News
Two Affordable Housing Projects Developed in L.A.
Thomas Safran and Associates has developed Del Rey Square Senior Apartments, a 124-unit community in the upscale neighborhood on the Westside of Los Angeles, while AMCAL Multi-Housing has developed Portola Terrace, a 45-unit affordable community for families and young professionals in historic Temecula in Riverside County.
Economy Watch: Retail Sales Edge Up
The Census Bureau reported that U.S. retail sales were up 0.1 percent month-over-month in April, adjusting for seasonal variations and holidays, but not price changes.
EasyHeat Warm Tiles are a Welcome Upgrade to Any Bathroom
A cold floor is no way to start off the day. Electric radiant heating is an easy and inexpensive way to keep your residents’ toes warm.
New Condos Planned for Miami’s Brickell District
The Rilea Group has unveiled plans and started marketing efforts for the Bond at 1080 Brickell, a new 323-unit condo tower in the Brickell Financial District. Construction of the 44-story tower is set to begin in late 2013, with completion scheduled for mid-2015.
Joint Venture to Build Minneapolis-Area Multifamily Community
In a joint venture, Trammell Crow Company, through its subsidiary High Street Residential, and Investment Real Estate Trust Properties (IRET Properties) will develop a 260,000-square-foot multifamily community in Golden Valley, Minn.
Brooklyn Development Properties Acquired by Greystone
The New York City-based real estate development and financial services company Greystone has acquired two Brooklyn, N.Y., development properties totaling more than $50 million in value.
Economy Watch: Senior Home Builders More Optimistic
The National Association of Homebuilders said that its 55+ Single-Family Housing Market Index increased 19 points year-over-year to 46 in the first quarter of 2013.
High-Rise Apartments Break Ground in Seattle
GID Development Group has broken ground on a 41-story residential tower at 2030 8th Avenue in downtown Seattle. The property, which is across the street from Amazon’s new major office expansion, will include 355 units.
TODAY’S DEALS: Pollack Shores Adds Orlando Apartments to Portfolio
Pollack Shores Real Estate Group buys the 456-unit Sabal Palm at Metrowest II; Greystone acquires two development sites in Brooklyn; and Centerline Capital refinances an asset in Jacksonville.
Special Report: How to Make Mixed-Use Development Work in Neighborhood Revitalization
At the New York State Association for Affordable Housing’s 14th Annual New York State Affordable Housing Conference in New York in the session “Financing Mixed-Use Development,” speakers discussed why mixed-use buildings could be critical to neighborhood revitalization.