Featured
MHN Interview: How Albanese Organization’s Communities Survived Hurricane Sandy
MHN talks to Michael Gubbins, senior vice president, Albanese Organization Inc., which owns and develops properties in Battery Park City as well as other areas of New York, about how their properties fared and why their properties might have had an advantage over some of the others in the area.
Grandbridge Closes on $6.2M Loan for Arkansas LEED Platinum Student Community
Grandbridge Real Estate Capital recently closed on a $6.2 million first mortgage loan for a student housing community near the University of Arkansas.
SoCal Apartments and Marina Trade for $43.9M
Archstone recently bought Bay Club Apartments and Marina for $43.9 million from Decron Properties Corp. Located in Marina Del Rey, Calif., the Bay Club includes 205 residential units, 207 boat slips and 11 end ties.
The Bridges at Kendall Place Unveiled in Miami
The Bridges at Kendall Place, a 228-unit, Class-A apartment community in Miami, recently had its official opening.
Ground Broken on New Workforce Housing in Brea, Calif.
Construction is underway on Birch Hills Apartment Homes, the newest workforce housing community to come to Brea, Calif.
Luxury Atlanta Community Draws Attention from Renters
Midtown Atlanta’s tallest residential high-rise, The Atlantic, is attracting a lot of interest from potential renters. The community is the third acquisition of Class-A Atlanta real estate for Crescent Heights.
Condominium Residences Auctioned in Hyattsville
Resource Real Estate is auctioning 33 Maryland condominium residences.
Lancaster, Calif., Portfolio Acquired by MG Properties Group
A four-property, 1,190-unit Lancaster, Calif., apartment portfolio has been acquired by San Diego-based MG Properties Group (MGPG) for a sale price of $91.75 million, with MGPG representing itself in the transaction.
Salmanson Capital Acquires Student Housing Portfolio
Salmanson Capital has acquired a portfolio of off-campus student housing adjacent to Bethlehem’s Lehigh University for $15.23 million.
Sterling Construction in Joint Venture for New Development in North Dakota
Because of a local oil boom of the Bakken Shale Formation, Dickinson, N.D., has become a booming residential area. And that is why Sterling Construction, part of The Sterling Group, feels it is the ideal location for its new $32.3 million community.