Greg Isaacson is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. He has been writing about the real estate industry in the U.S. and Asia Pacific since 2014. Connect with him on Twitter: @gregisaacson
Work Starts on $100M Tampa Luxury Project
Index Investment Group has teamed up with local developer Richard Coley to bring a 444-unit apartment community to the Gulf Coast.
Condo Prices Tick Up in Downtown Miami
Americans are buying more condos as foreign capital eases back, while multifamily developers rush to meet rental demand, according to a new report by the Miami Downtown Development Authority.
Work Starts on 103-Unit NJ Affordable Project
Volunteers of America Delaware Valley is building the community, Centerton Village, in the township of Mount Laurel. Funded in part by NJHMFA, the project is slated for completion in May 2020.
Novare Group Breaks Ground on Birmingham Community
The developer is building Foundry Yards, a 268-unit luxury residential project in the city’s growing Parkside District, in concert with Prestwick Cos. and Batson-Cook Development Co.
Wood Partners Breaks Ground on 300-Unit Phoenix Project
Slated to open in the second quarter of 2020, the developer’s Alta Warehouse District community is one of the first multifamily projects in the revitalized downtown neighborhood.
FirstService Tapped to Manage Luxury Atlanta Community
The property management firm is adding the luxury Park Regency Condominium in the city’s Buckhead neighborhood to its portfolio. The 25-story asset sits across from Phipps Plaza.
Tower 16 Capital Partners Buys Inland Empire Community for $63M
The value-add investment and management firm purchased the 352-unit asset in Colton, Calif., from FPA Multifamily and will invest an additional $4 million in renovations and upgrades.
Student Housing Portfolio Lands $92M Loan
Aspen Heights and Safanad secured the financing for three properties totaling 1,653 beds in Iowa, Texas and South Carolina.
Little Rock Community Lands $36M Loan
The new, 294-unit community developed by Huffman & Co. received the 12-year financing from Fannie Mae’s Delegated Underwriting and Servicing (DUS) program. Greystone originated the transaction.
Starlight Adds $80M Arizona Community to Portfolio
The investment firm’s U.S. multifamily vehicle acquired the 282-unit luxury property in the city of Scottsdale from Sunridge Apartments, adding to its network of recently completed assets in Southern metro areas.