Regions
$32M Residential Project Breaks Ground in the Galindo Neighborhood
By Camelia Bulea, Associate Editor A new residential project recently broke ground at South Fifth and Cumberland streets and is expected to bring 119 condominiums, townhomes and flats to the area. According to The Austin-American Statesman, developing the project is a partnership that includes Terry Mitchell, president of Momark Development, along with Adam Nyer of […]
Haunted L.A. Hospital to Get New Life as Affordable Housing
In a deal that might be called spook-tacular, a nearly 90-year-old one-time hospital, which some believe is haunted, will be converted into an affordable rental community for seniors.
Staten Island Condos Out of the Gate Running
The appetite for condos in New York has been reviving lately, with new product moving at a quicker pace than since before the recession, according to brokers in the trenches.
TODAY'S DEALS: Tryko Acquires 170-unit HUD-Subsidized Seniors Asset
Tryko Partners buys a 170-unit seniors housing asset in Pennsylvania; Red Mortgage Capital LLC finances a $29.5 million structured ARM for a UDR property; and Charles Dunn Co. sells a 28-unit property in Canoga Park, Calif.
Fifth Avenue Gets More Luxurious
Manhattan is famous for its skyscrapers, but these are usually office buildings. But with the launch of 1214 Fifth Avenue, which has 53 stories, the Upper East Side is getting its tallest luxury rental building.
Opus Begins Construction on Village of Lisle Luxury Multifamily Development
Opus Development Corporation has begun construction on Arboretum Landmark, a four-story luxury apartment complex in Lisle, Ill.
TODAY'S DEALS: $200M L.A. Development Breaks Ground
J.H. Snyder Co. breaks ground on a $200 million asset in L.A.; Colony Hills Capital lands a 2,000-unit portfolio in Alabama; and ARA brokers the largest multifamily sale to-date in New Hampshire.
City Goes Green with Food Waste Disposal Pilot Program
A new program called “Clean Kitchen, Green Community” was recently launched in Philadelphia to assess how food waste disposers could help the city become greener.
Maryland Affordable Housing Completes Redevelopment
The redevelopment of the 100-unit Harper House in Columbia, Md., has been completed, according to Enterprise Home, which held a grand re-opening ceremony recently to mark the occasion.
Museum-Quality Sculpture to Grace NYC Apartment Property
Equity Residential reports it developed Ten23 Apartments with an eye toward redefining luxury residential living.