Mayor Rahm Emanuel

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    Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.

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  • Financing Affordable Communities in NY

    James Dittbrenner, managing director at Sterling Bank, discusses the process behind a bank's decision to finance affordable housing projects such as the Newburgh CORe Neighborhood Revitalization in Orange County, N.Y.

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  • PAC Snags Tampa-Area Luxury Property

    The purchase of the newly built 280-unit community was financed through a first mortgage loan from Fannie Mae, originated by Berkadia Commercial Mortgage LLC.

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  • Parcel Pending Launches Refrigerated, Outdoor Smart Lockers

    The temperature-controlled storage spaces are cooled to 35-44 degrees Fahrenheit, while the outdoor lockers are designed for multifamily properties that lack indoor common space.

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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.

    02 August 2017 19:55
  • TX Developer Starts Work on CA Student Housing

    Fountain Residential Partners broke ground on the 174-bed Campus Walk community in Chico, Calif. The property will serve the students of California State University-Chico and Butte College.

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  • Robust Development, Insatiable Demand in Seattle

    The city has been one of the strongest rental markets during the current cycle. Over the last five years, average rents have risen nearly $500 to $1,770.

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  • Despite Irma’s Wrath, $67M FL Apartment Deal Closes

    Amberton Properties has sold Amberton Luxury Townhomes in Naples. One of the largest multifamily deals in Southwest Florida in the past year, the 28.7-acre property includes a 306-unit community.

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  • North Dallas 152-Unit Community Changes Hands

    A Dallas-based partnership acquired Sienna Creek from Madera Residential. The buyer plans to rebrand the property and to implement a value-add strategy. The community is situated within the Richardson Independent School District.

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