Cities
Washington, D.C., Multifamily Report – Fall 2019
Multifamily rents in the metro have picked up since June 2019, after several years of below-trend growth caused a supply surplus.
IPA Expands Orlando Multifamily Sales Team
Three former CBRE executives joined the company as executive managing director, senior managing director and first vice president, respectively.
Morgan Properties Buys Pittsburgh Apartments for $29M
CBRE Capital Markets provided more than $20 million in acquisition financing through Freddie Mac.
Cooper Street Capital Sells Albuquerque Community
The investor traded the 105-unit multifamily asset after less than 18 months of ownership. The property was almost fully occupied as of December.
Lion Real Estate Spends $49M in Suburban Nashville
The 350-unit value-add investment marks the company’s third multifamily buy in the metro in the past 12 months.
Colliers Closes Colorado Springs Value-Add Sale
Bill Morkes and Craig Stack represented the seller of the 200-unit community.
Senior Community Opens Near Philadelphia
Capitol Seniors Housing developed the $28.4 million assisted living and memory care facility in Mount Laurel, N.J.
Kiser Group Closes $18M Multifamily Portfolio Deal
The transaction marked the largest deal by sale price closed in Chicago’s South Shore in 15 years.
Dougherty Mortgage Closes $54M Construction Loan
The financing will be used for the development of Sundance at Settler’s Ridge, a project in Woodbury, Minn.
QUARTERS to Expand Brooklyn Footprint
The two new co-living spaces will come online in early 2020 in the North Williamsburg and Fort Greene neighborhoods.