Regions
Affordable Community Changes Hands in Columbus
The sale of Winchester Lakes involved two loans, one in the amount of $17.7 million and other loan of $3.5 million.
Cleveland’s Crystal Tower Changes Ownership
K&D sold the 268-unit building to Odin Properties in a $6.6 million deal. The purchase involved a $5.8 million loan held by Firstrust Bank.
Public Housing Authorities Find Power in Solar
Municipal owners are taking advantage of this viable source of sustainability, jobs, savings and revenue.
GFI Realty Appoints New Senior Managing Director
An industry professional with more than 20 years of commercial real estate experience, Matthew Sparks will oversee investment sales activity for the company’s multifamily portfolio in New York City.
Work Begins on Partially Affordable SLC Community
Millcreek Station will encompass 70 units. Of those, 56 will target households with incomes ranging from 25 to 50 percent of the area’s median income.
Knoxville Finds a Second Wind
With rents bouncing back to a 4.1 percent year-over-year growth rate as of August, the metro’s multifamily market is in the midst of a resurgence.
287-Unit Project Breaks Ground in South Salt Lake City
The development will replace four office buildings. Castlewood Development intends to finish work on the new multifamily project early 2020.
Vacasa Eyes Urban Short-Term Rental Market
The Portland, Ore.-based vacation rental management company is expanding into the multifamily market, seeking to fill the demand for urban short-term rentals and provide stable revenue for apartment property managers.
Michigan Communities Get $108M in Financing
Berkadia secured acquisition financing from Fannie Mae for two garden-style communities in Wyoming, Mich., and Grandville, Mich., on behalf of Torchlight Investors.
Airbnb Sues Boston Over Short-Term Rental Ordinance
The city’s regulations are seen as an effort to maintain housing affordability, but the apartment-sharing giant fights back.