News

Can You Afford to Live in NYC?

Only nine out of the 139 neighborhoods included in a RentHop study have median asking rents that can be afforded with 35 percent of the area median income.

Affordable

Rhodium Buys 462-Unit CT Portfolio

The Bridgeport portfolio, acquired in partnership with Toronto-based Firm Capital, encompasses a 179-unit community and 13 other apartment buildings across Bridgeport.

Market Rate

Affordable Senior Community Opens in Richmond, IL

The 25-unit community offers one- and two-bedroom apartments for $866 and $1,039, respectively, and is Energy Star Certified.

Slideshow

Regions

Change City

7 Worldwide Buildings Getting New Life as Student Housing

More architects and developers are turning to adaptive reuse as a solution to some of the problems facing the built environment.
International 18 August 2017 19:04
Rainbow Tapped for Phoenix Affordable Community

The company will offer the residents of La Palmilla Apartments free on-site programs once the current owner, Reliant Group Management, completes renovations in mid-2018.
Phoenix 18 August 2017 14:00
PPD Holdings Eyes $111M to Build, Refi

The company received $47 million to refinance a pair of Greater Atlanta communities and awaits final approval of $64 million in construction financing for 464 units in Florida.
Atlanta 18 August 2017 13:21
RADCO Expands GA Footprint With 38th Acquisition

The Atlanta-based developer acquired Ashford 6860, a 260-unit property in Norcross. The $22 million deal marks the company’s eighth purchase in the Gwinnett County submarket.
Atlanta 18 August 2017 11:26
Michigan Ave. Tower Scores $150M Refi

MILA, an upscale 402-unit property in Chicago’s East Loop, was developed by a joint venture led by John Buck Co. Proceeds will refinance the construction loan.
Chicago 18 August 2017 10:36
CBRE Closes Inland Empire Sale

Evart Street Apartments in Montclair, Calif., changed hands for $8.9 million, one of the highest per-square-foot prices for a multifamily property in the area, according to the brokers.
Inland Empire 18 August 2017 08:49
Lena New Boston Breaks Ground on 41 Mixed-Income Units

The $200 million redevelopment of the former Boston State Hospital site entered a new phase, which will include 22 affordable units. The project is part of Olmsted Green, a 42-acre development in the heart of the city.
Boston 17 August 2017 21:17