Miami-based Coral Rock Development Group and Arena Capital Holdings proudly announced today that they have closed on a $12.75 million construction loan for the retail portion of Pura Vida Hialeah, a nine-acre mixed-use project that is transforming Hialeah and is set to be the first of its kind in the area in more than 20 years. BB&T served as the lender.

San Francisco, CA – PCCP, LLC announced today it has formed a joint venture with Intracorp for the ground-up development of two, for-sale townhouse projects totaling 129 units within the Puget Sound region. The portfolio includes Kelkari, a 71-unit community located in the eastside city of Issaquah, WA; and Cloverdale, a 58-unit community located in the South Beacon Hill neighborhood of Seattle. With this joint venture, ground is now being broken on each of the sites which are development ready, with all entitlements, building permits, and contracts in place.

LMC, a leader in apartment development and management, today announced the start of leasing at Oceanaire, a luxury apartment community located in the heart of downtown Long Beach. First move-ins are anticipated for this summer.

Development benefits from neighborhood’s central location and proximity to Flagler Village and downtown

PARAMOUNT Miami Worldcenter, the residential tower that all but knocked out the competition with its blockbuster amenities like a boxing gym, jam room, futuristic Jetson’s style Skyport and soccer pitch, has just received its TCO (temporary certificate of occupancy). Closings are underway.

Two rowhome models have opened at Lexington Reserve at Oak Park, a new maintenance-free community of 21 single-family rowhomes by Lexington Homes, located within walking distance of a Metra station, multiple “L” stations and all the amenities of downtown Oak Park, Ill. Homebuyers have begun to move into the community, and a selection of rowhomes is available for early delivery.

GlassHaus is a boutique luxury building under construction in the heart of Coconut Grove

Highridge Costa will be holding a groundbreaking ceremony on August 28 for the second phase of the $130 million Kulana Hale Mixed-Use affordable senior and multifamily apartment community in Kapolei. Hawaii Governor David Ige, state and local officials, community leaders and members of the development team will attend.