Business Specialties
Novare, Batson-Cook and Grubb Proceed on Charlotte’s SkyHouse Uptown
A partnership is moving forward with a 24-story luxury tower in Charlotte’s Fourth Ward neighborhood. The asset is the 11th developed under the SkyHouse brand.
Kaplan-Morgan JV Announces Plans for One City Walk in Sandy Springs, Ga.
Kaplan Residential and George S. Morgan Development Company Inc. announce plans to build a luxury mid-rise, mixed-use community in the master planned development known as City Center in Sandy Springs, Ga.
Ascend Developing Apartments at Vacant Florida Trailer Park
Ascend Properties details a $32 million plan to redevelop a vacant trailer park in Wilton Manors, Fla., into a 173-unit community. The asset will fit into the local TOD corridor, and will include traffic calming measures.
Developer Confidence Slides in Fourth Quarter 2013
The National Association of Home Builders found that developer confidence slipped in the fourth quarter of 2013, citing a four-point drop to 50 in its Multifamily Production Index (MPI).
CHW Remodels, Upgrades California’s Los Robles HUD Apartments
Community Housing Works completes a major remodel and upgrade to a 40-year-old HUD community in Vista, Calif. The program involved investing $1.2 million into green upgrades. Check out a before and after slideshow.
Leasing Begins at Eleven55Ripley in Suburban D.C.
Home Properties has started leasing its newly constructed multifamily property, Eleven55Ripley. The asset, which is now the tallest building in Silver Spring, Md., features apartments, townhomes and a public pocket park.
Zocalo Sells Denver’s Cadence Union Station Apartments
An Invesco client picks up a Denver apartment asset from Zocalo Community Development and Principal Real Estate Investors.
What Lies Ahead for the Multifamily Market?
After several years of white-hot performance, the nation’s multifamily sector is beginning to post more normalized numbers.
TODAY’S DEALS: Aztec Group Secures $7.5M for Fractured Condo
Aztec Group provides financing for 144 units in Fort Lauderdale; Cohen Financial secures $37 million for five properties; and Marcus & Millichap brokers a 259-unit sale in South Carolina.
RFR, Vanke Break Ground on Luxury Condo Tower in Manhattan
RFR Holding and Vanke, China’s largest residential developer, broke ground Tuesday on 610 Lexington Ave., a luxury residential condominium on East 53rd Street in Midtown Manhattan.