Market Rate Housing - Pittsburgh
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Pittsburgh Community Changes Hands
The 124-unit Class C property was sold for nearly $5 million. The new owner financed the transaction with a $7.5 million acquisition and development loan.
25 October 2018 15:14 -
Top 10 Pittsburgh Apartment Owners
The metro's slow-but-steady economic growth is reflected in an insignificant rise in apartment rents and tepid housing demand, with public authorities making up nearly half of the biggest owners.
06 August 2018 16:42 -
PA Community Receives $9M Freddie Mac Loan
The borrower used the current loan to pay off debt service and prepayment penalty, while also recovering trapped equity, which will be reinvested into the apartment community.
14 March 2018 13:32 -
Beacon Communities Buys NDC, $250M Portfolio
The residential development company now owns National Development Corp. and its 59 properties, most of which are affordable communities. The portfolio is valued at more than $250 million and expands Beacon’s portfolio to 14 states.
02 October 2017 21:01 -
Milhaus Breaks Ground on Pittsburgh Mixed-Use Development
Arsenal 201 will be one of the largest redevelopment projects in the Lawrenceville area of Pittsburgh.
20 October 2016 17:30 -
Milhaus Unveils Arsenal Terminal Redevelopment Plan in Pittsburgh
A 625-unit apartment community proposed by Milhaus Ventures could soon rise in Lawrenceville, one of the largest neighborhoods in Pittsburgh.
04 March 2016 17:53 -
Major Multifamily Projects in Pittsburgh Receive $90M Financing through Huntington Bank
As part of a public-private neighborhood revitalization effort, two major mixed-use apartment developments in Pittsburgh have received a total of $90 million in loans through Huntington Bank’s commercial real estate division.
27 August 2014 21:35 -
Village Green Joins Soffer to Develop New Apartments in Pittsburgh’s SouthSide Works
The Soffer Organization has partnered with Village Green Associates of Detroit to develop a new apartment building in the city’s SouthSide Works. The Pittsburgh Business Times reports that the structure would include between 215 and 262 one- and two-bedroom residences.
05 August 2013 20:52