Regions
Nashville Multifamily Report – Winter 2019
Boosted by its creative class, Nashville has emerged over the past decade as among the most desirable places to do business in the U.S. The trend is fueling multifamily rental demand, and developers are bringing new product on line at a record pace.
Nonprofit Breaks Ground on Affordable LA Project
Clifford Beers Housing’s Vistas del Puerto Apartments in Long Beach encompasses 47 apartments for formerly homeless individuals and families as well as residents with chronic health conditions.
HUD Charges Facebook With Housing Discrimination
The government agency says that the social media behemoth violated the Fair Housing Act by discriminating against users through its advertising platform.
Baldwin & Sons Debuts San Diego-Area Community
Alay at Otay Ranch Town Center is situated roughly 20 miles from the city’s downtown, providing proximity to major employers and various entertainment attractions.
Dougherty Mortgage Finances $36M AZ Acquisition
HSL Properties sold the asset seven years after purchasing the luxury community from Arbor Realty Trust for approximately $23 million.
Transactions: April 2019
A selection of noteworthy recent multifamily investment sales and financings from across the U.S.
Salt Lake City Loft Project Breaks Ground
The 195-unit property will include an automated parking structure and will be the first project in Utah to take advantage of the federal Opportunity Zone program.
Angelo Gordon, Glencrest Team on $51M Bay Area Deal
The joint venture bought the 180-unit property in Santa Rosa, Calif., with acquisition financing secured by HFF.
Falcon Pacific Builders Tops Out Queens Project
Developed by the Saab Family LP, the 50-unit mixed-use building in the Astoria neighborhood is on track to be completed by November.
JCM Sells Central Valley Apartments for $22M
Berkadia provided the buyer of the 124-unit multifamily asset with more than $16 million in acquisition financing through Fannie Mae.