Development
Washington D.C. Market Snapshot: Apartment Stock Poised to Rise in 2014
Apartment performance in the Greater Washington, D.C. area could lag this year, as the booming construction hits right at a time when the metro’s job market is cooling down.
Solar Lighting Communicates As It Illuminates
Technological advances has meant that solar-powered lights are now a viable, cost-efficient and attractive alternative for use in parking lots and other outdoor areas of multifamily properties.
ZOM Texas Breaks Ground on a Luxury Community in Houston’s Galleria/Uptown District
ZOM Texas has broken ground on The Hudson, its third community in Houston. The project will add 431 units to the Galleria/Uptown market.
New Garden Grove Apartments Mark a Push to Multifamily for Brandywine Homes
Single-family homebuilder Brandywine Homes is making a push into mutlifamily with the completion of Waterstone, a 25-unit community located in Garden Grove, Calif.
Oak Coast Properties Developing West Hollywood Apartment Community
Oak Coast Properties is developing a new 53-unit upscale apartment community in the high barrier market of West Hollywood.
China’s Greenland Group Buys 7.8-Acre Brewery Development in London
A Chinese developer has entered the U.K. market with the $987 million acquisition of the Ram Brewery development site in London. The land is permitted for 661 new homes, including a 36-story multifamily tower.
Housing Trust Group Breaks Ground on Affordable Seniors Housing in Fort Lauderdale
Backed by financing from US Bank, Housing Trust Group has broken ground on a 112-unit affordable seniors housing asset in Fort Lauderdale.
Aquatherm Delivers a Leak-Free, Durable Alternative to Traditional Piping
Aquatherm heat-fused piping seals at the molecular level, ensuring a leak-free plumbing system. The plastic piping also features a number of inherent health and environmental benefits.
Mack-Cali/Fisher Brothers JV Buys 377 Units in D.C.
A joint venture comprised of Mack-Cali Realty Corp. and Fisher Brothers has closed on a luxury multifamily project currently being constructed in Washington, D.C.’s trendy H Street submarket.
The Condo Comeback?
Strained supply and high rents have condos in demand, though many developers remain hesitant.