Multifamily

Here's a look at this week's trends, announcements and deals that you may have missed in the country's North West region.

WASHINGTON, DC--The project is part of the District's New Communities Initiative.

LOS ANGELES—The developer wants its eponymous mixed-use development in South Park to be the “most significant” and luxury project in the market, with a five-star Park Hyatt hotel, curated retailers and restaurants and high-end residential.

BAYTOWN, TX—The Aria at Rollingbrook multifamily community is adjacent to ExxonMobil, Chevron Phillips petrochemical plants and accessible to Gulf Coast's downstream energy construction boom.

REDWOOD CITY, CA—Features include WiFi hubs on each floor, keyless fob access, Nest learning thermostats and thermal solar water heaters, while the building is pre-wired for Google Fiber, a 1 gigabit service up to 100 times faster than standard high speed Internet.

SOUTH FLORIDA—The sector is a preferred asset class for investors looking to deploy capital in South Florida. But with so much inventory coming online, lenders are beginning to pull back.

LOS ANGELES—An expert group of panelists at last week's RealShare Apartments conference say that there are some core markets, especially in the gateway cities that are being overbuilt.

MIAMI—There's no doubt e-commerce is impacting retail and industrial commercial real estate. But what about multifamily?