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    The 17.6-year Fannie Mae loan originated by Dougherty’s Minneapolis office has a 30-year amortization schedule. The $1.3 million financing will be utilized to refinance an 80-unit residential property.

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    The first of three phases of The LINK PHX is a 30-story mixed-use structure that will feature 257 apartments and 7,000 square feet of retail space, half of which will be reserved for start-ups, not-for-profit enterprises and artists.

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    The firm’s plan is to build a 27-story property encompassing 282 residential units, 9,500 square feet of retail space and a four-story parking garage, with an option for an additional optional 50,000 square feet of office space. The project is part of the city of New Rochelle's massive redevelopment plan.

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  • Rent Growth

    U.S. monthly rents were flat in September, remaining at $1,354, yet they continue to decelerate on a year-over-year basis. Rents were up 2.2% nationwide in September, a 10-basis-point decline from August. After a strong first half, in which average rents grew by $33, they experienced a summer slowdown, increasing by only $1 in the third quarter.

    30 October 2017 13:02
  • Transactions: September 2017

    The following is a list of transactions that were announced between April 24 and Aug. 26, 2017.

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  • SoCal Delivers for Investors in San Diego

    The metro benefits from a strong talent pool, renowned universities and its ever-growing biotechnology sector. Inventory is expected to expand significantly in the coming years, given the city’s robust multifamily pipeline and recent pro-development legislation.

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  • JPI Closes Financing for Upscale TX Community

    Located in the Las Colinas neighborhood of Irving, Texas, Jefferson Promenade will include 387 units. The property will be located close to the 1,000-acre Cypress Waters master-planned development.

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    Growth has cooled since the metro was among the nation’s leaders in appreciation, but rents are now increasing at a more sustainable pace.

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