Pinnacle Gets Permit for 110-Unit Senior Tower in Naranja
Pinnacle's Tropical Crossings, an 8-story, 110-unit senior rental at 25001 SW 137th Ave in Naranja, drew a Miami-Dade new-construction permit on Sept. 17.
Rental housing and build-to-rent.
Pinnacle's Tropical Crossings, an 8-story, 110-unit senior rental at 25001 SW 137th Ave in Naranja, drew a Miami-Dade new-construction permit on Sept. 17.
Vivmark's first deal since the AvalonBay-Equity Residential merger is $742M for seven Bay Area communities, most already on its own books.
A financing model that skips the 4% credit is the news, not the 102 units.
The read for developers: the 1980s-scale supply wave is being absorbed, and the timing window on distressed deals is starting to close.
Pinnacle and Ram Realty Advisors topped off the 334-unit Aventana in Aventura, an $88.3 million Santander-financed tower steps from Brightline.
An Aurora, Ohio developer is using Florida's Live Local Act to put a 260-unit tower on Allapattah land zoned for light industrial use.
Legacy Five has picked ANF as construction manager for Magnolia Point Phase 1, 409 affordable units in Leisure City, with more to come.
The financing shows how a $2 land buy plus a public lender pencils affordable units in one of Brooklyn's costliest submarkets.
In a distress-and-rates cycle, a gateway-metro high-rise still pencils for well-capitalized partners betting on durable rent demand.
The 209-unit pair on the Upper West Side, more than half backed by Section 8 vouchers, traded at about $359,000 a unit.
The partners open with a downtown office-to-housing conversion branded Sky Castle.
A German bank and a value-add equity partner are still funding new high-rise rental in Dallas' densest submarket.
One Stockyards project starts while the marquee $1B phase sits stuck, a lesson in de-risking the entitlement you actually control.
A low-density, big-unit tower is a bet that Uptown renters want space over amenity sprawl in an oversupplied metro.
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