Development
Sunrise Luxury Living Unveils AZ Community
The Core Scottsdale includes 282 units and poolside cabins, and a clubhouse with gym, yoga-spin room, theater room, game room and poker room.
Terra Group Lands $57M for Pines City Center
The company’s 47-acre mixed-use development in Pembroke Pines, Fla., will include an apartment component comprising 387 market-rate units.
Multifamily Markets Positioned to Win in 2018
Above-trend population increases and job gains in non-gateway cities are generating strong investor and resident demand for multifamily housing, explained IRT Chairman & CEO Scott Schaeffer. Here are three such markets poised to benefit from this trend in 2018.
JV Restructures Partnership for Brooklyn Redevelopment
Greenland USA and Forest City Realty Trust reached an agreement to extend Greenland’s ownership interest to 95 from 70 percent and decrease Forest City’s interest to 5 from 30 percent for its Pacific Park Brooklyn mixed-use project.
Milhaus Plans Cincinnati Property
Poste is part of the 250 units the developer intends to start building in Walnut Hills this year. The company also announced a capital investment of $245 million for the development of Class A, market-rate properties across the country.
Woodmont Properties, Baker Residential Start Construction on NJ Assets
The joint venture is developing a 220-unit community in Bayonne, which is expected to be completed in the spring of 2019.
Balfour Beatty Breaks Ground on IN Student Community
The 387,000-square-foot Aspire at Discovery Park, the first phase of a $1.2 billion planned development near Purdue University, is expected to be complete in August 2019.
Work Begins on KY Apartments
Continental Properties has started development on Springs at Hamburg, a 312-unit community in Lexington. The developer expects to complete construction in the summer of 2019.
Oden Hughes Breaks Ground on Luxury Community in Austin
The community, slated for completion in early 2019, will feature an on-site Community Work Studio, similar to the shared workspaces for lease throughout Austin.
Can Real Estate Adapt to Historic Levels of Change?
Steeped in tradition and time-honored techniques, the real estate industry has thrived thanks to its dependability and cyclical nature, but powerful forces are creating disruption on an unprecedented scale.