News
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.
JV to Develop 175-Unit Affordable Property in Upper Manhattan
Community League of the Heights, Ranger Properties, Alembic Community Development and the Children’s Village will build The Eliza, a fully affordable community that will include a renewed Inwood Library.
Cogswell Lee Tops Out on Lower Manhattan Condos
Gluck+ designed the seven-story boutique property, which will offer 45 luxury units on the former site of the Lower East Side’s last matzo factory.
FL Student Housing Switches from For-Sale to Rental
University Developments is planning University Bridge Residences, a 20-story community that will serve students from Florida International University.
Peak Campus to Manage MS Student Housing
Haven Campus Communities’ Haven12 is a 536-bed and 152-unit property serving students at Mississippi State University in Starkville.
On the Market: 5 Interesting Listings for the Week of 3/5
This week’s multifamily listings include a portfolio in Denver’s Glendale market and newly converted condominiums in Scottsdale, Ariz.