Business Specialties
Penn State Development Breaks Ground
Scheduled for completion in 2020, the 12-story mixed-use complex in State College, Pa., will have 227 apartments and 30,000 square feet of retail space.
Common, CityPads Break Ground on Chicago’s Largest Co-Living Home
Upon completion, Common Addams will include 223 beds and access to more than 5,000 square feet of shared amenity space, marking the partnership’s third project in the city.
Hines to Develop Luxury Community in Phoenix
The company’s first multifamily project in the city will target professionals working in the downtown area and looking for a high-end lifestyle in a core location.
Quay Tower: Behind Brooklyn’s First Smart Condo Building
RAL CEO Robert Levine and Douglas Elliman’s Molly Townsend unveil details about the upcoming high-rise—a testament to their companies’ smart-living philosophy. Their strategic partnership with Amazon will offer total smart home automation to all residents.
Suburban Atlanta Asset Changes Hands
Domum Real Estate Partners traded the 175-unit community for more than $22 million, with the buyer financing the acquisition with a $15 million Freddie Mac loan.
29SC Expands Houston Presence With Value-Add Asset
The privately held firm plans to invest more than $2 million in capital improvements in the 17-building community located 23 miles northwest of downtown Houston.
2 Affordable WA Assets Land Acquisition Loans
Hunt Real Estate Capital has secured $5.5 million in funding for Colvos Terrace and Street Fawcett, two communities in Tacoma totaling 87 units.
CIM Group Breaks Ground on Final Phase of LA Mixed-Use
Upon completion, the project will offer a total of 338 units—32 of which will be designated as affordable—and 58,300 square feet of retail space.
Emma Capital Buys Atlanta Property for $36M
The Toronto-based company has expanded its presence in the U.S. with the acquisition of a 392-unit community located in the Northlake suburb.
New Charleston Asset Receives $32M Freddie Mac Loan
Grandbridge Real Estate Capital closed the 11-year, non-recourse financing for an upscale property completed last year.