Cities
Steadfast REIT Grows in Peachtree State
The non-traded multifamily REIT sponsored by the private investment company paid about $56 million for a freshly renovated garden-style community in Marietta, Ga.
CIM Starts Building Downtown L.A. Tower
The project will deliver 525 units in the city’s popular South Park district.
High-Rise Fetches High Price in Buckhead
Simpson Housing paid $137 million for the 370-unit property, part of an upscale mixed-use project developed by OliverMcMillan.
Opus Launches Big Metro Denver Project
A luxury community marks the start of a 42-acre, 1.8 million-square-foot development in Centennial, Colo., that will encompass residential, retail, office and hotel components.
Surpass, McFarlin Bring 5 for Seniors to Phoenix
Branded Mariposa Point, the projects include senior housing, assisted living and memory care.
South Florida Community Trades for $12.4M
The 114-unit property in Margate is under new ownership for the first time in 27 years.
Back-to-School Makeover Greets Jacksonville Students
The District on Kernan finishes renovations of apartments and community amenities for their residents this fall.
Top 10 NYC Multifamily Sales in June 2016
PropertyShark has compiled the data and we’ve got the priciest multifamily property deals recorded in New York City in June. Read on to find out how each borough performed: 1. Sales Price: $139,600,000 Known as The Hamilton, this Yorkville tower with 265 residential units transferred last month in an uncharacteristic move by high profile developer Glenwood Management. Crain’s New York reports that the new owner, Bonjour Capital, may invest an additional $20M in upgrading the lobby, gym, and other amenities, though union workers fear their wages may be cut in half by the new buyer. 2. 3418-3446 91…
Cronin Plans $260M High-Rise on Boston Waterfront
Two restaurants would make way for a 22-story, 124-unit condominium building.
UIP Buys D.C. Building with a History
Urban Investment Partners plans 250 market-rate units for a former college dorm and hotel that played a cameo role in the Watergate scandal.