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Multi housing News | April 02, 2020
A new luxury community filled with amenities and local art is now open. Mortenson Development has completed Rafter, its 283-unit multifamily community in northeast Minneapolis. Mortenson, along with US Bank, hired Cuningham Group as the project’s architect, conceptual and interior designer. Located at 333 Hennepin Ave. E., Rafter offers studios, one-, two- and three-bedroom floorplans with penthouse options. At 26 stories tall and totaling 407,530 square feet, the property will also house ...
Pennsylvania Association of Realtors | May 11, 2020
Every other state in the country has recognized that real estate professionals provide a life-sustaining service and that housing is a vital part of people's lives as well as the economy.
The state has given multiple inconsistent guidelines...
REAL ESTATE TECHNOLOGY
Google Cloud | September 08, 2021
International real estate group Lendlease and Google Cloud today announced a new global partnership aimed at transforming the construction and operation of buildings and cities around the world. Working together, the two organizations will help usher in safer, more sustainable, and efficient urbanization projects globally by partnering in three key areas: advancing Lendlease's next-generation IT strategy; integrating new artificial intelligence (AI), machine learning (ML), and smart data fea...
REAL ESTATE INVESTMENT
Security Properties | December 24, 2021
On December 14, 2021, Security Properties purchased Martingale, a Class A multifamily property located in Lacey, WA for $92,000,000. Security Properties now owns 27 assets totaling over 5,900 units in the Puget Sound marketplace.
Martingale was constructed in 2020 and consists of 240 units spread out across 10 residential buildings and 11.2 acres. The residential units are a mix of studio, one and two-bedroom floorplans with an average unit size of 849 SF.
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