Cities
Downtown San Diego Welcomes 250 Affordable Apartments
The grand opening of 250 affordable rental apartments was celebrated with a ribbon-cutting ceremony.
Manhattan’s Newest, Hottest Condo Market Revealed
Manhattan real estate prices are at an all-time high, with a great number of new luxury residences hitting the market each year.
TODAY’S DEALS: Equity Residential Drops $130.2M on Boston Asset
CBRE/New England brokers a Gerding Edlen sale in Boston; Berkadia brokers the sale of a California multifamily property for more than $55.5 million; and Oakwood Worldwide grabs Raleigh corporate apartments.
Atlantic | Pacific Companies Expands Portfolio in Atlanta
Miami-based Atlantic | Pacific Companies announced its acquisition of two multifamily communities in Atlanta. The newly closed deals bring A|P’s regional reach to 12 multifamily communities within just three years of opening its Atlanta office.
High-Tech Luxury Living Launches in the Heart of Philadelphia
The new heart of Center City living is officially open for leasing.
TODAY’S DEALS: Ullico Loan Kicks Off Philly Mixed-Use Development
National Real Estate Development has landed a $141 million construction loan; CIT provides $57.5 million for a Brooklyn waterfront acquisition; and Eagle Group Finance supplies $3.1 million for an assisted living facility.
Rising Multifamily Rents Lure More Investors
As San Diego rents continued their growth through 2014, and are projected to follow a similar upward trend, investors are looking to establish a presence in the market, or cash in on their existing asset while values rise.
Meta Housing Corp. Presents Its First Family Arts Colony
Meta Housing Corp. finalized its first “family arts colony” apartment project in the San Pedro, Calif., neighborhood.
TODAY’S DEALS: Waypoint Grabs Waterfront Apartments in Newport Beach
IPA brokers a $25.5 million sale in Newport Beach, Calif.; Lee & Associates arranges a 32-unit asset in Los Angeles; and Berkadia negotiates the financing and sale of a multifamily property in Greater Phoenix.
New York City’s Housing Plan Outpaces Goals
New York City Mayor Bill de Blasio’s housing plan to create 200,000 units of affordable housing in 10 years is exceeding targets.