John R. Wood Properties receives award for outstanding production
Members of the John R. Wood leadership team recently attended the Leading Real Estate Companies of the World® (LeadingRE) Annual Conference Week in Las Vegas where President, Phil Wood, and Director, Relocations and Referrals, Ginny...
Trez Forman Capital Group closes $44.8 million construction loan
Florida-based Trez Forman Capital Group has completed a $44.8 million loan to finance construction of a new maintenance-free residential community in Southwest Florida geared towards baby boomers. The loan, which closed Thursday, February 1st,...
Record Tampa Bay area multifamily sale closed by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Lakeside Apartment Homes, a 228-unit apartment asset located in Brandon, Florida....
Multifamily investment opportunity offered exclusively by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the exclusive opportunity to acquire Bel Aire Terrace, a 324-unit apartment community in Crestview, Florida. The price is open bid. “Bel Aire Terrace is...
Stiles|Hensler mixed-use development Peabody Union moves forward
Nashville, TN-based Hensler Development Group and South Florida-based Stiles announced today that they will co-develop Peabody Union, a mixed-use, luxury commercial and residential project in Nashville, TN. Peabody Union will establish a new Design...
The push for rent control
In November 2018, election ballots in California might include a question on rent control. Right now, California law restricts the spread of rent regulations on housing built after 1995, in addition to many older...
After effect
Complexes that stayed dry in heavily flooded areas like west Houston, Kingwood and Spring have been slammed with new tenants. Landlords there are finding their apartments are worth much more than they were before...
Paradigm shift
The partners, who come from family-owned multifamily businesses with a combined 150 years of experience, plan to redefine the future of urban rental living by developing and managing apartment communities based on five principles:...
Why millennials are (partly) to blame for the housing shortage
The rush of young people to U.S. cities over the past few years is partly to blame for America’s worsening housing shortage. In some of the country’s largest and most prosperous markets, such as New...
Uptown living, downtown budget
“I would say it’s the most social building I’ve ever seen,” said Daniel Ellch, a tenant. That’s by design: The developer, Property Markets Group (PMG), is entering the co-living market, offering slightly smaller private...
In the lap of luxury
Atlanta-based Catalyst Development Partners recently opened Helios Apartments, a 282-unit community, also in Atlanta. “Helios Apartments evolved out of a desire to provide in-town residents with ultra-high-end amenities and technological perks that rise above the...
Doing the right thing
Former U.S. Department of Housing and Urban Development Secretary Julian Castro, U.S. Secretary of Veterans Affairs Robert A. McDonald and District of Columbia Mayor Muriel Bowser joined advocates and housing professionals to officially open...
Solving the affordable housing puzzle
But inside Brooklyn’s 461 Dean—the world’s tallest modular building—half of the 363 rental apartments fall well below market rate. One-bedrooms, which range from 578- to 735-sq.-ft., start at $600 a month. Developed by N.Y.-based Forest...
Everything’s brand new in… D.C.?
The code now permits light-framed buildings of wood or steel, which are often faster and less expensive to build than equivalent heavy-framed structures, to reach eight stories and up to 85-ft. high—just shy of...
Riding out the storm in D.C.
“I love D.C.,” said Camden Property Trust CEO Ric Campo during the apartment REIT’s second quarter earnings conference call at the beginning of August. “That’s why we have a big concentration there,” he said of...
