Cities
Affordable Senior Community Changes Hands in Baltimore
BCI Management paid roughly $8 million for the 100-unit property located in the Gwynn Oak submarket.
JV Breaks Ground on Detroit Community
A partnership of The Roxbury Group, Invest Detroit, Capital Impact Partners and the Michigan Economic Development Corp. is spearheading the development.
Brookfield Breaks Ground on $950M Bronx Mega-Project
The development will bring 1,350 apartments to the Harlem River waterfront, starting with a 450-unit first phase now underway.
LMC Breaks Ground on Chicago-Area Community
The eight-story project in Elmhurst, Ill., is expected to welcome its first residents in January 2021.
Atlanta High-Rise Condo Project Gets $105M
McKinley Homes is developing Seven88 West Midtown, a 22-story residential tower rising in the West Midtown neighborhood.
Phoenix Multifamily Report – Fall 2019
The metro’s sustained economic performance and demographic expansion continue to be reflected in its multifamily market.
Savlan Capital Pays $28M for Jacksonville Community
The new owner plans to invest $4.3 million in interior and exterior renovations at the 332-unit property.
Phoenix Property Commands $17M
The buyer received $11.2 million in acquisition financing from Bank of America for the 114-unit asset.
Harbor Group Sells Suburban Atlanta Asset
The Preserve at Mill Creek offers 400 units and underwent a $4 million renovation.
Nashville Multifamily Report – Fall 2019
The city’s strong economic and demographic boom is mirrored by its thriving core, which also boosts the rental sector.