By Matthew Marin, Associate EditorPlantation, Fla.–Madison Capital Group LLC, a Miami-based real estate investment firm, has acted as exclusive financial advisor to American Land Ventures and arranged joint venture equity for a luxury mid-rise apartment community in the Midtown District of Plantation, one of Broward County’s most affluent suburbs. The Residences at the Fountains, a 251-unit, $84-million residential property, is the first phase of a two-phase residential development with construction anticipated to start in the first quarter of 2008 with occupancy expected in late 2009.   Recognizing the strong local economy and the lack of recently completed multi-housing product in Plantation,…

By Matthew Marin, Associate Editor  Yakima, Wash.–An environmentally friendly and affordable garden-style apartment complex for individuals and families earning 50 percent or less of the area median income recently opened in Yakima, Wash. Next Step Housing, the largest owner and operator of service-enriched, special needs housing in Eastern Washington; the Office of Rural and Farm Worker Housing; Enterprise Community Investment; Washington State Housing Trust Fund; and other development partners participated in the construction of Pear Tree Place, which comprises 26 units for successfully recovering substance abusers, homeless people and adults with developmental disabilities. The first tenants, including families with children,…

By Matthew Marin, Associate EditorChicago–Finding its mark with design-savvy buyers looking for a sophisticated city residence with high-end finishes and spacious floor plans, Superior 110, a high-rise condominium development in Chicago, is about 50 percent sold with first deliveries available in fall 2008, announced the project’s locally based JFJ Development.Superior 110, a 27-story, glass-and-steel building, features 62 units, offering floor plans of one bedroom plus a den to three bedrooms plus a den, one-and-a-half to three-and-a-half baths, and 1,150 to 2,820 square feet of living space. Base prices start in the $500,000s, and parking is available for $40,000 to $48,000…