News
Mega-Developments Abound in Philadelphia
Despite a multifamily supply surge in recent years, occupancy in stabilized properties saw only a modest decline of 30 basis points year-over-year in July.
Top 10 States by Multifamily LEED Certifications
California, Texas and Washington hold the top spots for LEED-certified multifamily properties in the U.S. over the past two years.
American Landmark Expands TX Footprint
Legends at Ridgeview Ranch totals 480 units and is located in north Plano. The new owner is planning to invest nearly $4 million in capital improvements.
VA Student Housing Portfolio Changes Hands
The 92-unit communities in the portfolio are located one mile away from Virginia Polytechnic Institute and State University. The owner plans to renovate both the interior and exterior of the properties.
Olympus Property Adds OC Community to Its Portfolio
360 Residential sold the recently completed 280-unit, boutique-style, luxury development located in Irvine, Calif., approximately 3 miles from John Wayne International Airport.
BCB Secures $78M Refi Loan for NYC Portfolio
The six communities are located on Manhattan’s Upper West Side and have undergone $10 million in capital improvements since they were acquired in 2014.
San Francisco Portfolio Sells for $260M
Hunton Andrews Kurth represented the seller, Nahla Capital, in its disposition of 30 assets totaling 400 units.
Ismael Leyva Architects Selected for Flushing Mixed-Use Project
The seven-story building will feature 103 rental apartments, 31 of which will be designated as affordable. The development is slated for completion in late 2019.
Slower Growth Ahead for Nashville
Asking rates are expected to rise more gradually in the face of robust development—mostly comprising upscale projects—with the average rent reaching $1,216 as of August.
Fort Worth Multifamily Community Changes Hands
The property is situated within the 63-acre Waterside mixed-use development and offers quick access to the Arts District and Downtown.