Cities
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.
Top Multifamily Completions in Las Vegas
As rent growth remains among the strongest in the nation, developers are warming up to the metro’s suburban areas, expanding rental product in the area.
Trammell Crow Residential Breaks Ground on CA Luxury Development
The $90 million Alexan Downtown Danville will feature 144 units and is the first new apartment property of scale approved for Danville, Calif., in decades.
White Eagle Buys Charlotte Community for $32M
The company purchased the 240-unit York Ridge from FCP and High Real Estate Group with plans to reposition and rebrand the asset, in the latest deal for the city’s robust multifamily sector.
MassHousing Provides $36M in Financing for MA Affordable Housing
The former Worcester County Courthouse will be redeveloped by Trinity Financial into 117 apartments, including 45 workforce housing units and 13 for extremely low-income residents.
San Jose Multifamily Report – Spring 2019
The market’s strong economy and highly skilled renter cohort continue to support substantial rent growth. The average rent stood at $2,872 as of March, roughly double the national figure.
JV Opens Affordable Senior Community in Metro Miami
The $36 million development is an age-restricted community encompassing 110 units in Broward County. Housing Trust Group and Miami Jewish Health Systems broke ground on the project in 2018.