HUNTSVILLE, AL – Walker & Dunlop, Inc. announced that it structured $51,923,400 in financing for ECLIPSE at CityCentre, a five-story, 278-unit, multifamily project located in Huntsville, Alabama. Co-developed by Spring Bay Property Company, the property will sit atop 18,000 square feet of upscale restaurants and retail and is part of the CityCentre at Big Spring…
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Home showings data from SentriLock®, LLC, a lockbox company, shows that homebuyer traffic increased in February 2020 compared to the prior month and one year ago.
Friends, are you on coronavirus overload?? I know I am. No matter where we turn there is no way to avoid the new reality of the effect’s of the coronavirus. You may be working from home instead of the office; your kids may be doing school from home and are starting to get stir crazy; or you’ve…
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LAS VEGAS, NV – San Diego-based Tower 16 Capital Partners has successfully sold Altura on Duneville, a 228-unit apartment project located in Las Vegas. The property was originally purchased in 2018 for $24,000,000 and was sold this month for $35,500,000. During their two-year hold, the company performed significant exterior and interior unit renovations, adding several…
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While measures are being taken to keep people safe and avoid overloading the hospital system beyond capacity, they have an economic cost in terms of lost revenues, especially in states where these industries comprise a larger share of their economic output and employment should there be some temporary layoffs. States need to plan to mitigate…
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It can be argued that the primary focus for multifamily organizations over the past five years has been to find ways to streamline the leasing process. It has proven to be a valuable pursuit, but that objective in itself leaves something on the table. Modernized leasing processes provide immeasurable benefits for leasing teams by automating…
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ORLANDO, FL – Wood Partners, a national leader in multi-family real estate development and acquisition, announced the grand opening of its newest luxury residential community, Lake House by Alta, in Orlando, Florida. Located in the affluent Doctor Phillips neighborhood, Lake House by Alta features 299 luxurious lakefront apartment homes, a majority of which offer direct…
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How does the Washington, D.C. area compare to national figures on homebuyers? This post takes a look at the housing market in both the District of Columbia and Montgomery County.
I’ve never heard the term “social distancing” before, but now it’s everywhere. And its practice is critical to slow the spread of coronavirus. Where I am in New Jersey, schools are closed (I’ve already let Professor Elmo teach my 3 year old today), and no one is supposed to have large gatherings. Nationally, sports are…
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At the national level, housing affordability conditions improved in January 2020 compared to last a year ago and rose compared to December 2019.
