News
South Side Condo Project Defies Odds
It’s been a tough few years recently for condo projects in Chicago, so tough that most of them either haven’t gotten out of the ground or have been reinvented in the more glamorous end of multifamily, as rental apartments.
TODAY'S DEALS: AvalonBay Buys N.J. Asset for $63M
AvalonBay buys a 334-unit community in central New Jersey; ARA brokers the sale of a site approved for a seniors housing development in Denver; and Meridian Capital negotiates financings in the New York metro area.
Greystar and PREI Acquire 1.58 Acres for Multifamily Community
Greystar and Prudential Real Estate Investors recently formed a joint venture. The companies closed on 1.58 acres of land in Tysons Corner, Va.
New Housing Stock and Retail Space Set to Revitalize Downtown Yonkers
L+M Development Partners has teamed with the Yonkers Industrial Development Agency on the construction of Warburton Lofts, a historic restoration of loft-style rental apartments and retail space located at 44-50 and 54 Warburton Avenue.
Save the Date: USC Lusk Center for Real Estate Presents Casden Multifamily Forecast
The USC Lusk Center for Real Estate presents the Casden Multifamily Forecast. As more and more homeowners become renters, the forecast looks at how shifting housing demands will impact multifamily development and investment in Los Angeles, Orange and San Diego counties and the Inland Empire.
Leading Architect Joins Humphreys & Partners as Regional Director in Northwest, West
Humphreys & Partners Architects LP has added a leading Seattle architect as regional director to oversee its operations and business expansion throughout the Northwest and Western United States, where the firm is experiencing a rapid uptick in its development pipeline.
TODAY'S DEALS: Bascom Continues Denver Acquisition Spree
The Bascom Group buys a 492-unit asset in Denver; Centerline Capital Group provides an $11.4 million refinancing for a property near St. Louis; and Eastern Consolidated is picked to market a possible redevelopment in Manhattan’s Upper East Side.
Real Estate Company Proves 2012 a Good Year for Selling Out
ST Residential has recently sold out three communities in Atlanta.
Amy Neches Joins TMG Partners
TMG Partners, a San Francisco Bay Area full service real estate and management company, announced an addition to the firm’s development team–tenured San Francisco Redevelopment Agency veteran Amy Neches.
Nonprofit Acquires Third LA Property to House Homeless Veterans
Serene Haven Inc., a nonprofit that acquires and renovates residential properties to provide housing to homeless military veterans and their families, has acquired a property located on West 54th Street in Los Angeles.