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A rendering of Card Sound Key Apartments
DevelopmentFloridaNewsSoutheast

Coral Rock Development Will Break Ground in 2024 on Workforce Project Near Miami

by Lynn Peisner

FLORIDA CITY, FLA. — Coral Rock Development Group will break ground in 2024 on Card Sound Key Apartments in Florida City, approximately 40 miles south of Miami.  Card Sound Key Apartments will be comprised of 342 units in one-, two- and three-bedroom layouts. The developer says 20 percent of the units will be workforce housing, reserved for renters earning 100 percent or less of the area median income (AMI). Amenities will include an outdoor workout circuit called Vita Course, a pool, barbecue area, two-story clubhouse, dog park, playground and a …

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Exterior of the recently sold LC by CLG apartment building
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $46.5 Million Sale of LC by CLG in Los Angeles

by Lynn Peisner

LOS ANGELES — California Landmark Group has sold LC by CLG to a private partnership formed by Santa Barbara, California-based Harrison Yale Hurst and Richard Rosin of H&R Investments. CBRE’s Dean Zander and Stewart Weston arranged the sale and represented the seller, a developer known for its CLG-branded properties. The asset sold for $46.5 million. LC by CLG is adjacent to Paramount Studios and located in the Larchmont Village neighborhood. The 84-unit community includes amenities such as a rooftop deck with a pool, barbecues, fire pits, seating areas and views …

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Rendering of Mira Raleigh
DevelopmentNewsNorth CarolinaSoutheast

Origin Investments, Spandrel Development Partners to Co-Develop Midrise in Raleigh, North Carolina

by Lynn Peisner

RALEIGH, N.C. — Origin Investments and Spandrel Development Partners will co-develop an $87.4 million mixed-use project in Raleigh’s central business district. Mira Raleigh will be a seven-story building that will house 288 apartment units and 2,600 square feet of ground-floor office space.  Units will be comprised of 80 studios, 130 one-bedroom units and 78 two bedrooms in a variety of floor plans. Amenities will include a club room with chef’s kitchen and bar area, a sky lounge with skyline views, coworking spaces and a 24-hour fitness center with Peloton bikes. …

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