Phoenix-based Porter Kyle Builders continues to build up its Build-to-Rent homebuilding operations with the addition of CRE veteran John Rowland as Vice President of Construction. Rowland brings more than 25 years of residential construction experience, including leadership roles with four national homebuilders. Throughout his career, he has overseen a wide range of projects and operations,...
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A joint venture between PCCP and The Dinerstein Companies has acquired two adjacent student housing communities totaling 1,128 beds at 1300 Harvey Mitchell Parkway South in College Station, serving students attending Texas A&M University. The properties formerly known as 2818 Apartments and Parkway Place have been combined and rebranded as Sterling College Station. Mountain Capital...
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JLL Capital Markets arranged $39 million in financing for The Arbella at Bramble Hill, a recently completed, 123-unit, Class A active adult community in Worcester, MA. Managing director Henry Schaffer and director Madeline Joyce worked on behalf of the developer, The United Group of Companies, Inc., to secure the bridge loan through Eastern Bank for UW Senior, LLC. The...
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Greystar is seeking permission from the City of Doral to build 896 apartments at the Miami International Mall. The development is slated to go where two department store buildings currently stand. The South Florida Business Journal reports that the site includes the shuttered Sears and JCPenney store. Under the proposal, Greystar would build up to 896 apartments in three...
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Jody Hill Apartment owners and operators are strategizing to attract more renters as homeownership costs rise and consumer behavior shifts. According to a recent Deloitte report, one such emerging strategy is “Living-as-a-Service” (LaaS). Under the model, apartment owners and operators go beyond just leasing units with a few amenities to operating a subscription-driven, service-oriented platform...
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Advanced Real Estate has acquired the 126-unit Casa La Paz apartment community in Rowland Heights. The property has been rebranded as The Rowland and will undergo a comprehensive renovation program including exterior improvements, upgraded interiors, and enhanced community amenities. The acquisition marks the fifth property acquired in the past eight months by Advanced Fund 24-3....
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Condyne Capital announced plans for a transformative redevelopment project at the former Konica Minolta building located at 500 Day Hill Rd. in Windsor, CT. The proposed mixed-use development has approvals in place and will be an adaptive reuse of a 99,480-square-foot office building. 500 Day Hill Rd. will feature 300 Class A apartments alongside 19,983...
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Ugo Bizzarri, founder and executive chair of Hazelview Investments has received a Rental Housing Canada Lifetime Achievement Award. The award program recognizes individuals who have made a lasting impact on Canads’s rental-housing sector through leadership, advocacy and a commitment to building better communities across the country. Bizzari co-founded the company now known as Hazelview in...
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