Prominence
Waterton Purchases NC Portfolio for $169M
The properties include Ashford Green and The Retreat at McAlpine Creek in Charlotte, Atria at Crabtree Valley in Raleigh, and Audubon Parc in Cary.
Cleveland’s Rent Growth Picks Up the Pace
With demographic contraction moderating and demand improving, rent growth in Cleveland is once again accelerating, at 2.2 percent year-over-year through October 2018.
New Chicago Luxury Tower Sells for $121M
The 265-unit high-rise developed by Moceri + Roszak marks Canada-based Pacific Reach Properties’ first multifamily acquisition in the city.
Praedium Group Buys Dallas-Area Asset
Located in North Arlington, the 353-unit Arlington Commons was completed in 2018 and offers residents access to amenities such as a dog park, swimming pool and wellness center.
Austin’s Demand Meets Completions
Rent growth, which had flattened around mid-year, has picked up steam again in Austin, up 3.4 percent year-over-year through October.
Portland Tower Receives $97M Loan
The 348-unit rental community taking shape in the heart of the city’s CBD is being developed by Alamo Manhattan. HFF arranged the financing on behalf of the developer.
MHN Poll: Investor Prediction
MHN has a new poll! We want to know what type of real estate investor you predict your company will be in 2019.
Transwestern Sells Austin Community
Completed in 2016, the 346-unit property is at the epicenter of new development activity in the city’s popular East Sixth district.
MA Passes Law to Tax, Regulate Short-Term Rentals
The new legislation is aimed at operators like Airbnb, which filed a lawsuit against the city of Boston over its regulations in November.
Jamboree Breaks Ground on Affordable OC Project
Encompassing 75 units, Santa Ana Veterans Village will cater to homeless veterans and their families. The developer estimates the total development costs at $29.7 million.