News
MG Properties Acquires 2 WA Assets for $133M
The company purchased Beaumont in Woodinville from Guardian Life Insurance Co. and Newberry Square in Lynwood from Fairfield Residential. Totaling 467 units, both communities will undergo interior and exterior renovations.
Capitol Seniors Housing to Start NY Project
Stonegate at Greenburgh, an assisted-living and memory-care community in Greenburgh, N.Y., will have 101 units and be operated by Northbridge Cos.
CBRE Secures Sale of 1,720-Bed Student Housing Portfolio
The four properties serve students attending the University of Wisconsin, Auburn University and Florida State University.
Keys to a Successful Development Strategy
BTI Managing Partner Noah Breakstone reveals how the company finds financing for its developments in Florida and the southeastern United States, and what he expects from the year ahead.
Dominium Breaks Ground on MN Senior Housing
Located in a suburb of St. Paul, Legends of Woodbury is a 216-unit affordable community that will feature a pair of apartment buildings with a central, two-story clubhouse.
Starwood Capital Sells 432-Unit Orlando Community
CBRE arranged the sale of Winter Park Commons, a 428,432-square-foot property featuring three swimming pools and 850 covered parking spots.
Interest Stays High in LA
Rent growth continues to derive from a disconnect between growing supply in the Lifestyle segment and demand for workforce properties.
Pinnacle Taps New VP to Run Northern CA Region
Mark DeGraff will provide support to four regional property managers with a combined portfolio of more than 5,000 apartments located throughout Sacramento, the San Francisco peninsula and the East and South Bay.
$16M Senior Housing Community Opens in Pittsburgh
The 66-unit Hillcrest Residences, which was developed by The Community Builders is located in the Carrick neighborhood.
CT Senior Living Community Breaks Ground
Maplewood Senior Living has broken ground on a 93,000-square-foot assisted living and memory care community in Connecticut. The regionally based team will deliver the building in 2019.