News
Dominium Expands Orlando Presence
The Minneapolis-based developer has acquired the 120-unit Chelsea Park Apartments, with plans to renovate the community and upgrade its amenities.
LMC Tops Off Dallas Mixed-Use Community
The 23-story mixed-use development will feature 285 apartments, 20,000 square feet of ground-floor retail and a luxury movie theater. Preleasing will begin in May, with first move-ins set for August.
Berkadia Closes $35M SoCal Apartment Sale
A California-based investor purchased the 128-unit community in Fullerton. The multifamily asset last traded in 2012 for a little over $20 million.
JLL Brokers Downtown Phoenix Land Sale
Due to rising rents, as well as employment and population growth that keep demand high, Clark Street Holdings acquired 1.3 acres on which it plans to develop a residential high-rise property.
Miami Luxury Condo Project Lands $236M Financing
The 64-story luxury condominium project scheduled to be completed in 2019, will offer 549 units, 60 percent of them being already sold.
Tech Topics: EdR Helps Students Move In, Plug In
Public REIT EdR owns some 45,000 beds in 80 campus communities, and has been in business for more than 50 years. CTO Scott Casey considers what students expect from their living environments and describes how EdR delivers cost-controlled, secure solutions to university residents.
WC Smith Lands $183M Refi Through Green Certification Program
The company is using the loans, originated by Walker & Dunlop, to refinance Park Chelsea and 2M, two LEED-certified communities in Washington, D.C.
How the Hiccup in New York Rents Affects NJ’s Gold Coast
Northern New Jersey’s “Gold Coast,” which offers easy transportation to Manhattan, may have to compete for its spot as supply increases in the five boroughs.
PAC Buys Recently Built Virginia Community
The company purchased Founders Village, a 247-unit community in Williamsburg, Va., and financed the acquisition using a portion of the proceeds from a 1031 exchange sale.
Bronx Boomed in Breakout ’16
Led by the residential sector, investment in New York City’s northernmost borough hit $3.3 billion, a 37 percent year-over-year increase.