Multifamily

JP Morgan and Mack Real Estate are providing $294 million for the luxury condominium tower. Construction on the 22-story building that is being built by John Moriarty & Associates has begun.

The multifamily market in Long Beach has grown rapidly in the last five years, and now, the tallest luxury high-rise in the market is on its way.

With job growth comes housing demand and this disparity underscores the fact that regardless of the need for housing that comes with job production, a market can't absorb product that isn't there.

The $172 million purchase price reported by Real Capital Analytics ranks the sale as the second largest multifamily transaction in Atlanta metro history.

"It's a carefully calculated risk," Dranoff told GlobeSt.com in 2016. "It's just a bullseye location, you just can't get a better location."

Institutionally capitalized groups and private syndicators are fighting over value-add multifamily assets within a day's drive of a major Texas metro.

As Fidelity completes its acquisition of Stewart Title, the lack of competition in this growing multibillion dollar real estate industry seems increasingly impractical and speaks to an industry that is in need of expansion.

LINTHICUM HEIGHTS, MD--AvalonBay Communities has acquired a 310-unit apartment here for $83 million. The luxury development, called the Alexan…