Cities
Stepp Facilitates Record-Breaking LA Sale
The sale of Atwater Avenue Apartments achieved the highest price per unit and price per square foot ever paid for comparable properties in LA submarket Atwater Village.
CBRE Facilitates Sale of North Houston Community
Casa Verde Apartments, a 44-year-old, garden-style community, located in north Houston, has been undergoing renovations for the past two years.
Miami Community Commands $37M
Evan Kristol and Felipe Echarte of Marcus and Millichap’s investment team worked on behalf of the private seller to procure the buyer, Blue Rock Partners, for the transaction.
ABI Multifamily Brokers $2M Sale in Phoenix
Pierson Palms Apartments traded hands between private investors from California and Arizona. ABI Multifamily represented both parties in the $2.22 million transaction.
Hines Completes Entitlement Phase of AZ Project
Hines completed the entitlement phase of Asteria Highlands in North Scottsdale, the company’s first Arizona single-family residential project. Construction will start in 2018.
JV Acquires San Diego’s Broadstone Corsair
Olympus Property and Artemis Real Estate Partners are rebranding the 360-unit community Olympus Corsair. It is the city’s only LEED Gold-certified market-rate community.
Radnor Starts Work on Philadelphia Apartments
The Hamilton, located on the Community College of Philadelphia’s campus, includes two buildings and 500 apartments. The building follows the recent housing trend for students, which features smaller units and maximized amenity spaces.
JV Sells Downtown Santa Monica Mixed-Use Asset
The Marcus & Millichap division represented Century West Partners and BlackRock Realty Advisors Inc., and also procured the buyer. Chelsea Santa Monica includes 53 units and almost 6,000 square feet of retail space.
Hollywood Apartment Community Trades for $11M
NNC Apartment Ventures expanded its California portfolio with value-add 42-unit residential property. The asset is located near popular destinations.
Capital One Refinances Illinois Nursing Facility
The $21.5 million fixed-rate HUD loan will be used to refinance Avantara Long Grove, a senior nursing facility in Long Grove, Ill.