News
Thayer Manca Shells Out $40M for Tucson Asset
The new owner of Palm Canyon Apartment Homes will invest approximately $13,500 per unit for interior and exterior renovations, along with a sustainability package.
BH3 Buys $195M Loan on Distressed NYC Skyscraper
The real estate investment firm has taken over the defaulted mortgage on 125 Greenwich St., an 88-story luxury condo tower in Manhattan’s Financial District that topped out earlier this year.
Miami Community Trades for $22M
Marcus & Millichap arranged the sale of a 116-unit asset located next to Tamiami Park. The seller owned and operated the multifamily property for more than 35 years.
Panorama Breaks Ground on Charlotte TOD Project
JLL Carolinas will manage the development of the 309-unit Lumeo Apartments, located near the University City Boulevard station on the LYNX Blue Line extension.
An Insider’s View on Denver’s Multifamily Market
McWhinney’s David Jaudes talks about multifamily demand in Denver, the impact of rising costs and where development opportunities lie.
Robbins Property Associates Expands Florida Footprint
JLL represented the seller, Grand Peaks Properties, in its disposition of The Gardens at Nova, a 140-unit asset located in Davie.
Tower 16 JV Expands Vegas Multifamily Footprint
The firm partnered with Henley Investments, paying nearly $33 million for the Class B community. The deal marks the partnership’s fifth acquisition in the metro.
Tennessee’s Tallest Rental Tower Tops Out
The 34-story mixed-use community is being developed by Brookfield Properties, with Swedish construction giant Skanska as general contractor, in the heart of downtown Nashville.
New Jersey Workforce Housing Portfolio Sells for $146M
An international investor scooped up the seven communities totaling 1,035 units from Murnick Property Group, which has operated and maintained the buildings for the past half-century.
L+M, Invesco Partner for $1.2B NYC Housing Deal
The duo agreed to buy more than 2,800 market-rate apartments in Manhattan from Urban American and Brookfield Asset Management and will restore the affordability of more than 1,800 units.