News
Student Housing Asset Commands $55M in Tight Canadian Market
Cushman & Wakefield worked on behalf of Alignvest Student Housing to acquire the 357-bed property from CA Ventures of Chicago.
Cleveland’s Rent Growth Picks Up the Pace
With demographic contraction moderating and demand improving, rent growth in Cleveland is once again accelerating, at 2.2 percent year-over-year through October 2018.
Cardone Capital Buys, Rebrands Austin Luxury Property
The 10X Living at Grandview community, which was previously known as Gables Grandview, comprises 34 buildings totaling 458 units.
Bird Home Automation Expands Intercom Line
The Berlin-based manufacturer’s new IP video door station allows users to see and talk to visitors remotely and includes a keypad for access control PIN codes.
New Chicago Luxury Tower Sells for $121M
The 265-unit high-rise developed by Moceri + Roszak marks Canada-based Pacific Reach Properties’ first multifamily acquisition in the city.
Praedium Group Buys Dallas-Area Asset
Located in North Arlington, the 353-unit Arlington Commons was completed in 2018 and offers residents access to amenities such as a dog park, swimming pool and wellness center.
Praedium Group Acquires Nashville Community
The investment firm purchased Novel Bellevue, part of the newly opened, 1 million-square-foot One Bellevue Place mixed-use development. The seller was Crescent Communities.
Kiser Group Brokers $38M Sale of Chicago Condominium Asset
ESG Kullen acquired all 250 units of The Flats on LaSalle, a former luxury hotel converted into apartments in early 2000.
Essex Realty Brokers Sale of Chicago Value-Add Multifamily Asset
The company represented both the seller and the buyer in the transaction of Lakeside Village of Mundelein, a 10-building community located in Mundelein, Ill.
NE Off-Campus Student Housing Asset Changes Hands
GMH plans to rename the 632-bed student housing community to Academy Lincoln. The property serves students at the University of Nebraska-Lincoln.