News
Encore Kicks Off Ft. Lauderdale High-Rise
The Rise Flagler Village is part of Encore Capital Management’s luxury The Rise product brand and is scheduled for completion in early 2020.
Campanelli, Thorndike Sell MA Luxury Asset for $54M
East Main Apartments, located between Providence and Boston, features 188 units. Campanelli Construction completed the Class A community in 2017.
CBRE Arranges $55M Portland Asset Sale
Joe Nydahl, Phil Oester and Josh McDonald of CBRE’s Northwest Multifamily Institutional Investment division worked on behalf of the seller of the 149-unit, mid-rise property, of which 38 apartments are affordable.
Plum Creek Reaches Development Milestone in Texas
The company has completed its 1,600th apartment in Kyle, Texas, and plans to build 370 more in the coming year.
Transwestern Investment Group, S2 Capital Acquire DFW Community
Oak Creek Apartments in Bedford, Texas, includes 464 units and is the largest Class B property in the area.
Record Supply Moderates Rent Growth in St. Louis
The city’s job gains are somewhat middling, but a below-trend unemployment rate means that housing continues to be in high demand.
OBP Partners Acquires 2 Boston Properties
The company secured a 185-unit suburban apartment portfolio from True North Capital Partners for $45.2 million.
Partnership Debuts Affordable Housing Revamp in Vegas
Community Development Partners and BLVD Capital have opened Baltimore Gardens and Cleveland Gardens, two communities totaling 201 units. All apartments are restricted to low-income households.
Kamson Corp. Sells NJ Community for $50M
Gebroe-Hammer Associates arranged the sale of Forrest Hill Terrace Apartments, a 452-unit garden-style community located in Newark.
FOURMIDABLE Expands Ohio Management Portfolio
The Village at Arlington I & II is located in Youngstown and comprises 120 affordable units, a playground and a computer center.