News
CBRE Arranges $82M in Acquisition Financing for MD Community
Centennial Holding Co. has acquired Camden Summerfeld, a 478-unit, Class A community in Landover, Md.
Economy Watch: Apartment Market Not Quite the Juggernaut of Recent Years
According to the organization’s Quarterly Survey of Apartment Market Conditions, the surge of supply is finally catching up with persistent demand.
Two Tampa Communities Trade for $27M
Berkadia has facilitated the sale of Newport Villas and Pinetree Apartments, two value-add properties.
Fractured Condo Property in Raleigh Wins Refi
Greystone oversaw the loan refinancing 134 units.
Berkadia Lends a Hand in Central Florida
The company facilitated the sale of the Veridian Townhomes and Savannahs at James Landing communities, both of which were more than 95 percent occupied upon closing.
Product Spotlight: H2O Degree
Submetering and individual building helped helped one Maryland property cut its utility expenses in half.
Lowe Enterprises Gets Artsy with New Downtown LA Community
The 320-unit community named The Garey Bldg. just opened in the heart of the Arts District, offering a strong amenity package and plentiful outdoor spaces.
Detroit’s Blight Removal Program Hits Major Milestone
The program aimed at reviving the city’s neighborhoods translates into an average of 75 houses demolished each week.
Mixed-Use Development Under Way Near U of Iowa
CA Student Living’s new community will offer a 15-story residential tower with 332 fully furnished, market-rate apartments, as well as a 14-story, 151-key Hyatt Place hotel.
Economy Watch: Architects Still Busy, Bodes Well for CRE
The American Institute of Architects’ Architecture Billings Index was positive in June for the fifth consecutive month.