Cities
Led By Dayton, Ohio Again Tops Trulia’s Ranking of Affordable Housing Markets
Trulia released a report showing that Ohio was home to some of the nation’s most affordable housing markets for the middle class.
TODAY’S DEALS: A Canadian Investment Group Picks Up Austin Apartments from Greystar
ARA brokers a 355-unit sale in Austin; Griffis Residential acquires 512 units in Austin; and Oak Grove Capital arranges a $10-million forward commitment for a public housing redevelopment in the business district of Tampa, Fla.
TODAY’S DEALS: Greystone Closes $43.7M Affordable Transaction in Alabama
Greystone has closed a $43.7 million affordable housing transaction in Alabama; NorthMarq secures $103.7 million for a Texas portfolio; and Berkadia structures $55 million for the construction of a multifamily property located in a master-planned community.
Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market
The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors.
Jersey City’s Multifamily Boom: Q&A with Mayor Steven Fulop
Jersey City currently has 5,000 residential units under construction with another 18,000 that have been planned or approved. MHN recently had the chance to catch up with Mayor Steven Fulop to get the scoop on Jersey City’s multifamily boom.
Harlem’s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building
A development team is breathing new life into the dilapidated Public School 186 building, one of Harlem’s architectural beauties that has been sitting vacant for nearly four decades.
SPECIAL REPORT: The Case for Queens
Everyone is trying to get a piece of Queens these days. A panel at Massey Knakal’s Multifamily Summit explains why.
TODAY’S DEALS: HFF Closes $80M Sale of Iconic Downtown Miami Development Site
HFF announced that it has closed the $80 million sale of a two-acre development site on Biscayne Boulevard.
Crescent’s $700M Multifamily Portfolio Sale Includes Three New Triangle Apartment Communities
Crescent Communities has announced plans to sell a portfolio of nine new apartment communities in North Carolina, Florida and Georgia, for a total of approximately $700 million.
Downtown Dadeland Signs New Retail Tenants
Downtown Dadeland has recently completed 33,000 square feet of new leases at its retail component. Five new tenants will join soon according to the new owners of the property.