News

Midtown Detroit Gets New Mixed-Income Community

Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.

Market Rate

HFO Sets Record With OR Sale

The $40.5 million sale establishes a new record as the largest dollar figure in history for a Springfield multifamily property transaction.

Finance & Investment

Shorenstein Nabs Manhattan Luxury Community for $57M

HFF brokered the sale and arranged $31 million in financing for the 54-unit, recently renovated apartment building located in Manhattan’s East Village neighborhood.

Luxury

Regions

Change City

JV Brings Luxury Living to Jersey City

Hartz Mountain Industries and Panepinto Properties developed the LEED Silver-certified TOD, which includes 13 stories and 240 units. The community is already 40 percent leased.
New York 26 June 2017 14:54
Luxury Community Opens Doors in Charleston Area

Woodfield Investments is the owner of The Passage, a 240-unit asset in Summerville, S.C. CF Real Estate Services will manage the property.
South 26 June 2017 14:17
Batson-Cook Breaks Ground on 180-Unit FL Student Housing Development

The $54 million project, developed by a joint venture including Kayne Anderson Real Estate Advisors, is expected to come online in the summer of 2018.
Miami 26 June 2017 13:45
Overbuilding in Richmond?

Following several years of strong supply, the area's multifamily market is shifting down a gear. With almost 20,000 units in the pipeline, the metro is at risk of overbuilding.
Richmond 26 June 2017 13:16
RADCO Acquires 6th Tampa Community

Newly renamed Sunstone Palms, the 536-unit community will be the beneficiary of nearly $8 million worth of capital improvements.
Tampa 26 June 2017 10:41
Design Trend Update with Home Depot’s Sarah Fishburne

The home improvement supply retailer's design and trend director spoke with MHN at the National Apartment Association's Education Conference & Exposition in Atlanta to explain how design choices reflect changing lifestyle patterns.
Atlanta 23 June 2017 23:27
New Solutions Spark Alternative Energy Advances

Renewable energy is alive and well in California, according to industry panelists at Realcomm 2017 and management at the solar powered Solterra EcoLuxury Apartments.
San Diego 23 June 2017 18:43