Cities
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.
CRC Nabs $80M Buckhead Community
Millworks was completed earlier this year and its location facilitates residents’ access to employment opportunities, transit and education. The transaction represents a value-add investment for the company.
Inland Real Estate Lends a Hand in Colorado Sale
The brokers arranged the $36.1 million deal on behalf of an Inland affiliate. Landbank Investments was the seller.
Opus Completes 2nd Missouri Luxury Community
The 120-unit Ceylon Luxury Apartments is located in Clayton and joins the recently completed Citizen Park. Smoothie King will be the community’s first retail tenant.