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Construction continues on The Fashion District Philadelphia, a joint venture partnership between PREIT and Macerich, which announced more than two dozen new lease deals at the property.
Houston has a deep class-B and -C multifamily market, allowing Excelsa to build a portfolio of more than 1,500 units in the next several years, which it aspires to do as it creates economies of scale in many US markets.
The lower cost of living in Texas compared to other major markets, along with increased employment opportunities, creates a magnet for Millennials looking to grow careers and balance work with quality of life.
400 Summer St. is a 16-story laboratory building that is part of WS Development's 23-acre Boston Seaport development that is designed by Morris Adjmi Architects of New York City in collaboration with the Boston office of Stantec.
With New York City’s affordable housing crisis, the developers plan to tap into tax credits and to return more than 1,800 market-rate apartments to rent regulation.