Month: October 2017

Forest City scores final approval for $2 billion, 28-acre Pier 70 redevelopment after a decade of planning

After about a decade of planning, developer Forest City Realty Trust Inc. (NYSE: FCE.A) finally scored approval for its massive Pier 70 overhaul that could bring up to 2,150 new homes, 1.75 million square feet of commercial office, and up to 445,000 square feet of retail, light industrial and arts space on 28 acres. The …

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Hines plans first multifamily project in San Antonio

The new development is Hines’ eighth multifamily project in Texas. Source: http://feeds.bizjournals.com/industry_21

$60M luxury apartment community opens in south metro Denver; here's a look (Photos)

Solana Lucent Station, a new luxury apartment community, opens for leasing Wednesday in Highlands Ranch. ReyLenn Properties LLC, a Solana Beach, California-based firm, developed the $60 million project, which includes one-, two- and three-bedroom apartments starting at $1,365 per month. The 285-unit development is at 8555 Belle Drive, near C-470 and Lucent Boulevard. > PHOTOS: …

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Southeast Overtown/Park West CRA’s executive director resigns

Clarence Woods and Overtown The executive director of a city of Miami agency tasked with encouraging redevelopment in one of Miami’s poorest neighborhoods handed in his resignation, The Real Deal has learned. Clarence Woods’ resignation as executive director of the Southeast Overtown/Park West Community Redevelopment Agency is effective Dec. 1st, according to Cornelius Shiver, assistant …

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2 new apartment towers coming to Denver

Two new Denver apartment projects will soon break ground — a 12-story complex near Jefferson Park and a 14-story tower in the Golden Triangle neighborhood south of downtown Denver The Golden Triangle complex — the 13th & Delaware Street Apartments — is located on a 0.35-acre site and will include 176 studio, one- and two-bedroom …

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Texans love their home state, study shows — and so do folks moving here from Colorado, New Mexico & more places

Texans love their home state, and few are considering leaving, according to a new study by LendingTree. The report found that 92.54 percent of purchase mortgage requests in the Lone Star state were from Texans looking to move within the state — the highest rate in the country. Michigan had the second-highest number of residents …

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Broker running for Miami Beach commission loses campaign staff amid sexual harassment allegations

Miami Beach City Commission candidate Rafael Velasquez (Credit: Facebook, Rafael Velasquez) A Miami Beach commission candidate, who is the broker of a boutique brokerage, just lost his campaign staff amid allegations of sexual harrassment. Rafael Velasquez, president and broker of Sunset Realty Group, was accused of sexual harassment by two women this week, commissioner and …

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Report highlights affordable housing problem

As multifamily real estate continues to attract developers and investors, there’s also a growing affordability issue. Source: http://feeds.bizjournals.com/industry_21

KC smart-home startup raises $2M

Friday the 13th has earned a reputation for spurring bad luck, but for one Kansas City startup, that day couldn’t have been luckier. It’s when ELUX Homes LLC closed a $2 million Series A round. ELUX, which stands for energy and luxury, is building the nation’s first single-family, smart-home community at Lenexa City Center. The …

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California firm buys Tamarac rental community

Bob Castro and Hidden Harbour Apartments in Tamarac (Credit: Bankers Healthcare Group) A 371-unit apartment complex in Tamarac just sold for $56 million, property records show. The community, called Hidden Harbour Apartments, at 8800 Northwest 78th Court and 8900 Northwest 77th Court, traded for about $145,550 a unit. BH/IGF Hidden Harbour Apartments, an entity of …

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