Cities
Landmark, CityLife to Develop Midtown Atlanta Student Housing
Landmark Properties and CityLife Development Partners completed the land purchase for construction of a 28-story mixed-use student housing development near Georgia Tech in Midtown Atlanta.
MA Affordable Housing Project Lands $23M
MassHousing arranged the financing through JP Morgan Chase on behalf of Just-A-Start for the renovation and reconstruction of 112 affordable units in Cambridge, Mass.
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.