Business Specialties
MHN Interview: JLL’s Darcy Miramontes
Recently hired as an EVP, Darcy Miramontes talks to MHN about how she plans to help Jones Lang LaSalle capitalize on a hot apartment market in Southern California.
Urban-Infill Student Housing under Construction in Richmond
The Collegiate, a 269-unit student-housing community in Richmond, will combine large-unit designs and townhouse style with the vibrancy and convenience of urban living.
Foster to Design Massive Project on Toronto Lakefront
Toronto–The joint venture 3C Lakeshore Inc. has picked Foster + Partners to design its new Toronto waterfront project, which will include about 2,000 residential units.
TODAY’S DEALS: IPA Sells Newly Constructed L.A. Community for $133M
IPA completes the sale of a newly constructed 438-unit property in Los Angeles for $133 million; Tryko picks up a campus of age-restricted properties in West Philadelphia; and GFI sells a rent-stabilized building in Brooklyn for $5.15 million.
Work Begins on Affordable Seniors Housing in Gurnee
Gurnee, Ill.–Credit Capital L.L.C., together with partner Richman Group, have underwritten a $20.2 million private equity investment to construct an affordable seniors-housing complex.
Boston Capital Closes One Fund, Launches Another
Boston–Boston Capital Corp., a long-time player in multifamily investment, has closed one fund and is now putting another together for the acquisition of apartment properties.
Former NYC Brownfield Now Site of Affordable Housing
New York–Developed by three partners working together, the mixed-use, low-income La Terraza rental development has been recognized for its affordable brownfield redevelopment.
Wilshire and La Brea Project Recognized, but Not Underway
Los Angeles–A planned mixed-use mid-rise that will include 478 units recently won a Gold Nugget Award but, as yet, has no specific timetable for construction.
Keystone Crossing Project Elevates Indy Luxury Rental Market
Flaherty & Collins Properties is transforming one of two Sheraton Hotel towers at I-465 and Keystone Avenue on Indianapolis’ north side into a new high-rise luxury apartment building.
Campus Suites Communities Go to Head of Class
Orlando-based Campus Suites is figuring out that today’s student housing market has a higher expectation built in than it once did.