Cities
Alamo Heights Property Changes Hands
The deal brings Jevan’s multifamily portfolio to 18 properties, six of which are in San Antonio. The newly acquired community will be subjected to a significant renovation.
World’s Tallest Residential Building Nabs $1.1B Financing
Upon its completion in 2020, Extell Development Co.’s Central Park Tower will be one of the supertall structures located along the luxurious Billionaires’ Row in Manhattan.
Is Atlanta Approaching a Market Peak?
The metro’s development boom is not slowing down. Multifamily investments and deliveries showed signs of peaking by year-end, as roughly 8,700 units came online as of October 2017.
National Asset Services Increases Presence in OH
The company has expanded its nationwide property management portfolio with the addition of 189 condo and apartment units outside Columbus.
Boston Community Commands Record-Breaking Price
CLPF Residences at Seaport has acquired Watermark Seaport from Skanska and Twining Properties for $60 million. The deal represents the highest price paid per unit for a multifamily project in the city.
Demographic Expansion Pushes Up Demand in Dallas
Investors remain bullish, as $5 billion in multifamily assets traded in DFW last year. The recent construction surge has come at a cost, as the occupancy rate dropped by 40 basis points to 95.4 percent as of September 2017.
Top 10 Posts from 2017
Miss out on any MHN articles? Catch up with our most popular posts of the year.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for November 2017 in New York City.
Colliers Closes $27M Seattle Sale
Citywalk Apartments is a 102-unit property in the city’s Northgate neighborhood. Built in 1987, the community includes four residential buildings and a clubhouse.
Houston Embarks on Healing Process
The outlook for the multifamily sector will brighten as residents in need of housing absorb the new supply. Rents showed positive growth for the first time in more than a year.