Business Specialties
PMG Gets $154M for FL Mixed-Use
The development will be constructed under the company’s new PMGx multifamily housing division, which comprises “social living” rental communities that cater to professionals who seek a more community-oriented lifestyle.
Managing the Uncertainties of Home Security
The process to replace and change mechanical key locks can be expensive and time consuming for both residents and property managers, making the switch to electronic access a more efficient option.
Austin’s Top 10 Largest Communities Under Development
The city’s booming economy and rapid population growth have led to a surge in housing demand in recent years. Here is a list of the biggest communities under construction in the area.
Top 10 Markets for Supply Growth
Decelerating rent growth and stagnant or falling occupancy rates suggest that developers can no longer expect the same returns experienced in recent years. As a result, development will likely slow down. According to Yardi Matrix data, these 10 markets are expected to see the greatest increases to supply this year.
Lightstone Launching Amenity-Loaded Queens Community
Located in Long Island City, ARC will feature 428 units and more than 50,000 square feet of indoor and outdoor amenities, including a salt-water pool, private and collaborative workspaces and a lifestyle director.
On the Market: 5 Interesting Listings for the Week of 7/10
This week’s listings include a 1930s-era asset in Los Angeles and a three-unit brownstone on a tree-lined block in Jersey City, N.J.
BRT Nabs 509-Unit DFW Community
BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.
JV Shells Out $118M for Philly Community
Korman Residential and The Carlyle Group acquired 3737 Chestnut in the University City district for $118 million from Radnor Property Group.
LMC Opens Mixed-Use Community in AZ
Nexa, located in North Tempe, Ariz., consists of 399 units and 4,300 square feet of ground-floor retail. The community is part of a larger redevelopment plan for the Apache Corridor.
DDG Breaks Ground on Luxury FL Condos
The 30-unit property in Palm Beach began unit sales earlier this year, starting at $1.9 million. Completion of the development is scheduled for late 2018.