Tudor Scolca-Seușan is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.
JLL Income Property Trust Buys Phoenix Community for $72M
Wood Partners sold Summit at San Marcos in downtown Chandler, Ariz. The sale marks the first time the 273-unit luxury property traded since its completion earlier this year.
Washington, DC-Area Community Lands $93M Loan
The Fannie Mae financing package will be used for renovations at the community, including a primary goal to increase energy efficiency by at least 30 percent.
Bluerock Acquires 644 Units in Scottsdale’s Old Town
The property last traded three years ago, for $80.9 million, when it also became subject to a $60.7 million CMBS loan.
Thayer Manca Shells Out $40M for Tucson Asset
The new owner of Palm Canyon Apartment Homes will invest approximately $13,500 per unit for interior and exterior renovations, along with a sustainability package.
Roxborough Group, SB Real Estate Expand in West Phoenix
The rebranded community is situated near the upcoming $1.7 billion extension of Loop 202. The new owners plan to fully renovate the property.
Harbor East, Bozzuto Group Open Luxury High-Rise on Baltimore Waterfront
Dubbed Liberty Harbor East, the 22-story community is situated on the site of a former Bethlehem Steel shipyard.
Wood Partners Breaks Ground on Luxury Portland High-Rise
The upcoming community will incorporate the northern part of the Artists Repertory Theatre building and will also feature ground-floor retail and affordable units.
IPA Facilitates $38M Sale of Tucson Community
The 289-unit Domain 3201 features more than 600 feet of frontage along one of Tucson’s major thoroughfares. The property was 96 percent occupied as of June.
Goodman Real Estate Expands in Phoenix With 216-Unit Acquisition
The 24-building community located within an Opportunity Zone came online in 1984. Institutional Property Advisors represented the joint venture seller and procured the buyer.
San Diego Multifamily Report – Spring 2019
As a less costly alternative on the California coastline, the metro continues to draw in new residents with its growing biotechnology, defense, and professional and business services sectors.