Development
Crossgate Partners Launches Luxury FL Community
Project updates of the six-condominium development on Siesta Key, Fla., include a FEMA permit for a seawall enhancement. Océane is set to break ground this month.
Search for Yield Intensifies in 2018: NMHC
Industry experts at NMHC’s annual Apartment Strategies Outlook Conference in Orlando discussed the current “Goldilocks” economy and why 2018 might be tough for investors.
Marcus & Millichap Arranges Sale of IL Prospective Development
Richard Kozarits, Tami Andrews, Joseph Sigal and Richard Lynn were all part of the team involved in the $7 million sale of parcels totaling 35,000 square feet. The land will be used to build The Albion at Evanston, a luxury community in Evaston.
The Student Housing Pipeline
MHN catches up with EdR Vice President of Real Estate, Development and Construction Jeffrey Resetco for an overview of what’s in store for his company.
Austin Luxury Condo Tower Tops Out
Fifth & West boasts 315-degree vistas, due to its unconventional triangular shape and location within the Capitol View Corridor. It is anticipated for delivery later this year.
Construction Begins on $30M Affordable Project in Long Island
Speonk Commons will consist of 66 units, across two development sites in Suffolk County. Several public and private entities provided funding for the project.
NYCHA Partners Up for Affordable Housing Renovations
Including these three new developer alliances, the PACT program will have updated 3,077 apartments with a total investment of $640 million.
Top Predictions for 2018
Top multifamily professionals from around the country shared their predictions for 2018 as they gathered in Orlando for the annual NMHC Apartment Strategies Outlook conference.
DCHFA Closes $11M Deal to Fund DC Affordable Community
The agency issued $11.3 million in bond financing for the preservation of 94 affordable units at Maplewood Apartments in the southeast quadrant of the nation’s capital.
CBRE Brokers Sale of Koreatown Project Site
The plot at the corner of 8th Street and Harvard traded to Jamison for $14 million. The site is fully entitled for the construction of a transit-oriented development.