Business Specialties
JMJ Development Breaks Ground on TX Luxury Project
Located on the northwestern corner of Windmill Farms Boulevard and Highway 80, the garden-style buildings will comprise more than 270 units.
Sidestepping the Pitfalls of Brownfield Development
Dan Drazen, project manager at Trinity Financial, details the upsides and challenges in brownfield multifamily projects and discusses the firm’s next major adaptive reuse project.
DIJ Properties Grabs Dallas Community
The firm funded the acquisition of the 386-unit property with a seven-year, $13.9 million Freddie Mac loan originated by Berkadia.
Sunrise Management Strengthens Small Property Division
Peyton Hoban will serve as director of the company’s small property department and Eric Paulin will be regional manager of the same branch.
PCS Development Completes AZ Community
The Premiere at Dana Park in Mesa includes 198 units and a Crossfit studio, a putting green and self-service mail kiosks.
Hunt JV Completes North FL Community
The 264-unit Sanctuary at 331 in Santa Rosa Beach broke ground in mid-2016, and offers a swimming pool, dog park and 3,700-square-foot clubhouse.
TX Student Housing Receives $28M Construction Loan
The 66-unit development is scheduled for completion by the 2019-2020 academic year and will serve students at the University of Texas at Austin.
Fickling & Co., Novare Group Breaks Ground on FL Community
Lullwater at Blair Stone in Tallahassee is slated for completion by the end of this year and will feature a clubhouse, swimming pool and pet park.
MWest Holdings Expands SoCal Footprint
The company has added to its portfolio Sunset Gardens, a value-add townhome community located in Canoga Park, Calif. The property will be rebranded as NoVa Townhomes.
Multifamily REITs to Flourish in Major Metros: Morningstar
According to the company’s latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a significant impact on four of the largest REITs over the next two years.