Cities
Top 10 Chicago Multifamily Transactions in 2017
Although relatively quiet for a gateway market during the first half of 2017, the city’s apartment sector picked up in the second half of the year, marked by several $100 million-plus transactions.
Kidder Mathews Hires New SVP in Phoenix
Karl Abert has more than 25 years of real estate experience. In his new role, he will be in charge of coordinating investment brokerage, banking and structured loans.
NYC Community Secures $155M Refi
RB Apartments’ Riverbank West, a 43-story high-rise in Manhattan’s Midtown West near the Hudson Yards development, includes a clubroom, a media lounge and a dining terrace.
Resource Real Estate Grabs Atlanta Property
The 324-unit asset, situated in the city’s northwestern suburbs, includes a mix of one- to three-bedroom apartments across nine buildings.
Columbia City Condos to Break Ground This Summer
BDR Urban LLC is planning to complete the 96-unit Sonata Condominiums project in southern Seattle by the end of 2019.
Alliance Residential Starts Work on Charlotte Development
The company broke ground on Broadstone Bryant Park, a 345-unit property that is its first project in the city.
Pittsburgh’s Growth Spurt
Although underperforming against the U.S. average, the city’s multifamily market has stayed relatively stable.
CIBC Provides $25M Construction Loan for Ft. Lauderdale Tower
Slated for delivery in 2020, the 46-level building known as 100 Las Olas is already one month ahead of schedule and projected to be the tallest of its kind in the city.
Audubon Enters Raleigh-Durham Market
The company acquired and rebranded a 501-unit Durham community and plans to invest $5 million in capital improvements.
E&M Management Buys 2 NY Properties
The two communities, located in Port Ewen and Kingston, traded for $44 million. The purchase was funded with a $33 million loan.