News
Miami Multifamily Report – Spring 2019
Solid economic fundamentals and population gains continue to fuel the metro’s apartment market. Some 13,300 units were delivered last year and more than 26,000 were underway as of February.
AKAM to Manage Metro Miami Luxury Property
The 113-unit condominium development is the newest residential construction built inside the Boca West Country Club in more than 15 years.
Western Wealth Capital Grows AZ Portfolio with $23M Purchase
The investment company financed the acquisition of the 198-unit Artisan Park in Glendale with a $15.1 million Fannie Mae loan.
Novare Group Breaks Ground on Birmingham Community
The developer is building Foundry Yards, a 268-unit luxury residential project in the city’s growing Parkside District, in concert with Prestwick Cos. and Batson-Cook Development Co.
Toro Real Estate Grows Jacksonville Presence
The Long Island-based company now has 756 units in the city, after adding three properties and 552 units in deals totaling $39 million.
Counter Capital Expands Philadelphia Portfolio
A joint venture of Dalzell Capital Management and Morning Calm Management, the partnership purchased 1501 Locust St. in Center City’s booming Rittenhouse Square neighborhood.
Construction Launches at Oregon’s Largest Mixed-Use Community
Developed by Holland Partner Group, the Portland-area residential development is part of Reed’s Crossing, a master-planned community underway in South Hillsboro, Ore.
Wood Partners Breaks Ground on 300-Unit Phoenix Project
Slated to open in the second quarter of 2020, the developer’s Alta Warehouse District community is one of the first multifamily projects in the revitalized downtown neighborhood.
StudioSIX5 Creates Custom Carpets for Senior Living
The products designed for retirement homes have a neutral color range, low pile heights, superior durability and are easy to clean.
Hunt Arranges Refi for 940-Unit Houston Affordable Property
The $28.3 million Freddie Mac financing will be used to upgrade interiors of vacant units and add a leasing office and fitness center to The Heights at Post Oak.