Regions
Transit-Oriented Development Accelerates in Queens
An expanding pipeline and affordability issues are putting pressure on rent growth, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals.
Walker & Dunlop Arranges $15M Loan for Manseau Flats
The Green Bay area multifamily project is slated for completion in October 2018 and will be built using environmentally friendly techniques.
Investors Eye Robust 2018: Capital One
According to the company’s latest survey of 121 industry professionals, the new year will bring investors to search for value outside of urban core markets and get back to being active buyers and sellers.
CIM Snags Apartment Community in Suburban DC
EOS Twenty-One offers 1,180 units across 14 buildings. The asset is part of the Van Dorn Corridor and has undergone recent renovations.
Security Properties Buys $43M Vegas Asset
Martinique Bay received renovations to 91 of its units before being sold off to Security Properties. The company plans to add value to the property by improving the rest of the units and also add exterior upgrades.
Venture West Closes $51M Refi
The company has arranged the loan for two properties, totaling 120 units in Los Angeles. The loan was secured through Banc of California.
CO Apartments Command $58M
Nick Steele, senior associate, and Jacob Steele, first vice president of investments, at Marcus & Millichap represented the buyer of Vistas at Jackson Creek, a 267-unit luxury apartment building in Monument.
ABI Facilitates Sale of AZ Community
The 46-unit community is situated near major employment centers, as well as several schools in Mesa, Ariz. ABI brokered the transaction on behalf of the buyer.
Economy: Senior Housing Returns Beat Most Property Types
Third-quarter 2017 investment returns for NCREIF-reported senior housing assets bested all property types, except for one, according to the National Investment Center for Seniors Housing & Care.
High-Profile Construction Blazes Spark Safety Debate
Not only is the prevention and management of fires a top industry priority, but the scope of these incidents has drawn the attention of code officials, fire safety advocates and the media alike.