Development
JLL Brokers Downtown Phoenix Land Sale
Due to rising rents, as well as employment and population growth that keep demand high, Clark Street Holdings acquired 1.3 acres on which it plans to develop a residential high-rise property.
Miami Luxury Condo Project Lands $236M Financing
The 64-story luxury condominium project scheduled to be completed in 2019, will offer 549 units, 60 percent of them being already sold.
Embracing Efficiency
Since the Great Recession, the U.S. has increasingly become a renter nation. Renters encompass more than one-third of total U.S. households, with 18.7 million households residing in buildings with five or more units, according to National Multifamily Housing Council data.
Condo Developments Poised for Return in Chicago
It may be time for large-scale high-rise condo developments to return to Chicago, declares Related Midwest President Curt Bailey, speaking at yesterday’s Marcus & Millichap/IPA Multifamily Forum.
Bronx Boomed in Breakout ’16
Led by the residential sector, investment in New York City’s northernmost borough hit $3.3 billion, a 37 percent year-over-year increase.
Manhattan Luxury Tower Lands $290M in Financing
HFF secured the construction loan for the Upper East Side condominium tower, which developers Ceruzzi Holdings and Kuafu Properties plan to complete in 2019.
Peak Campus, Blue Vista Capital Team Up in 2 College Towns
The developers plan a fall 2018 opening for student housing projects serving Syracuse University and North Carolina State.
Is Overbuilding Threat Overblown?
Speaking at a forum in Chicago, Marcus & Millichap’s John Sebree weighs in on today’s complex market dynamics and how they affect multifamily investment prospects around the country.
Trimark Breaks Ground on $14M Luxury Community
Cascades Luxury Apartments is a $14 million development near the University of Florida. The community is the second ongoing project for the real estate company and it is slated for completion by the middle of 2018.
Meta Housing Wraps Hollywood Project
The $21.6 million community, which also includes about 3,500 square feet of commercial space, will add 40 units of much needed affordable housing to L.A.’s inventory.