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Chicago Multifamily Report – Winter 2019
Rent growth in the metro continued to accelerate and reached 3.2 percent year-over-year as of January, due to increasing demand, particularly for Lifestyle units.
Greystone Launches Leasing at Miami-Area Luxury Community
RKW Residential is the leasing agent for The Aura, a 100-unit mixed-use property in Coral Gables, Fla. CBRE was selected to lease the retail portion of the building.
Detroit Multifamily Report – Winter 2019
Demand is steady in Detroit, bolstered by household formation and job gains. Drawn by the metro’s low entry costs and attractive yields, investors are targeting assets with a value-add component.
New York City Luxury Tower Gets $215M Refi
The 450-unit residential building, the tallest tower in Queens, opened in 2017 and was developed by Heatherwood Luxury Rentals.
$124M Salt Lake City Project Starts Construction
A joint venture between The Domain Cos. and Giv Development broke ground on The Exchange, a mixed-use development with 412 residential units and more than 14,000 square feet of retail space.
Friedkin Realty Group Buys 2 Long Island Communities for $151M
The purchase of The Allure and Hudson House in Mineola marks the highest price per unit achieved in Nassau County.
Podcast: ULI’s Christopher Ptomey on Affordable Housing
The new head of the Terwilliger Center for Housing discusses the organization’s efforts to lower the barriers to building multifamily units for low- and moderate-income families.
European JV Closes $396M Student Housing Fund
A joint venture between Europa Capital and Generation Student held a first close after raising $132 million in new capital for the U.K.-focused fund.
CBRE Arranges $700M Refi for National Portfolio
The nine Class A+ assets in the Modera collection are owned by a partnership of Rockwood Capital Corp. and Mill Creek Residential.
Colliers International Handles $70M Sale of AZ Property
P.B. Bell sold Laguna Village, a 31-building Class B community in Chandler, to Bridge Acquisitions. The new owner will complete the modernization of the property to increase the asset’s market value.