Multifamily

The retail town center will serve as the shopping and dining core for the long-anticipated Park Center, an ambitious mixed-use development project in Research Triangle Park that will include more than 1,000 residential units, a hotel, a conference center and more than 1 million square feet of office space.

Five of the top 10 markets for commercial and multifamily construction starts showed increased activity compared to the same period last year.

Demand for multifamily is so strong, interest rate increase likely will have little impact on multifamily investment.

Southern California investment activity was robust in the first half of 2018 with multifamily and industrial asset classes leading.

The Southport, CT-based development firm says the extremely discounted price will allow Summit Development to renovate and reposition the 1.2 million-square-foot complex.

Everett's Waterfront Place Central mixed-use development will include trails and parks, public gathering spaces, up to 660 housing units, a hotel, fine and casual dining restaurants, and retail entities.