News
Strength of the Inland Empire
Rents continue to grow at a solid rate, thanks to steady job gains as the region’s economic cornerstone, the industrial sector, is surging.
Kennedy Wilson Snags 2 in Salt Lake City for $93M
The firm is planning on initiating its value-add asset management plan on both properties, Santa Fe in Cottonwood Heights and Creekview in Midvale, investing $5.3 million.
Timing a Move Based on Rent Trends
Renters are often at crossroads when choosing the right time to move. To help clarify the decision-making process, RentHop released an analysis of the best and worst months for relocating across 10 U.S. cities.
CBRE Facilitates $42M Financing for Durham-Area Acquisition
Steve Heffner, Nate Sittema and Kristen Reilley from the company’s Charlotte office secured the Fannie Mae loan on behalf of the buyer, Centennial Holding Co.
Economy Watch: Apartment Rents Still Edging Up in Most Cities
Smaller cities continue to see the greatest increases, but major markets like those in California still make up the most expensive cities for renters, according to a recent RentCafé report.
Manhattan Skyline Management Hires New VP
Chris Dell’Armo is the newest vice president of sales, leasing and marketing, bringing more than 10 years of experience in the industry.
Meridian Secures $4M Loan for CT Community
The 40-unit Chapel Street Lofts in New Haven has undergone recent renovations including flooring, kitchen appliances and security system upgrades.
Berkadia Lends a Hand in $21M Atlanta Sale
Managing Directors Paul Vetter and Andrew Mays, Senior Director Judy MacManus and Director Matthew White worked on behalf of the seller, HandyTrac Systems.
Carmel Partners Expands Into NJ
Marking the firm’s first investment in the state, the company purchased Hunters Glen in Plainsboro Township and plans on updating interiors, renovating the exterior and improving amenities.
Napali Acquires 3rd Atlanta Asset
The company plans to invest in structural improvements, in-unit upgrades and property rebranding. Strategic Management Partners will handle operations at the community.