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    LMC and Clark Street Real Estate are opening The Emerson, located in Oak Park, Ill., a suburb of Chicago. The community includes 270 units and a retail component.

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    Decelerating rent growth and stagnant or falling occupancy rates suggest that developers can no longer expect the same returns experienced in recent years. As a result, development will likely slow down. According to Yardi Matrix data, these 10 markets are expected to see the greatest increases to supply this year.

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  • High-End Asset Breaks Ground in LA

    Urban Architecture Lab began work on Variel Apartments, a 277-unit luxury property in Canoga Park’s Warner Center. The project will be completed in the fall of 2019.

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    Banks cited a less favorable or more uncertain outlook for CRE property prices, vacancy rates or other fundamentals, as well as reduced risk tolerance as important reasons for tightening CRE credit policies in the first few months of 2017, according to the Federal Reserve's latest Senior Loan Office Opinion Survey.

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  • Meridian Capital Arranges $50M Construction Loan

    SAMTD Woodbridge LLC will use the financing for the development of The Grande at Metro Park, a 232-unit apartment community in Iselin, NJ. The buildings will feature an 8,200-square-foot retail space.

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    The company has purchased the 366-unit Firewheel Apartments, located in the North Hampton neighborhood. Berkadia's South Florida team arranged the financing.

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  • Leasing Starts at Murray Hill Marquis Luxury Apartments

    The former boutique hotel is being converted into 260 modern no-fee studio and one-bedroom apartments, with rents ranging from $2,575 to $3,450 per month.

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  • Luxury Community Opens on Philly’s Main Line

    The 36-acre site where the luxury apartment community is located also features a 20,000-square-foot historic mansion built in 1881, which will be updated with modern amenities.

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