News
Pittsburgh’s Growth Spurt
Although underperforming against the U.S. average, the city’s multifamily market has stayed relatively stable.
CIBC Provides $25M Construction Loan for Ft. Lauderdale Tower
Slated for delivery in 2020, the 46-level building known as 100 Las Olas is already one month ahead of schedule and projected to be the tallest of its kind in the city.
Audubon Enters Raleigh-Durham Market
The company acquired and rebranded a 501-unit Durham community and plans to invest $5 million in capital improvements.
E&M Management Buys 2 NY Properties
The two communities, located in Port Ewen and Kingston, traded for $44 million. The purchase was funded with a $33 million loan.
Gebroe-Hammer Arranges $26M Sale in Bethlehem, PA
The townhome community comprises two-, three- and four-bedroom units and is located near the city’s historic center, as well as several large employers.
Arcan Capital Picks Up Atlanta-Area Apartments
The 102-unit community, situated approximately 14 miles from Atlanta’s urban core, will undergo more than $2 million in renovations.
Wolff Sells Garden-Style WA Community
CBRE’s Northwest Multifamily Institutional Investment team marketed the sale of the 176-unit Badger Mountain Ranch community, located on the southern side of Richland.
The Appeal of Boutique Condo Living in Bay Harbour Islands
Mark Pordes, CEO of Pordes Residential, discusses the attractiveness of the area’s luxury condo market and how the company’s 101 Bay Harbor development fits into the scenery.
DevMar Secures $36M for FL Community
The Vantage in St. Petersburg will include 211 units, as well as a rooftop pool, a fitness center and a yoga room.
Leisure Care to Manage MO Senior Housing
The Landing of O’Fallon will provide 79 assisted living apartments, in addition to 55 private and neighbor suites for memory care.