Mack Urban, Mill Creek Break Ground on $50M Playhouse District Project
A joint venture between Mack Urban and Mill Creek Development Company, including equity partner Cigna Investment Management, has announced it is breaking ground on a new $50 million, mixed-use, luxury community in the city’s historic neighborhood.
Jasper Venture Group to Convert Queens Hospital to Condominiums
New York-based Jasper Venture Group has announced its plans to convert the vacant Parkway Hospital site in Queens’ Forest Hills neighborhood to luxury condominiums. The site features 107,142 square feet and a parking lot.
NRP Group Sells 288-unit San Antonio Luxury Community
The NRP Group LLC announced that it has sold the luxury community Belleza at Cresta Bella Apartments in San Antonio to Illinois-based REIT, Inland, which purchased the community for an undisclosed price. CBRE brokered the transaction of the 98-percent leased community.
Consultatio Receives $332M Loan for Oceana Bal Harbour Development
Consultatio has secured a $332 million loan from several banks led by HSBC Holdings to move forward with the ultra-luxurious Oceana Bal Harbour development in Miami’s Bal Harbour neighborhood.
Bridge Housing and Community Housing Partnership Unveil Latest San Francisco Development
Non-profits Bridge Housing and Community Housing Partnership have unveiled their latest mixed-use affordable housing development, Rene Cazenave Apartments, in San Francisco’s evolving Transbay neighborhood.
Shamrock Communities Announces Re-Opening of Indianapolis Community
Shamrock Communities kicked off the grand re-opening of Cottages of Fall Creek Apartments in Indianapolis with an on-site ribbon cutting ceremony to celebrate the repositioning of the community.
Annex Student Living Continues to Increase Collegiate Portfolio
With the addition of three Midwest assets over the past year, Indianapolis-based student housing developer Annex Student Living increased its portfolio by $35 million and has contracts in place to grow its total assets to nearly $100 million by 2016.
Garden Communities Begins Leasing at Woodcrest at Clark in Clark, N.J.
Garden Homes subsidiary Garden Communities has announced the opening of the first of four apartment buildings in the company’s active adult community Woodcrest at Clark.
Greystone Provides $32.5M Refinance to Luxury Florida Community
Greystone announced that it has secured $32.5 million in HUD refinancing for a Port St. Lucie, Fla. luxury community owned by K&J Residential.
Meta Housing Corporation Breaks Ground On Affordable Housing Community in Vernon, Calif.
Meta Housing Corporation has announced that it has broken ground on its latest community, Vernon Village Park. The project is the first-ever new private multifamily development in California’s smallest incorporated city, which totaled a population of 112 in the 2010 U.S. Census.