Just 6% of homebuyers would cancel plans to buy if mortgage rates surpassed 5%
Feb23

Just 6% of homebuyers would cancel plans to buy if mortgage rates surpassed 5%

Just 6 percent of prospective homebuyers would halt their home search if mortgage rates rose above 5 percent, according to a late-2017 survey commissioned by Redfin. This represents a modest one-point increase in the portion of buyers who responded this way to a similar survey question in May, revealing that buyers remain unfazed by the prospect of rising mortgage rates. After hovering below 4 percent at the end of 2017, the average...

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MG Properties Group acquires Thorncroft Farms Apartments in Hillsboro
Feb22

MG Properties Group acquires Thorncroft Farms Apartments in Hillsboro

MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of Thorncroft Farms Apartments in Hillsboro, OR. Thorncroft is a 340-unit, garden-style, apartment community built in 1998. The property is located in one of Portland’s most sought-after communities and is situated across the street from Whole Foods, Kaiser Permanente Westside Medical Center, and the Streets of...

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Magnolia Capital enters Chicago market aquiring Vantage Oak Park
Feb22

Magnolia Capital enters Chicago market aquiring Vantage Oak Park

Magnolia Capital has acquired the 270-unit apartment high-rise, Vantage Oak Park, near Chicago, IL. Built in 2016, the asset is the first portfolio property in the Chicago market for Magnolia Capital and sixth acquisition for the growing real estate investment firm. CBRE’s local Chicago office acted as the sales broker for the transaction. This allowed the financing team, led by Brian Eisendrath and Mike Bryant, to leverage...

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Aviva, Mesa’s newest luxury apartment community, opens doors to first residents
Feb21

Aviva, Mesa’s newest luxury apartment community, opens doors to first residents

The first residents are moving in this week at Aviva, the East Valley’s newest luxury apartment community. Leasing has gone very well at the new $63 million property with 325 apartments, which is opening in various phases between now and June. Aviva marries luxury design elements with “green” building features to create the kind of smart, amenity-rich apartment community that today’s renters demand. It is the...

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