Property Types
Pennrose Properties Opens Heritage at Alexander Hamilton in N.J.
A ribbon-cutting ceremony has officially unveiled Phase III of the long-awaited Heritage at Alexander Hamilton in Paterson, N.J. The new affordable housing lifestyle community was developed by Pennrose Properties, in partnership with the Housing Authority of the City of Paterson.
iStar Financial Records Highest Volume of Sales in Atlanta for First Half of 2014
iStar Residential has announced that it has recorded almost $16 million in sales at the Residences at Mandarin Oriental, Atlanta, a 42-story building that is a combination of hotel units and personal residences.
Condo Prices Skyrocket in Downtown Miami
As the current wave of development nears the halfway point, downtown Miami condominium prices are soaring. Prices for existing (prior cycle) resale condo units in the city’s downtown district have ballooned 75 percent over the past 24 months.
PRIME Hires VP of Student Housing
PRIME Multifamily Investors today the appointment of Lori Butler to the role of vice president of student housing for the company.
SLR to Open Austin Luxury High Rise
StreetLights Residential is opening The Catherine, 300 luxury apartment homes in Austin Texas.
CDT Reaches $1B in Cumulative Investments on Organization’s 15th Anniversary
The nation’s first and largest private REIT, Community Development Trust, has announced that it has surpassed the $1 billion mark in cumulative investments in affordable housing after closing on a $40 million portfolio in California. The accomplishment coincides with the organization’s 15-year anniversary.
Condo Prices Rising Again in Trio of West Coast Cities
Condominium prices rose again in June in downtown Los Angeles, San Francisco and downtown Seattle, according to The Mark Company’s Condominium Pricing Index.
Pre-Leasing Commences at New Vernon Hills, Ill., Luxury Community
REVA Development Partners has announced that is has started pre-leasing for its 304-unit luxury community The Oaks of Vernon Hills in the Chicago suburb of Vernon Hills, Ill.
LJ Group, Cresco Capital Group to Develop 552-Unit Student Housing Community in Berlin
The LJ Group recently announced it has committed a total of €100 million of equity (about $135 million) to Cresco Capital Group’s German student housing venture, Cresco Urban Yurt.
Greystone Launches Seniors Housing Investment Sales and Advisory Group
Greystone, a national provider of multifamily and healthcare mortgage loans, announced it has launched a seniors housing real estate sales and investment advisory group through the acquisition of the ARA National Seniors Housing Group from ARA National Seniors Housing Group Ltd.