Regions
Detroit Community Reopens Following $12M Renovation
The Hamilton Midtown, a 105-year-old historic building previously known as Milner Arms, underwent an extended renovation that lasted more than a year.
On the Market: 5 Interesting Listings for the Week of 10/15
This week’s listings include a student housing investment opportunity in Boca Raton, an affordable community in Tampa, and more.
Penzance Targets Metro Washington with $255M Fund
For its first private-equity fund, the investor-developer anticipates parlaying capital into a portfolio valued at $800 million to $1 billion
NM Development Lands Tax Relief
The Albuquerque City Council approved the metropolitan redevelopment bond to support construction of the 226-unit Broadstone Northpoint Apartments, which broke ground in early 2017.
Titan Development Proposes ABQ Community
The company’s plans call for the addition of 102 market-rate apartments, adding to the Midtown/University submarket’s existing supply of 3,700 units.
Avanath Pays $72M for 2 Chicago-Area Affordable Communities
The company acquired Hinsdale Lake Terrace for $63 million from the Laramar Group, and paid $9.2 million for Drexel Court, which it acquired from DMI Real Estate Group.
Development Gears Up for Banner Year in Queens
The transit-oriented development boom continues in the New York City borough, which gained more than 1,000 new apartments through July.
Detroit-Area Portfolio Sells for $20M
Coseo Properties offloaded the two communities, totaling 326 units, five years after acquiring them from the Slatkin Corp. for approximately $11.6 million.
LA Luxury Community Receives $25M Financing
Wilshire Skyline has received the loan for the acquisition of the newly developed The Line Lofts located in Hollywood, Calif.
Related, Atria to Target $3B in Senior Housing Pipeline
The two companies are planning luxury high-rise properties in major U.S. markets, starting with New York City and San Francisco.