News
Eco-friendly Rental Building Now Leasing in Long Island City
Douglas Elliman Development Marketing has announced that the L+M Development project, The Pearson Court Square, which transformed a vacant Long Island City lot at 45-50 Pearson Street into a 197-unit eco-friendly luxury rental building, has launched leasing efforts.
TODAY’S DEALS: Boston Artist Live/Work Community Trades for $20M
CBRE/New England brokers the sale of an artist live/work asset; LCOR acquires a mixed-use development site in Washington, D.C.; and Prestige Group sells 16 apartment units and five garages in New Jersey.
Greystar Adds Elan to Fort Lauderdale’s Downtown District
Stiles Construction has announced the topping off of Elan 16Forty, a 261-unit luxury apartment community in downtown Fort Lauderdale.
Hoar Construction Opens Office in DC Market
Hoar Construction, a national construction company, announced the opening of its Washington, D.C., office. The local Hoar team, comprised of seasoned industry veterans, has years of experience working together in the Washington metropolitan area.
Carnegie Unveils a New Showroom Concept in Chicago’s Merchandise Mart
A new Carnegie showroom at the Merchandise Mart will debut for Neocon 2014. Situated on the 10th floor and spanning 1,800 feet this space draws its inspiration from the essence of the Carnegie brand—our love and passion for the creative process.
Economy Watch: Residential Price Increases Continue Deceleration
An indication that home-price increases are slowing down (or, to look at it positively, there’s no new housing bubble): CoreLogic reported that home prices nationwide, including distressed sales, increased 10.5 percent in April compared to the same month in 2013.
Meta Housing Begins Work on Long Beach Affordable Housing
Meta Housing has broken ground on Long Beach & 21st Apartments, a 41-unit affordable housing property for seniors aged 55 and over.
TODAY’S DEALS: WNC Closes $48.5M California LIHTC Fund
WNC closes a 714-unit LIHTC fund in California; NAI Capital brokers a 16-unit sale in West Los Angeles; and Grandbridge Real Estate provides $21.15 million financing for an acquisition.
Huffines Communities Unveils Second Phase of Hebron 121 Station
Multifamily developer Huffines Communities, members of the Denton County Transit Authority and other community members recently celebrated the grand opening of the second phase of the master-planned community Hebron 121 Station.
Muse Developments Breaks Ground on $385 Million Mixed-Use Project in London
Lewisham Gateway Developments Ltd, a wholly owned subsidiary of Muse Developments, recently broke ground on one of the largest regeneration projects in south east London, Lewisham Gateway.