Cities
Investors Stay Bullish, Rent Growth Slows in Baltimore
Although fueled by demand for live-work-play communities and an ongoing urban development surge, the city’s multifamily market fundamentals continue to lag behind the national trend.
Chicago Makes Room for More Growth
The metro continued to attract companies looking to relocate or expand, producing job gains in high-paying sectors, including financial activities. The city was slated to add some 9,000 multifamily units to its inventory in 2017, marking a post-recession high.
Capstone Grows TX Management Presence
The company adds another four properties with a total of 512 units to its portfolio.
Vegas Assets Trade for $115M
LivCor purchased Broadstone Flamingo West and Broadstone Talavera, which comprise a total of 674 units and are located in the eastern part of the metropolitan area.
Allied Orion Group to Manage Houston Affordable Housing
The community, located in Crosby, Texas, and currently undergoing renovations, contains 86 units and five buildings.
Mortar Arch + Dev Nabs Brooklyn Development Site
The developer plans to begin work on a new, five-story condo development at the Greenpoint site, beginning in the winter of 2018.
Supply Catches Up With Demand in Austin
The Texas capital boasts a strong economic and population growth, maintaining a steady demand for multifamily, despite the temporary surge in supply.
Presidium, Partners Group Close $210M Recap
The two companies signed a $210 million recapitalization deal for a portfolio comprising eight assets, one of which is under construction.
PGIM Adds to St. Louis Office
Richard Orf will fill the deputy chief underwriter position, while Tiffany Baymiller will be the new closing manager for the firm’s Federal Housing Administration lending program.
G&L Brings Luxury to Miami’s Design District
One Bay Residences, the company’s first luxury project in the U.S., brings a whole new living experience to the area. Nicolas Guzman spoke to MHN about the development’s unique features.