Greystone, a New York-based real estate development, lending and advisory company, announced the closing of $28.25 million in financing for the construction of 1501 SW 37^th Avenue, a mixed-use apartment tower in Miami. The project lies on an approximately 34,000 square foot (net) lot that will be developed into approximately 91,000 square feet of residential and 6,500 square feet (net) of ground-floor retail space.

Philadelphia City officials, business, labor and arts leaders, and representatives of Apartment Investment and Management Company (Aimco) formally opened the Park Towne Place Museum Residences at a ribbon-cutting ceremony yesterday afternoon.

Newport Property Construction, Ltd. has been tapped by Starwood Capital Group to complete two South Florida multifamily renovation projects including high-end luxury apartments at the Miami Beach Roney Palace, and hundreds of units at Palm Trace Landings in Davie, Florida. The South Florida firm was contracted by Starwood Capital Group after the leading global investment firm acquired a portfolio of 23,262 apartment units in a deal reported in October 2015. In South Florida, Starwood now owns 33 properties with 10,742 units.

Baton Rouge, LA based Ventures Development Group, LLC, has closed its $29 million loan and commenced construction on the development of a 247-unit apartment community located at 3090 Outlet Parkway in Grand Prairie, Texas. The location is virtually equidistant to Fort Worth and Dallas, offering immediate access to all major roadways within just minutes.

Berkshire Group, in a joint venture with The Hanover Company, announced the groundbreaking in April on Domain Foxborough, a 248-unit apartment community located in Foxborough, Massachusetts. Completion for the development project is slated for late 2017. Once stabilized, the property will be managed by Berkshire Communities, the property management division of Berkshire Group.

CityView, a premier investment management and development firm focused on urban multifamily real estate in the Western United States, and Windflower Properties, a privately held real estate development company, today held a naming ceremony for their new transit-oriented apartment community, The Union Flats. The Union Flats project is currently under construction in the Station District neighborhood of Union City, Calif.

MORGAN, a leader in upscale multifamily development, construction and property management, has opened Pearl CityCentre and Pearl Residences at CityCentre, two of its newest luxury apartment developments in Houston. Located across the street from one another at 10401 and 10402 Town & Country Way, the two communities have been designed to appeal to a variety of renters drawn to the area for its proximity to shopping at CityCentre and Memorial City, employment in the Energy Corridor and Westchase District, and exemplary schools in the area.

VIENNA, Va. – May 17, 2015 – Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the completion of Modera Avenir Place, a transit-oriented, mixed-use community situated on the Dunn Loring-Merrifield Metro station. 

LITHONIA, GA – May 17, 2016 – Wendover Housing Partners, a privately held real estate development, investment and management company, today announces breaking ground on a new affordable, multi-family apartment community in Lithonia, GA, Granite Crossing. Located in the heart of the downtown Lithonia Plaza, construction on the 75-unit community is scheduled to begin in August 2016—the newest major construction in the city since 2009. With the first residents expected to move in during summer 2017, the new development is the cornerstone in the City’s sustainable revitalization plan for transforming the downtown neighborhood.