News
Bridge Housing Bridges Gap With Bay Area Affordable Community
The company celebrated the completion of the first phase of a mixed-use affordable development and the ground-breaking of the second phase, which will bring 85 adjacent units for low-income seniors.
Albuquerque Project Targets Homeless Crisis
Scheduled for completion by fall 2017, the 52-unit expansion sponsored by the Joy Junction ministry will increase capacity at the largest facility of its kind in New Mexico.
Luxury Community Underway in Fort Worth Historic Neighborhood
Embrey Partners has broken ground on the Kelley, a 10-acre, 353-unit community on Samuels Avenue. The company will renovate a Victorian era home and relocate another one built in 1903.
BHC Breaks Ground on Affordable VA Community
The company is converting the former Citadel of Hope, a Colonial property built in 1923, into apartments for working families. Called The Goodwyn at Union Hill, the asset includes the renovated historic school building, in addition to five new buildings.
Strategic Capital Backs NYC Hudson Square Development
The affiliate of a giant Chinese firm is taking a $140 million equity stake in the project, which will be co-developed by Cape Advisors. Located in Manhattan’s West SoHo enclave, the 280,000-square-foot tower will feature 170 condominium units, ground-floor retail and parking.
Did You Miss the 2017 US Multifamily Market Update?
There’s still time to catch Yardi Matrix’s Investment Strategy webinar, featuring Jeff Adler, vice president of Yardi Matrix, and Jack Kern, director of institutional research, who review the year and explore what’s coming next.
AdCare Buys $6M Alabama Assisted Living Facility
The 106-bed property was leased to an affiliate of C. Ross Management. This is AdCare’s first acquisition since it transitioned to a property holding and leasing company.
JV Opens Dallas Apartments
Novare Group and Batson-Cook Development Co. completed Victory Place, a 25-story community with 352 units. Located near uptown in the Victory Park neighborhood, the project is across the street from American Airlines Center.
The Next Wave in Multifamily: Middle-Market Assets
With multifamily development hitting the brakes in major cities and shy rent growth on the horizon, investors are setting their sights on middle-market assets owned by Baby Boomers. Industry leaders predict that, as this $10 trillion market changes ownership, the largest transfer of properties in the history of real estate will occur.
Luxury Community Breaks Ground in Orlando
Wood Partners’ Alta Grande community will be located at the intersection of Orlando’s Tourism Corridor and its largest suburban office submarket. Leasing will begin in spring 2018.