Development
Top 5 Markets for Construction Activity
A breakdown of the country’s top-performing multifamily metros for units underway as a percentage of existing stock.
Monday Properties Breaks Ground on Virginia Development
The firm secured nearly $67 million in financing to begin construction of the 300-unit community in Alexandria, Va.
Developers Report Continued Construction Delays
More than half are experiencing setbacks, but a few bright spots are also emerging, according to NMHC’s latest survey.
Urban Realty Partners JV Secures Loan for Atlanta Project
The development at 982 Memorial Drive has broken ground near the Eastside Beltline Trail.
Greenlight Communities Completes 2 Phoenix Attainable Housing Properties
The developer financed the 478 units’ construction with two loans totaling more than $51 million.
HTG Breaks Ground on Miami Affordable Senior Community
The 60-unit community catering to residents aged 62 and over is slated for a 2021 completion.
Pennrose Moves Forward with 2 Ohio Projects
The Ohio Housing Finance Agency has provided housing tax credits to develop affordable housing in Cincinnati and Cleveland.
NRP Group Breaks Ground on Boston-Area Community
CIBC secured construction financing for the 184-unit property, which is scheduled for completion by 2021.
JV Lands $37M Loan for Affordable Los Angeles Redevelopment
The 92-unit structure is the third phase of a $1 billion project that brings new life to a 700-unit public housing community dating from 1955.
Canyon Partners Invests $25M in Seattle-Area Development
The company partnered with American Capital Group and secured $45.5 million in construction financing.