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The median price for single-family homes in the Orlando region that closed in March increased 6.3% over March 2017 to $249,900. The median price for condos increased 19.4% during that same period to $122,900.
Dranoff is turning his focus to his luxury condominium and rental developments, including the nearly completed rental property One Theater Square, adjacent to the New Jersey Performing Arts Center in Newark, NJ.
Over the course of his career, Williams directed and coordinated the development, construction, and management of more than $15 billion in real estate developments.
The new Brody Ranch community will bring 199 condominiums, single-family homes and duplexes to Sonoma County, where fires destroyed 5,130 homes, with 21 of the units to be sold at below-market rates.
“Regardless of where multifamily assets are located, as long as they are near – and transit accessible to – employment centers, they are competitively bid upon,” says Gebroe-Hammer's Ken Uranowitz.
The portfolio comprises four rental apartment properties—Bella Vista at Boca Del Mar, Centro at Davie, Stonybrook Apartments and Savannah Lakes—totaling 16.6 million rentable square feet and 1,616 units.