Formation Development Group

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  • JV Brings Luxury Living to Jersey City

    Hartz Mountain Industries and Panepinto Properties developed the LEED Silver-certified TOD, which includes 13 stories and 240 units. The community is already 40 percent leased.

    26 June 2017 14:54
  • Effective Online Reputation Management

    More than 91 percent of prospects rely on online reviews and ratings when searching for their next apartment home. Dawn Miller of ROSS Management Services provides tips on how to execute an effective online reputation management program.

    31 October 2017 13:00
  • Bike Infrastructure for Multifamily Communities

    Velodome Shelters provides a variety of solutions for bike storage and protection, a growing problem as more residents choose cycling as a sustainable and healthy mode of transportation.

    09 November 2017 14:49
  • BrownLee Grabs $84M Baltimore Community

    The 295-unit Winthrop in Towson was completed in 2015 and traded with help from JLL. Pillar originated a $58.8 million Freddie Mac acquisition loan.

    31 October 2017 14:45
  • Hunt Mortgage Adds New SVP

    Suzanne Cope, who previously worked at the company when it was called Centerline Capital Group, will be responsible for originating and closing affordable and FHA multifamily loans nationwide.

    11 October 2017 09:46
  • Construction Kicks Off at Chicago’s Wolf Point East

    The 60-story, 698-unit luxury apartment tower represents the second phase of the Wolf Point master plan, a three-phase project built by Hines along the Chicago River.

    04 July 2017 15:36
  • CBC Advisors Completes 2 West Coast Multifamily Sales

    The Cove at Overlake in Tooele, Utah, and student housing community The Pines, in Rexburg, Idaho, changed hands in two off-market transactions totaling 204 apartment units.

    15 June 2017 16:22
  • 3 Things to Remember When Renting to Families

    Multifamily living offers a ton of perks, such as professional management, flexibility, less maintenance and increased safety. Carol Jackson, vice president of Morgan Properties, explores how to use these advantages to appeal to renters with children.

    17 May 2017 19:40
  • Investment

    The average price per square foot for all property types came to $207,000 in the second quarter of 2017, with CBD Office commanding the highest value at $397,000.

    30 August 2017 18:35
  • Aimco Buys Out Palazzo JV Partners for $452M

    The company sourced funds for the acquisition by taking title subject to existing allocable debt and using cash proceeds from the pending sales of some of its assets in the Northeast.

    11 July 2017 12:43