PMG Announces Plans for Development at University Village in Chicago
Property Markets Group has announced its plans to develop a new $35 million residential project near the University of Illinois at Chicago campus in the University Village neighborhood.
Argos Development’s The Montrose Residences have Sold Out
Real estate marketing company Urban Pace LLC has announced that all the condominium homes at The Montrose Residences, a 15-unit low-rise community in Washington’s prestigious Georgetown neighborhood, have sold. The building, the former home of Henry and Anne Hurt Home for the Blind, has recently undergone a three-year renovation and all of the luxury units were sold just six months after the project’s completion.
L+M Development Opens Final Phase of Candlestick Heights
Affordable housing developer L+M Development Partners recently announced the official opening of the long-stalled Candlestick Heights affordable housing community in San Francisco’s Bayview Neighborhood.
iStar Financial Records Highest Volume of Sales in Atlanta for First Half of 2014
iStar Residential has announced that it has recorded almost $16 million in sales at the Residences at Mandarin Oriental, Atlanta, a 42-story building that is a combination of hotel units and personal residences.
Apartment Market Remains Strong in First Half of 2014
According to a recent report from apartment research company Axiometrics, the U.S. apartment market has remained strong through the first half of 2014, thanks in part to low concession rates, high annualized rent growth and occupancy rates.
CDT Reaches $1B in Cumulative Investments on Organization’s 15th Anniversary
The nation’s first and largest private REIT, Community Development Trust, has announced that it has surpassed the $1 billion mark in cumulative investments in affordable housing after closing on a $40 million portfolio in California. The accomplishment coincides with the organization’s 15-year anniversary.
Pre-Leasing Commences at New Vernon Hills, Ill., Luxury Community
REVA Development Partners has announced that is has started pre-leasing for its 304-unit luxury community The Oaks of Vernon Hills in the Chicago suburb of Vernon Hills, Ill.
The Towbes Group’s Willow Springs Phase II Fully Leased Ahead of Schedule
The Towbes Group has announced that all units in the Phase II component of its Goleta, Calif. community, Willow Springs, have been leased about three months ahead of schedule.
NYSERDA Partnership to Boost Financing for Clean Energy Projects in NY
The New York State Energy Research and Development Authority has announced a partnership with the Energy Improvement Corporation that will enable Commercial Property Assessed Clean Energy financing to direct low-cost capital toward multifamily and business projects across the state.
Boston Capital to Invest in Two Affordable Housing Projects in N.C.
Boston Capital has announced that it will invest in the construction of two affordable multifamily community projects in North Carolina. The projects include Lockwood Village Apartments in Wilmington, N.C., and Ravenswood Apartments in Wilson, N.C.