Secondary and tertiary markets continue to dominate the ranking, while only two large metros made the cut.
A South Los Angeles commission that advises the city’s planning department has squashed a 577-unit mixed-use multifamily and commercial development in the Park Mesa Heights.
Net apartment leasing in the Dallas area during the last six months has hit the highest volume in almost two decades. More than 16,500 apartments were leased during the second and third quarters — the greatest rental demand of any major metro area in the country, according to RealPage.
JLL brokered the sale of Augusta, a 210-unit property that includes ground-floor retail.
The Christopher represents the second phase of RED Development’s project The Union, a mixed-use property located in the city’s Uptown area.
The new owner will rebrand the 360-unit community and implement a capital improvement program.
Apartments are a huge part of the Dallas-Fort Worth economy, responsible for billions of dollars and tens of thousands of jobs a year, and yet there are not nearly enough of them.
Despite protests from some North Texans against plans to approve additional multifamily construction in suburban communities, data from ApartmentData.com shows multifamily product in Dallas-Fort Worth remains in high demand.
