Regions
Ground Broken on StreetLights Rental Project in Houston
The Carter, a new 20-story high-rise development from Dallas-based StreetLights Residential, has broken ground in the Museum District of Houston.
Economy Watch: Apartment Market Still Strong
The National Multifamily Housing Council Quarterly Survey of Apartment Market Conditions found that U.S. apartment markets expanded across all four areas that the organization measures.
LCOR Suburban DC Apartments Half Leased in Three Months
Though supply is growing, demand for apartments is still strong in metro Washington, D.C., with LCOR reporting that fully half of the units in its Aurora multifamily development are leasing since the property opened in July.
TODAY’S DEALS: American Realty Advisors Buys an L.A. Asset from Dinerstein
American Realty Advisors buys a Los Angeles asset; Marcus & Millichap sells 336 units in Indianapolis; and M&P purchases two San Diego properties for more than $2 million.
540West in New York’s Hell’s Kitchen is 80 Percent Sold
Fortis Property Group and Wonder Works Construction Corp. have announced that the Hell’s Kitchen development, 540West, is now 80 percent sold.
Boston Capital Real Estate Partners Acquires 194-Unit MF in Alpharetta, Ga.
Boston Capital Real Estate Partners LLC has acquired Lakes at Windward, a 294-unit, Class B garden-style multifamily community located in Alpharetta, Ga.
Economy Watch: Pending Home Sales Edge Up in September
The National Association of Realtor’s Pending Home Sales Index, which is a forward-looking economic indicator based on contract signings (but not closings), inched upward to 105.0 in September from 104.7 in August, and is now 1 point higher than in September 2013, when it was 104.0.
Cypress Development to Open Sales at Scottsdale Condo Development
Cypress Development Group is on the verge of launching sales for the Sterling Collection at Silverleaf, a condo development in Scottsdale. The property is composed of five four-story buildings that include automated parking and private elevators that open directly into each unit.
Redeveloped Coop Adds 79 New Luxury Units to Elmhurst Neighborhood
Veteran developers Myles Horn, ABC Properties and Fisher Associates have unveiled 79 redeveloped units at The Continental Park in Queens, New York’s Elmhurst neighborhood.
TODAY’S DEALS: Weidner Makes Entry in Oklahoma with 324-Unit Purchase
ARA brokers the sale of a newly built asset in Oklahoma City; CBRE Global Investors grabs a 348-unit asset near Portland; and NorthMarq Capital finalizes a $12.4 million refinance.