Cities
Hines to Develop Houston High-Rise
The developer is teaming up with two investment partners to build The Preston, a 46-story luxury community. Once completed in late 2022, it will be the tallest residential tower in downtown Houston.
Kairoi Residential Completes 277-Unit Community in Denver
Located in the River North neighborhood, Edison at Rino was the first structure in the city to be built with prefabrication techniques developed by Prescient.
NorCal Apartments Change Hands
Burbank Housing Development purchased the 56-unit Class C community for $15 million. Two lenders facilitated the transaction with acquisition and development financing.
Hamilton Point Investments Sells OH Asset
The Enclave at Albany Park in Westerville commanded nearly $15 million. The new owner assumed the outstanding balance of a Fannie Mae loan attached to the property.
Fully Affordable Community Changes Hands in Brooklyn
The 107-unit asset is located at 1701 W. 3rd Street, in the borough’s Gravesend submarket. Morris Weintraub Associates sold the property to Parkoff Organization for $28 million.
Howard University Expands Partnership with Corvias
The public-private partnership has already completed the $71M renovation of two residence halls housing more than 2,000 students and staff in Washington, D.C.
Equity Residential Acquires $111M Denver Asset
The 18-story community is situated in Denver’s Golden Triangle neighborhood, offering convenient access to various dining, shopping and entertainment venues.
Multifamily Seattle Report – Winter 2019
Although long-term demographic and economic trends are still pushing up demand in the metro, accelerating deliveries have managed to dampen rent growth.
Westside Capital Buys Jacksonville Property
The 176-unit multifamily asset changed hands for $13.2 million, which is more than 50 percent higher than the seller’s acquisition cost in 2014.
SoCal Luxury Community Breaks Ground
Modera San Diego, a 368-unit upscale multifamily property in the city’s East Village neighborhood, will welcome its first residents in spring 2021.