News
New $1.5B Affordable Housing Development Heads to Astoria
The new affordable housing at Halletts Point will transform the isolated stretch of the Queens waterfront into a residential community with a new supermarket, retail and community space.
Joint Venture Sheds Senior Community in Buckhead
The Carlyle Group’s joint venture with Formation Development Group recently sold the Renaissance on Peachtree independent and assisted living community in Buckhead, Ga.
Affordable Senior Housing Coming to Pittsburgh
The Urban Redevelopment Authority board voted to approve funding for a new affordable senior housing project, Hillcrest Senior Residences.
Trion Properties Takes a Trip to Avalon
Vista Investment Group cashed in on a Koreatown property at above-asking price.
Boca Raton Student Housing Portfolio Sold for $105.2M
The portfolio was sold by a joint venture partnership of Rosemurgy Properties, Giles Capital Group and Lewis Rental Properties to a New York City-based institutional investor.
Pulte Homes Debuts Phase II of Enclave at VillageWalk
Pulte Homes recently opened the second phase of its luxury gated community in Lake Nona, Enclave at VillageWalk.
Franklin Street Capital Advisors Closes $20M Financing for Tampa Student Housing
Franklin Street Capital Advisors closed financing for Campus Palms Apartments, a student housing community near the University of South Florida.
Robbins/Elco Management Acquires Four Apartment Properties
The properties are located in Florida and Texas.
Policy Priorities: Top 2016 Multifamily Agenda
U.S. housing organizations aim to ensure legislative and regulatory actions advance the interest of the multifamily sector.
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…