Carroll Organization Acquires Gables San Remo in Coral Springs
Atlanta-based Carroll Organization has announced that it has acquired the 180-unit Gables San Remo in Coral Springs, Fla., marking the company’s 13th major multifamily purchase in the Sunshine State.
Sterling Properties Begins Leasing First Building at RiverBend East at Wappingers Falls
Sterling Properties has announced that is has begun leasing in the first building of the company’s new development RiverBend East at Wappingers Falls in Dutchess County, N.Y.
Prime Property Investors Top-Off at Alexan at Auburn Lakes in Houston
Prime Property Investors has announced that construction on Alexan at Auburn Lakes in Houston has topped off on the community’s nine three-story buildings. The company partnered with Trammel Crow Residential to develop the 346-unit garden style community.
Bernards Finishes Construction on BRE’s Wilshire La Brea in Los Angeles
Bernards has announced the completion of the $105 million Wilshire La Brea mixed-use development located in Los Angeles’ Mid-City neighborhood. The property was developed by San Francisco Based BRE Properties, which will also manage the rental community.
Chozick Realty Brokers 96-Unit Student-Oriented Community Near UConn
Chozick Realty announced that it has brokered the sale of the 96-unit Orchard Acres Apartments community located near the University of Connecticut in Storrs, Conn.
CHW to Break Ground on Green Affordable Housing Community in Vista, Calif.
Community HousingWorks will hold a ground breaking ceremony to kick off construction on its latest development, North Santa Fe Apartments.
HFF Arranges Debt Construction Financing, Joint Venture Equity for Class A Community
HFF has announced that it has brokered the debt construction financing and joint venture equity for NOVUS Odenton Station in Odenton, Md. The borrower is NOVUS Residences, which is targeting completion of the Class A, transit-oriented community by early 2015.
Grand Opening Announced for New Waldwick Townhome Community
The K. Hovnanian Homes townhomes development, Farm Estates, has announced that it will soon hold a grand opening celebration at the community’s site in Waldwick, N.J.
California Market Report May 2014-Additional California Markets
As reported in the May edition’s California Market Report, San Francisco remains California’s top market for multifamily growth, while Los Angeles and San Diego are experiencing a slower recovery from the downturn. The state as a whole is showing improvement, albeit slow, on the development front and acquisitions of existing assets remains extremely competitive in most of the markets around the state.
Groundbreaking for Second Trump Plaza Building in Jersey City Expected in June
Developers of Trump Plaza in Jersey City, N.J., are gearing up for the ground breaking on the second tower of Trump Plaza in Jersey City after the city council approved a 5-year tax abatement on the property last week.