Greg Isaacson is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. He has been writing about the real estate industry in the U.S. and Asia Pacific since 2014. Connect with him on Twitter: @gregisaacson
Powered by Geothermal, Community Changes Hands for $72M
C&A Cos. and Commonwealth Group sold the 288-unit Elements at Prairie Center, located in Brighton, Colo., which taps into heat from the earth.
Downtown San Jose Project Scores $67M Financing
Acquity Realty Inc. has received the joint venture equity and construction financing for The Firestone, a 130-unit apartment community with retail space in the downtown SoFA District.
Continental Realty Closes $211M Fund
The company’s fifth vehicle, which targets value-add multifamily and retail investments throughout the Mid-Atlantic and Southeast, has acquired a rental property in Raleigh, N.C.
Greystar Confirms Sale of South Florida Community
The 214-unit asset is now under the ownership of SouthStar Properties. Greystar made improvements to common areas and units.
South Florida Community Trades for $59M
Bell Partners acquired Overlook Pointe, a 249-unit, Class A apartment asset located less than 5 miles from downtown Boca Raton.
Freddie Mac Foresees 4 Percent Rent Growth in 2019
The GSE’s midyear outlook finds that the industry is still struggling to build enough multifamily units for a housing-hungry nation, despite elevated construction starts.
Westmount Buys Vintage Dallas Community
The investor plans a robust upgrade of the 55-year-old asset, which is located west of downtown Dallas in the city’s Kessler Park neighborhood.
Terra Group Scores $91M Refi for South Florida Community
The recently completed, 387-unit luxury property forms part of Pines City Center, a master-planned village in Pembroke Pines.
Wilson Electronics Launches New Cellular Amplifiers
The enterprise products boost cell signals for commercial buildings, including multifamily properties, using a multi-port configuration to improve indoor coverage for residents.
Seattle-Area Community Commands $56M
RISE Properties Trust and Aegon Real Assets US partnered to acquire the 236-unit property in Federal Way, south of Seattle, with plans to restore and reposition the aging property.