Cities
Dominium Completes Renovations on MN Affordable Asset
The company invested $9 million on interior, exterior and common-area upgrades to the 176-unit Park Haven.
Lantower Snags Orlando Community
The Oasis at Grande Pines includes 282 units that feature “smart home” systems. Communal amenities include a fitness center, a yoga room and a lake with LED-lit fountains.
Taurus Nabs NC Apartments for $54M
The company plans to renovate the 302-unit Brook Arbor Apartments, located in Cary. Additionally, it intends to work with The Dolben Co. to incorporate select sustainability upgrades and a renewable energy system.
Rents Contract as New Units Come Online in Brooklyn
Brooklyn is seeing an explosive expansion of office-using industries and the tax environment is having a positive effect on multifamily construction and on future affordable housing development.
Top 10 Apartment Owners in Brooklyn
An explosion of new supply and a high cost of living have tempered rents in the area. Based on Yardi Matrix data, MHN compiled a list of the borough’s top owners.
Supply Compresses Rent Growth in Manhattan
Employment growth persisted this year, despite some significant losses in the information and manufacturing industries. Meanwhile, investment activity has started to slow.
BPDA Approves 660-Unit Brighton Development
The approximately 600,000-square-foot project, developed by Cabot, Cabot & Forbes, will include 98 affordable units and 510 parking spaces.
PAC Expands Tampa Luxury Portfolio
The purchase of Overlook at Crosstown Walk was subject to a $22.2 million Fannie Mae loan. The property represents the second and final phase of Crosstown Walk, which the company acquired last year.
DFW WaterWalk Hybrid Property Breaks Ground
The hospitality and residential development comprises 153 hotel and rental units and is scheduled to open by late 2018.
Retirement Community Breaks Ground in Suburban Chicago
The 100-unit property, developed by Senior Lifestyle Corp., will encompass assisted-living apartments and memory care residences and is expected to be completed by the end of 2018.