Regions
Makepeace, Campanelli to Develop MA Asset
The joint venture is developing the Apartments at Redbrook in Plymouth, a 184-unit community that includes a swimming pool, a fitness center and sub-grade parking.
Economy Watch: Renters Willing to Pay More for Apartment Tech
More than three in four residents said they would pay more a package including the top three smart home amenities—security cameras, keyless entry and smart thermostats—according to a new study from property management software firm Entrata.
HFF Secures $86M Financing for Manhattan Luxury Community
The company arranged the loan on behalf of Joy Construction, Maddd Equities and the family of the late Lewis Katz for the refinancing of The Lewis, a 186-unit luxury building in the growing Hudson Yards neighborhood.
DC-Area Portfolio Trades for $302M
FCP sold 11 communities in St. Charles, Md., to an affiliate of Strata Equity Group, after purchasing the properties in 2009 from American Community Properties Trust.
Strengthening Economy Pushes Growth in Columbus
The city’s multifamily market is finally hitting its stride as rent growth is coming into its own, while the rate of inventory expansion is poised to remain elevated.
ABI Expands Sacramento Team With New VP
With a background in both tech and finance, Tyler Justesen most recently worked as director of marketing at United Capital Investments.
Manhattan Apartment Prices Continue to Drop: Halstead
The median cost has remained unchanged from quarter four of 2017 but dropped 1 percent from the previous year, according to the company’s most recent report.
Capital One Secures $49M Loan for SoCal Manufactured Housing
The company structured a $48.8 million Fannie Mae adjustable-rate mortgage on behalf of Kort & Scott Financial Group for Lincoln Center Mobile Home Park, a 305-unit community in Cypress.
Andover Real Estate, M Group Pick Up MI Asset
The buyers financed the acquisition with a $16 million Fannie Mae Green Rewards loan originated by Hunt Mortgage Group.
Rent Growth Continues in Sacramento
California’s capital city again led the nation in multifamily rent growth in 2017. This year, a surge of 1,100 new apartments is poised to push rates up by a more moderate 7.2 percent.