Regions
Philadelphia Multifamily Report – Fall 2019
Rents in the metro rose 3.7 percent year-over-year through August, outpacing the 3.3 percent U.S. rate.
Seattle Senior Project Targets a Green First
Scheduled for completion in spring 2021, Aegis Living Lake Union will be the first assisted living community to achieve an elite international green status certification.
GSA, Harrison Street Buy London Student Housing Tower
The companies formed a joint venture to acquire and renovate The Curve, a 350-bed property serving four major universities.
Vacant Office Property Sells in Orange County
The 65,000-square-foot property in Orange, Calif., will be transformed into a senior housing facility. NAI Capital represented both seller and buyer in the deal.
Morgan Properties Wraps 18,000-Unit Portfolio Buy
The firm picked up the 80-property portfolio from unrelated seller Morgan Communities, whose leader was indicted earlier this year on federal fraud and money laundering charges.
CBRE Closes Value-Add Sale in Denver
First Vice President Robert Bratley represented the seller in the $6.1 million deal.
Sacramento Community Commands $16M
The 130-unit Regency Apartments traded to a Bay Area-based private investor. The acquisition was financed with nearly $13 million.
Manhattan Multifamily Report – Fall 2019
The borough’s year-over-year rent growth of 3.5 percent as of August surpassed the U.S. figure for the first time in many years.
Colliers International Facilitates $103M Sale in Richmond
The Class A community is located in West Creek, one of the city’s most popular neighborhoods that is home to several Fortune 500 companies.
San Jose Community Lands $330M Loan
Z&L Properties Inc. is developing a two-tower, 640-unit luxury condo project in the downtown area.