News
Marcus & Millichap Arranges Sale of Luxury Tampa Asset
The one-time hotel features a 15-slip marina.
Market Pulse for September 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: Housing starts of buildings with five or more units rose by 1.6 percent over the month of June 2016 to a seasonally adjusted annual rate of 392,000. The month-over-month increase in June is the third consecutive month of recorded gains. Over this three-month period, the months covering the second quarter of 2016, starts of buildings with five or more units rose by 11.0 percent and the number of starts averaged 385,000 per month. The average number of housing starts of buildings with five or more units registered…
Kennedy Wilson Buys Big on CA Coast
A 386-unit community adjacent to the Cal State University campus in Camarillo, Calif., fetched $81 million.
Housing Trust Grows Florida Footprint
The company has closed $20 million in financing and broken ground on one of five communities currently under construction in the Sunshine State.
Fendi Lands in US with Oceanfront Condos
Scheduled to open this fall near Miami, Fendi Château Residences will feature condos priced from $6 million to $25 million.
Timberland Partners Adds Regional Property Manager
Meet Sundae Caudle, Timberland’s most recent district manager.
Legacy, Resmark Team Up in San Diego
The developers expect to break ground next summer on a 168-unit project in the city’s Marina District.
Playboy Mansion Fetches $100M
The new owner, Daren Metropoulos, will eventually unite his estate with that of Hugh Hefner, his next-door neighbor.
John Portman & Associates Designs Shanghai Senior Project
The luxury senior living community developed by Taikang Life Insurance Co. will feature housing and healthcare facilities for as many as 2,200 residents, as well as commercial, educational and recreational amenities.
Avesta Ploughs $27M into Orlando
Newly renamed Avesta Winter Park, the 368-unit property will get a multimilllion-dollar makeover.