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.
The Calida Group Pays $100M for Las Vegas Community
The seller, Shopoff Realty, acquired the asset for $72.6 million in 2016 as a value-add investment.
Las Vegas Multifamily Report – Winter 2019
Multifamily investment sales in 2018 crossed the $2 billion mark for the third year in a row, while the average rent hit a new peak for the current cycle.
Gellar Associates Acquires Baltimore Asset
The buyer, Geller Associates, opted to finance the acquisition under Fannie Mae’s Green Rewards program and will implement energy and water saving measures.
Phoenix Community Trades for $32M
The property, built in 1985, is located in Phoenix’s Metrocenter submarket and was 92 percent occupied as of December, according to Yardi Matrix.
29th Street Capital Buys 2 Properties in Las Vegas
The company acquired properties in two of the most sought-after Las Vegas submarkets and plans to spend $1.8 million in capital improvements on one of the assets.
Multifamily Manhattan Report – Winter 2019
Despite strong demand, apartment construction across the borough has slowed, while the average rent is approaching the $4,200 mark.
Oak Residential Acquires 2nd Asset in Las Vegas
The apartment community received upgrades to its amenity package previous to the acquisition. The asset was 98 percent occupied as of December 2018.
Finding Value in Philadelphia’s Multifamily Market
Dalzell Capital Partners’ founder & managing partner shares his knowledge about Philadelphia’s multifamily business climate and what to expect in a late-cycle economy.
On the Market: 4 Interesting Listings for the Week of 1/21
This week’s listings include a value-add opportunity in a highly populated area of Connecticut, an affordable asset in central Las Vegas, and more.
TruAmerica Expands Las Vegas Portfolio With $62M Buy
The previous owner of Tesoro Ranch applied extensive renovations to the amenity package and made interior redesigns. The property previously traded for $49.8 million, in 2015.