Business Specialties
JLL Arranges 430-Unit Vegas Sale
Monogram Realty Trust sold Veritas Apartments in a transaction completed by JLL Vice Presidents John Cunningham and Charles Steele. Farnam Realty acquired the asset.
PB Bell, Gilbane Start Work on Phoenix Project
The joint venture broke ground on resort-style apartments in the Ocotillo master-planned community in Chandler, Ariz. Arista at Ocotillo will feature 211 units and reflects the Santa Barbara style of design.
Seattle Mixed-Use Project Lands $80M Refi
The more than 183,000-square-foot development comprises a 158-key hotel and a 93-unit community. Proceeds are being used to pay off the existing construction loan.
Ceruzzi Gets Massive Loan for Midtown Manhattan Condos
The company received $300 million for completion of a 72-story building with 124 condos, 7,500 square feet of retail space and a 25-space garage.
$14M Affordable Housing Opens in Chicago
A joint venture has opened Harvest Homes, the first new housing of this type to be built in the East Garfield Park neighborhood in more than 30 years.
TruAmerica JV Acquires $90M San Diego Community
The 519-unit Eagles Point in Escondido, Calif., comprises studio, one- and two-bedroom floorplans ranging from 440 to 995 square feet. The community will undergo TruAmerica’s largest renovation plan in company history.
The Amenities Race
Today’s residential market strives to meet a broader, more diverse set of resident needs than ever before. Daun St. Amand from CallisonRTKL sheds light on how amenities are constantly changing and what multifamily developments need to offer in order to stay relevant.
RD Olson Breaks Ground on 4th Affordable Community
The general contracting firm is building a 55-unit affordable housing asset in Fullerton, Calif. IDS Group serves as the architect and Related California is the developer.
JV Wraps Up NYC Mixed-Income Community Makeover
Nelson Management Group and L+M Development Partners have completed a complex, four-year renovation of the 318-unit Promenade Apartments in the Bronx.
Impact 360 to Open New Georgia Campus
Located in Pine Mountain, the 36,000-square-foot academic building is being managed by JLL.