Wood Partners Begins Construction on Fourth Multifamily Project in Los Angeles County
Wood Partners has broken ground on its 300,000-square-foot Alta South Bay community, marking the company’s fourth multifamily project in Los Angeles County.
The Lightstone Group’s Gantry Park Landing More Than 50 Percent Leased
New York-based aptsandlofts.com has leased more than 50 percent of The Lighthouse Group’s Gantry Park Landing community, which has been on the market for a little more than 10 weeks.
53 Broadway Thriving in Brooklyn’s South Williamsburg Neighborhood
New York developer Adam America, in partnership with The Horizon Group, is reveling in the success of its new 53 Broadway community in Brooklyn’s South Williamsburg neighborhood after nearly two-thirds of the building’s apartments were leased in its first three weeks on the market.
Bernards Kicks Off Construction on Glendale Mixed-Use Project
Los Angeles-based commercial builder Bernards has started construction on a 315,391-square-foot mixed-use project in Glendale, Calif., that will take aim at the Gen-Y cohort of renters.
Sustainable Mixed-Use Building Nearly Complete in Brooklyn’s Brighton Beach Neighborhood
Construction is nearly complete on Bright ‘n Green’s fully-sustainable, six-unit, mixed use community in Brooklyn’s Brighton Beach neighborhood.
Fannie Mae Says Multifamily Development is Rebounding, But Single-Family Units Still Dominate Rental Market
A decline in home-ownership rates would seem to suggest a boom for the multifamily industry, but a shift in renter preference from multifamily to single-family homes and a growing desire for home ownership may force industry professionals to re-think how they attract the key age group of renters to their communities.
Canyon Multifamily Impact Fund Acquires its First Community
Canyon Capital Realty Advisors and Citi Community Capital announced that they have acquired their first community, The Fountains at Palmdale, for its joint-venture fund, the Canyon Multifamily Impact Fund.
Oden Hughes Set for Construction of 950-Unit Community Starting in 2014
Austin-based Oden Hughes and Desarrollos Delta of Monterrey, Mexico, have announced that they will begin the first phase of construction on a 950-unit, multifamily community in the Northwest area of San Antonio beginning in early 2014.
Carroll Organization Acquires Lakeview Lofts in Houston
Carroll Organization has finalized the purchase of Lakeview Lofts in the Bear Creek/Copperfield submarket of Houston, bringing the company’s 2013 multifamily acquisition totals to more than $700 million.