Development
Special Report: Across the Generations
While Baby Boomers and Gen Y sit at opposite poles, that doesn’t make it necessary to choose between them as targets for housing or retail. In fact, according to analysis at last week’s Urban Land Institute Spring Meeting in San Diego, the two groups complement each other.
TODAY’S DEALS: PCCP Lands $30M for Queens Conversion
PCCP arranges $30 million for a Long Island City redevelopment; and Variant adds a 280-unit Georgia asset to its portfolio.
Mattamy to Develop its Biggest U.S. Community on Newly Acquired Land
Mattamy Homes, Canada’s largest homebuilder, plans to introduce its highly-successful master-planned community model to the Orlando market. The company will build its biggest exclusive master-planned community in the US, having recently paid $15 million for the Tapestry property in the City of Kissimmee.
Special Report: Opening Speakers at ULI Emphasize Need for Innovation
Can developers be innovative? While it’s not the priority since developers need to focus on what their customers want and therefore what makes development profitable, they can benefit from use of innovation, affirmed James Waring, executive chairman of CleanTECH San Diego, during the 2013 ULI Spring Meeting in San Diego.
Crescent to Build Scottsdale Quarter’s First Multifamily Project
Glimcher Realty Trust, a retail REIT, and Crescent Communities, a Charlotte-based real estate investment, development and operating company, recently announced plans to break ground on a 275-unit, luxury apartment community in Scottsdale under a joint venture agreement.
Brooklyn Development Properties Acquired by Greystone
The New York City-based real estate development and financial services company Greystone has acquired two Brooklyn, N.Y., development properties totaling more than $50 million in value.
Special Report: How to Make Mixed-Use Development Work in Neighborhood Revitalization
At the New York State Association for Affordable Housing’s 14th Annual New York State Affordable Housing Conference in New York in the session “Financing Mixed-Use Development,” speakers discussed why mixed-use buildings could be critical to neighborhood revitalization.
Special Report: How Hurricane Sandy Continues to Affect Multifamily
At the New York State Association for Affordable Housing’s 14th Annual New York State Affordable Housing Conference, speakers discussed the effect of Hurricane Sandy and what developers in flood zones should plan for in the future.
MARKET SNAPSHOT: Rent Growth Expected to Stall as Deliveries Ramp Up in Portland
Set to dwindle from its post-recession peak, the Portland, Ore., metro is expecting slight vacancy increases along with a precipitous contraction in rent growth in the coming years.
Second Lease
Inside the process of adapting former office buildings into high-end multifamily properties.