News
Tower Companies Gearing Up for Redevelopment of The Blairs Community
Tower Companies and partners Jeffrey and Gary Abramson presented new renderings of the first two proposed residential towers in the nearly $850 million, 27-acre ‘City Within a City’ redevelopment at The Blairs community in downtown Silver Spring, Md.
Robinson Development Begins Work on Richmond-Area Apartments
Robinson Development Group and Drucker and Falk have broken ground on a new 255-unit apartment development in Chesterfield County, Va. The project will be on 18 acres on Charter Colony Pkwy. within the mixed-use CenterPointe development.
NAREE Special Report: Will Demand Keep Up with Apartment Supply?
Apartments have held on as the darling of the commercial real estate industry since the recession, but are we on the verge of overbuilding?
Despite Lagging Economy, Memphis Apartment Rental Rates Continue to Grow
Although struggling with a higher than the national average unemployment rate of 8.1 percent, apartment fundamentals in Metro Memphis have improved throughout 2013 and the Q1 of 2014, according to a report by Hendricks-Berkadia.
DDG To Design New Development at Dubai’s Jumeirah Golf Estates
A major international competition undertaken by Jumeirah Properties of Dubai, UAE, has resulted in a triumph by DDG, the U.S.-based planning, design, architecture, interiors and graphics firm.
Economy Watch: Retail Sales Up in May
The Census Bureau reported that U.S. retail and food sales in May were up 0.3 percent compared with April, adjusted for seasonal variation and holidays, but not for price changes (though inflation is still pretty low).
What do Cupcakes and Apartments Have in Common? Crumbs Bakeshop Founder Jason Bauer Launches Voda Bauer Real Estate with Avi Voda
Voda Bauer is a new, full-service real estate firm based in Brooklyn, N.Y. with headquarters at the WeWork Fulton Center. Established by real estate veteran Avi Voda and Jason Bauer, the founder of Crumbs Bakeshop, the company is aiming to change the way business in the industry is conducted. The founders believe that the secret to greater productivity for all lies in employee collaboration.
Sharbell to Expand NJ Seniors Condo Development
Montage at Hamilton, an 180-unit multifamily seniors development in central New Jersey, is on the verge of expanding with the addition of another building.
TODAY’S DEAL: Red Mortgage Completes $58.8M 221(d)(4) Construction/Refi Loan on Behalf of Development in San Fran’s Mid-Market District
Red Mortgage Capital provided FHA-insured financing for a 162-unit new apartment development in downtown San Francisco; and HFF secures an $80 million refinancing for a Hoboken, N.J., luxury multi-housing community.
Instrata Lifestyle Residences to Reintroduce Class A Apartments to Washington, D.C.
Instrata Lifestyle Residences has announced that it will expand its portfolio into the Washington, D.C., metro market with the re-introduction of Metropolitan Pentagon City community, which will be marketed as Instrata Pentagon City.