Cities
Origin Buys Upscale Community in Atlanta
The apartment community is located in Atlanta’s busy Poncey-Highland neighborhood and features 20,000 square feet of ground-floor retail. The company plans to add more units and an office, on the adjacent land parcel.
MG Properties Buys 321-unit Senior Community
The senior housing community is located in close proximity to major employers such as Microsoft, AT&T, Nintendo and Expedia. CBRE worked on behalf of the seller.
Santa Ana Asset Trades for $20M
Marcus & Millichap announced the sale of Sherry Lane Garden Homes. The 62-unit apartment traded for $19.8 million.
Marcus & Millichap Duo Sells 2 in Las Vegas
Las Palmas and The Rubix traded for $39.3 million. New plans include capital improvements and focus on military housing.
Sacramento’s Affordable Housing Crisis
Is the city aggressive enough in solving affordable housing problems? Mayor Darrell Steinberg doesn’t think so.
Security Properties Acquires $43M Sacramento Community
The 16-building community feature one- and two-bedroom units averaging 817 square feet. Cushman & Wakefield worked on behalf of the seller and the buyer in the transaction.
Top 10 Portland Apartment Owners
Demand is on the rise in the city again, after three years of increased development. Rent growth continues to slow down and is now on par with the national average.
SG Blocks to Develop Largest Projects in Company History
The developer of container-based structures plans to build two low-income housing projects totaling 390,000 square feet in New York State. Both multistory buildings will be fully modular.
Praxis Buys Tampa Value-Add Apartments, Plans Upgrades
The 232-unit Villages at Turtle Creek was built in 1985 and includes 15 buildings. The company plans to invest $3 million on upgrades to the community.
Kansas City’s Growth Story
Appealing workplaces, such as WeWork, are opening in the metro’s core submarkets, attracting young professionals to live-work-play environments. Job growth has exceeded the national average and helps maintain a robust demand for apartments.