Business Specialties
Hamilton Zanze Expands Denver Footprint
The 216-unit community, constructed in 1997, fetched a price tag of $50 million, nearly double the amount the seller paid five years before.
Audubon Completes GA Community Upgrades
The 232-unit property, constructed in 2004, sits 30 miles southeast of Atlanta and includes two outdoor kitchens and 350 parking spaces.
Owner-Occupied Senior Cooperative Rising in Colorado Springs
Real Estate Equities Development’s Village Cooperative of Briargate includes raised gardening beds, a reading room and underground heated parking.
Transit-Oriented Condos Coming to Seattle
The 204-unit Koda Condominiums will be in the International District, near several train and metro stations. The project is scheduled to break ground this fall and be complete by July 2020.
Related Cos. Buys $590M AIMCO Affordable Housing Portfolio
The firm purchased and plans to rehabilitate nearly 8,000 units across 51 properties in 16 states.
Berkadia Completes $31M Vegas Sale
Sundance Bay acquired Desert Ridge Apartments, which includes 304 units and a dog park, a racquetball court and a playground.
JV Scores ’80s-Vintage Phoenix Apartments for $27M
L5 Investments, MLA Properties and BH Equities picked up the 360-unit Cielo Apartments and plan to invest $4.2 million in capital improvements.
Luxury SoCal Development Lands Management
The Trails at Canyon Crest, a 216-unit community, broke ground in October 2017. Construction is anticipated to finish early next year.
Marcus & Millichap Brokers Sale of FL Property
Fifth Avenue Courtyard is a 21-unit value-add community located in St. Petersburg. The buyer plans to upgrade the unit interiors.
Boston’s Pricing Power
Bruce Lusa, vice president of multifamily investment sales with Colliers International, discusses area trends and offers tips to investors targeting the city’s booming market.