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.
On the Market: 4 Interesting Listings for the Week of 3/26
This week’s listings include a 100 percent-occupied luxury community in downtown Baltimore, student housing near Philadelphia’s universities and a recently renovated value-add opportunity in Columbus, Ohio.
Rittenhouse Realty Sells 120 Units in DE
Constructed in 1975, the Wilmington community includes 118 units, a swimming pool and 240 parking spaces.
Kidder Mathews Hires New SVP in Phoenix
Karl Abert has more than 25 years of real estate experience. In his new role, he will be in charge of coordinating investment brokerage, banking and structured loans.
Gebroe-Hammer Arranges $26M Sale in Bethlehem, PA
The townhome community comprises two-, three- and four-bedroom units and is located near the city’s historic center, as well as several large employers.
On the Market: 5 Interesting Listings for the Week of 3/19
This week’s listings include a qualified contract-eligible LIHTC community in Louisiana, a new luxury community in Boston and a beachside property in San Diego.
JV Buys 400 Units in VA
The partnership acquired 77 buildings of the total 95 at the Newport News community. The acquisition is the fourth for Brick Lane in this area, and the first for Red Starr in the last five months.
Prana Investments Buys 3 in LA for $18M
The portfolio acquisition is a value-add transaction, with the firm planning to invest in renovations at the communities.
AZ Asset Trades for $20M
Completed in 1990, the 312-unit Rio Santa Fe Apartments is the second-largest community in Yuma and is located within easy reach of several retail and dining options.
Atlantic | Pacific Expands in Atlanta With $36M Buy
The company used its Blue Atlantic Partners II investment fund to acquire the 240-unit asset, and it plans to renovate the property.
ABI Brokers $8M Sale of Lender REO Asset in Phoenix
The buyer plans to invest $1 million in interior and exterior upgrades to improve the property, which is situated across the street from the 19th Avenue/Glendale light rail station.