Regions
Former School Transformed into Affordable Senior Apartments
Community Preservation and Development Corp. will begin development of the Highland Park Senior Apartments, an adaptive reuse project that will provide 77 new affordable senior apartments in Richmond, Va.
Economy Watch: Economy Benefiting from Home Sales
What’s good in residential real estate is usually good for commercial real estate (eventually), and the best thing that can happen on the residential side these days are higher sales that don’t feed another bubble.
Stunning Multifamily and Retail Development Launched in Portland
One of the premiere developments coming to Portland’s rising Close-in eastside submarket is currently underway.
Brooklyn Apartment Market Bounced Back in a Big Way
While most New York City apartment markets have experienced a good run for landlords in recent years, the Brooklyn apartment has been especially strong, according to a new report by GFI Realty Services covering cap rates and gross rent multiplier trends.
TODAY’S DEALS: NorthMarq Closes Texas Construction Loan
NorthMarq arranges $10.5 million for a Texas asset; Berkeley Point Capital refinances an assisted living property in Portland, Ore.; and Stepp Commercial completes a $2.5 million sale in Long Beach, Calif.
Latest Addition to Dubai Hills Master Plan Unveiled
Emaar Properties recently announced that Maple, a new townhouse neighborhood with 118 homes, is coming soon to Dubai.
Miami Luxury Rentals Rivaling Condos
The final girder has been placed atop downtown Miami’s landmark Met 3 Tower, the third component of the $1 billion mixed-use Metropolitan Miami project.
Economy Watch: Job Growth Slowing Down
In March, overall U.S. employment growth wasn’t as robust as expected, and the latest employment stats from the states and D.C.—which are also March numbers—reflect a similar slowdown, though not a job market that’s coming to a sudden halt.
Victor Group and Lend Lease Team Up on Manhattan Condominium Building
Victor Group announced it paired up with Lend Lease to develop a residential project at 281 Fifth Ave. in Manhattan.
New Development Features Workforce and Supportive Housing
Highridge Gardens, a new housing development in Poughkeepsie, N.Y., has opened. The locally based Kearney Realty & Development Group, along with Rehabilitation Support Service, developed the property.