News
Atlantic | Pacific Companies Expands Portfolio in Atlanta
Miami-based Atlantic | Pacific Companies announced its acquisition of two multifamily communities in Atlanta. The newly closed deals bring A|P’s regional reach to 12 multifamily communities within just three years of opening its Atlanta office.
CPC Helps Keep NYC Community Affordable
With funding through Freddie Mac, Community Preservation Corporation has closed on a $40 million loan for the refinancing of Cathedral Parkway Towers. Refinancing helps prevent otherwise unavoidable rent increases that would have resulted from escalating operating costs at the 309-unit Mitchell-Lama project on West 110th Street in New York City.
Economy Watch: Will the Economy’s Continuing Slow Growth Affect Real Estate Development?
Now that a crummy first quarter, at least in terms of U.S. economic growth, has been verified by the preliminary GDP numbers (up a meager 0.2 percent), attention turns to the second quarter.
High-Tech Luxury Living Launches in the Heart of Philadelphia
The new heart of Center City living is officially open for leasing.
AIM Conference Special Report: Puppy-Powered Lease Up
In a competitive Washington, D.C., multifamily market, WC Smith released a secret weapon to lease up its 2M property in NoMa: an adorable, social media-savvy English bulldog puppy.
Student Apartments in Historic Chicago Structure Trades Hands
JMG Realty Inc. and Empire Square Group have acquired the 482-bed Automatic Loft Apartments in Chicago, a student housing property in the West Loop neighborhood just west of downtown.
TODAY’S DEALS: Portland Micro Unit Asset Lands Mezz Loan
Pembrook Capital Management closes a $6.3 million mezzanine loan; HFF secures $41 million for apartments adjacent to Disney World; and The RADCO Companies acquires an apartment community for $31.2 million.
Honored as a Top Woman in Business: Q&A with Gwyneth Coté, Bell Partners
Bell Partners announced last week that the company’s Chief Operating Officer Gwyneth Coté was named one of the “2015 Women in Business” honorees by the Triad Business Journal. MHN spoke with Coté to learn about her journey through her career and today’s hot trends in the multifamily industry.
Community Wins Award for Use of Modular Construction
Guerdon Modular Buildings has won best-in-show in the Modular Building Institute’s 2015 Awards of Distinction for its Domain Apartments, a five-story, 444-unit luxury townhouse-style community in north San Jose, Calif.
AIM Conference Special Report: Smart Tech Has Arrived
You may not yet use a self-flown drone to showcase the latest drought-tolerant landscaping installed at your apartment community, or add a Nest thermostat to a renter’s monthly invoice as an ancillary service. But according to the future-focused multifamily industry experts at the annual Apartment Internet Marketing conference, the day when you will is just around the corner.