News
Partnership Brokers $11M Sale of 2 Chicago Affordable Properties
Habitat Co. purchased the 167-unit portfolio from Renaissance Cos. Kiser Group Director Michael D’Agostino and AHIB Managing Director Kyle Shoemaker closed the deal.
Class A Community Breaks Ground in Tampa
The Altman Cos. started construction of Altís Grand Central, a 314-unit apartment community in Tampa. The development aims to achieve LEED certification.
Tallest San Jose Development Breaks Ground
Bayview Development Group’s Miro, a 28-story luxury community, will feature more than 600 residential units. The project is expected to be completed by 2020.
$8M Senior Housing Opens in KY
Dominion Senior Living is opening Dominion Senior Living of Richmond, a new senior living personal care and memory care community in Richmond, Ky., where nurses and caregivers are available 24 hours a day.
Multifamily Rents Chill in October
While the Pacific Northwest is feeling the effects of a nationwide deceleration, Houston is getting back on its feet after Hurricane Harvey.
City Tower Brings Luxury to Downtown Brooklyn
Multi-Housing News recently took a trip to downtown Brooklyn for a tour of The Brodsky Organization’s City Tower. Read on for an inside look at the luxury community.
North American Properties Unveils NJ Mixed-Use Development Plans
Riverton, a 418-acre waterfront redevelopment on the Raritan River in Sayreville will be the largest mixed-use project in the state.
What’s Changing With Family Capital Investment
Family investment firms are making their mark in the multifamily industry. Post Brothers’ Matthew Pestronk weighs in on this trend and the challenges in the industry for companies managing family capital.
Berkadia Arranges $22M for SoCal Community
The company secured a seven-year Freddie Mac acquisition loan for Interstate Equities Corp.’s purchase of the 133-unit Verse La Mesa in La Mesa, Calif.
Raintree Lands $218M Refi for CA Community
Capital One arranged the refinancing for Encasa Apartments, a 465-unit community in Sunnyvale, Calif. The property will receive 10-year, Fannie Mae fixed-rate loans that have 10 years of interest-only payments.