News
MHA Closes $47M Sale of 360-Unit Charlotte Community
Afton Ridge Apartments sold the North Carolina community, which is located near Charlotte and offers a Class A amenity package.
New Florida Condo Development Breaks Ground
To date, sales have topped $110 million, making ONE St. Petersburg the top-selling condominium in the Tampa Bay Area.
Economy Watch: Tech-Heavy CRE Markets at Risk of Slowdown
The tech boom since end of the recession has been manna for a number of commercial real estate markets, but can it last in the face of recent jitters about the future of the economy and softness in some tech sectors?
Peak Campus, Avison Young Land Target as Retail Anchor for Vue53
The 13-story tower, one of the largest new residential developments in Chicago’s Hyde Park neighborhood, has just landed its first retail lease commitment.
Alara Harbour and Tivalli Communities Added to Kennedy Wilson’s Portfolio
Kennedy Wilson is expanding its multifamily portfolio with assets in Lynwood and Mukilteo.
JCI Senior Housing to Develop Techridge Oaks Assisted Living and Memory Care
JCI Senior Housing will develop a new assisted living and memory care community in Austin, with Civitas Senior Living as property manager.
New Queens Apartments 50 Percent Rented in a Matter of Weeks
The 62-unit property, developed by Tsilo Group on the site of a former lumber yard at 30-40 21st St., is a mix of studios and one- and two-bedroom units.
Market Pulse for April 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: In January 2016, housing starts of buildings with five or more units fell. This is the second consecutive monthly decline. Over the month of January, housing starts of buildings with five or more units, measured at a seasonally adjusted annual rate, declined by 2.5 percent to 354,000. Over the past two months, these housing starts have decreased by 7.8 percent. Since reaching 455,000 units in September, housing starts of buildings with five or more units have averaged 361,000 over the months of October 2015 to January 2016….
Inside Greystone’s New West Village Luxury Property
The boutique corner building in the Greenwich Village Historic District features five full-floor residences, among them a duplex penthouse with three private outdoor spaces.
Consumers Seem a Little More Wary, But Might Still Spend
Consumers are a little more skittish now than during most of last year.