Business Specialties
Pinnacle Adds 2 Communities to Portland-Area Portfolio
The company will manage Monte Vista at Murray Hill and Cedar Crest, two Beaverton properties totaling 542 units.
Berkadia Arranges $36M Loan for Sin City Communities
Pine Hills Lodge and Sonoma Shadows will be run as one asset, rebranded as Solaire Apartments.
City North at Sunrise Ranch Changes Hands
Alliance Residential Co. will handle property management responsibilities.
Downtown Portland Community Sells for $23M
Grand Peaks Properties of Colorado acquired the property for $282,530 per unit.
David Schwarz, ARA Newmark on Prime Opportunity for Developers
The company’s executive managing director is looking into the challenging multifamily market in Houston.
Berkadia Arranges $115M Sale of Orange County Community
The buyer plans to update the 292-unit Amerige Pointe, which is located within a historic master-planned community.
Transwestern Brokers Sale of Dallas-Fort Worth Communities
The two properties are the Residence at Midtown Apartments, a 296-unit community located in Dallas, and Vistas at Lake Worth, a 265-unit community in Fort Worth.
29SC Lands First Property in Louisville
The firm plans to invest $800,000 in the renovation of the 80-unit property.
Two NC Firms Develop 216-unit Community
Blue Ridge Cos. and Richardson Properties are teaming up to build Country Park at Tall Oaks, a new community in northern Greensboro.
Historic Nashville Neighborhood Provides Artist Destination
A new artists’ spot has emerged in the form of Broadstone Germantown, an apartment community aimed at providing a work space for music lovers.