Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.
Interra Realty Closes New Chicago Deal
The multifamily property is located in the Edgewater neighborhood and sold for $2.1 million, after having recently been renovated by the seller.
TruAmerica Multifamily Makes New Appointments
The company promoted Matthew Ferrari to head of acquisitions nationwide and hired Chris MacLeod as director of acquisitions on the West Coast, among other recent employee additions.
On the Market: 5 Interesting Listings for the Week of 8/17
This week’s list of properties includes a high-end community in Oakland, Calif.; a vintage asset in the Detroit metro area; and an under-construction mid-rise in Jamaica, N.Y.
CA Ventures Opens Chicago South Loop Community
The 320-unit Eleven40 bears the signature of designer SCB, with interiors by BKV Group. The community is currently 85 percent occupied.
Monument Capital Acquires 2nd Chicago-Area Property
The 222-unit community is located in Mount Prospect, Ill., across the street from the company’s other asset, purchased in the summer of 2017.
Trion Properties Grows Portland Portfolio
The company acquired Springbrook Gardens, an 84-unit community located in the Aloha submarket, for $11 million.
Interra Closes 3 Chicago Sales
The properties are located in the suburb of Evanston and two North Side city neighborhoods, Avondale and Rogers Park. The combined transaction price was $10.1 million.
Top 10 Largest Multifamily Completions in Indianapolis
Despite two strong years for inventory growth, demand for new units has continued to grow across the metro, putting pressure on builders. Overall, rental projects have stayed moderate in size—up to 250 units.
Opus Group Delivers Denver Luxury Community
The Centennial property includes 306 units and wraps around a central parking garage, which allows residents to park on the same floor as their apartment.
MN 55+ Community Sells Above the Listing Price
Lynn Court Apartments in Savage received offers from investors from seven different states, which is believed to be representative for the state of the area’s multifamily market.