News
Student Housing Development Attracts International Investors
Peak Campus Development’s Jeff Githens discusses how students’ expectations in terms of housing changed and what he expects from the industry going forward.
Tempe Luxury Property Trades for $73M
Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.
JV Buys 240-Unit AZ Community
Continental Realty Advisors and GTIS Partners acquired San Palmas at Mission Park in Chandler. The property includes 30 two-story buildings and a clubhouse, a fitness center and a volleyball court.
Newman Garrison + Partners Bringing TOD to CA
Construction on the 352-unit project in Woodland Hills is expected to commence in 2019 and is slated for completion by 2022.
HFF Arranges $96M for DC Development
EastBanc’s 176-unit property will feature a courtyard, rooftop pool and cafe. Groundbreaking is slated for early 2019.
Birmingham Asset Changes Hands for $39M
The 468-unit, Class B property contains a mix of one- to three-bedroom apartments situated near Interstate 65, providing convenient access to Birmingham’s downtown area.
Tree Group’s CT Portfolio Trades for $48M
Chozick Realty represented the seller and procured the buyer in the transaction, which included Peppertree in Groton, Silvertree in Wallingford and Harbortree in New London.
Berkadia Brokers 311-Unit San Antonio Community Sale
PEM Real Estate Group acquired Legacy Flats, a 10-building garden-style multifamily property in San Antonio. White-Conlee Builders completed the asset in 2016.
Rittenhouse Realty Closes $6M Sale in Philly
The four-story building comprises 15 units and a commercial ground floor component, a space currently leased to Sherwin Williams.
Luxury Community Breaks Ground in South Austin
The 300-unit development is owned and managed by Oden Hughes, and is scheduled to open in 2019. This is the company’s sixth residential project in the area.