NASHVILLE, TN – Mission Rock Residential, a Denver-based multifamily property management company, is further expanding its Tennessee presence, announcing a new management contract for Commonwealth at 31 apartment community in Spring Hill, Tennessee. The company has been issued an agreement for the management of 248-unit community by Hamilton Zanze Real Estate Investments.
Located within 30 minutes from Nashville’s urban core, Spring Hill has seen tremendous growth in recent years due to its forested surroundings and ease of transportation access for young professionals and families alike. Located in Williamson County, the area is home to the top performing school district in the State and has experienced a surge of retail and restaurant openings to steadily improve quality of life. Commonwealth at 31 Apartments is well-situated with convenient access to I-65 and nearly adjacent to Highway 31.
“Built in 2017, the design of the Commonwealth at 31 Apartments offer Spring Hill residents the perfect balance between upscale features and Tennessee’straditional charm. The modern apartment interiors are coupled with inviting amenities that promote a right sense of community. As we have grown in Tennessee, this being our fifth community, we are learning more about what local renters desire; they not only want a gorgeous apartment, but they also expect best-in-class customer service. Here at Mission Rock, we are looking forward to raising the bar,” said Pat Hutchison, President of Mission Rock Residential.
The apartment community’s amenity package included a high-end fitness center, an on-site dog park, a business center, an outdoor kitchen and gathering lounge, fire pits, and resort-style swimming pool. A children’s play park is also located on site, as well as rentable storage units for those who need them, all within a gated community.
The community’s one, two, and three-bedroom apartment options offer stainless steel appliances, granite countertops, in-unit washers and dryers, wood-style flooring, LED lighting, and walk-in closets. They range in size from 800 square feet to 1,300 square feet.

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HAMILTON, NJ – Total construction starts lost 1% from January to February dropping to a seasonally adjusted annual rate of $767.5 billion. Large projects in the office and healthcare sectors provided a boost for overall nonresidential building, while residential and nonbuilding construction starts went lower.
With only two months of data available for 2020, it is hard to ascribe a 2020 trend. But, some perspective can be gleaned by examining a 12-month moving total. For the twelve months ending February 2020 total construction starts were 3% higher than the previous twelve-month period. By major category, nonresidential building starts were 3% higher, while residential starts were up 1%, with nonbuilding starts increasing 7%.
In February, the Dodge Index went lower to 162 (2000=100) compared to the 165 posted in January.
The excellent news is that heading into the coronavirus pandemic, construction starts were stable. The economy was healthy fueled by continued steady job growth, stated Richard Branch, Chief Economist of Dodge Data and Analytics. Of course, the pandemic s effect on future starts is as yet unknown. Construction firms will need to deal with multiple issues including supply chain disruptions, workforce constrictions due to the outbreak, and an economy that has went from a pace near its long-term potential to a virtual stall within the space of a week. Over the next few months, many construction projects could see delays in start or longer times to completion based on shortages of supplies from China or a reduction in available labor due to spread of the virus. Still others may start to see projects cancelled outright due to a sudden circumstantial change in demand. Plotting data as reported to Dodge Data & Analytics will be watched closely to see if fissures are developing in the construction sector.
Nonbuilding construction starts went 9% lower from January to February, dropping to a seasonally adjusted annual rate of $148.8 billion. The drop in February was the result of a 17% decline in the highway and bridges and a 22% drop in the utility/gas plant category. But, gains were seen in the miscellaneous nonbuilding category and environmental public works, which rose 14% and 1% respectively.
The largest nonbuilding construction project to break ground in February was the $531 million Juno Solar Project in Borden County TX. Also starting in February was the $500 million Huge Raymond Wind Farm, which is spread over Hidalgo, Willacy, and Cameron Counties in Texas as well as the $406 million Pryor Mountain Wind Farm in Bridger MT.
For the twelve months ending February 2020, total nonbuilding starts were 7% higher than the twelve months ending February 2019. Starts in the utility/gas plant category were up 92% and environmental public works starts rose 3%. But, street and bridge starts were 8% lower and miscellaneous nonbuilding was down 14% for the twelve months ending in February.
Nonresidential building gained 7% in the month of February to $285.9 billion on the back of several large projects getting underway in the office and healthcare sectors. February s commercial construction starts rose 7%, while institutional starts went 13% higher. Manufacturing starts by contrast fell 27% in response to several large projects that broke ground in January.
The largest nonresidential building project to break ground in February was the $1.3 billion Two Manhattan West Office Building in New York NY. Also breaking ground during the month was the $800 million New Valley Hospital in Paramus NJ and the $760 million Disney/ABC Headquarters complex in New York NY.
On a twelve-month basis, nonresidential building starts were 3% higher in the most recent twelve months than during the twelve months ending in February 2019. Commercial starts were up 7% in the past twelve months, while institutional starts were less than one percent lower. Manufacturing starts were down 2%.
Residential building starts went 4% lower in February to a seasonally adjusted annual rate of $332.8 billion. During the month, single family starts dropped 7%, while multifamily starts increased 3%.
The largest multifamily structures to break ground during in February were the $150 million Cambridge Crossing in Cambridge MA and the $150 million 44 East Condo Tower in Austin TX. The $140 million Armature Works mixed-use project in Washington DC was also one of the largest residential projects to break ground during the month.
For the twelve months ending in February, total residential starts were 1% higher than in the twelve months ending in February 2019. Single family starts were up 3%, while multifamily building starts were 2% lower.

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ATLANTA, GA – Dunross Capital a New York based real estate investment company announced the acquisition of 250 Unit, Spring Valley Apartments and 236 units at Park at Candler, which is directly across the street. The properties are immediately off Candler road exit on the I-20 corridor and represent the next step in the company’s strategy to be a leader in providing quality housing to Atlanta’s growing workforce.
This is Dunross’ 5th and 6th property acquisition in Decatur and expands its portfolio to a total of 11 properties and over 1800 units bought in the last year. Built in 1970 –1980, the company intends to renovate interiors and upgrade amenities in over $ 7 million of construction, and has renamed the properties Hidden Valley and Park Valley.
“We see that the demand for high quality housing at an affordable price is only continuing to grow in the Atlanta submarkets,” says Michael Crow, CEO of Dunross.” I believe our capability to self-manage along with having our own construction company, gives us the ability to do our plot and provide a best of class community,” he continued.
These communities are well positioned on the vital I-20 commuter corridor and convenient to employers from Atlanta downtown to industrial areas further East. The affordable cost of housing, along with brilliant, shopping, dining, and entertainment amenities set Decatur apart as a desirable area for Atlanta’s growing workforce. Dunross plans to develop the area around the blocks near Hidden Valley and Park Valley and continue to upgrade and improve the area for the benefit of all residents and neighbors.
Dunross Capital is a real estate acquisition company based in Ronkonkoma, New York and with the Operations Team located in Atlanta Georgia. The Company buys and operates multi-family properties in high growth markets in South- Eastern USA.

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