Cities
Equus Sells $100M Communities in Virginia
Chandler Management purchased two residential properties totaling 676 units in Fredericksburg, Va. The seller, Equus, purchased both assets in 2012 for a total of $74.3 million.
The Local Breaks Ground in Tempe
Forum Real Estate Group is developing a mixed-use project that will include a nine-story apartment community with 286 units and a ground-floor Whole Foods Market 365 store.
Tishman Speyer’s Jackson Park Tops Out in NYC
The community, located in New York City’s fastest-growing neighborhood, Long Island City, Queens, will include more than 1,800 apartments and 120,000 square feet of indoor and outdoor amenities, as well as a private 1.6-acre park.
Campus Advantage Adds 2 in MO
The Lyfe and The Row add a total of 778 beds to the company’s portfolio. Both communities cater to students attending the University of Missouri in Columbia.
The Edge on Euclid Begins Leasing
The 262,000-square-foot luxury student housing community offers one- to four-bedroom units. The community is in close proximity to Cleveland State University Campus.
Landmark Lands Cleveland Lakeshore Community
Quay 55, a former warehouse converted to apartments, is now in the hands of an affiliate of Landmark Cos. Deancurt Realty Group sold the Lake Erie shoreline property after six years of ownership.
Austin’s Top 10 Largest Communities Under Development
The city’s booming economy and rapid population growth have led to a surge in housing demand in recent years. Here is a list of the biggest communities under construction in the area.
Top 10 Markets for Supply Growth
Decelerating rent growth and stagnant or falling occupancy rates suggest that developers can no longer expect the same returns experienced in recent years. As a result, development will likely slow down. According to Yardi Matrix data, these 10 markets are expected to see the greatest increases to supply this year.
Lightstone Launching Amenity-Loaded Queens Community
Located in Long Island City, ARC will feature 428 units and more than 50,000 square feet of indoor and outdoor amenities, including a salt-water pool, private and collaborative workspaces and a lifestyle director.
On the Market: 5 Interesting Listings for the Week of 7/10
This week’s listings include a 1930s-era asset in Los Angeles and a three-unit brownstone on a tree-lined block in Jersey City, N.J.