News
Greystar Sells South Florida Portfolio
The four-property portfolio includes 1,616 units and approximately 16.6 million rentable square feet. Greystar acquired the it for roughly $240 million, according to Yardi Matrix.
Luxury Waterfront Community Opens in East Boston
The 25 percent pre-leased Boston East community, developed by Trinity Financial and East Boston Community Development Corp., features 200 luxury apartments and includes a community art gallery.
Feldman Equities, Two Roads Unveil Plans for $350M Tampa Tower
Riverwalk Place will be the tallest tower in the area and will include luxury condominiums, offices and restaurants.
Portside Partners Ventura Harbor Develops CA Coastal Community
When complete, the Ventura property will include 270 apartments, 30 live-work units, a 104-boat-slip marina and 21,000 square feet of retail space.
Boston-Area Asset Receives $29M Loan
Reed Realty Advisors will use the proceeds to finance the development of Pac 10 Lofts, a 180-unit affordable housing community in Lawrence, Mass.
Miami Luxury Development Receives $58M Loan
Estate Investment Group secured the construction financing through Florida Community Bank. The community dubbed Soleste Twenty2 is slated for delivery in mid-2019.
JPI Continues Dallas Investment
The company broke ground on a 409-unit luxury community, which will comprise approximately 300,000 square feet of office space and 22,000 square feet of retail.
Maintaining Momentum in Atlanta
The metro’s economic growth and positive demographics support apartment demand, even at a time when inventory expansion is rapid, having reached new highs in recent years.
Economy Watch: Multifamily Construction Spending Nears Pre-Recession High
Construction spending in 2017 was just 2.6 percent short of the pre-recession peak in 2006, Apartment List reported. Single-family residential construction hasn’t recovered to the same extent.
Wood Partners Opens LA Community
The 280-unit Fifty Five Fifty broke ground in late 2015, and the property offers a mix of affordable and market-rate apartments.