Development

MOUNTAIN VIEW, CA—Affordable multifamily apartments provide critically needed housing by giving preference to low-income families and people who live or work in Mountain View, thereby promoting accessibility to those struggling to find housing in an extremely competitive market.

OCEANSIDE, CA—Oceanside's economy is moving upward as businesses and residents are moving into the area, and the trend is expected to continue into as more residential and commercial projects come to market, Lee's Blair Havens tells GlobeSt.com <b>EXCLUSIVELY</b>.

JERSEY CITY, NJ—The firm anticipates 2016 dispositions to total approximately $730 million, consisting of 27 office buildings totaling 4.5 million square feet and one residential building with a GAAP NOI yield of approximately 5.5% overall.

CHICAGO—The enthusiasm shown by attendees to ICSC's annual conference here has been growing every year, and now it may have matched the events held before the recession.  

CONCORD, CA—Acquisition and construction financing of $72 million was acquired for both phases of Renaissance Square, with a 15-year term of three years interest only, followed by a 30-year amortization schedule, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

WHIPPANY, NJ—Named for its previous use, The Powerhouse opened this month, offering enhanced gourmet food services, a multi-function lounge, conference room and a health and wellness center.