Commercial and Multifamily Make Solid Gains in 2022
All top 10 metro areas posted gains during the year In 2022, the value of commercial and multifamily construction starts in the top 10 metropolitan areas of the U.S. increased 37% from 2021, according to Dodge Construction Network. Nationally, commercial and multifamily construction starts increased 25%. Commercial and multifamily construction has made impressive gains in 2022 largely…
Olive Tree Affordable Housing Enters Into North Carolina Market with Acquisition of Multifamily Community in Wilmington
Olive Tree Affordable Housing, the affordable housing affiliate of Olive Tree Holdings, a mission driven private investment company with a focus on real estate, today announced the acquisition of The Life at Lakeside Villas, a 429-unit, affordable multifamily community located at 1519 Lake Branch Drive in Wilmington, North Carolina. With equity provided by the American South Fund Management Team, Olive Tree has…
Atlas Real Estate Partners and FIDES Development Acquire Multifamily Development Site in Charleston
Atlas Real Estate Partners, a multifamily-focused private investment and development firm with offices in New York and Miami, completed the site acquisition for The Darby multifamily development in Charleston, South Carolina. The firm is partnering with FIDES Development on the project. The transaction closed on Jan. 10, following an intensive two-year contract period in which…
Aventon Companies Announces Construction of Its First Luxury Apartment Property in South Carolina
Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announces that it has broken ground on its very first luxury apartment community in the state of South Carolina. Located in the booming West Ashley submarket of Charleston, Aventon Bees Ferry will be a 30-acre project encompassing 394 units and…
Despite a Weak Q3, Luxury Second Home Demand Remains Far Above Pre-Pandemic Levels
Mortgage rate hikes, a weak stock market and general economic concerns, particularly regarding the housing market, combined to deter many buyers from purchasing a luxury second home in Q3 2022 resulting in a 28% quarter-over-quarter decline in mortgage rate locks across the country, according to data analyzed by Pacaso’s research team. “Remote work has become…
NAA and IREM Release 2022 Benchmarks in Partnership with Lobby CRE
The National Apartment Association (NAA) and IREMⓇ (Institute of Real Estate Management), in partnership with Lobby CRE, a centralized platform for financial and operational data across commercial real estate properties, have released nationwide, real-time property benchmarks for 2022. An unprecedented 9600 submissions were collected from real estate operators across the country through an innovative digital process…
Greystar Expands Capabilities to Include Multifamily Lending
Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, now has the capability to provide financing to owners and developers of residential rental properties throughout the US by way of senior mortgages, mezzanine loans, and preferred equity. Greystar…
Dewitt Carolinas, Inc. Begins Construction of 1000 Social, the First of Two Office Towers in The Exchange Raleigh
Dewitt Carolinas, Inc., a real estate development firm specializing in large scale mixed-use, multifamily, and commercial properties throughout the Carolinas, today broke ground on 1000 Social, the first of two twelve-story office towers at its 40–acre, billion-dollar project, The Exchange Raleigh. 1000 Social will establish the mixed-use project’s overall aesthetic, with modern architecture balanced by expansive outdoor workspaces and…
Graycliff Capital’s Seth Peterson Shares Insight on Multi-Family Housing Sector and Trends
Graycliff Capital Partners is a multi-family development and investment company with focus on the Southeast and Mid-Atlantic regions of the United States. Since its founding in 2010 in Greenville, SC, Graycliff has acquired and developed more than 14,000 apartment units, executing approximately $3.0 billion in transactions. Graycliff’s core strategy is based on investing in areas…
Developers Kick Off Mixed-Use Development at Greenville’s Former Union Bleachery/Cone Mills Textile Mill
GREENVILLE, S.C. – February 7, 2022 – Dean Warhaft and Warren Zinn, developers and joint venture partners, today marked the commencement of the long-awaited “On The Trail” mixed-use development at the former Union Bleachery/Cone Mills Textile Mill at 3335 Old Buncombe Rd., Greenville, SC. The 1900s era mill, which was once a vibrant commerce center…
