Cities
Upscale Demand Boosts Rent Growth in Richmond
After trailing the U.S. average throughout the current cycle, the metro’s rent growth reached 2.6 percent as of December, bucking the national trend during 2017’s fourth quarter.
Peak Campus Lands Chicago Management
The 240-bed, high-rise student community in the heart of the city’s South Loop neighborhood sits immediately adjacent to East West University.
Pinnacle Chosen to Manage Denver Luxury Community
TIAA acquired the 1,184-unit, garden-style property in 2005, for more than $175 million. The Highlands Ranch asset is located two miles west of Interstate 25.
Top 10 Dallas Completions of 2017
More than 17,000 units came online over the past year, as the metro continues to attract both domestic and foreign investors.
Timberland Grows in Twin Cities, Obtains $50M Loan
The company will add one more community to its Twin Cities portfolio of nine properties. The new construction will be adjacent to the planned METRO Green Line Extension.
Walker & Dunlop Provides Financing for Dallas Property
The company supplied a Fannie Mae Green Rewards loan for Las Terrazas, a 230-unit community that features tennis courts, a pool and a picnic area.
Samuels & Associates, Landsea Debut Boston Luxury Tower
Designed by Arquitectonica, Pierce Boston features 240 apartments, 109 condos and 20,000 square feet of ground-floor retail and dining.
San Diego Remains a Landlord’s Market
Demand continues to be healthy in the area, sustained by demographic expansion and a sluggish pipeline. Rent growth ended 2017 at 4.6 percent, nearly double the U.S. average.
Golub & Co., USAA Buy Chicago’s Century Tower
The joint venture plans to renovate the historic building and transform the existing 292 condominiums into luxury apartments.
Shopoff Sells Brookside Mobile Home Park for $73M
The company has traded the 45-acre manufactured housing community in El Monte, Calif. as an off-market transaction.