Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton
Mexican Developer Secures $313M for Investment Vehicle
Gran Ciudad Group will expand its multifamily rental portfolio with equity commitments from Canadian investor Ivanhoé Cambridge and pension fund manager Citibanamex Afore.
Online Reviews Still Play Major Role for Renters
The vast majority of American renters look at a property’s online ratings even after a recommendation, according to a survey by reputation management company Binary Fountain.
Skanska Sells DC Project to Northwestern Mutual
The firm sold RESA, a 326-unit luxury residential community and part of a mixed-use development, for approximately $141 million.
Carter Multifamily Buys $84M Georgia Portfolio
The firm picked up 810 residential units across six apartment communities in the Savannah metro area. Carter plans to renovate the properties and upgrade common areas.
Google to Invest $1B in Bay Area Housing
The company is the latest tech giant to pledge big bucks toward the housing crisis. The firm wants to build 20,000 units, a quarter of which would be affordable.
FCP Buys Philly High-Rise for $118M
The 286-unit community is FCP’s fourth acquisition of a Class A property in Philadelphia’s Center City. Also included is a potential development site.
Orange County Development Commands $101M
The Santa Ana community is a transit-oriented project about 9 miles from Disneyland that is still under construction by LaTerra Development.
Dire Warnings Follow New York’s Rent Control Overhaul
Ahead of a looming expiration date for state rent-regulation laws, legislators reached an agreement that many predict will be a severe blow to the real estate industry.
Boston-Area Community Commands $227M
An affiliate of the DSF Group has acquired the 1,020-unit multifamily property, located in Framingham, from LivCor. The rental community is spread across 27 acres.
LMC Closes $1.3B Multifamily Fund
The subsidiary of Lennar Corp. announced the final closing of the equity fund, which targets investments in Class A communities across the country.