Development
Atlanta-Area Apartments Sell for $30M
Bexley Apartments has traded hands for $30.6 million. Carroll Organization, a privately held company specializing in multifamily real estate, acquired the 494-unit property in Marietta, Ga., from Arenda Capital.
Mack-Cali, Ironstate Break Ground on Jersey City High-rise
Mack-Cali Realty Corporation and joint venture partner Ironstate Development Company broke ground in mid-January on URL Harborside 1.
Market Report: Ones to Watch
Three multifamily experts share their top 10 markets to watch in the year ahead
Balfour Beatty Joins DOE’s Better Buildings Challenge
Balfour Beatty Communities L.L.C., a multifamily development and management specialist, has opted to participate in the U.S. Department of Energy’s (DOE) and HUD’s Better Buildings Challenge
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.