Development
Prime Property Investors Top-Off at Alexan at Auburn Lakes in Houston
Prime Property Investors has announced that construction on Alexan at Auburn Lakes in Houston has topped off on the community’s nine three-story buildings. The company partnered with Trammel Crow Residential to develop the 346-unit garden style community.
Centerline Introduces Proprietary Bridge Loan Program for Pre-Stabilized Properties
Centerline Capital Group announced a new multifamily bridge loan program that will provide short-term financing for multifamily properties that have not reached stabilization.
Bernards Finishes Construction on BRE’s Wilshire La Brea in Los Angeles
Bernards has announced the completion of the $105 million Wilshire La Brea mixed-use development located in Los Angeles’ Mid-City neighborhood. The property was developed by San Francisco Based BRE Properties, which will also manage the rental community.
CHW to Break Ground on Green Affordable Housing Community in Vista, Calif.
Community HousingWorks will hold a ground breaking ceremony to kick off construction on its latest development, North Santa Fe Apartments.
Ace the Competition with a Golf Simulator by XGolf
In an age when developers are trying to one-up each other with the latest and greatest amenities, the golf simulator has always stood apart as one of the coolest.
HFF Arranges Debt Construction Financing, Joint Venture Equity for Class A Community
HFF has announced that it has brokered the debt construction financing and joint venture equity for NOVUS Odenton Station in Odenton, Md. The borrower is NOVUS Residences, which is targeting completion of the Class A, transit-oriented community by early 2015.
CBRE Group Hired to Market Laketown Wharf
CBRE Group Inc. has been hired to market and sell the interests of ST Residential and its affiliates in Laketown Wharf, a Panama City Beach, Fla., Gulf-view resort property, with 399 units operating as apartments.
Grand Opening Announced for New Waldwick Townhome Community
The K. Hovnanian Homes townhomes development, Farm Estates, has announced that it will soon hold a grand opening celebration at the community’s site in Waldwick, N.J.
MHN Interview: The Michaels Organization on Its New Affordable La. Communities
The Housing Authority of Shreveport, La., and The Michaels Org. recently opened an affordable community called Cypress Landing, and also broke ground on another affordable community called Renaissance at Allendale. MHN talks to The Michaels Org.’s lead developer on these projects, Milt Pratt, about why these apartments are important for the community.
Groundbreaking for Second Trump Plaza Building in Jersey City Expected in June
Developers of Trump Plaza in Jersey City, N.J., are gearing up for the ground breaking on the second tower of Trump Plaza in Jersey City after the city council approved a 5-year tax abatement on the property last week.