Cities
Friedman Real Estate Facilitates Detroit Transaction
Senior Vice President Steven Silverman, from investment advisory services, and Vice President James Tumey, from urban and brokerage services, represented both parties involved in the sale.
Multifamily Los Angeles Report – Winter 2019
Steady employment growth fueled by a large and diversified economy underpins a robust multifamily demand in the metro. Despite a surge in construction, the average occupancy rate was 96.6 percent as of October.
Historic Chicago Building Receives $53M Loan
The NHP Foundation has commenced renovation on the Mark Twain Hotel. By the end of 2019, the property will encompass 148 affordable units.
Bridge Housing Tops Out $84M Affordable Project in OR
A housing development named for Vera Katz, an inspiring local leader, is nearing completion in Portland. It will offer much-needed rental housing to low-income families and homeless military veterans.
Emma Capital Grows in Indianapolis with $39M Buy
The Toronto-based company expanded its footprint in the city to 1,829 units with the acquisition of two apartment communities in the Washington West submarket.
San Francisco-Area Project Gets $104M in Financing
A joint venture of Prometheus and Legacy Partners secured construction financing for Trestle Apartments, a mixed-use development under construction in San Carlos, Calif.
American Landmark Grows Tampa Portfolio
The company has purchased Carlyle at Crosstown, a 300-unit, garden-style community located in the Clair-Mel City submarket, and will invest $2.3 million in capital improvements.
California Expands Affordable Housing Finance Incentives
The new program aims to incentivize affordable housing development for residents with a mix of incomes.
Central Florida Apartments Command $50M
Cushman & Wakefield facilitated a deal for a 12-building, 383,212-square-foot community in Lakeland, halfway between Orlando and Tampa.
Multifamily Dallas Report – Winter 2019
An accelerating pipeline that brought nearly 75,000 units online since the beginning of 2015 slowly dampened rent growth to 2.1 percent year-over-year as of November 2018.