Business Specialties
How the Hiccup in New York Rents Affects NJ’s Gold Coast
Northern New Jersey’s “Gold Coast,” which offers easy transportation to Manhattan, may have to compete for its spot as supply increases in the five boroughs.
Condo Developments Poised for Return in Chicago
It may be time for large-scale high-rise condo developments to return to Chicago, declares Related Midwest President Curt Bailey, speaking at yesterday’s Marcus & Millichap/IPA Multifamily Forum.
Bronx Boomed in Breakout ’16
Led by the residential sector, investment in New York City’s northernmost borough hit $3.3 billion, a 37 percent year-over-year increase.
Manhattan Luxury Tower Lands $290M in Financing
HFF secured the construction loan for the Upper East Side condominium tower, which developers Ceruzzi Holdings and Kuafu Properties plan to complete in 2019.
Peak Campus, Blue Vista Capital Team Up in 2 College Towns
The developers plan a fall 2018 opening for student housing projects serving Syracuse University and North Carolina State.
JPL Snags Nashville-Area Apartment Project
The 304-unit Villages at Peytona Downs will be part of the master-planned Greensboro Village, which features residential, retail and office space.
Is Overbuilding Threat Overblown?
Speaking at a forum in Chicago, Marcus & Millichap’s John Sebree weighs in on today’s complex market dynamics and how they affect multifamily investment prospects around the country.
Trimark Breaks Ground on $14M Luxury Community
Cascades Luxury Apartments is a $14 million development near the University of Florida. The community is the second ongoing project for the real estate company and it is slated for completion by the middle of 2018.
Meta Housing Wraps Hollywood Project
The $21.6 million community, which also includes about 3,500 square feet of commercial space, will add 40 units of much needed affordable housing to L.A.’s inventory.
Colorado Community Under New Ownership Through HFF
Prior to the sale, the 185-unit, garden-style community was 90.3 percent occupied, according to data provided by Yardi Matrix.