Davlyn Acquires Luxury CA Community for $24M
Colony is an 88-unit, Class A apartment property in Simi Valley, Calif. The company plans to rebrand and renovate the building, as well as enhance staffing and marketing.
Student Housing Coming to University of Montana
Campus Advantage will manage Farran Realty Partners’ new 498-bed development in Missoula, Mt., the first purpose-built student housing community to serve the university.
Supply Concerns Bypass Securitized Multifamily: KBRA
The bulk of underlying collateral for Freddie Mac and CMBS multifamily loans is Class B and Class C properties, the bond rating agency reports. KBRA forecasts a positive performance for these assets.
Strategic Management in Downtown Detroit
After more than 20 years, Broder & Sachse ended most of its third-party property management contracts to concentrate mostly on property development. CEO Rich Broder discusses company’s strategy and the state of multifamily in the Detroit area.
$1.2B Mixed-Use City Center Planned for West Omaha
The mixed-use project, which will include 2,000 apartments, is expected to have an annual economic impact of more than $1 billion upon completion.
School of Visual Arts Gets New Residence Hall
Developed by Magnum Real Estate Group, the Manhattan building features brand-new, state-of-the-art student housing, retail and office facilities, plus an array of amenities.
Luxury Apartments Coming to Chicago’s Lincoln Park
ELEVATE Lincoln Park will feature 191 apartments on top of 16,300 square feet of prime retail space.
Greystar Opens 326-Unit Houston Community
The urban development includes seven floors of well-appointed apartment homes in historic Woodland Heights.
Suburban Boston Community Changes Hands and Name
CBRE facilitated Mill Creek Residential’s acquisition of a 171-unit, garden-style apartment community in Quincy, Mass.
Silicon Forest Apartments Change Hands for $7M
Trion Properties is the new owner of Hidden Villa Apartments, a 61-unit community in the Portland submarket of Beaverton, Ore.