Cities
Oil Prices, Supply Still Influence Market in Houston
The city’s apartment market continues to struggle as oil prices remain below $50 a barrel with little prospect that they will rise soon.
XFD Unveils IL Student Housing Community
In partnership with Lewis & Clark Real Estate, the company debuted the 428-bed, mixed-use 212 East, located in Champaign, Ill. The community will serve the students of the University of Illinois.
Tourism’s Power a Draw in Orlando
The city’s multifamily market is thriving due to healthy tourism, above-trend population gains and a rapidly growing economy.
The Priciest Zip Codes in Texas
Apartment search portal RentCafe ranked the 50 most expensive Zip Codes in Texas. Guess which one took the top spot?
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for July 2017 in New York City.
Legacy Partners Adds New VP to Denver Office
Mike Holt was previously the regional manager of BH Management. In his new role, he will oversee and expand the company’s Denver portfolio, which encompasses more than 2,400 units.
Monogram Expands MA Footprint With Boston Buy
The company acquired The Washingtons, a 182-unit community in Melrose, Mass. JLL’s capital markets team brokered the deal.
Greysteel Brokers Sale of DC Regenesis Portfolio
The five affordable properties include 482 units. President & CEO Ari Firoozabadi, Managing Director Kyle Tangney and Senior Investment Associate Alicia Orkisz arranged the transaction.
Construction Begins on Cleveland Affordable Housing
Detroit Shoreway Community Development Organization is starting work on Aspen Place, a development in the Cleveland EcoVillage. The company plans to achieve a near-50 percent reduction in energy demand compared to minimum requirements.
JV Scores 2 AZ Properties
Modern Residential and Henley USA have acquired the 265-unit Sonoma Villas in Mesa and the 216-unit Sonoma Pines in Peoria.