Cities
2018 NYC Investment Predictions: Douglas Elliman
Team leader Yair Tavivian discusses the up-and-coming New York neighborhoods, as well as the biggest surprises of last year and how he sees them playing out.
Tempe Luxury Property Trades for $73M
Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.
Newman Garrison + Partners Bringing TOD to CA
Construction on the 352-unit project in Woodland Hills is expected to commence in 2019 and is slated for completion by 2022.
HFF Arranges $96M for DC Development
EastBanc’s 176-unit property will feature a courtyard, rooftop pool and cafe. Groundbreaking is slated for early 2019.
Berkadia Brokers 311-Unit San Antonio Community Sale
PEM Real Estate Group acquired Legacy Flats, a 10-building garden-style multifamily property in San Antonio. White-Conlee Builders completed the asset in 2016.
Rittenhouse Realty Closes $6M Sale in Philly
The four-story building comprises 15 units and a commercial ground floor component, a space currently leased to Sherwin Williams.
Luxury Community Breaks Ground in South Austin
The 300-unit development is owned and managed by Oden Hughes, and is scheduled to open in 2019. This is the company’s sixth residential project in the area.
JV to Develop 175-Unit Affordable Property in Upper Manhattan
Community League of the Heights, Ranger Properties, Alembic Community Development and the Children’s Village will build The Eliza, a fully affordable community that will include a renewed Inwood Library.
Cogswell Lee Tops Out on Lower Manhattan Condos
Gluck+ designed the seven-story boutique property, which will offer 45 luxury units on the former site of the Lower East Side’s last matzo factory.
On the Market: 5 Interesting Listings for the Week of 3/5
This week’s multifamily listings include a portfolio in Denver’s Glendale market and newly converted condominiums in Scottsdale, Ariz.