Development
TODAY’S DEALS: Berkeley Point Capital Closes $49.7M for a Salt Lake Acquisition
Kennedy Wilson completes an acquisition with financing from Berkeley Point Capital; HFF closes $23 million for a Cambridge renovation; and Eastern Consolidated sells sponsor condos near New Jersey’s “Gold Coast” for $15.25 million.
Video – Q1 2013 Apartment Trends
Reis Reports Chief Economist Dr. Victor Calanog covers Q1 2013 Apartment Trends and provides an outlook for the coming months in the sector.
MHN TV: Apartment Investment and Development Trends
Robert DeWitt, CEO of The General Investment & Development Companies (GID), gives MHN a thorough rundown on apartment investment and development trends at NMHC’s 2013 Apartment Strategies/Finance Conference in Dallas.
New Broward County Apartment Set to Open
Leasing has started on Elan 33 West, a 376-unit apartment community in Davie, Fla., developed by Charleston, SC-based Greystar Real Estate Partners. The property’s opening is slated for July.
Positives, Negatives Seen in April Job Report, Auction.com Says
The U.S. Bureau of Labor Statistics’ April metro area employment data held good and bad news for multifamily and single-family recovery, according to New York City-based Auction.com.
Special Report: Micro-Size It
Can apartments be too small? Developers are testing the boundaries, experimenting with layout and design to determine just how tiny and inexpensive a space they can easily lease.
Amstar and Allied Realty to Break Ground on 332-Unit Luxury Apartment Project in Central Denver
Locally-based real estate investment manager, Amstar has partnered with Allied Orion Holdings, a Texas- and Colorado-based apartment developer, and recently announced it will start construction on a 332-unit apartment project in the Highlands/Jefferson Park neighborhood of Denver, Colorado. The project, dubbed 2785 Speer is scheduled to break ground this month and is expected to be completed in the spring of 2015.
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.