Cities
Cleveland’s Crystal Tower Changes Ownership
K&D sold the 268-unit building to Odin Properties in a $6.6 million deal. The purchase involved a $5.8 million loan held by Firstrust Bank.
GFI Realty Appoints New Senior Managing Director
An industry professional with more than 20 years of commercial real estate experience, Matthew Sparks will oversee investment sales activity for the company’s multifamily portfolio in New York City.
Work Begins on Partially Affordable SLC Community
Millcreek Station will encompass 70 units. Of those, 56 will target households with incomes ranging from 25 to 50 percent of the area’s median income.
Knoxville Finds a Second Wind
With rents bouncing back to a 4.1 percent year-over-year growth rate as of August, the metro’s multifamily market is in the midst of a resurgence.
287-Unit Project Breaks Ground in South Salt Lake City
The development will replace four office buildings. Castlewood Development intends to finish work on the new multifamily project early 2020.
Top 10 Multifamily Loans Originated in Albuquerque
Heightened multifamily sales activity in the metro during the first three quarters has led to a boost in lending, with several investors securing Fannie Mae and Freddie Mac financing to cover their acquisitions.
Collaborating on Crisis Management
Panelists at NMHC’s 2018 OpTech Conference & Exposition in Orlando discussed the best ways to build a strategy for dealing with different levels of crisis at a community.
Airbnb Sues Boston Over Short-Term Rental Ordinance
The city’s regulations are seen as an effort to maintain housing affordability, but the apartment-sharing giant fights back.
Nashville Is Thirsty for Condos
CA South Development Founder Meg Epstein makes the case for condominiums as a better investment than apartments in the growing metro.
Needs vs. Expectations: What Today’s Renters Want
In partnership with Kingsley Associates, NMHC unveiled the results of its Renter Preferences Report, shedding light on the factors that are most important to today’s multifamily residents.