Cities
Baron Properties, Buchanan Street Sell $44M Phoenix Community
Vue Park West, which the joint venture acquired in 2014 for $30 million, is situated within the 250,000-square-foot Park West mixed-use development.
Rincon Partners Buys $22M Community in Phoenix
Previous ownership implemented a thorough renovation program in 2015. The asset traded at almost four times the original purchase price.
On the Market: 5 Interesting Listings for the Week of 4/30
This week’s listings include a newly renovated age-restricted community in Vegas and a turnkey asset in central Richmond, Va.
$56M Brooklyn Affordable Housing Opens
Built on a former parking lot, CAMBA Housing Ventures’ 101-unit community was designed to achieve LEED Gold certification.
Adaptive Reuse Sparks Opportunity in Detroit
Developers and investors showed attendees at the 2018 ULI Spring Meeting how they are converting vacant or obsolete properties into new uses to spur further investment in the city.
Melo Group Completes Miami Waterfront Tower
The Arquitectonica-designed luxury property dubbed Aria on the Bay boasts 648 units and is the newest addition to the city’s Arts & Entertainment District.
SCB Designs 1,600-Bed Living/Learning Community
The mixed-use student housing property serves those attending Arizona State University and offers seven social and study lounges, six academic centers and two maker labs allowing students to work on projects.
Kalterra Capital Lands $26M Construction Loan
The firm will use the financing to build a 213-unit market-rate community in the Dallas suburb of Waxahachie, Texas.
HALL Group First to Register for WELL Multifamily Certification
The 28-story, luxury HALL Arts Residences in Dallas will include several advanced design technologies such as multilevel filtration of air pollutants and think demising walls to reduce noise transfer.
StreetLights Residential Breaks Ground in Northwest Austin
The Elizabeth at Presidio, a 373-unit luxury community, marks the firm’s second asset in the area and is situated within walking distance of the Lakeline Metrorail commuter station.