Cities
Sterling Real Estate Expands Value-Add Portfolio with Phoenix Asset
Cambridge Court Apartments is a 286-unit community that traded for $24 million. The company plans to invest in improvements.
CRG Breaks Ground on Chicago Luxury Building
The 12-story tower is slated for delivery in July 2019 and will offer a 2,000-square-foot rooftop deck, dog salon and coffee bar.
Interra Realty Sells 2 Chicago Assets
The buildings, which changed hands for a combined $16.5 million, are located along Broadway Avenue in the Edgewater neighborhood.
JV Completes Phase II of NJ Luxury Tower
SJP Properties, Northwestern Mutual Life Insurance Co. and PGIM Real Estate have finished work on The Modern in Fort Lee, which comprises 900 units and a bowling alley, an arcade room and an infinity pool.
Las Vegas-Area Community Lands $57M Financing
Built in 2018, Castile Apartments features 498 units across 28 buildings. Thompson Michie Communities bought the asset in April for $99.6 million.
Denver-Area Vintage Assets Sell for Record Price
Transwestern’s Senior Vice President Tom Wanberg and Vice President John Blackshire represented the seller in the $9.5 million deal involving two Brighton, Colo.-communities.
CBRE Brokers $42M AZ Sale
Sonoma Ridge encompasses 240 units. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch from CBRE’s Phoenix office represented the seller in the transaction.
Ryan Cos., Grand Living Plan 2 Luxury Senior Communities in Texas
The communities include the Grand Living at Riverstone in Sugar Land and Grand Living at Georgetown. Both will have 180 units and feature an age-in-place model.
Mill Creek Residential Breaks Ground in Dallas
Modera Dallas Midtown will include 344 units and include a ride-share lounge, a coffee bar and a spin studio.
Cushman & Wakefield Brokers Sale of 680-Unit MO Community
Mike Hanrahan and Bobby Mills of the St. Louis office and Mike Kemether of the company’s Atlanta office represented the seller, Priderock Capital Partners, in the transaction.