249-unit affordable housing portfolio in Gary, Indiana sells for $10.375 million
Affordable Housing Investment Brokerage Inc. recently sold a 14-building, 249-unit affordable housing portfolio in Gary, Indiana for $10,375,000. Managing Director Kyle Shoemaker represented both the purchaser, a private investor, and seller, a private investor,...
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:...
Home smarts
And, if speed of lease-up and the ability to charge higher rents at the newly built 70-unit Excelsior Park apartments in Saratoga Springs, N.Y., is an indicator that smart technology is part of multihousing’s...
FCP acquires Largo, Maryland apartment community for $71.9 million
FCP with partners Insight Property Group and AHC announce the acquisition of Camden Largo Town Center apartments in Largo, MD for $71.9 million. The 245-unit community at 9701 Summit Circle will be rebranded Haven Largo.
“FCP...
NYC landlords warehouse 50 percent of stock
Deals on apartments were so enticing that Tice, a tech worker, was willing to give up the most elusive of city dwellings: a rent-controlled one-bedroom.
Tice moved from a small, run-down Lower East Side apartment...
PEEK Properties secures construction loan for Class A Opportunity Zone multifamily project in Orange,...
PEEK Properties (PEEK) has secured $9,750,000 in construction financing for the first of three new-construction Qualified Opportunity Zone (QOZ) multifamily properties in the City of Orange, N.J. PEEK, a commercial real estate investment, development...
Private vs. public property rights
Controlling housing rental rates is a classic example of the erosion of private property rights. Traditional rent controls specify a maximum rent that property owners legally may charge for use of their dwelling. Further,...
Governor Hochul Announces Completion of 96-Unit Affordable and Supportive Housing Development in the Bronx...
Governor Kathy Hochul announced the completion of 2050 Grand Concourse, an affordable and supportive housing development with 96 apartments in the Bronx’s Fordham Heights neighborhood. The all-electric development was awarded funding from the State’s...
McKinley Park Apartments to be Transformed into Affordable Housing for Seniors
The transformation of Canton’s McKinley Park Apartments into an affordable housing community moved another step closer to reality in December, after The Ohio Department of Development awarded the redevelopment $2 million in state historic...
Institutional Property Advisors closes 264-unit high-rise apartment building sale in Downtown Hartford
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Capitol View Apartment Homes, a 264-unit, high-rise multifamily building with 13,294 square feet of commercial and retail space in Hartford,...
Can we tap the power of data to bring commercial real estate planning into...
The entire commercial real estate market can be a guessing game, where occupancies fluctuate along with real estate values. But what if you could tap the power of data science to better develop future...
HUD Announces Transaction to Transform Over 950 Affordable Rental Homes in The Bronx
The U.S. Department of Housing and Urban Development (HUD) announced that it recently closed a transaction to rehabilitate and preserve 983 affordable rental homes at the New York City Housing Authority’s (NYCHA) Union Avenue...
Champion Real Estate Company acquires Campus Hill Apartments near Syracuse University for $65 million
Champion Real Estate Company (Champion), announced that it has acquired Campus Hill Apartments, a 267-unit, 715-bed student housing community with a central leasing office located at 1201 Harrison Street in Syracuse, New York for...
CBRE arranges sale of 448-unit community to The DSF Group in Manchester, NH for...
CBRE announced that it has arranged the $121.5 million sale of Countryside Village, a 448-unit garden style apartment community, located at 60 Village Circle Way in Manchester, New Hampshire.
CBRE Capital Markets’ multi-housing experts Simon...
THG Paris and Interior Design Team Gilles & Boissier launch new bath collection
THG® Paris, the leading French atelier for the bath whose collaborations with prestigious brands include Lalique, Baccarat and Christofle, announced its latest collection – a collaboration with internationally recognized interior design team Gilles &...
