Cities
Avesta Nabs Orlando Portfolio for $32M
As part of the firm’s strategy, Avesta has commenced a $5 million renovation program to modernize the interior units and upgrade the exterior aesthetics of its latest acquisition.
Tiffany Rufrano Joins Greystone Development
Greystone has selected Rufrano as its new director of asset management. A former Paramount Group vice president, she brings more than a decade of experience in asset management, acquisitions, financing and investment banking.
6 Notable Green San Antonio Developments
The list, based on Yardi Matrix data, includes projects that are either LEED-certified or are in the process of earning the designation.
Denver Community Sells for $31M
ARA Newmark represented Nichols Partnership in the sale of Turntable Studios. Built in 1967, the building was renovated and converted to multifamily in 2015.
HFF Closes Recap of NC Community, Arranges New JV Equity
The Dickson family will co-own Solis Ninth Street with Blue Heron Asset Management LLC. Terwilliger Pappas Multifamily Partners sold its stake in the 229-unit property.
Kiser Group Brokers 370-Unit Multifamily Deal in Chicago
The $29-million real estate portfolio consists of 21 residential buildings located in various South Side neighborhoods. The properties offer studios, one-, two-, three- and four-bedroom units, as well as retail space.
Baltimore Community Sells for $31M
The 390-unit Marble Hall Gardens previously changed hands in 2007, when Tryko Partners acquired the Class C asset from Lightstone Group for $13.2 million.
Allen Morris Opens LEED-Certified Tampa Bay Community
Located in the heart of downtown St. Petersburg, the $73 million, 348-unit community’s 103 units are already leased. One of its highlighted amenities include a dedicated gallery space in collaboration with the Morean Arts Center.
Bellevue TOD Launches with Luxury Community
Security Properties opened the 309-unit Sparc Apartments in the Spring District of the Washington city, just minutes away from major companies such as Google, Microsoft, Expedia and T-Mobile.
Marcus & Millichap Leads San Diego County Community Sale
A family trust sold Villa Quixote, a 78-unit apartment community in Escondido, Calif., for $11.8 million. The community was built in 1969, presenting the buyer with an opportunity to renovate the property and raise rents.