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JB Matteson Acquires California Apartment Community For $26.45M
JB Matteson has acquired a Class A apartment community in Upland, Calif. for $26.45 million from Invesco Real Estate.
Two Affordable Housing Projects Developed in L.A.
Thomas Safran and Associates has developed Del Rey Square Senior Apartments, a 124-unit community in the upscale neighborhood on the Westside of Los Angeles, while AMCAL Multi-Housing has developed Portola Terrace, a 45-unit affordable community for families and young professionals in historic Temecula in Riverside County.
B.H. Properties Acquires Terrace Park Apartments in Phoenix
Los Angeles-based commercial real estate investment firm B.H. Properties LLC has purchased Terrace Park Apartments in Phoenix.
500 Lake Shore Drive Marks Related Midwest’s Chicago Rental Debut
Some of the headiest views in Chicago are now available to renters, with the debut this week of 500 Lake Shore Drive.
Community HousingWorks Opens Home for Disabled Veterans and Families in Escondido
Community HousingWorks has set aside eight units for homeless veterans in its newest development, Avocado Court, a 36-unit apartment community in Escondido, Calif., that is available for families, seniors and other individuals.
Housing Partnership Equity Trust Launches with $100M in Funding for Affordable Communities
The Housing Partnership Equity Trust announced that it has raised $100 million. It will begin investing in multifamily communities in partnership with 12 high-performing nonprofit housing providers.
Special Report: The Leading and Lagging Apartment Markets Around the Country
A look at the demographic and economic trends behind the leading and lagging apartment metros for 2013. Greg Willet of MPF Research and Ron Witten of Witten Advisors present their views.
Research Triangle Apartments Lease
Grace Park, a new mixed-use development in Morrisville, N.C., reports that nearly all of its 128 rental apartments—about 98 percent of them—have been leased, as well as about 90 percent of its retail space.
Corvias Group Begins Fort Bragg Housing Expansion
Corvias Military Living has broken ground on Phase II of Randolph Pointe, a military housing development.