Multifamily

The transaction includes the sale of two adjacent properties for $8.64 million, bringing the total deal to nearly $90 million.

While home price appreciation surged to 5.5% in July, things could slow later in the year.

The easing market is attracting borrowers looking at refinancing while interest rates hover near historic lows.

And the trend is likely to continue in September, forecasters warn, as states and FEMA try to roll out a program to partly restore unemployment benefits.

Renters earning under $99,000 a year or couples earning less than $198,000 a year are eligible for this relief.

Many firms have begun to use UV lighting technology to effectively clean common and high-traffic areas, which exemplifies the impact COVID is having on all industries.

As a design evolves, it is important to routinely take a pulse check to ensure that project goals including budget are still being met, says Carlo Torrano, a licensed architect and a project manager for Bradac Co.

The company has acquired five residential towers in Alexandra, VA for a reported purchase price of $506 million.