News
JV Continues Expansion in Austin Student Housing Market
The purchase of Signature 1909 marks The Preiss Co.’s third acquisition in joint venture with TH Real Estate, and brings its current market presence to 3,640 beds.
Meet Freddie Mac’s Newest SVP
Steve Lansbury joined the financier two decades ago. He will replace Deborah Jenkins, who will also be promoted to executive vice president.
Multifamily Design Trends: Workspaces in the Lobby
Color, functionality and a social atmosphere are three very important aspects when designing a community for the younger generation, according to Jules Escalona, art director at Straight Designs. Another key feature is the revamped version of the classic business center.
Standard Communities Upgrades San Jose Senior Housing Community
The affordable housing division of Standard Cos. renovated Villa de Guadalupe Apartments, preserving the property’s affordability. The three-story asset serves low-income seniors.
LandSouth to Break Ground on FL Luxury Asset
Integra Land Co.’s Addison Pointe in Melbourne will include 370 units and a yoga studio, a cyber cafe and a sports lounge.
IPA Arranges $23M Sale of FL Lakefront Development Site
Marcus & Millichap worked on behalf of the seller. The new owner intends to break ground next year on a luxury senior living community.
$17M Adaptive Reuse Project Opens in NY
A trio of companies redeveloped a vacant industrial building in Cortland into mixed-income apartments and more than 100,000 square feet of commercial space.
Pollack Shores Snags GA Community
The firm purchased AMLI Northwinds in Alpharetta, which will be renamed and undergo a $13 million renovation plan to upgrade unit interiors and amenity spaces.
On the Market: 5 Interesting Listings for the Week of 9/24
This week’s listings include a value-add opportunity in the growing Glendale area of Queens, N.Y.; a well-positioned Connecticut portfolio; and more.
Affordable San Diego Asset Lands $52M Refi
Berkeley Point arranged the financing for Lantana Hills Apartment Homes, a 380-unit property built in two phases. The community underwent extensive renovations between 2014 and 2017.