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    The 200-unit mixed-use community is located near the city's central business district and was completed in 2015. The property includes 4,220 square feet of ground-floor retail space.

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    The company purchased the 297-unit Ocean Walk Apartments from a joint venture of Mast Capital and Rockpoint Group. ARA Newmark represented both the buyer and seller.

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  • Praedium Group Snags $57M FL Asset

    The company acquired the 300-unit Views at Harbortown in Jacksonville, Fla., which features one-, two- and three-bedroom floorplans ranging from 713 to 1,570 square feet.

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  • EBSCO Refinances 2 Southeast Properties

    The company received $61.6 million from Capital One in Fannie Mae fixed-rate loans to refinance communities in Tennessee and North Carolina.

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  • BRT Nabs 509-Unit DFW Community

    BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.

    14 July 2017 12:03
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  • Economy Watch: Residential, Commercial Activity Up a Bit, Says Beige Book

    Construction activity picked up slightly in the residential and commercial real estate industries across the 12 Federal Reserve Districts, the latest Beige Book reported.

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  • Rent Growth

    Rents were up 2.0% nationwide in April, down 50 basis points from March and well below the 5.5% growth rate of a year ago. The 2.0% year-over-year increase is the lowest it’s been since April 2011, when rents were up only 1.5%.

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  • Overlooked Midwestern Markets Show Solid Employment Growth

    While popular urban markets on the East and West coasts are seeing more apartment units created than jobs, Midwestern metros like Indianapolis, Des Moines and the Twin Cities are experiencing significant job growth and a dearth of multifamily housing to support it.

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  • Yardi Matrix: Orange County’s Bright Outlook

    Renter demand remains elevated in the area, fueled by a rapidly expanding economy and population gains.

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