Upscale NJ Community Lands $115M Financing

Upscale NJ Community Lands $115M Financing

The Harper at Harmon Meadow. Image courtesy of Yardi Hartz Mountain Industries has received a $115 million mortgage loan for The Harper at Harmon Meadow, a recently built 469-unit apartment community in Secaucus, N.J. New York Life Real Estate Investors provided the...
Tucson Community Trades for $22M

Tucson Community Trades for $22M

Mission Antigua. Photo Courtesy of ABI Element Property has acquired Mission Antigua, a 248-unit community in Tucson, Ariz. Centurion Management sold the 1989-built asset for $21.8 million, on behalf of the developer, which had owned the property since its...
Axonic Sells $16M FL Community

Axonic Sells $16M FL Community

Heritage at Temple Terrace Apartments. Image courtesy of CBRE Axonic has sold Heritage at Temple Terrace Apartments, a 126-unit community in Temple Terrace, Fla. TLR has purchased the asset for $15.8 million, the third highest price per unit sale for a 1970s vintage...
HUD Charges Facebook With Housing Discrimination

HUD Charges Facebook With Housing Discrimination

HUD Secretary Ben Carson. Photo via HUD’s official Flickr account The U.S. Department of Housing and Urban Development has announced that it is charging social media giant Facebook with violating the Fair Housing Act. In a charge submitted to Facebook on March 28th,...
Phoenix Multifamily Report – Winter 2019

Phoenix Multifamily Report – Winter 2019

Phoenix rent evolution, click to enlarge A diversified economy, coupled with a business-friendly environment and a skilled workforce, is driving employment and population gains in Phoenix, while boosting multifamily demand. The metro added 86,800 jobs in the year...
UK-Based Co-Living Operator Expands NYC Footprint

UK-Based Co-Living Operator Expands NYC Footprint

  The Paper Factory Hotel London-based The Collective, which operates the world’s largest co-living building, has made its third investment in the New York City area in sixth months—totaling $150 million—with the acquisition of the Paper Factory Hotel in Long...