Regions
KTGY-Designed, Mid-Century-Styled CA Property Breaks Ground
Summerhill Apartment Communities’ The Theo, located in Pasadena, addresses its historic surroundings: a 120-year-old cedar tree and the Theodore Parker Lukens House, a 130-year-old Victorian structure.
CIM Sells Manhattan Luxury Tower for $80M
A joint venture purchased the 110-unit Madison Park Tower, a onetime hotel, using a $65 million acquisition loan from affiliates of Square Mile Capital Management.
Priderock Makes Record Buy in Phoenix
The company purchased the 832-unit Heritage at Deer Valley for $125.5 million, the highest price ever paid in Phoenix for a single community.
Knoxville: No Longer in Nashville’s Shadow?
Both investors and developers are actively seeking opportunities in the market, which is expected to add new units at a rate that has not been met since 2011.
Historic Lafayette Park’s First Luxury Community in 40 Years
DuCharme Place is a $45 million multifamily project inspired by architect Mies’ design of Lafayette Park, the historic district near which the community is situated. The 185-unit development was financed through a HUD loan, one of the only sources of financing for the few ground-up housing projects planned in Detroit in the early 2000s.
ARA Leads $38M CO Community Transaction
Previously owned by Jackson Square Properties, the 257-unit community is located in Lakewood, Colo.
Dougherty Closes Cleveland Portfolio Loan
The Fannie Mae loan will refinance six market-rate properties, totaling 238 units. Dougherty’s Minneapolis office arranged the financing for borrower Central Real Estate Holding.
IEC Snags $34M San Diego Property
The company has acquired Verse La Mesa, a 133-unit, value-add multifamily asset in the La Mesa submarket.
Top 10 Markets With the Largest Recent Rent Growth
A look at the cities with the highest percentage of rent growth over the past five years, along with their struggles and successes.
Population Growth Sustains Demand in Nashville
The city is slowly diversifying its economy, venturing from reliance on the entertainment industry. In response to the growing demand, developers are ramping up construction, with more than 13,000 units underway as of July.