News
Atlas, Novel Bag FL Asset
The joint venture acquired the 481-unit Urban Style Flats Apartments in downtown St. Petersburg. The companies plan to renovate and rebrand the community.
Landlords Hold Pricing Power in Orange County
Demand for apartments continues to be strong in the area, where high construction costs and surging land values maintain the housing market as one of the most expensive in the country.
CBRE Secures $25M MN Community
Granite Woods Minneapolis purchased the 192-unit property, which is located in Plymouth. Brokers Keith Collins, Abe Appert, Ted Abramson and Ike Hoffman negotiated the transaction.
OH Apartments Snag $17M Financing
Pillar originated the loans for two properties in Columbus. The financing includes 10- and 15-year terms and 30-year amortization schedules.
StoneBridge Acquires $54M VA Asset
Copper Spring is a 366-unit, garden-style community in Richmond. At the time of the sale, the property was 97.8 percent leased.
Tech Scene Continues to Thrive in Seattle
Fueled by the continued expansion of the technology sector and population growth, the city’s multifamily market remains healthy.
Landmark, CityLife to Develop Midtown Atlanta Student Housing
Landmark Properties and CityLife Development Partners completed the land purchase for construction of a 28-story mixed-use student housing development near Georgia Tech in Midtown Atlanta.
MA Affordable Housing Project Lands $23M
MassHousing arranged the financing through JP Morgan Chase on behalf of Just-A-Start for the renovation and reconstruction of 112 affordable units in Cambridge, Mass.
Pinnacle, Ascend to Break Ground on Miami Community
Construction will soon be underway at Oasis at Blue Lagoon, a 272-unit Class A property near MIami International Airport. Completion is scheduled for 2019.
ARA Newmark Closes Sale of $100M Denver Community
Vice Chairmen Terrance Hunt, Shane Ozment, Jeff Hawks and Doug Andrews, and Executive Managing Director Chris Cowan represented Columbus, Ohio-based developer Edwards Cos.