News
Walters Group Develops Senior Housing on Jersey Shore
Cornerstone at Seaside is expected to revivify a neglected area that has needed redevelopment for years because of the damage from Superstorm Sandy.
Southern Land to Develop TX Mixed-Use
Morada Plano will comprise 183 units and 12,700 square feet of restaurant and retail space across two five-story buildings. Construction is scheduled for completion in 2018.
New Supply Keeps Rent Growth Tepid in Baltimore
Spearheaded by the revival of its core and by the emergence of the Baltimore-Washington corridor as a strategic location, the metro’s multifamily fundamentals have stabilized.
PRP Sells Class A Property for $44M in Atlanta
Perseus Realty Partners completed the disposition of Ansley at Princeton Lakes, selling it for $43,5 million. The property is ten minutes away from Hartsfield-Jackson International Airport.
Chicago’s Woodlawn: A Success Story in the Making
In the last few years, the long-struggling neighborhood has seen robust construction activity in the housing and retail sectors. Nonprofit developer POAH together with the city of Chicago have initiated a series of affordable housing projects meant to transform the community and trigger other residential, educational and cultural developments.
Peak Campus Appoints New Regional VP
The company has chosen Tami Finan as the newest member of its operations team, where she will oversee a portfolio of more than 25 student housing assets.
JV Acquires $41M CO Community
The 280-unit Lamplight Square at the Park is located in Colorado Springs. Griffis/Blessing plans to upgrade unit interiors, as well as the outdoor/indoor pool and the fitness area.
Bellwether Secures $67M for 2 Properties
Brookson Resident Flats is a 296-unit community in Huntersville, N.C., and Summer Chase Apartments includes 168 apartments in North Myrtle Beach, S.C.
Jamestown Nabs $145M for Manhattan Apartments
Capital One provided the loan for 88 Leonard St., a 21-story, 352-unit luxury building located in Manhattan’s Tribeca neighborhood.
South Salt Lake City Property Trades for $67M
On behalf of a private investor, Marcus & Millichap arranged the sale of Lionsgate, a 15-building multifamily property in Murray, Utah. The 400-unit asset is located within minutes of Interstate 15.