by Channing Hamilton

With a new presidential administration comes new policies and new economic uncertainties. But trying times such as these are no match for the consistency of the Indianapolis multifamily market. The metropolitan area’s “steady eddie” performance and resiliency during the tumultuous period of the COVID-19 pandemic has proven its staying power. Population, Job Growth Signal New Opportunities Metro Indianapolis, with a population base of 2.2 million people, experienced a sizeable population increase over the past four years. The metro area added more than 85,000 people during that period, with a good mix …

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James Love
FeaturesFrom the MagazinesOperationsTechnology

Three Ways the Pandemic Changed Leasing for the Better

by Channing Hamilton

Looking at the multifamily industry today, it’s easy to forget that many of our current best practices were born of necessity five years ago, when the COVID-19 pandemic introduced phrases like “stay-at-home orders” and “social distancing.” As challenging as those times were, some of the adjustments we made ended up reshaping our business for the better. Nearly every aspect of multifamily has examples of these positive pandemic pivots.  Here are the three I consider the most significant in the realm of marketing, leasing and how we interact with prospects. 1. …

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FinanceIllinoisMidwestNews

Essex Capital Markets Arranges Refinancing for Six-Unit Chicago Asset

by Channing Hamilton

CHICAGO — Essex Capital Markets has arranged a refinancing for six-unit property located at 2216 West 21st Place in Chicago’s Pilsen neighborhood. The financing package includes a $795,000 fixed-rate bank loan with a 5-year term. Quinn Keenan of Essex Capital Markets arranged the loan on behalf of a local private investor. The property offers two-bedroom floor plans. The building underwent a significant renovation in 2023, including new kitchens and updated bathrooms.

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Briarwood Apartments
Colorado

Pinnacle Brokers Sale of 60-Unit Briarwood Apartments in Pueblo, Colorado

by Channing Hamilton

PUEBLO, COLO. — Pinnacle Real Estate Advisors has negotiated the $5.5 million sale of Briarwood Apartments, a community located at 2026 Carlee Drive in Pueblo, about 43 miles south of Colorado Springs, Colorado. The property features 60 apartments, as well as an on-site manager house and workshop. Briarwood Apartments ofers 30 one-bedroom units and 30 two-bedroom units. Chris Knowlton of Pinnacle brokered the deal on behalf of both the undisclosed seller and undisclosed buyer.

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FinanceNewsTexas

BMC Capital Arranges $67.6 Million in Financing for Metro Austin Property

by Channing Hamilton

AUSTIN, TEXAS — BMC Capital has arranged $67.6 million in financing for a 300-unit project located in the greater Austin area. The name and address of the garden-style property, which was built in 2024, were not disclosed. The financing consists of a $53.5 million senior bridge loan and a $14.1 million preferred equity investment. Noah Laredo led the BMC Capital team on the placement of the financing, the debt component of which was structured with a three-year term and a 97 percent loan-to-cost ratio. The names of the direct lender, …

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DevelopmentNew JerseyNewsNortheast

Joint Venture Underway on 50-Unit Development in Guttenberg, New Jersey

by Channing Hamilton

GUTTENBERG, N.J. — A joint venture consisting of Black Bear Asset Management, Bettina Equities Management and Echevarria Industries is underway on construction for a 50-unit development in Guttenberg, located across the Hudson River from Manhattan. The site is located at 416 69th St. Once completed, the asset will rise seven stories. Planned amenities include a rooftop terrace, solarium lounge, fitness center, indoor garage parking with electric vehicle charging stations and a community center with grills and entertainment space. Completion is slated for 2028.

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21 Hollywood
DevelopmentFloridaNewsSoutheast

Starlife Group Launches Vertical Construction for 13-Story Project in Hollywood, Florida

by Channing Hamilton

HOLLYWOOD, FLA. — Starlife Group has launched vertical construction on 21 Hollywood, a 13-story mixed-use project located in Hollywood, roughly 20 miles north of Miami, Florida. The complex will feature 200 apartments and 10,000 square feet of ground floor retail space. Amenities will include a business center, coworking spaces, private conference room and a fitness center with a dedicated yoga and Pilates room. Residents will also have access to a children’s play area, dog park and dog spa, dual cinemas and an 85-foot infinity pool that serves as the centerpiece …

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Unnamed community in Austin
DevelopmentFinanceNewsTexas

EMBREY Receives Construction Financing for 344-Unit Project in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — EMBREY has received financing for the construction of a 344-unit project in Austin. Texas-based Frost Bank provided the financing. The community will feature studio, one- and two-bedroom apartments. The first units are scheduled for delivery in the second quarter of 2027, with full completion slated for the second quarter of 2028. Residents will have access to a rooftop pool deck and clubhouse, fitness center, resident lounge with coworking facilities, game room, “grab and go” market, courtyard with a fireplace, outdoor kitchens, gaming lawns and a water feature. …

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3541-3535 Big Dalton Ave.
CaliforniaInvestment SalesNewsWestern

Big Dalton Purchases 24-Unit Community in Baldwin Park, California

by Channing Hamilton

BALDWIN PARK, CALIF. — Big Dalton LLC has acquired a 24-unit property located at 3541-3545 Big Dalton Ave. in Baldwin Park, about 17 miles east of Los Angeles. HP Big Dalton sold the asset for $6.3 million. Eric Chen and Justino Fa’aola of CBRE represented the buyer and seller in the deal. The community features two-bedroom residences, with roughly 50 percent of units designated as single-story bungalows. Units feature quartz countertops, vinyl and carpeted flooring, wall-mounted AC units, select kitchen appliances, in-unit washer and dryer and private or shared patios.

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