News/Events
Porter Kyle Adds New 100-Unit BTR Community to East Valley Portfolio
Porter Kyle, a Scottsdale-based Build-to-Rent (BTR) developer and general contractor, opened the doors to The Wayne, a 100-unit BTR townhome community in Chandler, Ariz. Residents are moving in, and the clubhouse and first four buildings at the community have been transitioned to Mark-Taylor for ongoing lease-up and property management. The opening caps a 20-month build…
ParkProperty Acquires 280-Unit Buckhead Apartment Community
ParkProperty Capital acquired The Jane, a 280-unit multifamily in the Brookwood district of Atlanta, adjacent to Buckhead. The property was traded for $75 million. CWS Capital Partners was the seller. The property was named after the local golf legend Bobby Jones’ putter, Calamity Jane. Brookwood sits adjacent to the Bobby Jones Golf Course. Once called…
Sixth Street Pays $190M for Key West Resort
Sixth Street acquired the Pier House Resort & Spa, a 142-room, luxury oceanfront resort in Key West, Florida, for $190 million from Braemar Hotels & Resorts. Sixth Street completed the transaction in partnership with Riller Capital. Financing for the transaction was provided by Starwood Property Trust. Situated on five acres at 1 Duval Street, Pier House…
Xebec Snags Financing for 687K-SF Savannah-Area Industrial Development
Xebec closed on $30.49 million in joint-venture equity alongside $39.95 million in construction financing for Black Creek Commerce Center, a three-building Class A industrial development in Black Creek, Georgia. not far from Savannah. JLL secured the construction loan from Seacoast Bank and placed the joint-venture equity with a private investment group. Scheduled to deliver in…
Producer Prices Flat in July as Goods Costs Fall
U.S. producer prices were unchanged in July as declining goods costs balanced out increases across services and construction, according to data released by the Bureau of Labor Statistics. The Producer Price Index for final demand remained flat on a seasonally adjusted basis after edging down 0.1% in June and advancing 0.5% in May. Over the 12 months…
Walker Webcast: McKinsey’s Aditya Sanghvi Discusses Why and How Agentic AI Can Be Tailor-Made for Rental Housing
Artificial intelligence, particularly the agentic kind, could help rental housing owners and operators automate tasks, coordinate maintenance and improve resident retention. But getting there involves more than installing a new technology. “I would put out there that rental housing is perfect for AI,” said McKinsey & Co. senior partner Aditya Sanghvi, a leader of the…
Data Center Owners Set Ambitious Climate Targets. Emissions Are Skyrocketing Instead
Leading data center owners and operators miss carbon targets as AI-driven growth spikes emissions.
Vornado, Related's Google-Anchored Office Building Faces 'Imminent Default'
The $625M debt on the Chelsea office building matures in December.
Sponsored Content: Expanding Access While Maintaining High Standards: How To Navigate Multifamily Vacancy Pressures
With overall rents across the country down 1.2% compared to a year ago, all multifamily operators need to analyze their leasing strategies.
