Regions
Phoenix Community Trades for $32M
The property, built in 1985, is located in Phoenix’s Metrocenter submarket and was 92 percent occupied as of December, according to Yardi Matrix.
NMHC’s 2019 Apartment Strategies Outlook Conference Coverage
From sessions ranging from an economic outlook and market expectations, to investor obstacles, the conference covered an array of subjects that outline the multifamily market’s future.
Multifamily Brokerage: The Case for Specialization
What can residential agents learn from their commercial counterparts? For one thing, pick a geographic market or price point and get to know it well.
Lion Real Estate Expands Nashville Footprint
The acquisition, valued at more than $13 million, adds 160 units to the firm’s portfolio. The community last changed hands in 1990.
How to Reduce the Cost of Development
At NMHC’s 2019 Apartment Strategies Outlook Conference in San Diego, a group of panelists shared ideas on how to lower development costs through innovation and simplified amenities.
Goldman Sachs Affiliate Acquires Portland-Area Asset
The 240-unit community located in Camas, Wash., marks Goldman Sachs Asset Management Private Real Estate’s 23rd multifamily investment in the U.S.
LA Community Sells for $26M
An institutional investment fund purchased Morton Gardens, a 66-unit community in the city’s Echo Park neighborhood.
Multifamily Brooklyn Report – Winter 2019
Despite a significant rise in deliveries, rents for Lifestyle units grew 3.4 percent and the occupancy rate stayed at 98.1 percent, among the highest in the U.S.
Nautilus Buys Community in Chicago’s Hyde Park
Interra Realty facilitated the $6 million transaction. Joe Smazal worked on behalf of the seller, while Ted Stratman and Jeremy Morton represented the buyer.
Former MA Dormitory Turns Into Affordable Community
Kennedy Hall at Cardinal Cushing Center found new life as the 37-unit Bethany Apartments. NEI General Contracting, The Architectural Team and Horsley Witten Group were part of the project.