Cities
Wood Partners Opens North Carolina Apartment Property
The Bristol is now leasing in Morrisville, N.C. The 260-unit property was developed by Wood Partners as part of Park West Village, a 100-acre mixed-use development.
Hartz Buys 266-Unit Apartment in Austin
CBRE represents Hartz Mountain Industries in the acquisition of a 266-unit apartment in Austin’s central business district.
MARKET SNAPSHOT: Job Growth, Increased Apartment Demand Expected to Revitalize Detroit
Detroit may be bankrupt, but its thriving real estate market could be a veritable lifebelt leading to the city’s recovery.
BC Properties Acquires Nashville Apartment for $57M
BC Properties has acquired the Lakes of Bellevue, a 624-unit apartment community, for $57 million from Harbor International Group.
The Chetrit Group Obtains $160M in Financing for NYC Student Housing
Meridian Capital arranges $160 million for The Chetrit Group’s refinance of a student housing property in New York that was formerly a nursing home.
Central Harlem Condo Development Half Sold After First Month on the Market
About half of the condominiums at L+M Development Partners Inc.’s Central Harlem mixed-use development, The Adeline, have sold in the first month of sales. The community is expected to be completed this fall.
Crescent Breaks Ground on Downtown Orlando Community
Work has started on Crescent Central Station in downtown Orlando. Developer Crescent Communities says the 279-unit TOD apartment community will be completed by early 2015.
Hill & Wilkinson Awarded Dallas Mixed-Use Construction Contract
Lincoln Property Co. awards Hill & Wilkinson with a $38.6 million construction contract for Lincoln Knox Apartments, a six-story, 165-unit luxury infill apartment development in Dallas.
Transaction Kicks Off TCC, Hanover Co. Redevelopment in Austin
The sale and transfer of the Green Water Treatment Plant parcel in Austin has officially kicked off the redevelopment of the site by a partnership involving Trammell Crow Company, The Hanover Company and Pacific Life Insurance Company.
Southern Land Company Breaks Ground in Philly
Southern Land Company breaks ground on a $110 million, 28-story residential tower at 3601 Market Street in Philadelphia. It is the first residential building in the 50-plus-year history of University City Science Center.