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    Rents were up 2.6% nationwide in July, a 10-basis-point decline from June. Actual rents have increased every month this year, and are up 2.7% year-to-date.

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    Parc at Traditions, a 159-unit luxury senior community, marks the company’s first property in Texas. The asset is opening its doors this fall and will provide independent living, assisted living and memory care services.

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    The investment firm purchased Olde Raleigh, a 228-unit community in Raleigh, N.C. Chaucer Creek Capital sold the asset after four years of ownership.

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    While Fed Chair Janet Yellen has suggested the potential for multiple rate hikes through 2018, several factors should influence her plan to be implemented with caution, argues Stepp Commercial Vice President Mark Ventre.

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    The study found that the average cost in the New York City borough continues to drop, but downtown is still thriving when it comes to condo, co-op and new development purchases.

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    The sail-shaped, luxury waterfront tower is the sports car company’s first-ever real estate venture. Totaling 391 units, plus duplexes and penthouses, the development is slated for completion in 2021.

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    Providence Capital Group placed a non-contingent offer for the 140-unit community in Hemet, Calif., which traded for $15.5 million. Marcus & Millichap represented the seller and procured the buyer.

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    The company plans to convert 39 three-bedroom units into four-bedroom units. The community is in close proximity to multiple Pullman Transit bus routes, including an express route to the Washington State University campus.

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