News
FortCap Partners Acquires 198-Unit Community
With the purchase of Gables Court Apartments, the company’s Atlanta multifamily portfolio now totals 567 units.
WinnDevelopment Proceeds with Adaptive Re-Use
The project, located in Lowell, Mass., will produce will produce 73 market-rate apartments and two affordable units in a 170-year-old former cloth mill.
Optimism Abounds at REIT Week
Self-storage and apartments are leading the way in terms of income growth, but virtually all property segments are going strong by historical standards.
New Standard Equities Acquires Seattle-Area Property
The 284-unit community was acquired from Fowler Property Acquisitions.
CA Residential, Habitat Co. Form Multifamily Partnership
The Chicago-based firms will pursue co-development and investment deal in various markets nationwide, targeting properties between $40 million and $120 million.
Architect for Pearl Midtown 29 Revealed
Architecture and design firm Stantec has revealed its design for the luxury mixed-use development in Midtown Miami.
Product Spotlight: Carnegie’s PVC-Free Wallcoverings
Carnegie’s newest designs add diversity to its PVC-free wallpaper collections.
West Boca Apartments Changes Hands
Mill Creek Residential has rebranded the garden-style community, formerly called Emerald Bay Club Apartments, to Alister Boca Raton.
New Owner Plans $5M Renovation of Lake Vista Apartments
The 480-unit community in Miramar will feature two additional pools and upgraded interior finishes, all part of the multi-million dollar renovation project.
IPA Arranges Record-Breaking Sale of Terracina Apartments in Inland Empire
By Alex Girda Ontario, Calif.– The recent sale of the Terracina community in Ontario is the largest transaction ever completed for a multifamily property in the Inland Empire. MG Properties sold the property along with joint venture partner Rockwood Capital for $142 million. The price per-unit comes in at roughly $193,000, well above the national average PPU which ended 2015 at roughly $117,000. Located at 3303 South Archibald Ave. in the Ontario Ranch master-planned community, Terracina offers 736 garden-style residences. The property consists of two land parcels that total 41 of the 8,200 acres that make up Ontario Ranch. The transaction…