News
ZOM Living Acquires Charlotte Site
ZOM Living has closed on the purchase of a 2.76-acre parcel in Charlotte, where the company plans to break ground in early 2018 on Hazel SouthPark.
22-Property Portfolio Commands $467M
HFF helped Equus Capital Partners sell the 3,426 units. The assets are in suburban Philadelphia, Lancaster, Harrisburg, Wyomissing, Lehigh Valley and northeastern Pennsylvania.
FOURMIDABLE Opens 3 Communities in TN, MS
The company completed Turnrow in Somerville, Tenn., as well as Tall Oaks in Verona, Miss., and Fountain Square in Columbus, Miss., all of which are affordable properties.
Denver Luxury Asset Trades for $142M
Completed in 2015, the 12-story community is situated across the street from Cherry Creek Shopping Mall. BMC Investments sold the asset for roughly $650,000 per unit.
Newly Completed FL Community Up for Sale
Stock Development’s 324-unit community, called Spectra Apartments, is located in Fort Myers. Cushman & Wakefield’s Florida Multifamily team has been named the marketing agent.
Berkadia Secures $99M for FL Acquisitions
Advenir has secured two communities: the 360-unit Crown Pointe in Broward County and the 358-unit Gateway Lakes in Sarasota.
Terra Closes $23M Preferred Equity for Seattle Property
Bristol I is situated within the waterfront community of Southport, a new mixed-use village with 188 units and 730,000 square feet of Class A office space.
IMT Capital Snags TN Community
The company purchased the 386-unit ALARA Cool Springs, located in the Nashville submarket of Franklin, from American Realty Advisors. Cushman & Wakefield represented the seller in the transaction.
Burbank Gets First Industrial Area TOD
Newman Garrison + Partners will design the high-profile project in Burbank, Calif. The apartment community targeted towards Millennials will feature market-rate and affordable units.
Loukas Kicks Off Construction at Chicago Luxury Tower
The 148-unit building will be located in the Greektown neighborhood of Chicago’s West Loop. Additionally, the property will offer 7,500 square feet of retail space.