Construction Maison

A Dallas buyer has purchased a high- rise apartment building just north of Little Rock’s Park Plaza Mall , according to a firm negotiating the sale. Commercial real estate firm Berkadia of Chicago said Friday that it represented the property’s seller, The Goodman Group of Chaska, Minn., in the transaction. Records with the Pulaski County assessor ’s office show the Summit House property sold at a price of about $10.7 million on July 3. Patrick Jordan, senior director at Berkadia’s Memphis office, said the deal was a “one-of-a- kind investment opportunity ” in an “irreplaceable” location in Little Rock’s Midtown district. “This will be a large repositioning project that will get a lot of buzz in the marketplace,” Jordan said in a statement. The property is situated near the intersection of North University Avenue and Father Tribou Street . The 165- unit Summit House apartment building features studio apartments as well as one-, two- and three-bedroom units. It offers a swimming p...

Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa. Photo courtesy of Mountain Peak Marketing " width="300" height="169" /> Perryman Construction Management is building the 30-unit multi- family Hayspur development in Nampa, shown here. Photo courtesy of Mountain Peak Marketing Apartment projects are going up across the Treasure Valley from Boise to Meridian to Nampa and to the next frontier in multi- family housing , Kuna. Some 2, 700 apartment units are in various stages of construction among those cities. Some are recently completed and some are being built in phases.  That is a stark contrast to the near zero multi- family construction in 2010 in metro Boise. Multi- family housing has evolved in the 21 st century, largely moving away from large buildings with hundreds of units. Locally, many developers have settled for the common denominator of sets of fourplexes with the occasional six-, eight- ...