Multifamily

TROY, MI-The new development will bring in a 45,000-sf office building and 140 condominiums in an already strong commercial and residential market. A 100,000-sf church also is being built on the 84-acre site.

ROUND ROCK, TX-Dirt's flying on Houston-based Martin Fein Interests, Lakeside at La Frontera. The 388-unit complex is Fein's second project in the development and comes on the heels of the Enclave reaching 50% lease-up.

LONDON-The mixed use and residential property developer Berkeley Group increased its pre-tax profits by 24% in the year ended 30 April 2001.

DENVER-"Continued low vacancy and solid rent growth will persist through the end of the year," according to an apartment report form Marcus & Millichap. Downtown and the US 36 corridor are the strongest submarkets.

DENVER-"Continued low vacancy and solid rent growth will persist through the end of the year," according to an apartment report form Marcus & Millichap. Downtown and the US 36 corridor are the strongest submarkets.

BLOOMFIELD HILLS, MI-Three apartment complexes in Ypsilanti, MI; Woodhaven, MI and Detroit change hands for a total of $6.8 million, an average of $22,150 per unit, in separate transactions.

DENVER-A stalemate between the Republican-controlled house and the Democratic-run Senate during a special legislative session paves the way for other growth initiatives on the ballot this November.

DENVER-Two apartment complexes in northern Colorado get non-recourse, high-leverage loans with a 7.25% fixed rate, a combination construction and permanent financing carrying a 40-year term with a 40-year amortization.