Cities
Orlando Multifamily Report – Spring 2019
With more than 12,000 units underway as of March, apartment demand―driven by solid population gains and an expanding job market―continues to increase.
Baron Properties Sells Phoenix Asset for $9M
The company had owned the 68-unit community in Christown since 2016, when it acquired it for almost half the current price.
Virginia Community Lands $30M Grant
The federal funds will go toward redeveloping the 256-unit Ridley Place public housing and the surrounding neighborhood. Pennrose is the master developer of the project.
FL Student Housing Assets Secure $39M in Financing
Serving the University of Florida, the two student housing communities recently underwent major renovations to include new amenities. HFF worked on behalf of the borrower.
California Mixed-Use Project Lands $32M Loan
Parkview Financial provided the construction financing for a three-building development in Poway, a northern suburb of San Diego.
Water Street Tampa 1st to Achieve Global WELL D&O Designation
The $3 billion, 56-acre mixed-use community being developed in Tampa, Fla., is an early adopter of the WELL Community Standards that recognize neighborhoods designed and operated to improve the residents’ health and well-being.
LMC Breaks Ground on Luxury Connecticut Community
The subsidiary of Lennar Corp. has started work on The Smyth, a 414-unit multifamily property that will rise 15 stories in central Stamford. The building is scheduled to welcome its first residents in 2021.
Dallas Multifamily Report – Spring 2019
The metro remains a national leader in job creation, with 102,500 positions added for a 2.6 percent expansion year-over-year in February, slightly above the national growth rate.
Top Multifamily Completions in Austin
Developers delivered more than 7,800 units to the city’s housing stock in the 12 months ending in May, with the bulk designed for the upscale Lifestyle segment, according to Yardi Matrix.
Affordable Housing Is a National Math Problem
Financing the development and preservation of low-income units is a challenge in today’s dynamic marketplace, so private organizations are taking matters into their hands.