News

EPC to Develop 292 Units in TX

RED Development has sold an 11-acre parcel in Denton, to be developed into luxury apartments called The Village at Rayzor Ranch.

Finance & Investment

PAC to Invest $18M in NC Multifamily Asset

The aggregate loan will be used by Oxford Properties to develop a 338-unit community in Charlotte. The investment comes with an option for PAC to acquire the asset following stabilization for a convenient sum.

Market Rate

Denver’s Largest Luxury Community Opens

Designed by Solomon Cordwell Buenz, Country Club Towers II and III offer 552 units across 1 million square feet of space. The community comprises studio, one- and two-bedroom floorplans, plus penthouses.

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Regions

Change City

Coldwell Banker Acquires McMullen Real Estate

The Chicago-area brokeragefi rm is the third to join Coldwell Banker in the past three months, following the acquisitions of Groebe Real Estate and Chicagoland Realty Services.
Chicago 22 August 2017 15:42
Economy Watch: Cost of Rent a Challenge Across Generations

Of the Millennials and Baby Boomers who rent, 46.5 percent and 49 percent, respectively, spend more than 30 percent of their income on housing costs, according to a new report by ABODO.
National 22 August 2017 15:36
Maplewood Debuts Cape Cod Assisted Living, Memory Care Community

The 75-unit property is part of the Maplewood at Mayflower Place campus, a full-service continuing care retirement community in West Yarmouth, Mass.
Northeast 22 August 2017 14:51
ClearWorth Deepens Houston Footprint With Portfolio Buy

The company acquired two communities, totaling 549 units, in the Clear Lake submarket and plans to renovate both properties extensively.
Houston 22 August 2017 14:02
Supportive Housing Coming to Brooklyn

Comunilife and NYC Health + Hospitals broke ground on a $28 million, 89-unit community that will provide housing to low-income residents and individuals with behavioral health issues.
New York 22 August 2017 13:57
Electra America Snags Fourth Tampa Community

Starwood Capital sold Northgreen at Carrollwood, a 438-unit luxury asset. Berkadia’s South Florida and Philadelphia teams arranged a $39.8 million Freddie Mac loan.
Tampa 22 August 2017 11:40
Green Bridge Closes Bulk Cleveland Apartment Sale

Investment Group purchased the assets for $2.9 million. The 90-unit portfolio will undergo a renovation process, estimated to cost between $100,000 and $300,000.
Cleveland 21 August 2017 20:26