News
CBC Brokers Sale of 3 Historic SLC Communities
Multifamily investors continue to show interest and confidence in the area’s apartment market. Strong demand resulted in multiple offers for all three assets.
Meridian Sells Brooklyn Community for $18M
The firm sold the 60-unit, post-war building to S. Antonio Realty. The average unit size is 1,050 square feet.
LMC Opens 344-Unit Music City Community
The Morris is a luxury mixed-use project that includes 6,373 square feet of street-level retail and restaurant space. The property was built on the site of a country music icon’s former office.
The Advantages of Hands-On Property Management
Justin Marshall, COO of Fogelman Properties, spoke to MHN about the company’s Atlanta portfolio, as well as what’s in store for 2018.
CDP Opens Affordable Phoenix Suburb Community
El Rancho del Sol features 47 units and complements the adjacent El Rancho del Arte, a 66-unit property in Mesa, Ariz.
South Street Capital JV Buys IN Student Housing Portfolio
The 290-bed portfolio consists of five adjacent buildings near Purdue University. The communities are close to major locations including Chauney Mall, West Lafayette Public Library and Northwestern Avenue.
JV Opens AZ Student Housing
The 626-bed community marks the joint venture’s fourth property. Skyview also offers roughly 3,000 square feet of retail space.
CBRE Promotes Jeff Stingley to EVP
Based in Kansas City, Mo., Stingley has arranged $1.3 billion in multifamily sales during the past two years. He is the first professional in the history of the office to achieve this title.
Palace Group Unveils FL Luxury Senior Housing
The Palace at Weston Senior Living will feature 300 studios and one- and two-bedroom independent living, assisted-living and memory-care apartments. The project is scheduled to break ground in 2018 and be completed in 2019.
U of Maryland Student Housing Changes Hands
Toll Brothers Campus Living and Ares Management sold Terrapin Row, a 418-unit, 1,493-bed community in College Park, Md. The sale was the largest single-asset student housing transaction so far in 2017.