Development
Top 10 Multifamily Completions in Orange County
After hitting a cycle peak this year with more than 5,400 units coming online, supply in the area’s multifamily sector is expected to temper. Rental stock should gain some 2,400 units by year-end.
Hunt Real Estate Provides Financing for CO Affordable Project
The firm facilitated a $34.4 million loan for the construction of The Village of Wintergreen, a planned 156-unit property in Keystone, in the Rocky Mountain region.
KeyBank Secures Construction Loan for Affordable Housing in Austin
The community will include 302 units and will be developed by a public-private partnership between The NRP Group and Strategic Housing Finance Corp. of Austin County.
JV Completes Second Phase of Texas Student Housing
Following the opening of the first phase of Northside, which serves students attending the University of Texas at Dallas, Balfour Beatty Campus Solutions added 900 beds to the mixed-use community.
JPI’s DFW Development Underway
The company plans to add 416 units to Jefferson Mercer II, its Farmers Branch-based live-work-play community.
Luxury Miami Tower Lands $138M Financing
Walker & Dunlop arranged the construction loan on behalf of the developer, Two Roads Development. The 100-unit Elysee broke ground in 2017 and is scheduled for completion by 2020.
MBK Rental Living to Open CA Luxury Property
Located in Paso Robles, Blue Oak will encompass 85 units and 56 townhomes. Rentals are already available, with Alliance Residential handling both leasing and property management services.
KRE Group JV Secures $210M for Jersey City Tower
In a partnership with National Real Estate Advisors, the firm closed on the permanent loan for the first of three residential buildings within its mixed-use Journal Squared development.
Nonprofit Breaks Ground on MN Affordable Housing
Developed by Aeon, The Louis will add 70 units near the Prospect Park neighborhood. A quarter of the apartments will serve residents earning 30 percent of the area’s median income.
North FL Development Lands $31M Financing
The Highline, a 171-unit project in Melbourne, kicked off construction in June and is slated for completion in early 2020.