News
Dallas Community Hits the Market
Boyan Radic and Doug Banerjee of Greysteel’s DFW offices will market the two-building, 94-unit asset located 5 miles from Downtown.
Ascend’s Niche 905 Unveiled in Chicago
The 18-story, 202-unit luxury tower featuring an array of lifestyle amenities is located on Near North Side.
Texas, Israeli Investors Snap Up Houston Property
The PPA Group and a private investor have acquired a 236-unit community. PPA plans to renovate the units and upgrade the amenities.
Economy Watch: Multifamily Markets Softening
All four indexes of the NMHC’s quarterly survey were below the breakeven level of 50, indicating that U.S. apartment market conditions are softening despite continued strong demand. New supply is finally catching up, and there seems to be more caution among buyers and lenders, noted NMHC Chief Economist Mark Obrinsky.
Historic Brooklyn Building Up for Grabs
Greysteel’s Michael Stimler and Ari Azarbarzin will market the 10-unit 185 Prospect Park W. The property was constructed in 1920 and is located steps away from the 15th Street-Prospect Park subway station.
HLC Equity Nabs 192-Unit Community in Dallas
The property is located within the Plano Independent School District and offers 64 studios and 128 one-bedroom apartments.
Now Open: 2017 Top Property Managers Survey
Don’t miss out on the chance to participate in the CPE-MHN 2017 Top Property Managers Survey! The resulting ranking of the firms with the best-managed portfolios will be featured in our special CPE-MHN July/August 2017 print issue and prominently featured on our sites.
NorCal 410-Unit Portfolio Trades for $52M
Berkadia brokered the sale and secured $38.9 million in financing for six apartment properties in Chico, Calif.
Enterprise Names New CFO
Sally Hebner has been working for the nonprofit organization for more than 10 years. Most recently, she served as senior vice president.
Bedly Attracts Young Urban Renters
The startup online and mobile platform has raised $2.7 million in venture capital since its early launch in mid-2016.