Regions
Top 5 Markets for Construction Activity
The five metros on this list account for almost a third of the units under development nationwide, based on Yardi Matrix data.
CBRE Facilitates Sale of Los Angeles-Area Community
In July, CBRE’s brokerage team also arranged the sale of a 72-unit property in Los Angeles’ Koreatown. The community sold for $32.4 million at a 4 percent cap rate.
JV Lands $34M for New Jersey Affordable Luxury Project
Investors Bank originated the loan for the development of a 180-unit community in North Haledon.
MassHousing Provides Affordable Portfolio Loan
Preservation of Affordable Housing received the short-term financing for the purchase and initial rehabilitation of 227 units in Attleboro, Mass.
Aspen Heights Expands Student Housing Portfolio
The company’s newest project will offer 752 beds to students attending Washington State University one mile away.
JV Breaks Ground on Suburban New York Community
NRP Group and RPW Group are developing the 303-unit apartment building on the former location of the tech giant’s headquarters.
Standard Communities Names Mid-Atlantic Managing Director
Matt Sislen joins the company from Audubon Enterprises, an affordable housing advisory firm he co-founded in 2012.
Sares Regis Spends $68M on Southeast Denver Asset
JLL provided a $47.6 million Freddie Mac loan for the acquisition of the 252-unit community.
Brooklyn Multifamily Report – Summer 2020
The borough’s rental segment continues to absorb the effects of New York City’s initial coronavirus wave.
Suburbs Outperform Cities as Renters Relocate: Report
Rent prices in urban city centers are down for the first time in a decade, according to a new report from Marcus & Millichap.