IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here—Twitter: @IvyLeeRosario and LinkedIn: https://www.linkedin.com/in/ivyleerosario/
Luxury Condos Coming to Perdido Key, FL
Developers Meridian Realty Advisors and Premier Development Group’s community, which is built on a private beach, is scheduled to open in the summer of 2019 and is already 40 percent sold.
Decron, Sequoia Trade CA Assets in $193M Transaction
Sequoia traded The Villas and Overlook, located in the 4,000-acre master-planned community of Wood Ranch, for Decron’s Broadstone at Strawberry Creek. Institutional Property Advisors represented both companies.
Workforce Housing’s Monumental Growth
Gregory Lozinak, CEO of Monument Capital Management, discusses the company’s commitment to affordability, his biggest influences in the industry and his goals for 2017.
Steadfast REIT Snags Dallas-Area Community for $44M
The 300-unit Point at Vista Ridge, which is 94 percent occupied, will be conducting an apartment overhaul as part of the company’s value enhancement strategy.
JV Opens $30M Workforce Housing in Sacramento
The 77-unit West Gateway Place, co-developed by Jamboree and the West Sacramento Housing Development Corp., is designed to achieve a LEED Silver certification.
Continental Realty Acquires $47M TN Community
The purchase was made on behalf of Continental Realty Fund IV LP. This represents the fifth residential community and ninth asset purchased by the fund, as well as the first in Tennessee.
Oden Hughes Breaks Ground on San Antonio Project
The 308-unit community is being built as part of The Rim, a 700-acre mixed-use development that also includes office and retail. Residences are scheduled to open in mid-2018.
Richmond Development Scores $40M Construction Loan
Berkadia arranged the financing on behalf of the developer, HHHunt Corp. First units will be available for occupancy by summer of 2018, and the community will be completed next summer.
NY Launches $20B Affordable Housing Initiative
The five-year plan was created to combat homelessness and proposes $10 billion to create and preserve more than 110,000 units across the state, including 12,000 units is designed through the newly enacted “Affordable New York” program.