Cities
Former Durham Hotel to Become 342-Unit Community
Alliance Residential purchased Crown Park Hotel, the company’s first asset in the Triangle. Karl Hudson with Foundry Commercial represented the buyer in this $10.5 million transaction.
Demand Breaks Records in Salt Lake City
Solid employment gains are producing a high demand for apartments across the metro, which continues to attract investors and developers alike.
Waypoint Acquires Asset Near Chicago
KIG CRE arranged the sale of Two Itasca Place, a 70-unit property located in Itasca, Ill. The asset is one of Waypoint’s first acquisitions in the Midwest.
Bay Harbor Island Development Site Commands $21M
Colliers Senior Vice President Larry Stockton led the team that represented both the seller and the buyer in the transaction.
Top 10 San Antonio Apartment Owners
The city’s favorable demographics and healthy job creation attracts developers and investors alike. The market’s prosperous performance spurred new investments across the metro, including more than $780 million in deal volume during the first half alone.
Harbor Group Nabs Orlando Asset for $97M
Berkadia arranged $66 million in financing for the firm’s acquisition of Elan Audubon Park, a 449-unit community spread across 12 buildings.
JV to Develop 2nd Tallest Nashville Tower
The Congress Group and AECOM Capital Real Estate have joined forces to transform 151 1st Ave. S., a mixed-use development in the SoBro area of the city.
Electra America Expands in Tampa
The company acquired Avery Place, a 264-unit community that will be rebranded as The Avana and will receive capital improvements worth $2.5 million.
Maryland Senior Housing Community Hits the Market
The Fairgreen Senior Community is located in Perryville, Md. and comprises 92 one- and two-bedroom apartments. The age-restricted community was built in 2005.
Dominium Completes Renovations on MN Affordable Asset
The company invested $9 million on interior, exterior and common-area upgrades to the 176-unit Park Haven.