Regions
How to Deliver Cost-Efficient, Environmentally Sustainable Projects
MHN spoke with Satyen Patel to find out how his company Prescient’s construction system helps multifamily developers deliver projects within tight schedules and on budget.
Berkshire Group Expands its LA Portfolio
The company has purchased its third asset in Los Angeles. The property located in the Koreatown neighborhood has been renamed as Berkshire K2LA.
Trion Properties Expands its Footprint in Fremont
Americana Apartments changed hands for the first time since its construction in 1966. The buyer will rebrand the asset as Parc 88.
Bell Partners, Hansainvest Acquire $63M Denver Apartments
Escape at Ken-Caryl, a 250-unit community in Littleton, will be renamed Bell Ken-Caryl and managed by Bell Partners.
CBRE Facilitates $19M Sale of OR Community
The company represented the seller, Barclay Cascade investors LLC in the transaction. The property’s average monthly rent was $1,204 as of September.
Top 10 Largest Chicago Submarkets by Sales Volume
In the first three quarters of 2017, several Chicago submarkets exceeded $100 million in multifamily transactions. Core city areas remain at the top of the list, tallying more than half a billion dollars in sales during the same time period.
Breaking Ground Opens 1st Affordable Community
Designed by COOKFOX Architects, Park House is an $86 million, 248-unit project in the Bronx, built to accommodate low- and very low-income families.
Ironstate Breaks Ground in CT
The company is developing Stamford Urby, an 11-building, 650-unit community in Stamford. This will be the fourth Urby development, following properties in Staten Island, N.Y., and Jersey City and Harrison, N.J.
JV Lands $215M for NYC Condos
Cape Advisors, Strategic Real Estate and Forum Absolute Capital Partners scored financing from Eastern Consolidated’s Capital Advisory Division for the development in Manhattan’s Special Hudson Square Zoning District.
Inland Empire Shows Strength
Backed by a booming industrial market, the metro added 48,000 jobs in the 12 months ending in July. Apartment deliveries have been slow throughout the cycle, but that is likely to increase as demand continues to push rents higher.