Development
JPI Continues Dallas Investment
The company broke ground on a 409-unit luxury community, which will comprise approximately 300,000 square feet of office space and 22,000 square feet of retail.
Wood Partners Opens LA Community
The 280-unit Fifty Five Fifty broke ground in late 2015, and the property offers a mix of affordable and market-rate apartments.
Downtown Phoenix’s 2nd Tallest Residential Tower Underway
Parallel Capital Partners sold a one-acre parcel within Arizona Center to North American Development Group. The company intends to build there a $100 million, 30-story tower.
KWK Architects Designs $105M MN Student Housing Renovation
The company is updating the University of Minnesota’s historic Pioneer Hall, including adding beds, and providing meetings spaces and a technology center.
Top 10 Largest Multifamily Completions in the Midwest
From Chicago to Omaha, multifamily activity across the area has been quite dynamic during the last 12 months, with tens of thousands of units being added to the inventory.
Hillcrest, Pathfinder Complete CO Senior Housing Renovations
The joint venture partners renovated and rebranded the Aurora community, converting four apartments into a clubhouse and cardroom.
Tandem Partners, Rambaud Holdings Plan New Chicago Community
Marcus & Millichap brokered the $11.4 million sale of the mixed-use building and site in the River West neighborhood where the apartment tower will be constructed.
JV Secures Financing for Manhattan Luxury Condos
Delancey Street Associates, a joint venture including BFC Partners, L+M Development Partners, Taconic Investment Partners and Goldman Sachs, is developing 202 Broome at Essex Crossing, which will include 83 units and retail and office space. Construction is expected to be complete in 2021.
BET Investments Develops Philly Asset
The property in Media, Pa., includes 162 units and an electric car charging station, a coffee lounge and a game room.
Loukas Development Tops Off Chicago Mixed-Use
Designed by bKL Architecture, the 12-story Van Buren will comprise 148 luxury units and 7,500 square feet of ground-floor retail space.