Cities
Pinnacle, Ascend to Break Ground on Miami Community
Construction will soon be underway at Oasis at Blue Lagoon, a 272-unit Class A property near MIami International Airport. Completion is scheduled for 2019.
ARA Newmark Closes Sale of $100M Denver Community
Vice Chairmen Terrance Hunt, Shane Ozment, Jeff Hawks and Doug Andrews, and Executive Managing Director Chris Cowan represented Columbus, Ohio-based developer Edwards Cos.
BPDA Approves 3 Small Boston Communities
The developments are part of a larger set of projects which passed at BPDA’s December meeting. Together, they are expected to bring online 97 units and more than 8,000 square feet of retail space.
Development Partners Obtain $27M for Miami Tower
MEC Development Associates and B Developments are constructing Casa Grove, a 130-unit community set to be complete in 2019.
LMC Constructs Denver Tech Center Apartments
Malbec at Vallagio, which will be completed in 2018, includes digital package lockers and an EV charging center.
Investors Stay Bullish, Rent Growth Slows in Baltimore
Although fueled by demand for live-work-play communities and an ongoing urban development surge, the city’s multifamily market fundamentals continue to lag behind the national trend.
Chicago Makes Room for More Growth
The metro continued to attract companies looking to relocate or expand, producing job gains in high-paying sectors, including financial activities. The city was slated to add some 9,000 multifamily units to its inventory in 2017, marking a post-recession high.
Capstone Grows TX Management Presence
The company adds another four properties with a total of 512 units to its portfolio.
Vegas Assets Trade for $115M
LivCor purchased Broadstone Flamingo West and Broadstone Talavera, which comprise a total of 674 units and are located in the eastern part of the metropolitan area.
Allied Orion Group to Manage Houston Affordable Housing
The community, located in Crosby, Texas, and currently undergoing renovations, contains 86 units and five buildings.