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07/20/2018
All Those New Apartments in South Florida Still Aren't Enough, Report Says
It may seem that an apartment complex is going up on every street corner in South Florida, but a new report shows that builders actually have some catching-up to do. Renters moved into 9,155 units across the tri-county region in the first half of 2018...

07/11/2018
Local Investor Secures $9 Million Refi for Holiday Inn Express in Lake Wales
A private investor taking title as Lake Wales Hotels & Resorts LLC secured a $9 million non-recourse commercial mortgage-backed securities (CMBS) permanent loan to refinance the Holiday Inn Express at 2953 Ridge Way in Lake Wales, FL. Aries Conlon...

07/03/2018
Multifamily Investors Are Getting Used to 'Normal'
U.S. housing construction remains low, and still trails population growth, said John Affleck, CoStar’s director of analytics. "Ongoing deliveries of highly-amenitized, high-rent product will limit rent growth at the high end of the market, but older and...

06/29/2018
Top Atlanta Creative Office Developers Merge to Expand Across Sun Belt
Pictured from left: Pierce Lancaster, Chris Faussemagne and Hank Farmer.Courtesy: Third & Urban.Two of Atlanta's top creators of cool office space are combining to capture pent-up demand and develop creative workspaces from Virginia to Texas. Third...

06/27/2018
American Residential Acquires 30-Unit Park West Apartments in Tampa
American Residential Investment Management, a multifamily investor based in Wake Forest, NC, acquired the 30-unit Park West Apartments from Hyde Park Apartments for $5.1 million, or about $170,000 per unit. Built in 1974, the 21,491-square-foot apartment...

06/25/2018
Tampa’s Recent High Population Growth Numbers Fueled by Migration
Throughout the recovery and expansion, Florida markets have consistently ranked among the best in the nation at both total population gains, as well as per capita increases. However, much of the state has low or even negative natural population growth...

06/22/2018
Apartment Construction Booming Across the Southern U.S.
The 816-unit Park Line Miami apartment towers at 250 NW 1st St. in Miami. The project is slated to be completed by the fourth quarter of 2019. Due to impressive in-migration as well as demographic growth and booming economies, southern metros have...

06/20/2018
Real Estate Value Advisors Acquires 101,000-SF Sabal Park Bldg. in Tampa
Richmond, VA-based Real Estate Value Advisors (REVA) purchased a 101,000-square-foot Sabal Park office building in Tampa, FL from Bridge Investment Group Partners, which had owned the property since March 2015, according to CoStar data. The two-story...

06/18/2018
New Towne Properties Pays $7.8 Million for Waterside Village Apartments
New Towne Properties, an investor based in Largo, FL, acquired the 102-unit Waterside Village Apartments in St. Petersburg, FL from Mallah Enterprises for $7.8 million, or about $76,000 per unit. Located at 3600 49th Ave., the 31-buidling multifamily...

06/14/2018
Buyers Getting Picky Over Big Apartment Offerings
Pictured: Wesley Village in Charlotte, NC, one of 11 communities HFF sold in a 3,039-unit portfolio to eight different buyers over the course of one year for an aggregate price of $480.6 million.It should be the high-season for sales of large apartment...

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