Business Specialties
AvalonBay Starts Development of Mixed-Use Project in New York
Avalon Harrison, located next to a commuter railroad station in Harrison, N.Y., will have 143 luxury rental units and 27,300 square feet of retail along with new parking and public plazas.
Phoenix-Area Community Trades for $34M
Virtú Investments sold La Costa at Dobson Ranch, a 194-unit community in Mesa, Ariz. The new owner financed the acquisition through a $22.2 million Freddie Mac loan.
Luxury High-Rise Opens in Chicago
The 500-unit community in South Loop received a Certificate of Occupancy for the first 25 floors. The interior finishing work for the remaining apartments is slated for completion in August.
TLC Management Acquires Chicago-Area Apartments
HFF marketed Prairie Winds, a townhome-style community in St. Charles, Ill., on behalf of the seller. The property was completed last year.
StoneBridge Investments Expands Atlanta Footprint
The company acquired a 196-unit property in the Atlanta suburb of Sandy Springs, Ga., from an affiliate of The Milestone Group.
Washington Property Co. Delivers Maryland Project
The 20-story, 338-unit luxury community in Silver Spring is about half leased. The transit-oriented development marks another milestone for the city’s evolving Ripley District.
Taurus Buys Tampa Community for $43M
The private equity firm scooped up the 280-unit asset for its new value-added multifamily fund. Providence Management Co. sold the property located in the Carrollwood neighborhood.
Standard Communities to Renovate 128 Affordable Units in the Bay Area
The company acquired Parkside Villa Apartments and Rockwell Manor Apartments in Fairfield, Calif., and intends to invest $7 million in upgrades at both properties.
Aria Delivers Mixed-Income Units to DC
The Clifton, which has 156 market-rate and affordable units ranging in size from studios to four bedrooms, is located in Washington, D.C.’s 14th Street Corridor.
Trammell Crow Starts Work on Texas Apartments
The developer’s residential arm, together with Principal Real Estate Investors, has broken ground on the final phase of Crestview Commons in the North Central submarket of Austin.