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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

Lenders Vie for Las Vegas Multifamily Deals

Acquisition financing for Allanza at the Lakes in Las Vegas reveals strong lender interest in the emerging market.         Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service

Foreign Investor Sells Phoenix Apartments

Canadian-based Emma Capital has sold the Ridgepoint Apartments in Glendale, Arizona.         Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service

Bolour Expands Private Lending Platform

The firm is now active in 17 states, and expects to triple the size of its lending business.         Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service

El Paso Gets Noticed by Multifamily Investors

The buyer of a 550-unit portfolio was new to El Paso and Greysteel was able to bring competitive offers from these new to the market investors attracted to the diversified economy and strong yield potential.         Continue Reading at GlobeSt.com Click Here. Press Release Distribution Service