News
DDG Breaks Ground on Luxury FL Condos
The 30-unit property in Palm Beach began unit sales earlier this year, starting at $1.9 million. Completion of the development is scheduled for late 2018.
Art Therapy Products Made for Memory Care Communities
Interior design firm studioSIX5 developed two new products to engage with the senses of residents in memory care communities: an LED memory box and an integrated music therapy chair.
Lowe JV Buys 304-Unit B’more Community
The high-end Jefferson Square at Washington Hill includes 20,000 square feet of street-level retail and was completed in 2015. The seller will continue to manage the property.
Brokers’ Corner: Douglas Elliman Adds Top Broker
The company has hired Jerry Huang, a former Goldman Sachs executive with more than a decade of financial experience. In his role, he will be focusing on condos and new developments.
Phoenix Community Scores $24M Financing
The real estate investment trust arranged the first mortgage financing for the community. Pinnacle at Union Hills was purchased for $48 million using proceeds from an equity offering.
San Jose Flea Market Redevelopment to Reach 1,000 Units
Western National Group plans to develop 560 apartments in North Village, a community included in Market Park San Jose, a 120-acre mixed-use project.
Madrona Ridge Changes Leadership
As part of the integration, the company added Mike Voorhees as a president for its Seattle office. He brings more than 23 years of experience in residential real estate management.
RD Management, Big Rock Partners Plan Senior Housing
Villages of Windsor in South Florida is scheduled to open in October, while Windsor at Celebration in the Orlando area has a March opening date.
IRT Acquires 328-Unit Raleigh-Durham Community
Previously managing the property on behalf of RAIT Financial Trust, the company recently acquired the asset for $43 million. The community is located in the Raleigh-Durham market, in close proximity to prestigious universities and major employers.
Tiny Living Gets Bigger
In this video, Tomas Eliaeson and Thomas Carlson-Reddig of Little discuss why this trend is becoming a more functional choice for universities and what goes into creating these spaces.