News
Luxury Condo Building Breaks Ground on Okaloosa Island
Crossgate Partners and Olson Land Partners have begun construction of Blu, a 47-unit community in northwestern Florida. ResortQuest Real Estate is leading the sales and marketing efforts for the development.
CAPREIT Assumes Management of Affordable Housing in Upstate NY
Rochester Highlands is a 504-unit affordable apartment community in Rochester, N.Y., across from the recently developed mixed-use property CityGate.
Tempe Community Trades for $7M
ABI Multifamily has brokered the sale of the 56-unit Arizona asset. The transaction was subject to a $4.5 million, 10-year loan provided by Opus Bank.
MG Properties Grabs $98M OR Apartments
The company acquired the 340-unit Thorncroft Farms Apartments in Hillsboro and plans to make upgrades to the property.
Umbrella Properties Snags $53M Phoenix Community
CBRE Multifamily Institutional Properties represented the seller, PrivatePortfolio Group, in its disposition of the 328-unit Aldea at Estrella Falls in Goodyear, Ariz.
Decron Acquires Bay Area Property
The 220-unit multifamily property sold for nearly $90 million and features a mix of one- and two-bedroom apartments across four buildings.
Suburban Philly Community Lands New Management
The property, which contains 148 condominium units across 19 buildings, features amenities including a tennis court and a swimming pool.
LA Community Sells for $45M
IPA arranged the sale of Cielo Apartments, a Class A, 119-unit community in Chatsworth. Amenities include a clubhouse, fitness center and 208 parking spaces.
Erkiletian Breaks Ground on VA Project
The Sur, a 360-unit luxury development in Potomac Yard, includes 16,503 square feet of retail space and 25,000 square feet of amenities
Advenir Acquires $97M South FL Community
Berkadia closed an $80 million Freddie Mac loan to fund both the acquisition and planned renovations of the 542-unit property.