News
Market Pulse for February 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: In November 2015, housing starts of buildings with five or more units recovered a portion of production pace lost over the month of October. Measured on a seasonally adjusted annual rate basis, housing starts of buildings with five or more units fell by 26 percent in October to 337,000. However, in November, production rose by 18 percent to 398,000. Despite the month-over-month fluctuation, the number of these housing starts, at 301,000, still exceeds the average monthly level recorded between 2000 and 2007. Meanwhile, its contribution to total…
Historic DC Landmark Goes Residential
A historic landmark in Washington D.C.’s Ivy City neighborhood has been redeveloped as part of a mixed-use project that will offer more than 300,000 square feet or retail and residential upon completion.
Mill Creek Residential Brings 359 Luxury Apartments to Denver’s RiNo
Mill Creek Residential broke ground on 359 new luxury apartments in Denver’s River North Art District.
Arcapita Bets $85M on Colorado Senior Living Market
Atlanta-based Arcapita has paid approximately $85 million for a three-property senior living portfolio in Denver and Colorado Springs.
MHA Arranges Sale of Charleston Community
A 142-unit community located along Mount Pleasant’s burgeoning Highway 17 corridor was acquired by Chaucer Creek Capital, in a deal arranged by Multi Housing Advisors.
BRG Invests in 245-Unit Luxury Community in Raleigh
BRG announced investment to acquire and develop Villages at Lake Boone in Raleigh.
Two Richmond Apartment Communities Command $14.22M
Time Equities acquired the communities, which included a total of 123 units.
Pathfinder Partners Holds Grand Opening for New Townhome Community in Chula Vista
Chula Vista housing community will officially debut during an upcoming grand opening event.
Douglas Development Finishes First Phase of The Hecht Warehouse
The community, managed by The Bozzuto Group, contains a “speakeasy” clubroom.