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Multifamily
Apartments from garden to high‑rise: rents, concessions, lease‑ups, and capex plans.
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$41M deal follows debt, complaints at St. Pete apartments
1+ day, 8+ hour ago (755+ words) The change in ownership comes after a difficult stretch at The Morgan. The Morgan, a 304-unit apartment complex in south St. Petersburg that has faced mounting debt, unpaid utility bills and complaints about deteriorating living conditions, has changed hands following…...
SIREG withdraws condo conversion appeal for Parkhill Place in Peterborough
1+ day, 18+ hour ago (630+ words) SIREG informed the city and OLT Thursday that it would be withdrawing the appeal after Firm Capital Corporation took possession of the Parkhill Rd. property. The 128-unit property at 700 Parkhill Rd. W. in Peterborough was the subject of an appeal to…...
$50 million, 242-unit apartment community opens in Clermont County
20+ hour, 25+ min ago (179+ words) Leasing is underway at The Slate Apartments, a new $50 million, 242-unit community in Clermont County’s Eastgate area. Developer and owner CRG Residential held a ribbon-cutting ceremony at the property, located on Rosemary Ave. (CRG Residential) UNION TOWNSHIP, Ohio (WKRC) — Leasing…...
JSB Capital Group Secures $238M Refinancing for Class A Multifamily Community in Miami Submarket
21+ hour, 31+ min ago (245+ words) JSB Capital Group has received a $238 million refinancing loan from Torchlight Investors for The Landmark South, a 631-unit Class A community in Doral, Fla., a submarket of Miami. Walker & Dunlop arranged the transaction on behalf of the borrower. JSB acquired…...
Icon Real Estate Advisors Arranges $10.475M Sale of New Jersey Multifamily Portfolio
21+ hour, 35+ min ago (170+ words) ICON Real Estate Advisors has arranged the $10.475 million sale of an 88-unit multifamily portfolio comprising 255 and 284 Prospect Street in East Orange, NJ. The two properties are located along Prospect Street, one of East Orange’s established residential corridors, and contain a…...
ECI Group Acquires Verso Luxury Apartments in Davenport, FL
1+ day, 8+ hour ago (262+ words) /PRNewswire/ -- ECI Group (ECI) announces the acquisition of Verso Luxury Apartments, a 250-unit, new in 2020, "Big House" concept, multifamily asset in the... ATLANTA, May 18, 2022 /PRNewswire/ -- ECI Group (ECI) announces the acquisition of Verso Luxury Apartments, a 250-unit, new in 2020, "Big…...
Blackbird Leys welcomes first Chestnut Tower occupants
23+ hour, 53+ min ago (470+ words) The first occupants of 61 new social rent homes at Chestnut Tower are settling in. Located in Blackbird Leys, the nine-storey development is part of Oxford’s wider regeneration scheme and aims to address the city’s urgent need for genuinely affordable housing....
My first home, CHA's LeClaire Courts, readies for a new beginning
1+ day, 1+ hour ago (522+ words) LeClaire Courts, where WBEZ’s Alden Loury lived until he was 3, is being reborn as the Chicago Housing Authority breaks ground on two residential buildings on the former development’s site. Fifty-seven years ago this month, my mother brought me home from…...
Weak Demand Drives Softness in Greensboro Apartment Market
1+ day, 13+ hour ago (1532+ words) Get the whole picture for your multifamily portfolio with one powerful platform for seamless data flow. Leveraging technology to enable data-driven insights is key to managing an institutional real estate portfolio. Manage residential, retail, and commercial assets from a single…...
269 leases handed over to Waidamudamu tenants
1+ day, 14+ hour ago (331+ words) Fijivillage Great news for tenants of Waidamudamu in Koronivia, as they will soon receive their leases following the handover of 269 registered 99-year lease documents under the Waidamudamu Informal Settlement Upgrading Project to the Director of Lands.While handing over the…...