The Colony and its adjacent community, Frisco tied for the most expensive city in Texas with one-bedrooms both priced at $1,620, according The Zumper Dallas Metro Report. Zumper analyzed active listings last month across metro cities to show the most and least expensive cities and cities with the fastest growing rents. The Texas one bedroom median rent was $1,126 last month. Besides The Colony and Frisco, Grapevine was the second priciest with rent at $1,470. Plano & Dallas tied for third with rents both at $1,450.
The least expensive was Arlington, ranked third, with rent at $1,080. Benbrook ranked as the second least expensive, with rent at $1,020. Cleburne was the most affordable city, with one-bedroom units priced at $1,000.
Cleburne had the largest monthly rent price decline, dipping 5.7%. Irving was second with rent falling 3.2%. Denton ranked as third with rent decreasing 2.7% last month.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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