News
Aston Martin Residences Breaks Ground in Miami
Aston Martin and G&G Business Developments’ community, the first condominium to begin construction in downtown Miami this year, includes 391 units.
IL Mixed-Use Development Opens
LMC and Clark Street Real Estate are opening The Emerson, located in Oak Park, Ill., a suburb of Chicago. The community includes 270 units and a retail component.
Gorman Lands $22M Refi for CO Asset
Walker & Dunlop arranged the atypical eight-year, fixed-rate term loan to refinance Lion’s Ridge Apartment Homes, a 114-unit workforce housing community at the foot of Vail Ski Resort.
Boutique Miami Beach Condos Ready for Move-In
Designed by Miami-based architect Rene Gonzalez, the luxury property offers a wide range of amenities, including a rooftop garden with infinity-edge pool deck and an outdoor yoga studio.
High-Paying Jobs Add to Upscale Demand in Richmond
Although overall employment growth is tepid and continues to trail the national rate, the metro’s economy is slowly but steadily diversifying, drawing investors and large projects.
Job Growth Firm, Rent Growth Totters in Portland
The metro’s strong employment growth is pushing up multifamily demand, especially for market-rate apartments. Nearly 8,400 units were underway as of August, of which some 3,200 units are slated to come online by December.
RADCO Secures $32M for FL Community
Reflections Apartments in Casselberry, Fla., includes 336 units. The company plans to invest $5 million in capital improvements.
St. Louis Apartments Trade Hands
TriStar Properties has sold the 254-unit Alinea Town & Country in Des Peres, Mo., to Strategic Properties.
Hunt Mortgage Facilitates Acquisition Loan for VA Property
The company worked on behalf of Thalhimer Stratford to secure financing for the purchase of Stratford at Williamsburg, a 156-unit apartment community in Williamsburg, Va.
New Supply Tempers Rent Growth in San Antonio
The metro’s economy continues to appeal to both investors and developers. Upcoming supply is robust, with more than 8,000 units under construction and another 10,000 in the planning stage.