News
Passco Acquires $50M Luxury Community
The company is expanding its footprint with a new Class A, luxury community, located near Tampa Bay and major area employers.
Luxury Condos Coming to Perdido Key, FL
Developers Meridian Realty Advisors and Premier Development Group’s community, which is built on a private beach, is scheduled to open in the summer of 2019 and is already 40 percent sold.
Middle Earth Gets Precious $98M Expansion
Named for “The Lord of the Rings,” the student housing project at UC Irvine will comprise construction of two brand-new towers and the renovation of a dining hall.
Downtown DC Project Lands $170M in Financing
Portals Residential Phase V Building will feature 373 rental apartments, a sky terrace, an infinity pool, state-of-the-art fitness facility, as well as a rooftop walkway around the building.
Greystone Appoints 2 Managing Directors in Chicago
William Montana and Christopher Sackley will coordinate the firm’s multifamily sales advisory efforts in the Midwest and report to President Jim McDevitt.
South Side Chicago Affordable Housing Completed
Brinshore Development’s Park Place includes 78 units within West Elsdon’s Back of the Yards neighborhood. McShane Construction worked as the contractor and provided all site work.
Marcus & Millichap Sells Indianapolis Community
Built in 1980, the one-story building is located near Memorial Hospital, a major employer in the area. The community was 100 percent occupied as of May.
A Smart-Home System Designed for Multifamily
Tailored to multifamily communities, IOTAS is an automated system that controls everything from the temperature in a resident’s unit to security in common areas.
Calvera Partners Begins National Expansion
The community is located in downtown Minneapolis, in close proximity to city landmarks. The company plans to upgrade and rebrand the property.
Decron, Sequoia Trade CA Assets in $193M Transaction
Sequoia traded The Villas and Overlook, located in the 4,000-acre master-planned community of Wood Ranch, for Decron’s Broadstone at Strawberry Creek. Institutional Property Advisors represented both companies.