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The Lease Option
Bethesda, Md. —This May, JPI finished construction on two high-rise apartment buildings on the campus of an exclusive prep school for young men just outside of Washington, D.C.
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California Senate OKs Smoking Ban
The state Senate has passed a bill to ban apartment residents from smoking in their apartments.
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Renovation Station
Jackson, Miss. — For a city that’s lost more than 20,000 residents over the past two decades, this town has a lot of development in the pipeline. More than $1.6 billion in commercial and residential real estate investment is poised to pour into the downtown area of Mississippi’s capital city...
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Multifamily Starts Up
Apartment developers are taking the plunge.
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MIDWEST
Chicago — Campus Acquisitions, a Chicago-based firm focused on student housing development, has acquired two student housing projects for undisclosed amounts in South Carolina and Texas.
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Summer School
Alameda, Calif. — “It looked like something out of Baghdad,” said Eddie Ring, senior managing director of Kennedy Wilson Multifamily Group.
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Condo Crisis Deepens
Miami Beach, Fla. — In February, buyers at one of the biggest condominium conversion projects in Florida started to get their deposits back.
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Madison Begins Again
Madison, Wis. — A condominium and single-family housing boom that began earlier in the decade has abated here, allowing owners to raise rents and eliminate concessions for the first time in years.
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Homeless Check In To Nuevo Sol
SANTA CRUZ, CALIF. -The Nuevo Sol Apartments haven’t always been a healthy place to live. Before workers finished a green rehab here in September, the tiny rental apartments had a reputation for illegal drugs and prostitution, despite their location just a few blocks from the beach.
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MIDWEST
CHICAGO - Nonprofit developer Lawndale Christian Development Corp. will build the Martin Luther King Jr. Apartments on a vacant two-acre site owned by the city.