News
Marcus & Millichap Arranges Sale of Uptown Minneapolis Asset
Colfax Avenue traded for $1.4 million. GLT Partners’ Mox Gunderson, Dan Linnell, Josh Talberg and Abe Roberts acted on behalf of the seller and also secured the buyer.
Marcus & Millichap Brokers Sale of New FL Asset
The Alexander at Sabal Point is a 286-unit multifamily property in the Sabal Point community of Longwood. Casey Babb worked on behalf of the buyer in this deal.
Canadian Investor Buys $46M Phoenix-Area Asset
The 360-unit community in Chandler last traded more than a decade ago, when PEM Real Estate acquired it as part of a portfolio deal.
VT Townhomes Reach $34M Sellout
Spruce Peak’s Village Townhomes in Stowe includes 18 luxury units and is the second of the company’s properties to sell out before construction was completed.
Michigan Investor Buys Toledo Apartments
Jamestown Apartments 17 has obtained acquisition financing to buy the Jamestown of Toledo Apartments in Toledo, Ohio.
JV Debuts DC Affordable Housing
Developed by Somerset Development Co., New Community Partners and Jonathan Rose Cos., Portner Flats features 96 units and a playground, a fitness center and a community garden.
Kaplan Taps Prescient for 336-Unit Atlanta Tower
Prescient’s Digital Thread technology will be used to efficiently deliver the belated project. The BIM system is expected to cut development costs, risks and deliver a superior product.
ARA Newmark Facilitates Orlando Luxury Asset Transaction
Director Scott Ramey, together with Executive Managing Directors Patrick Dufour and Kevin Judd, arranged the sale of Axis West, a new 268-unit community.
Economy Watch: Declining US Birth Rate to Impact CRE
While the effects might not be felt for a few decades, a prolonged U.S. birth rate slump is likely to put a damper on demand for certain kinds of real estate, particularly rental apartments.
Crown Bay Group Grows Atlanta Portfolio
The company acquired two properties in different suburbs of the metro. Plans to rehabilitate the 1970-built properties are underway, featuring unit improvements and amenity upgrades.