Cities
Manhattan Residential Sales Fewer in Number, But Higher in Price
The average price of a condo in New York City was $3.2 million in March, and the average price of a co-op was $1.3 million.
Moinian Group Builds up Manhattan’s Far West Side
The Moinian Group continues its long-term investment in Manhattan’s Hell’s Kitchen with a 165-unit residential project at 572 11th Ave. and a Class A office tower in the Hudson Yards district.
Dougherty Mortgage Closes $9.5M HUD Loan for The Timbers
Dougherty Mortgage has closed a $9.5 million HUD 223(f) PILOT Program loan for the acquisition of a 104-unit multifamily community in Austin.
Last Year’s Largest Apartment Communities Completed in Denver
Developers in Denver added just shy of 3,000 new units to the rental landscape with the construction of 17 new properties over the past year.
Waterton Buys Atlanta Apartment Building for $58M
Waterton plans a capital improvement program to enhance both the residential units and the common areas.
Marcus & Millichap Leads Record Senior Housing Portfolio Sale
Regency Post-Acute Healthcare System completed one of the largest senior housing portfolio sales on record in the state of Texas.
Peak Campus to Manage 587-Bed Student Housing Complex in Minneapolis
DRA Advisors acquired Metro Park East, a community serving students of the University of Minnesota, and appointed Peak Campus to manage the property.
Gaia Real Estate Sells 252-Unit Cypress Commons in Houston
Gaia Real Estate closed the sale of Cypress Commons, a Class A community located in the Champions submarket of Northwest Houston.
Habitat Company Adds 5,000 Units in Alabama, Florida
The additions are in seven communities comprising 3,600 units in Birmingham, Ala., and five properties with almost 1,400 units in Tampa, Fla.
Community Preservation Partners Spends $119M on Affordable Housing
Community Preservation Partners teamed up with Related Affordable to acquire two residential communities in the Bay Area, marking the company’s largest deal to date.