Development
LA Luxury Development Receives $24M Loan
PacTen Partners secured the loan for the construction of a 140-unit transit-oriented condominium project located in the heart of the city.
Optima Kierland: An Oasis in Arizona’s Desert
Optima President David Hovey Jr. presents the pilot project of Phoenix’s newly adopted International Green Construction Code. The four-tower development is underway in Scottsdale.
Exact Capital Rehabs 19 Buildings in the Bronx
The firm has teamed up with Bronx Shepherd Restoration Corp. to renovate and preserve 333 affordable apartments and four retail spaces across the New York City borough.
Manhattan Affordable Project Lands $223M in Financing
L+M Development Partners, Jonathan Rose Cos. and Acacia Network are developing Sendero Verde, a 100 percent affordable Passive House community in East Harlem.
Baltimore Warehouse to Become Apartments
The Mid-Atlantic Multifamily Group of Transwestern Commercial Services has been named the exclusive advisor for the adaptive-reuse project which could see more than 140 units created in the historic brick building.
Chicago Luxury Community Breaks Ground
The 188-unit transit-oriented development located in the city’s River West neighborhood is slated for completion in 2020.
Boston-Area Affordable Development Lands $23M Loan
The financing includes funds from MassHousing’s $100 million Workforce Housing Initiative. Just-A-Start intends to create 23 new apartments and preserve 65 units for low-income residents in Cambridge.
Pizzuti Renovates, Expands Columbus Community
The first phase in the company’s redevelopment effort at the former Grant Oak Apartments is underway. Phase two is slated to begin this fall.
Bay Area Senior Housing Community Breaks Ground
Developed by Eden Housing, Alameda Point Senior Apartments is part of the $1 billion project at the former Navy base on San Francisco Bay in Alameda, Calif.
South FL Luxury Condos Score $75M in Financing
The 48-unit, 103,700-square-foot project will be part of the Ocean Reef Club in Key Largo. The development team includes Peackock + Lewis as main architect and Craft Construction as general contractor.