Cities
Health Care, Technology Drive Growth in Pittsburgh
A recent boost in higher-paying jobs will bolster multifamily demand this year, especially in the metro’s downtown area, which experienced a 24 percent population surge from 2010 to 2017.
Top 10 Communities Under Construction in Central & Northern NJ
The area’s improving economy bolstered multifamily development, resulting in more than 17,000 units being built as of June, as well as an increase in affordable housing units.
Asset Campus to Manage TX Student Housing
The $34 million San Marcos project will feature 510 beds and 32,000 square feet of retail space, with Tiff’s Treats, McAllister’s, Summer Moon Coffee Bar and Blaze Pizza among its tenants.
Geller Associates Sells in the DC Area
Greysteel represented the company in the disposition of Regency Court, a 115-unit property in Suitland, Md.
Wilkinson Grabs Atlanta Multifamily Portfolio
Marquis Investments traded the three Class B communities, which total 456 units in the city’s Brookhaven submarket, for $50 million.
American Landmark Continues NC Expansion
The company has acquired the 339-unit Sterling Town Center in Raleigh and the 312-unit Integra Springs at Kellswater in Charlotte. Both communities will undergo extensive renovations.
3rd Ave Investments Buys Phoenix-Area Asset for $22M
The 276-unit Casa Bellisima is located in Glendale, a submarket with limited inventory but more affordable rents than the urban core.
Walker & Dunlop Secures $20M Loan for Affordable TN Asset
Vice President Rob Rotach secured the financing for the 153-unit Dandridge Towers, an age-restricted asset in southern Nashville, through the HUD program.
On the Market: 5 Interesting Listings for the Week of 8/27
This week’s listings include a transit-oriented project in North Hollywood, a newly constructed luxury community in Des Moines and more.
Development Powers Through in Dallas
In the first half of 2018, roughly 11,500 multifamily units came online in the metro, which boasts the largest pipeline in the U.S.