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Philly’s Tallest Residential Tower Lands $295M Loan
Southern Land Co. is building the 48-story project, which will offer a combination of luxury rental units and condominiums, along Rittenhouse Square.
California’s Apartment Industry Eyes Wildfire Recovery Plan
As wildfire season approaches, state legislators are considering a comprehensive package, including a fund that would help keep utilities financially stable after major fires.
Online Reviews Still Play Major Role for Renters
The vast majority of American renters look at a property’s online ratings even after a recommendation, according to a survey by reputation management company Binary Fountain.
Charlotte Multifamily Report – Summer 2019
Despite a strong wave of deliveries over the past five years, the metro’s rents increased by 3.4 percent year-over-year, well above the national average.
Atlanta Multifamily Report – Summer 2019
The metro’s quality of life, relative affordability and strong potential for rent growth continue to support the multifamily pipeline.
CBRE Pays $102M for Nashville Community
The firm selected Greystar to oversee operations at the 367-unit Class A multifamily asset in The Gulch. The property opened its doors in 2018.
Real Estate Gives Back: Stephen Rosenberg Shares Half
While building his multi-billion housing finance firm, Greystone’s CEO has been donating a minimum of 50 percent of the company’s profits.
NYC Moves Forward on $82M Affordable Project
Developed by Bronx Pro Group and backed by city, state and federal funding, the 12-story community will offer 154 units and supportive services for income-challenged seniors.
Skanska Sells DC Project to Northwestern Mutual
The firm sold RESA, a 326-unit luxury residential community and part of a mixed-use development, for approximately $141 million.
Fort Lauderdale Luxury Tower Lands $140M Refi
SunTrust Banks Inc. originated the Freddie Mac loan. Built in 2017 by Related Group, Rabina Properties and Perella Weinberg Partners, Icon Las Olas provides 272 apartment units.