Cities
SALT Luxury Residences Open in Tempe
SALT, Tempe’s first luxury residential community opened in February 2017. The class A apartment building was developed by OlliverMcMillan in partnership with Ascentris.
REIT Nabs $57M NC Community
Bluerock Residential Growth REIT acquired Wesley Village, a 301-unit property in Charlotte that the company plans to upgrade. The transaction was made possible through the assumption of a $41 million Freddie Mac loan.
Robbins Electra Closes Third Atlanta Purchase
The company purchased Oakley Park, a 240-unit residential community for $28.4 million, considerably more than when it last changed hands in 2014.
Tougher Times for Apartment Development?
According to Chicago multifamily experts speaking at the Marcus & Millichap/IPA Multifamily Forum Chicago, it’s currently difficult to get new developments off the ground. But, there could be hope.
Walker & Dunlop Lines Up $100M in Financing for Texas Deal
The six bridge loans were secured through a regional bank and will ensure financing for the acquisition and renovation of a 1,795-unit portfolio.
From Dentistry School to Luxury Condos
Trumark Urban developed the 76-unit community, which includes 60 flats, six triplex townhomes and 10 townhouses. The architectural firm Handel Architects maintained the original façade while designing three-dimensional window bays and floor-to-ceiling glass windows for expansive views, enhancing the building’s geometric presence.
Resource Residential Revamps 400-Unit OC Community
The Bryant at Yorba Linda Apartment Homes is undergoing a multimillion-dollar renovation.
Top 10 Apartment Owners in Los Angeles
Ballooning home prices have made homeownership more difficult, and in turn put downward pressure on apartment vacancy rates. The pronounced need for housing has resulted in a construction boom, and there are no signs of a slowdown.
Dominium Expands Orlando Presence
The Minneapolis-based developer has acquired the 120-unit Chelsea Park Apartments, with plans to renovate the community and upgrade its amenities.
LMC Tops Off Dallas Mixed-Use Community
The 23-story mixed-use development will feature 285 apartments, 20,000 square feet of ground-floor retail and a luxury movie theater. Preleasing will begin in May, with first move-ins set for August.