Prominence
Rent Deceleration Continues in San Francisco
The metro’s economy is strong and market indicators reflect continued growth, albeit at a slower pace than a couple of years ago. As supply continues to catch up with demand, Yardi Matrix expects rents to rise 0.8 percent in 2017.
Suburban Denver TOD Sells for $95M
Wolff Co. sold the 360-unit 8000 Uptown Apartments in Broomfield, Colo., for $264,000 per unit. The property is 96 percent occupied.
AL Apartments Command $21M
Hamilton Point investments has acquired the 240-unit Woodside in Mobile. Cushman & Wakefield represented the seller, Equity Research Partners.
FCI Boca Raton Luxury Project Plan Nears Completion
Dubbed Camino Square, the 350-unit community will comprise two buildings. The development is set to replace the rundown shopping center.
Fourmidable Secures Management Deals for Ohio Communities
The company will run several Section 8, tax credit and public housing communities throughout the state. The properties total 395 units.
Winds of Change Buffet Chicago Multifamily
At the Lincoln Park Builders of Chicago Real Estate Forum, panelists shared insights on what’s next for the city’s development market.
From Mall to Mixed-Use
Encore Capital Management has started construction on Plantation Walk in Plantation, Fla. Formerly Plantation Fashion Mall, the project is one of the largest currently planned in Broward County.
The Warner Center Brings 2 Luxury Projects to LA
The buildings, dubbed Q East and Q West, will each have a rooftop deck, fitness center and yoga studio, indoor/outdoor poolside club/lounge, gourmet teaching kitchen and outdoor lounge with TV screens and fireplace.
City Tower Brings Luxury to Downtown Brooklyn
Multi-Housing News recently took a trip to downtown Brooklyn for a tour of The Brodsky Organization’s City Tower. Read on for an inside look at the luxury community.
Raintree Lands $218M Refi for CA Community
Capital One arranged the refinancing for Encasa Apartments, a 465-unit community in Sunnyvale, Calif. The property will receive 10-year, Fannie Mae fixed-rate loans that have 10 years of interest-only payments.