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Comstock Expands Loudoun Station’s Residential Offerings
BLVD Gramercy East and BLVD Flats will open in Spring 2020. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Multifamily Absorption Reaches 5-Year High
Building in the US apartment sector remains at three-decade highs, RealPage also reports—which could lead to near-term risk. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
New Augmented Reality App Helps Owners Curate Artwork
Morison Hotel Gallery launches an augmented reality app to virtually create art galleries and accessory selections. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Berkadia Arranges Multiple Multifamily Sales in Florida and Georgia
Laramar Group, which has offices in Chicago and Denver, acquired the 379 units at the 432-unit condominium for $49.65 million from Aspen Square Management of West Springfield, MA. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Seattle House Master Use Permit in Place for 1MSF
A 38,934-square-foot half-block in downtown Seattle adjacent to Amazon’s headquarters recently sold totaling a land value of $60 million, amid plans for a mixed-use multifamily development. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
Removal of Multifamily Rent Restrictions Means Higher Rents
The vast majority of income-restricted properties have 15 years of mandatory compliance, then after that, ownership can apply to have the property removed from the program, which can take up to a year. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
AppFolio Launches New AI Property Management Tool
The new AppFolio Property Manager includes an AI leasing assistant to respond to automate the leasing process. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
River Club at Hudson Park Apartments Receives $70M Loan
Strategic Capital’s multifamily property in Yonkers, NY is in the final phase of a larger redevelopment plan. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
GSP Development Refis Apex 41 Project in Lombard
The Des Plaines, IL-based commercial real estate firm secured the financing from PCCP, LLC of New York City. The loan will repay the existing construction loan and provide additional time for lease-up and stabilization of the five-story 181-unit luxury apartment property. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service
QIA, Douglass Emmett Partner to Buy The Glendon
The partnership purchases the 350-unit mixed-use property in Westwood for $365 million. Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service