Business Specialties
New Owner Plans $5M Renovation of Lake Vista Apartments
The 480-unit community in Miramar will feature two additional pools and upgraded interior finishes, all part of the multi-million dollar renovation project.
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…
HFF Secures Financing for Montclair Terrace Apartments
There is the opportunity to position the asset as an affordable property.
Orlando Apartments Sell for $92M
Preferred Apartment Communities bought the community from Altamonte Springs-based Cambridge Management Services.
ROSS Nabs 254-Unit Community in Maryland
The multifamily firm plans to implement building improvements and a digital marketing strategy at its newly acquired Horizon Square in Laurel, Md.
Fifield Celebrates Grand Opening of Chicago Luxury Community
Luxe on Madison was built in 2009 as a condominium building, and subsequently converted to apartments.
Boston Developer Lands $30M Loan
The community will be Taurus’ first development in the Kansas City market.
Fairfax Village Development Site Changes Hands in HFF-Arranged Deal
A new multifamily building is set to take shape in L.A.’s Fairfax Village as a result.
MassHousing Awards Grant to Develop Sober Affordable Housing
The new units will serve homeless veterans in metro Boston.
Has CRE Reached an Inflection Point?
Yardi Matrix’s Associate Director of Research Paul Fiorilla explores comparisons between today’s market and that in 2007.