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CBRE to Boost UK Multifamily Presence
By taking over Telford Homes, the company will expand Trammell Crow’s real estate development business into the United Kingdom’s budding build-to-rent housing market.
$1B Bay Area Development Hits Construction Milestone
The development team, which includes two Trammell Crow companies, broke ground on the 68-acre redevelopment of a former Naval Air Station in Alameda, Calif., in March of last year.
Austin Multifamily Report – Summer 2019
Despite the more than 23,000 units underway in the metro as of April, developers are struggling to keep up with soaring demand.
Brooklyn Mixed-Income Tower Lands $178M Loan
Completed in 2018, the 26-story community received the new financing through the New York State Housing Finance Agency’s 80/20 Housing Program. Rose Associates and Benenson Capital Partners are the developers.
JV Buys $365M Community in LA
The 350-unit property in the Westwood neighborhood also features 50,000 square feet of retail space. The acquisition was financed by a $160 million loan.
Leveraging Resident Feedback to Enhance NOI
Can net operating income be significantly improved with good customer service? Property managers and owners explored that compelling topic last week at the National Apartment Association’s Apartmentalize conference in Denver.
Queens Multifamily Report – Summer 2019
The borough’s rents increased just 0.6 percent year-over-year through April, partially due to New York City’s pressing affordability issues and regulatory uncertainty.
American Landmark, RSE Capital Snag $247M Portfolio
The partnership acquired a total of 1,848 residential units across the Dallas-Fort Worth and Nashville metro areas in an off-market deal.
In Case You Missed It: MHN’s Top 5 Posts in June
Miss any of our articles? Catch up with five of our most popular posts for the month.
WashREIT Wraps Up $461M Portfolio Buy
The REIT has closed on the $82 million purchase of two communities in the suburbs of Washington, D.C., totaling 428 units. The deal is the second tranche of a larger seven-property transaction.