Phillips Development & Realty

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  • New Supply Keeps Rent Growth Tepid in Baltimore

    Spearheaded by the revival of its core and by the emergence of the Baltimore-Washington corridor as a strategic location, the metro’s multifamily fundamentals have stabilized.

    13 September 2017 14:09
  • JV Completes SC Mixed-Use Student Housing

    The 706-bed community offers a mix of studios and two- to five-bedroom units averaging 1,116 square feet. Additionally, 114 Earle includes 7,000 square feet of retail space.

    14 September 2017 15:37
  • JV Secures $155M for Miami Condos

    Terra, New Valley, Great Eagle Holdings and Bizzi & Partners secured the construction financing for Eighty Seven Park, a 66-unit tower featuring luxury amenities such as a butler service, juice bar and full-time botanist.

    06 September 2017 15:25
  • Top 10 Largest Chicago Submarkets by Sales Volume

    In the first three quarters of 2017, several Chicago submarkets exceeded $100 million in multifamily transactions. Core city areas remain at the top of the list, tallying more than half a billion dollars in sales during the same time period.

    06 October 2017 15:54
  • CMBS Delinquencies

    Delinquencies continue to drop year-over-year from March 2016 to March 2017. Multifamily delinquencies had the largest decline of 46.1 percent or $392 million.

    14 April 2017 19:38
  • Philadelphia Plaza Pushes Tolerance

    Campus Apartments CEO David Adelman leads $7 million fundraising effort for Holocaust Memorial.

    31 August 2017 17:50
  • Cush & Wake Secures $22M NC Community Sale

    PRG Real Estate sold the 15 two-story buildings to Dasmen Residential. The community last traded in 2012, when PRG Real Estate purchased it for $13.6 million.

    16 August 2017 17:39
  • LA: Affordable Housing Wanted

    Rent growth in the city is continuing at a rate double the national average, largely due to solid gains in a few key employment sectors and renter interest pivoting toward the area’s suburbs.

    23 June 2017 13:22
  • Greystone Appoints 2 Managing Directors in Chicago

    William Montana and Christopher Sackley will coordinate the firm's multifamily sales advisory efforts in the Midwest and report to President Jim McDevitt.

    09 June 2017 09:25
  • Orlando Affordable Housing Scores $20M Refi

    Berkeley Point Capital arranged financing for Sand Lake Pointe Apartments, a 312-unit property. The loan was securitized with Ginnie Mae on a 35-year fully amortizing term.

    06 September 2017 18:01