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.
Phoenix Luxury Condo Tower Approaches Full Occupancy
Optima Kierland will welcome its first residents in 2018. The upscale community is situated at the intersection of Scottsdale Road and Kierland Boulevard. Home prices start from $300,000.
Denver-Area Community Nets $11M Loan
Constructed in 1968 and renovated in 2016, the property is centrally located in Boulder, near the University of Colorado campus and other large employers.
Denver Luxury Asset Trades for $142M
Completed in 2015, the 12-story community is situated across the street from Cherry Creek Shopping Mall. BMC Investments sold the asset for roughly $650,000 per unit.
Philly Multifamily Portfolio Trades for $14M
The properties situated in Philadelphia’s University City changed hands for a total of $14 million. The locations offer residents access to the city’s attractions and employment centers.
McDowell Acquires DC-Area Apartment Community
CBRE brokered the sale of Carmel Alexandria, a Class A apartment community in Alexandria, Va. The property is situated near interstates 395 and 495, with downtown Washington, D.C. only 10 minutes away.
Origin Buys Upscale Community in Atlanta
The apartment community is located in Atlanta’s busy Poncey-Highland neighborhood and features 20,000 square feet of ground-floor retail. The company plans to add more units and an office, on the adjacent land parcel.
Hanover Unveils Atlanta Luxury Apartment Community
The Hanover Company is preparing to open the doors of its upscale apartment community, a 20-story building that will also feature 12,500 square feet of ground-floor retail space.
Apartment Community in Portland Area Trades for $11M
An apartment community in Longview, Wash., changed hands between private investors in a $10.6 million deal arranged by Marcus & Millichap.
ROSS Appoints New Associate VP of Operations
Tony Perichino will join the team overseeing third-party assignments and development initiatives in the metro D.C. and Baltimore markets.
FCP Buys 2 DC-Area Communities for $44M
The company acquired Holly Spring Meadows and The Woods at Addison in a joint venture with Urban Atlantic. The affordable communities total 449 units.