News
Detroit’s Demolition Program Now Has an Online Tracker Map
Residents can find out which vacant houses have been brought down and which are under contract for demolition.
Tutera Breaks Ground on $40M Senior Living Community
The original proposal for Mission Chateau, located in Prairie Village, Kan., called for a 350,000-square-foot community; the new plan scales down the development to 286,000 square feet.
RADCO Picks Up Atlanta Metro Community for $32M
The developer plans to spend about $4 million on capital improvements to the 324-unit community.
Lincoln Ventures Plans Student Housing Project in Austin
The Ruckus, an upscale 160-bed student housing community, will be located in the heart of West Campus, near the University of Texas in Austin.
ROEM Builds 200 Affordable Homes in San Jose
The new housing—which will include condominiums, apartments and attached townhomes—is located on the former Hitachi Global Storage Technologies campus.
Luxury Community Starts Leasing in Atlanta Area
The 109-unit The Pad in College Park, Ga., is part of a $35 million transit-oriented mixed-use development that brings the promise of revitalization.
Invesco Buys Brand-New Bethesda Apartments
The community is a 359-unit high-rise residential property with ground-floor retail.
Market Pulse for July 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 10.7 percent to a seasonally adjusted annual rate of 373,000. After averaging 343,000 on a seasonally adjusted annual rate over the first three months of the year, the number of these starts recorded in April is nearer to the levels recorded in both November 2015, 379,000, and December 2015, 378,000. Relative to all starts, single-family, two to four unit buildings, and five or more unit buildings, five or more unit buildings account for 32 percent of…
New Luxury High-Rise Opens in Midtown Atlanta
The $101 million development sits in the heart of 12th & Midtown, a 3 million-square-foot master-planned, mixed-use community.
Hunt Mortgage Group Closes $13M Acquisition Loan for 204-Unit Community
The Miami office of Hunt Mortgage Group recently closed a $13 million Fannie Mae loan to finance the acquisition of Waters Edge at Harbison.