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Brooklyn Community Lands $92M
Greystone Bassuk arranged the 10-year permanent loan with Union Bank on behalf of The Hudson Cos. for The Parkline, a 254-unit building located in Prospect Lefferts Gardens.
Is Atlanta Approaching a Market Peak?
The metro’s development boom is not slowing down. Multifamily investments and deliveries showed signs of peaking by year-end, as roughly 8,700 units came online as of October 2017.
Boston Community Commands Record-Breaking Price
CLPF Residences at Seaport has acquired Watermark Seaport from Skanska and Twining Properties for $60 million. The deal represents the highest price paid per unit for a multifamily project in the city.
Demographic Expansion Pushes Up Demand in Dallas
Investors remain bullish, as $5 billion in multifamily assets traded in DFW last year. The recent construction surge has come at a cost, as the occupancy rate dropped by 40 basis points to 95.4 percent as of September 2017.
Top 10 Posts from 2017
Miss out on any MHN articles? Catch up with our most popular posts of the year.
JV Completes CA Workforce Housing
Orange Housing Development Corp. and C&C Development have developed Lemon Grove Apartments in Orange, which includes three four-story buildings.
Houston Embarks on Healing Process
The outlook for the multifamily sector will brighten as residents in need of housing absorb the new supply. Rents showed positive growth for the first time in more than a year.
Draper and Kramer Opens St. Louis Apartments
The Flats at EVO include 46 townhomes in Richmond Heights, Mo. This marks the second phase of EVO, which features an adjacent four-story, 281-unit community that opened last year.
Cranes Drive Growth in Las Vegas
Following a silent spell for significant real estate development in the Las Vegas Valley, the market is now flooded with major projects that the construction sector is struggling to deliver.
Top 10 Atlanta Submarkets by Sales Volume
Transactions closed in 2017 across these 10 submarkets alone exceeded $2.2 billion, pointing to another very strong year for multifamily investment in the metro.