Cities
OC Senior Living Facility to Undergo $30M Renovation
R.D. Olson Construction has begun work on the Atria Senior Living property in Newport Beach, Calif. Plans call for a new South wing and a fully renovated North building.
What Stands Out in Chicago’s Luxury Multifamily Market?
As the city’s high-end housing stock becomes increasingly diversified, developers are more committed to serving residents’ needs. Optima President Tara Hovey shares the story behind one of the company’s successful projects.
Magnolia Sells Raleigh Community After Short Hold
HFF marketed Stonehenge Apartments on behalf of the seller, which purchased the property last year for $56.7 million.
JPI Sells 371-Unit Luxury Community in Texas
Completed in 2017, Jefferson Riverside is the company’s latest development in Las Colinas. IPA brokered the sale of the property.
Greystone Secures $32M Refi for IN Community
The 304-unit pet-friendly residence is situated close to Metropolis Mall and to other various shopping, dining and entertainment venues.
845-Unit Phoenix Portfolio Changes Hands
Greystar has purchased a trio of properties encompassing 845 units in Chandler and Gilbert, two of the metro’s fastest-growing submarkets.
80 Percent Affordable Community Replaces DC Hospital
Flaherty & Collins Properties and Anacostia Economic Development Corp. are developing Residences at St. Elizabeths East, which contains 202 affordable apartments.
Atlanta Apartments Command $31M
Berkadia represented Aspen Square Management in the sale of West Eleven Apartments, a 224-unit property located in the city’s Sandtown neighborhood.
Rental Demand Eclipses Supply in San Diego
Demand for apartments is rising in the city, where employment and population gains—along with a high barrier to homeownership—sustain rent growth.
JV Acquires 2 Houston Communities
Greybrook Realty Partners and Marlin Spring Investments paid $68 million for the garden-style properties in the city’s Romano Woods neighborhood.