Cities
Heavy Demand Powers Development Surge in Indianapolis
The apartment boom continues in the city, spurred by demographic factors and a strong economic engine.
PAC Sells $43M Suburban Raleigh Asset
Built in 1997, the 328-unit Lake Cameron was the oldest property in the company’s portfolio, having most recently traded in 2006 for just above half the current price.
Victor Group, Lendlease Top Out on NYC Skyscraper
The 55-story, ultra-luxury 277 Fifth Avenue condominium tower, designed by Rafael Viñoly, will feature 130 one- to four-bedroom apartments.
Luxury Mixed-Use Project Kicks Off in Texas
The 298-unit property will be situated one block away from the University of Texas at Arlington and will also offer 9,000 square feet of retail space.
JV Buys 400 Units in VA
The partnership acquired 77 buildings of the total 95 at the Newport News community. The acquisition is the fourth for Brick Lane in this area, and the first for Red Starr in the last five months.
SOJO to Develop Brownstones in North San Antonio
The SOJO Commons townhomes will be energy-efficient and solar ready, with prices starting from the $500,000s to the $800,000s.
CIM Group Breaks Ground on CA Project
Plans for the eight-story building call for more than 300 apartments above street retail in Oakland’s Jack London Square district.
Interra Realty Closes Sale of Vintage Chicago Community
The 12-unit Avondale multifamily property sold for $2.8 million. The price per unit set a new record for vintage apartment buildings in the neighborhood.
HFF Arranges Recap of OR Community
HFF Senior Managing Director Ira Virden and Director Carrie Kahn were part of the investment advisory team overseeing the recapitalization of the 208,247 square feet property.
Prana Investments Buys 3 in LA for $18M
The portfolio acquisition is a value-add transaction, with the firm planning to invest in renovations at the communities.