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…
Graycliff Capital Announces Waterleaf at Foxbank, Upscale Multi-Family Development in Suburban Charleston
Greenville (S.C.)-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector,is pleased to announce its newest multi-family development in South Carolina’s Lowcountry region – Waterleaf at Foxbank – Luxury Apartment Homes located in Berkeley County in the town of Moncks Corner. “Beaufort-Port Royal was deemed an ideal area to develop a…
Supply and Labor Constraints Continue to Hinder Economic Growth, Home Sales
For the second month in a row expectations for near-term real GDP growth were revised downward – and outward – due to persistent supply chain disruptions and labor market tightness, according to the September 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group now projects full-year 2021 real GDP growth to clock…
MAXX Properties Enters Durham NC Market with Ground up Development
MAXX Properties—a privately held real estate company—announced today that it will enter the Durham, North Carolina market with a 299-unit multifamily development called The Piedmont at Patterson Place. MAXX Properties took an 85% interest in the planned property along with SR Real Estate Partners, a New York-based development firm, who is developing the project. SR…
Graycliff Capital Enters Triangle Market with Encore at Heritage, Upscale Multi-Family Development in Wake Forest
Greenville (S.C.)-based Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector, announces the development of Encore at Heritage Apartments – Luxury Apartment Homes in Wake Forest, North Carolina. Graycliff has developed multiple luxury apartment communities throughout the Carolinas in recent years, however, Encore at Heritage Apartments marks the firm’s first multi-family…
