Gregory Hand

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    Only nine out of the 139 neighborhoods included in a RentHop study have median asking rents that can be afforded with 35 percent of the area median income.

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    The owner of Agritopia and Barnone, two developments in Gilbert, Ariz., entered a joint venture with IPA/Liv Communities to develop its third community in the area. The project is slated to break ground this fall.

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    Located on nearly 27 acres bounded by Lawrence Expressway, Central Expressway and Kifer Road, Nuevo will be the city’s largest master-planned housing development since Rivermark.

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    KeyBank Real Estate Capital arranged the financing, 12-year term, seven-year interest only period and a 30-year amortization schedule for the 255-unit Stonewood Garden Apartment Homes.

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    The San Francisco-based company entered acquired the 198-unit Birch Run Apartments in Clarkston, Ga. The property will soon undergo a $3 million renovation process.

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    This week's listings include the recently completed rehabilitation of an historic 18-unit building in Jersey City, N.J., and a new townhouse asset in New Hampshire that comes with an adjacent lot available for future development.

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  • KTGY Designs LA Container-Based Homeless Housing

    Aedis Real Estate Group's Hope on Alvarado is the first in a series of area developments using shipping containers as a primary building material. The community will provide support services for people transitioning from homelessness.

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    The city's market is growing slowly, particularly in submarkets outside the urban core that still face difficulties stemming from the last downturn.

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