Cities
Pensam Residential Acquires Denver Landmark Community for $350M
The price sets a new record for Colorado and is the second highest paid for a single multifamily asset in the U.S. this year.
Pinnacle Adds 2 Communities to Portland-Area Portfolio
The company will manage Monte Vista at Murray Hill and Cedar Crest, two Beaverton properties totaling 542 units.
Berkadia Arranges $36M Loan for Sin City Communities
Pine Hills Lodge and Sonoma Shadows will be run as one asset, rebranded as Solaire Apartments.
Atlanta Community Sells for $72M
The 400-unit Two Blocks is adjacent to Atlanta’s largest office market, Perimeter Center.
City North at Sunrise Ranch Changes Hands
Alliance Residential Co. will handle property management responsibilities.
Downtown Portland Community Sells for $23M
Grand Peaks Properties of Colorado acquired the property for $282,530 per unit.
David Schwarz, ARA Newmark on Prime Opportunity for Developers
The company’s executive managing director is looking into the challenging multifamily market in Houston.
BRIDGE Housing Welcomes New EVP in San Francisco
In her new role, Diane Olmstead will oversee capital aggregation activities.
Mixed-Use Development Slated for Former Juvenile Detention Center Site
The NYCEDC and the Department of Housing Preservation and Development are planning to transform the Bronx property into a campus featuring affordable housing and commercial space.
CBRE Arranges Sale of Assisted Living Portfolio
An affiliate of HCP Inc. bought seven properties in the Baltimore and Washington, D.C., metros for $186.3 million.