Regions
Boston Luxury Property Gets $294M
Cronin Development is moving forward with construction of the 22-story, 144-condo project, The St. Regis Residences, Boston, and expects it to be completed by 2020.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in September 2018 in New York City.
JV Launches Sales at NYC Condo
Tamarkin Co. and CL Investment Group’s 13-unit building on the Upper West Side was previously a private school.
West Hollywood Community Trades in All-Cash Deal
CBRE arranged the sale of a 24-unit property located approximately 9 miles from downtown Los Angeles. The brokerage company represented both the buyer and the seller in the deal.
New Supply Matches Lifestyle Demand in Orange County
Multifamily developers are focusing on expensive submarkets, including West Irvine and Anaheim–Central, while transaction activity is slowing in the context of rising property values.
Rent Growth Rebounds in Boston
The metro’s multifamily development pipeline remains steady, yet demand is once again outpacing supply. Monthly rates rose 2.9 percent year-over-year.
Luxury Denver Community Receives $50M Loan
BMC Investments is developing its new luxury brand, the St. Paul Collection. The first phase, finished in June, totals 81 units and 11,000 square feet of retail.
Griffin-American Healthcare Expands MO Portfolio
The REIT added eight skilled nursing facilities in the St. Louis-area to the five assets it acquired last year. The cost of the acquisition was $88.2 million.
LMC Launches Leasing at CA Community
Located in the Southern California seaside town of Carlsbad, the 278-unit Marisol features smart home technology and offers a range of amenities.
Drucker + Falk Buys 396-Unit Hampton Roads Asset
Federal Capital Partners sold the Newport News community for $46.7 million after a 7-year holding period. The new owner is planning on implementing several upgrades.