Multifamily

"These 26 new homes will help ensure working families can continue to plant roots in Philly neighborhoods experiencing price appreciation," says City Council president Darrell L. Clarke, who has long championed increasing the City's affordable housing stock.

The latest BOMA/Chicago report names talent, transit and culture as top reasons companies select Chicago, says BOMA/Chicago's Bob Quast.

In the third quarter, activity was up in every asset class in Downtown Los Angeles, but population growth and multifamily is still driving the expanding local economy.

The Reading multifamily loans are backed by a local sponsor and management company, whose real estate portfolio consists of 2,000 multifamily units in 15 multifamily properties.

A combination of the aging population and peak pricing conditions have fueled 1031 exchange transaction volumes.

The firm reports it has purchased 1049 Washington Ave. in the South Bronx that will be redeveloped into a 104-unit “Hello W” condominium building.

The three portfolios consisted of 21 properties.

Rising interest rates have already slowed single-family home sales, and they should have a significant impact on pricing and sales activity in the condo market next year.