News
Alamo Heights Property Changes Hands
The deal brings Jevan’s multifamily portfolio to 18 properties, six of which are in San Antonio. The newly acquired community will be subjected to a significant renovation.
World’s Tallest Residential Building Nabs $1.1B Financing
Upon its completion in 2020, Extell Development Co.’s Central Park Tower will be one of the supertall structures located along the luxurious Billionaires’ Row in Manhattan.
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.
National Asset Services Increases Presence in OH
The company has expanded its nationwide property management portfolio with the addition of 189 condo and apartment units outside Columbus.
Foxford Kicks Off IL Condo Construction
Located in Western Springs, the transit-oriented development will include 28 units, and each include a parking spot in the community’s heated garage.
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.
Development Predictions for 2018
Since coming aboard as managing director of Transwestern Development Company in 2013, Mark Culwell has provided oversight in the execution of the development plan for approved projects. MHN speaks to the executive about what he expects this year.
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.
Allied Orion to Manage 2 AL Properties
The Housing Authority of Birmingham District has tapped the company for Roosevelt City Apartments and Benjamin Green Village. The public-housing communities total 118 units.