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Industry News

Stay current with the latest news in the income property industry.


Breaking Multihousing News from Charleston

Jun 26, 2017

West Ashley, one of the six districts of Charleston, is getting a brand-new apartment complex valued at around $48 million. Local developer Middle Street Partners has started work on Atlantic at Grand Oaks, a 316-unit apartment community on Ashley Gardens Boulevard. The property is close to West...

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New Affordable Housing Development for Rhode Island

Jun 23, 2017

A neighborhood party will be held tomorrow at Branch and East Streets in Pawtucket, Rhode Island, to commemorate the start of work on the 46-unit Branch Blackstone affordable housing complex The event is organized by Pawtucket Central Falls (PCF) Development Corporation. Seventeen existing...

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MG Properties Group Pays $134 Million for California Community

Jun 22, 2017

In the latest multifamily news from San Diego, local property investor and operator MG Properties Group (MGPG) has announced that it has bought the 410-unit Alexan Melrose Apartments in Vista, California. Alexan Melrose is a high-end apartment complex that was constructed two years ago. The...

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SkyHouse Uptown South Tower in Charlotte Opening Tomorrow

Jun 21, 2017

On June 22, Batson-Cook Development Co. and Novare Group will officially open SkyHouse Uptown’s South Tower in Charlotte, North Carolina. The upmarket mixed-use development is the two firms’ second 24-story apartment complex with retail space on the ground floor in the city’s Fourth Ward....

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Two-bedroom Apartment Rent Now Unaffordable For Minimum Wage Earners

Jun 19, 2017

According to an annual report by the National Low Income Housing Coalition released a few days ago, there is currently nowhere in the US where anyone who is earning a full-time minimum wage can still afford to rent an average two-bedroom apartment. Most minimum wage earners will even find it...

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This blog is for informational purposes only, and is not an advertisement for a product or service. The accuracy and completeness is not guaranteed and does not constitute legal, financial, or tax advice. Please consult with your own legal, financial, and tax advisors.

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