Business Specialties
Resource Residential Revamps 400-Unit OC Community
The Bryant at Yorba Linda Apartment Homes is undergoing a multimillion-dollar renovation.
Dominium Expands Orlando Presence
The Minneapolis-based developer has acquired the 120-unit Chelsea Park Apartments, with plans to renovate the community and upgrade its amenities.
LMC Tops Off Dallas Mixed-Use Community
The 23-story mixed-use development will feature 285 apartments, 20,000 square feet of ground-floor retail and a luxury movie theater. Preleasing will begin in May, with first move-ins set for August.
Berkadia Closes $35M SoCal Apartment Sale
A California-based investor purchased the 128-unit community in Fullerton. The multifamily asset last traded in 2012 for a little over $20 million.
JLL Brokers Downtown Phoenix Land Sale
Due to rising rents, as well as employment and population growth that keep demand high, Clark Street Holdings acquired 1.3 acres on which it plans to develop a residential high-rise property.
Miami Luxury Condo Project Lands $236M Financing
The 64-story luxury condominium project scheduled to be completed in 2019, will offer 549 units, 60 percent of them being already sold.
Embracing Efficiency
Since the Great Recession, the U.S. has increasingly become a renter nation. Renters encompass more than one-third of total U.S. households, with 18.7 million households residing in buildings with five or more units, according to National Multifamily Housing Council data.
Tech Topics: EdR Helps Students Move In, Plug In
Public REIT EdR owns some 45,000 beds in 80 campus communities, and has been in business for more than 50 years. CTO Scott Casey considers what students expect from their living environments and describes how EdR delivers cost-controlled, secure solutions to university residents.
Q&A: Commercial Bridge Loans in 2017
Bob Sullivan, a partner in Alston & Bird’s Finance Group, discusses the current trends in this niche market, which offers flexible arrangements as an alternative for short-term financing.
WC Smith Lands $183M Refi Through Green Certification Program
The company is using the loans, originated by Walker & Dunlop, to refinance Park Chelsea and 2M, two LEED-certified communities in Washington, D.C.