Manuel Castedo

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  • Strong Fundamentals Fuel Heavy Development in DC

    Young professionals, drawn by the metro’s well-paying jobs, are pushing up demand for upscale communities in transit-oriented and live-work-play areas. However, a robust construction pipeline—the third largest in the country—is maintaining a modest rent increase, raising concerns of overbuilding.

    27 September 2017 13:24
  • The Amenities Race

    Today’s residential market strives to meet a broader, more diverse set of resident needs than ever before. Daun St. Amand from CallisonRTKL sheds light on how amenities are constantly changing and what multifamily developments need to offer in order to stay relevant.

    08 August 2017 14:53
  • Dougherty Arranges Refi for 77-Unit Community in Ohio

    The national mortgage banking firm closed a Fannie Mae loan for Legends Pointe in Canton, Ohio. Dougherty’s Minneapolis office worked for borrower Legends Pointe Apartments.

    20 November 2017 15:29
  • Lake Union Partners Acquires $23M MidTown Center

    The company partnered with Forterra to develop the site and plans to include approximately 520 to 555 apartments. Approximately half of the units will be affordable.

    29 May 2017 08:11
  • Praedium Buys Suburban Atlanta Apartments

    Reserve Decatur, a 298-unit property in Decatur, Ga., includes a two-story clubhouse, cyber café, conference room with kitchen area, poolside outdoor kitchen with cabana bar, game lounge and a rooftop entertainment lounge.

    13 November 2017 16:53
  • New Phoenix Community Changes Hands for $59M

    The sale of Alta Fillmore, a 230-unit apartment community is expected to close in late November. Pure Multi-Family plans to fund the purchase with cash on hand and debt financing.

    27 October 2017 09:23
  • Leasing Starts at New Chicago Mixed-Use

    JDL Development's SixForty, located in the River North neighborhood, includes a 23-story tower with 250 units and 8,000 square feet of retail.

    23 June 2017 08:56
  • RADCO Acquires $41M GA Property

    Called Indian Trail Apartment Homes, the community is a 467-unit, Class B property in Norcross, Ga. The company plans a $10 million renovation.

    10 August 2017 16:20
  • 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
  • Dominion Plans New Senior Living Community

    The forthcoming religiously affiliated Kentucky community will care for those with Alzheimer's, dementia and other memory-related and health issues while still allowing supervised independence.

    01 May 2017 16:32