News
Jefferson Apartment Group Sells $43M Orlando Community
Avison Young represented the buyer, Palm Heights LLC, in its purchase of Azul Baldwin Park, a 178-unit property located in the Colonial Town submarket.
JV to Open 492-Bed Student Housing Community
The company will develop a garden-style student housing community adjacent to the University of Florida at Gainesville. The community is slated to open prior to the 2020-2021 academic year.
The Element at Sacramento State University Changes Hands
The 216-unit student housing community was 100 percent occupied at the time of the sale to NB Private Capital. The property underwent major renovations in 2016.
Income Averaging to Pave the Way for More Affordable Housing
Mixed-income averaging is cited by affordable housing executives as a way to increase affordable housing development in 2019, according to a Capital One survey.
Nonprofit Purchases Affordable Community in Ohio
Bridlewood Village encompasses 70 fully affordable units in the southern area of Columbus. The 1980-built community spreads across 13 buildings.
Local Investor Buys 248-Unit Indy Community
Ardizzone Enterprises paid well over $12 million for the asset. U.S. Bank, the seller, had foreclosed on the property in 2016.
Vintage School’s New Assignment: Mixed-Income Community
Vacant since 1980, the 122-year-old school building will be transformed by Pittsburgh’s housing agency into 35 residential units.
Executive Spotlight: Hessam Nadji, Marcus & Millichap
The president & CEO of one of the industry’s largest investment brokerage companies says a conservative upcycle and new sources of demand mean commercial real estate has lowered its typical cyclical risks and has room for growth.
Starlight Acquires Orlando Community
The 356-unit Shingle Creek was developed by Altman Cos. and completed earlier this year. Featured amenities include a swimming pool and spa.
Phoenix Group Acquires $45M Hollywood Community
Institutional Property Advisors represented the seller in its disposition of Vue Hollywood, a 92-unit property that features amenities such as a fitness center and a swimming pool.