Business Specialties
Marcus & Millichap Arranges Sale of 158 units of Park Village
The community, located in Largo, Fla., consists of 160 units, 158 of which traded for $20 million, or $130,000 per unit. The firm represented both the buyer and seller.
BLVD Capital Acquires $26M Affordable Housing Portfolio
The two affordable housing properties in Chicago contain more than 300 units and are located near major highways and public transportation options.
Partnership Opens $10M Affordable Community in NY
Built on the site of a former fabric store in Rockland County, N.Y., Nyack Point Apartments features 33 units. The building is LEED certified to the Gold level.
San Diego Affordable Community Breaks Ground
Affirmed Housing Group is developing Bluewater, an 80-unit affordable housing community that marks the firm’s third project in San Diego’s Grantville neighborhood.
IDI Completes Luxury VA Property
The company completed the first of two buildings in its Rivergate community, located in Woodbridge. Kettler is handling the management.
Top CEOs Weigh In on 2018 Prospects
At NMHC’s annual outlook conference, three leading executives paint a complex picture highlighted by substantial runway, moderating growth and a red flag or two.
Sunrise Luxury Living Unveils AZ Community
The Core Scottsdale includes 282 units and poolside cabins, and a clubhouse with gym, yoga-spin room, theater room, game room and poker room.
Chicago Buyers Expand into Las Vegas Market
Oak Residential Partners and POB Capital have acquired 252-unit Avenue Apartments in Henderson, Nev. The deal marks both buyers’ entry into the market.
Warm Springs Management Acquires Denver-Area Community
The 58-unit garden community traded for $10.8 million. The new owner financed the acquisition using a Freddie Mac conventional loan.
Terra Group Lands $57M for Pines City Center
The company’s 47-acre mixed-use development in Pembroke Pines, Fla., will include an apartment component comprising 387 market-rate units.