Regions
MacQuesten to Develop $110M Mixed-Use Property in NY
The firm’s plan is to build a 27-story property encompassing 282 residential units, 9,500 square feet of retail space and a four-story parking garage, with an option for an additional optional 50,000 square feet of office space. The project is part of the city of New Rochelle’s massive redevelopment plan.
Midtown Detroit Gets New Mixed-Income Community
Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.
Renovating the Right Way
Do you know what steps should be taken to figure out which upgrades work best for your property? Jay Madary, president & CEO of JVM Realty Corp., offers advice and best practices.
HFO Sets Record With OR Sale
The $40.5 million sale establishes a new record as the largest dollar figure in history for a Springfield multifamily property transaction.
Shorenstein Nabs Manhattan Luxury Community for $57M
HFF brokered the sale and arranged $31 million in financing for the 54-unit, recently renovated apartment building located in Manhattan’s East Village neighborhood.
JV Brings Luxury Living to Jersey City
Hartz Mountain Industries and Panepinto Properties developed the LEED Silver-certified TOD, which includes 13 stories and 240 units. The community is already 40 percent leased.
Overbuilding in Richmond?
Following several years of strong supply, the area’s multifamily market is shifting down a gear. With almost 20,000 units in the pipeline, the metro is at risk of overbuilding.
Design Trend Update with Home Depot’s Sarah Fishburne
The home improvement supply retailer’s design and trend director spoke with MHN at the National Apartment Association’s Education Conference & Exposition in Atlanta to explain how design choices reflect changing lifestyle patterns.
Berkadia Secures $23M Loan for Chicago-Area Assets
Ridge Garden Apartments and Indian Trails Apartments, two affordable multifamily properties in the greater Chicago area, will undergo capital improvements.
CBRE Lines Up $14M Financing for New Idaho Community
The company worked on behalf of the borrower, 5th and Idaho Apartments LLC. The five-story building will be located in the historic district of Old Boise, Idaho.