Funda Durukan

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    SL Systems LLC purchased the asset and plans to renovate the exterior and upgrade the unit interiors. The community was 95.7 percent occupied as of September.

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    Aeon and The Community Development Trust purchased Seasons Park Apartments, a 422-unit community in Richfield, Minn. The transaction marks Aeon’s largest acquisition and the second-largest investment for CDT.

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    The company tapped Kohn Pedersen Fox to design 815 Water St., a dual-tower building that will be one of the first new condo projects in Tampa within the last 10 years.

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  • CBRE Arranges Sale of 160-Unit Sacramento Asset

    Integrity Housing sold Alhambra at Mace Ranch in Davis, Calif., for $28.5 million. Jim Flinn, senior vice president of CBRE Affordable Housing’s Debt and Structured Finance team, secured $20.2 million in acquisition financing.

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  • A Smart Bulb That Reacts to Sound & Motion

    Heelight is a digital light with 30 different modes that can be controlled by using a smartphone app. By scanning a QR code, the bulb can be operated without Bluetooth or Wi-Fi like other smart options on the market.

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    Land sourcing, rising construction costs and shifts in the financing sector are all key considerations that today’s investors must overcome to be successful. However, it can be done, according to Century West Partners’ Kevin Farrell.

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  • Scuff-Resistant Paint: An Industry First

    Benjamin Moore's newest product is specially formulated for high-traffic commercial environments, and is available in two sizes and more than 3,500 colors.

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  • BRIDGE Housing Breaks Ground on $1B Revitalization

    The firm and Los Angeles' Housing Authority started work on a community that will transform the Jordan Downs housing project in Los Angeles. Phase I will add 115 affordable units.

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