News
Capital Square Realty Buys Tampa MF Property
Capital Square Realty Advisors LLC has acquired Bridgeview Apartments, a 348-unit garden-style property in Tampa for an unspecified price. The property consists of 17 wood-framed and stucco residential buildings ranging between two and three stories each.
The JBG Companies Hires Todd Rich as Partner
The JBG Companies today announced that Todd S. Rich will be joining the firm as a partner. He will work as a member of the company’s Investments team, focusing primarily on office assets; he will officially join JBG next month.
TODAY’S DEALS: Weinstein Properties Buys into Charlotte with $41.5M Apartment Acquisition
ARA completes a 205-unit sale in Charlotte; The Bascom Group acquires a 336-unit community in Las Vegas; and Thorofare Capital funds a $8.2 million non-recourse loan.
Tryperion, Presidium Acquire San Antonio Multifamily Property
In a joint venture, Tryperion Partners and Presidium Group have acquired Oakwell Springs, a 252-unit apartment community in San Antonio. The property is located in the desirable Northeast submarket of the Alamo City.
HAP Investments Buys Site for Condos in Manhattan
HAP Investments, a New York-based real estate investment and development company, has acquired a development site at 215-219 West 28th St. in Manhattan for $51 million. The site comes along with adjacent air rights.
TODAY’S DEALS: Boston Apartment Asset Sells for $53.6M
CBRE/New England brokers a 136-unit sale in Boston; Marcus & Millichap closes a $25.7 million multifamily trade in Harrisburg, Pa.; and C&W brokers a bulk sale of luxury condominiums in Celebration, Fla., by a financial institution.
53 Broadway Thriving in Brooklyn’s South Williamsburg Neighborhood
New York developer Adam America, in partnership with The Horizon Group, is reveling in the success of its new 53 Broadway community in Brooklyn’s South Williamsburg neighborhood after nearly two-thirds of the building’s apartments were leased in its first three weeks on the market.
Economy Watch: Existing Home Sales Rise, According to National Association of Realtors
The National Association of Realtors reported that total existing home sales nationwide rose 1.7 percent to an annualized rate of 5.48 million units in August, compared with 5.39 million in July.
Propertylink Selects Yardi Voyager for Real Estate Investment and Asset Management Operations in Australia
Yardi(R), a leading developer of software solutions for the real estate investment, asset and property management industry, is pleased to announce today that Propertylink has selected Yardi Voyager(R) for its real estate investment, asset and property management operations.