Everything’s brand new in… D.C.?
The code now permits light-framed buildings of wood or steel, which are often faster and less expensive to build than equivalent heavy-framed structures, to reach eight stories and up to 85-ft. high—just shy of...
Riding out the storm in D.C.
“I love D.C.,” said Camden Property Trust CEO Ric Campo during the apartment REIT’s second quarter earnings conference call at the beginning of August. “That’s why we have a big concentration there,” he said of...
D.C. dysfunction
While AvalonBay Communities' portfolio in the nation's capital achieved positive revenue growth and rent growth in Q3, revenue growth from the company's D.C. Metro portfolio was up about one percent year-to-date, but turned flat...
Residents only
In Key Biscayne, Fla., Oceana Key Biscayne is constructing a private restaurant with globally-inspired cuisine that's dedicated to the buyers of its units priced from $2 million to $19 million. Another going up within...
Rise of the rental
The project, developed by Miami-based Melo Group, exemplifies a new generation of professionally-managed rental apartments emerging in South Florida. After a long drought in rental construction and the loss of thousands of rental units to...
Cut from the same fabric
The Loray Mill, which for decades produced fabric for car tires, in April began a $40 million conversion project that will create 190 apartments in its six stories, as well as several floors of...
Apartment hot spot: Florida
Wimberly at Deerwood, Preserve at Cedar River, Bridgewater at Wells Crossing, Mariner's Wharf, Country Club Lakes, Water's Edge. Those are just some of the Jacksonville-area apartments that have changed hands in the past two months...
Asking tenants to spend the night
"The 520,000 square foot, 34 story structure will be converted to 445 for-lease residences," according to Metropolitan Partnership Ltd., the Reston, Va., development firm that purchased the building in November for $6 million. Ten Light...
All roads lead to the beach
The award-winning architecture of the buildings in Alys Beach has its roots in the master planning of new urbanism pioneer Duany Plater-Zyberk & Company (DPZ). Designed for walkability, interaction and environmental-efficiency, the roads and...
Two heads are better than one
But prior to launching the company, the industry experts found themselves competing with each other in a tough environment where developers battle it out for a limited number of opportunities. Proffitt served as development executive...
Apartment construction slowly picks up in Florida
With the exception of Austin, Texas, the Orlando metropolitan area had the lowest apartment-vacancy rate of any of the two dozen metropolitan areas tracked by ALN Apartment Data Inc. during the second quarter of...
The case for green rentals
Located in the city of Rome, this new, energy-efficient, 10-unit public housing project is expected to earn LEED for Homes certification at the Silver level—a first for a project of this type in Georgia—as...
Rental, sweet rental: Shift toward apartment living spurs construction in Florida
The two groups are spawning a fundamental shift in housing and a fledgling boom in the construction of new apartments for the first time in years. It is a national trend that is crystallizing...
The hottest U.S. real estate market: Washington, D.C
"Our spring market has taken off quite early," said Schwartz. "We've reached that stable point where we're out of a buyer's market." The nation's capital has been a leader when it comes to real estate. While...
JPI Multifamily Partners shedding D.C. apartments
JPI Mulifamily Partners LLC has an offer to sell its 909 at Capitol Yards at 909 New Jersey Avenue SE for about $95.4 million to a pension fund managed by JPMorgan Chase Bank N.A.,...
