Regions
Unveiled: Wilmette’s First New Rental Property in a Decade
M&R Development and Globe Corp. developed the new Residences of Wilmette, in Wilmette, Ill. The community was built to achieve LEED Silver certification and is located within commuting distance to Chicago.
CityView Unveils Mural at OC Development
Located at the upcoming Baker Block apartment community, the mural, by artist and OBEY Clothing Founder Shepard Fairey, covers 8,000 square feet and is the largest of its kind in Orange County. The 240-unit community is scheduled for completion in November.
Marina Arts District Grows With $100M Development
Dubbed G8, the project will be one of the area’s largest multifamily communities. California Landmark Group’s development is located in a former Marina del Rey industrial zone and is scheduled for 2019 completion.
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.