Regions
Landlords File Lawsuit Challenging New Rent Laws
As expected, a group of landlords and two trade groups filed a federal lawsuit alleging that the new rent laws in New York violate the Constitution.
Orange County Property Commands $98M
A private investor scooped up the 264-unit, Class A asset in Santa Ana, Calif. Built in 2016 by Lyon Living and Integral Communities, the multifamily property includes 10 affordable units.
Baltimore Warehouse to Become Apartments
The Mid-Atlantic Multifamily Group of Transwestern Commercial Services has been named the exclusive advisor for the adaptive-reuse project which could see more than 140 units created in the historic brick building.
Portland Multifamily Report – Summer 2019
Due to a combination of peak development and weakening employment gains, year-over-year multifamily rent growth in the metro decelerated to 1.2 percent.
Chicago Luxury Community Breaks Ground
The 188-unit transit-oriented development located in the city’s River West neighborhood is slated for completion in 2020.
CBRE Hires New SVP in Philly
Sam Zell joins the firm from Buligo Capital Partners. In his new role, he will work with the company’s multifamily capital markets team.
NKF Facilitates $36M Sacramento Sale
Managing Director Zachary LeBeouf and Senior Managing Director Anthony Pappageorge worked on behalf of the buyer. The transaction was a 1031 exchange.
MHN Poll: Investment Influences
MHN has a new poll! We want to know which of the following factors is most likely to influence investment during the second half of 2019.
Strawberry Fields Pays $15M for IL Skilled Nursing Facility
The current tenant of Landmark of Des Plaines, which leased the property at the beginning of 2018, will continue to operate under its 10-year lease.
Senior Housing Construction Flags as Occupancy Hits 8-Year Low
Independent living and assisted living facilities were on average 87.8 percent occupied in the second quarter, according to a new report by the National Investment Center for Seniors Housing & Care.