Multifamily

The property was purchased by Chicago-based Draper and Kramer through a 1031 exchange following the firm's sale of Prairie Shores, a 1,675-unit, multi-building apartment community in Chicago's Bronzeville neighborhood.

A train station would mean more demand for vacation homes at The Grove, which is located five miles from Disney World.

The five B-Pieces that Morgan Properties acquired had a total face amount of $400 million. Additionally, $674 million, or 13% of the total unpaid principal balance were loans where Morgan Properties was also the underlying borrower.

As home price appreciation slows, buyers could reenter the residential market. But pent-up demand will continue to help fill apartments.

The asset class is more protected against downturns than any other asset class, making it the safest investment as the cycle matures.

The Local Wetlands Ordinance gives the city greater authority to protect its wetlands and directs the Boston Conservation Commission to consider future climate impacts like rising sea levels in applications for new developments, construction, or special events.

Vue at 1400 in West Palm Beach and Verona View by Arium in Plantation sold in the year-end rush to close transactions.

This is a Main and Main core site that was acquired after an extremely competitive marketing process and the best development site on the market in the West Coast, says NKF's Kevin Shannon.