Regions
WinnCompanies Completes MA Adaptive Reuse
Residences at Mill 10 includes 75 units of mixed-income housing in a 110-year-old former mill building in the western Massachusetts community of Ludlow.
Sacramento Market Maintains Robust Rent Growth
While investment activity has slightly tempered in the city, property values have skyrocketed, boosting average per-unit prices to $160,000. New supply remains limited, as only 900 units will be added to the market in 2017.
Harland Recruits San Diego Manager
A 20-year industry veteran, Al Pesiri will focus on property management for the company’s San Diego rental housing market.
Rental Application Approval Rates Increased in the Last 3 Years
Rental application approvals have been increasing since 2014, according to a recent study by RENTCafé of tenant screening data provided by RentGrow.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for September 2017 in New York City.
PA Community Lands $32M Refi
Managed by Paradigm Properties Group, Deerfield Commons is located in Central Pennsylvania. The loan includes two years of interest-only payments followed by a 30-year amortization schedule.
Jefferson Apartment Group Acquires Suburban Boston Asset
One Upland, in Norwood, Mass., includes 262 units. The property was built by Campanelli and Thorndike Development in 2016.
Work Underway on CA Ventures’ Phoenix Community
The first of three phases of The LINK PHX is a 30-story mixed-use structure that will feature 257 apartments and 7,000 square feet of retail space, half of which will be reserved for start-ups, not-for-profit enterprises and artists.
Top 4 Multifamily Marketing Trends
At NMHC’s OPTECH Conference & Exposition in Las Vegas, executives discussed the current trends in the industry and what property managers should be utilizing to obtain and retain residents.
Detroit’s Slow Acceleration
The metro is on the verge of an economic turnaround, largely due to its broad-based employment growth. This restoration is reflected in the local multifamily market’s improving fundamentals, as well.