Cities
Work to Begin on Sunny Isles Beach Condo Project
Developer Verzasca Group and the Aurora sales team are moving to a new location in order for demolition to begin on the existing sales center.
Richmond Development Scores $40M Construction Loan
Berkadia arranged the financing on behalf of the developer, HHHunt Corp. First units will be available for occupancy by summer of 2018, and the community will be completed next summer.
Berkshire Group Nabs DTLA Luxury Apartments
This is the company’s second purchase in the Los Angeles market in the last year. The 266-unit community also features over 8,500 square feet of ground floor retail.
North Dallas 152-Unit Community Changes Hands
A Dallas-based partnership acquired Sienna Creek from Madera Residential. The buyer plans to rebrand the property and to implement a value-add strategy. The community is situated within the Richardson Independent School District.
Michelle Duncum Climbs the Ladder at FDG
The 25-year industry veteran was promoted to COO after almost four years at Faulkner Design Group. In her new role, Duncum will be responsible for managing the company’s daily operations.
Universe Holdings Starts LA Buying Spree
The company has added to its California portfolio with the $12.6 million acquisition of the 45-unit Villa Edgemont in Los Feliz.
Kettler Opens Luxury Community in Tysons Corner
Highgate at The Mile is a 395-unit mid-rise residential property that boasts an array of amenities and is situated within walking distance of first-class retail, restaurants and key employers, such as Freddie Mac and Hilton Worldwide.
Continental Realty Snags $61M Raleigh Community
The NRP Group sold The Edison Lofts, a seven-story, 223-unit property close to the city’s central business district.
NY Launches $20B Affordable Housing Initiative
The five-year plan was created to combat homelessness and proposes $10 billion to create and preserve more than 110,000 units across the state, including 12,000 units is designed through the newly enacted “Affordable New York” program.
NEI Completes Phase II of Boston Redevelopment
The company developed a 39-unit affordable community in the property, part of an initiative to transform as many as 11 acres of vacant lots in Boston into a mixed-use, transit-oriented development.