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.,...
Thousands of new apartments in works across Charlotte, N.C.
The development is part of a much larger trend across the city. More than 1,000 apartment units are under construction currently and thousands more are in the works. Along 7th Street, dozens of homes are...
Greenville, S.C. renters to see flood of new apartments
No fewer than seven new complexes are under construction or planned, and if they all get built, the existing supply will grow by nearly 1,200 units. That's much more than Greenville has seen in recent...
Bozzuto takes a Giant leap
Cathedral Commons is a $125 million, two-block, mixed-use development that will include 137 apartment units and eight townhomes, more than 500 parking spaces, and 128,000 square feet of retail anchored by Giant Food, the...
Tempest-tossed in Tuscaloosa
"Not one square inch of the property was untouched," said Lane Company Regional VP Ashley Monroe, who traveled from her home in Atlanta on April 28, the day after a deadly tornado raged through,...
Let the sun shine
Alliance Residential, which opened its first regional office in Sunshine State just before the economy took a dive, is seeing some serious development activity after several years of patiently waiting for the battered market...
Maxwell Drever’s back in buy mode
"Clearwater ghost comes back to life," a local business journal declared above a story about Concierge Asset Management's purchase at the beginning of July of a long-dark condo tower in the economically troubled city...
Capitol gains
"The market there has been relatively steady, certainly relative to other markets in the U.S. that have seen a lot more volatility," said Alliance Residential CFO Jay Hiemenz in early May, a couple of...
