Cities
Development Boom Tempers Rent Growth in Chicago
The city has seen costs moderate, in keeping with the nation as a whole, and features a bifurcation between luxury and working-class units.
JVM Brings Improvements to IL Property
The Aventine at Oakhurst North, a 464-unit community in Aurora, Ill., features an entirely renovated clubhouse. Several other interior and exterior upgrades are underway.
DFW Community Changes Hands
A local partnership sold The Bristols Apartments, a market-rate multifamily property in Hurst, Texas. The new owner plans to renovate the 94-unit community.
Capital One Closes $12M HUD Loan for Portland Skilled Nursing Facility
The financing proceeds will refinance a comprehensive renovation program of the 128-bed property in Gresham, Ore.
West Side Chicago Welcomes New Affordable Housing
Harvest Homes will offer 36 two-, three- and four-bedroom units located at one contiguous site in East Garfield, Chicago. The total development cost was $12 million.
Ensemble Breaks Ground on Downtown Long Beach Community
Sonata Modern Flats features 112 units alongside a 605-foot-long elevated pedestrian walkway designed as a linear park.
LIVEbe Makes Donation to Rebuild Together Baltimore
The donation was made at an event that honored contest winner Bill King at 2Hopkins, a 183-unit, high-rise apartment in Downtown Balitmore developed by the company.
CBRE Acquires $51M Denver Asset
The Class A property is located adjacent to 500,000-square-foot retail redevelopment Gardens on Havana and is in close proximity to downtown Denver and Denver Tech Center.
VA Community Sells for $115M
An affiliate of Pantzer Properties acquired a 576-unit community located roughly 30 miles from downtown D.C. The company will rename the asset The Point at Manassas.
Grosvenor Launches Pre-Leasing at DC-Area Community
Central is a 231,589-square-foot mixed-use development site that will offer 243 residential rental units above 15,080 square feet of ground-floor retail space.