Grosvenor, a privately owned international property group, acquired 2600 Telegraph Avenue in Oakland, Calif., where they will begin construction in early 2023 to develop 225 rental homes and 6,000 square feet of specialty retail space. Fifteen of the homes will be affordable for local residents earning incomes less than 50% AMI (Area Median Income). The More
Planters Trace Apartments, a 96-unit, Class B multifamily community located in West Ashley, a thriving neighborhood of Charleston, South Carolina, was purchased by CREC Real Estate, LLC and Rincon Capital Partners. The 10.6-acre property, built in 1974 and located at 2222 Ashley River Road, has convenient access to nearby jobs, retail and entertainment. Terms of More
MRP Realty, developer of commercial, residential, industrial, and mixed-use real estate across the Washington Metropolitan Region, launched Navigate by MRP, an office space platform for the tenant end-user. Navigate is currently available in MRP properties in DC, Maryland, Virginia and Philadelphia. “Recognizing the current disruption in office space, technology and amenities, MRP is responding with More
Tricon Residential Inc. and HHS Residential recently celebrated the groundbreakings of two new single-family rental home communities in Central Texas: Tricon Trail Creek in New Braunfels and Tricon Bryson in Leander. They are the third and fourth of Tricon’s 13 new, purpose-built, single-family rental home communities in Texas, including five in metropolitan Dallas-Fort Worth, three More
The U.S. multifamily sector saw strong momentum at the start of 2022, with robust demographic trends underpinning record leasing activity, rent growth and investment during the first quarter, according to CBRE’s latest report.
Investment in the multifamily sector increased by 56% year-over-year to $63 billion in Q1 2022 — the strongest first quarter on record and bringing the trailing four-quarter total to $374 billion. Multifamily accounted for 37% of total commercial real estate investment volume in Q1 2022, followed by office at 21% and industrial at 20%.
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29th Street Capital, a privately held real estate firm,bought the two-building Venue Museum Districtin Houston from Hines. The firm’s acquisition of the property in the Museum District was its 16th purchase of a multifamily asset in the city’s metropolitan region. The Venue Museum District is a 224-unit Class A property built in 2009. The firm More
You can find expanded details about these companies and others by subscribing to the Multifamily Report and to the Crittenden Multifamily Online Directory. The Multifamily Report extensively covers all aspects of the multifamily industry. You’ll get coverage and updates on the busiest developers, buyers, management firms, equity partners and more. Grover Corlew Properties Managed/Owned: 71499 More
All aspects of the multifamily industry are navigating an uncertain future, though none needs to rebound as quickly and efficiently as the senior housing market. With both a need to keep an extremely vulnerable demographic safe from the COVID-19 pandemic and give families of the residents peace of mind knowing that their loved ones are More
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