Multifamily news in Luxury Housing - Richmond
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Castle Lanterra Acquires VA Community
The 224-unit Meridian Obici in Suffolk includes a saltwater pool, a dog park and a car-care center. The deal marks the company’s second acquisition in the state.
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On the Market: 5 Interesting Listings for the Week of 9/17
This week's roundup includes a luxury high-rise in the heart of Miami, a student housing opportunity in Baltimore and an adaptive-reuse property in the Richmond area, among others.
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On the Market: 4 Interesting Listings for the Week of 9/10
This week's listings include a box factory that was remodeled into multifamily in 2017, located in Richmond's Manchester neighborhood, as well as a property in Albuquerque that presents a unique opportunity.
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On the Market: 5 Interesting Listings for the Week of 7/30
This week's selection includes a vintage community in Newport News, Va.; a new luxury development in Brooklyn; and more.
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Historic Richmond High-Rise Sells for $39M
Built in 1913, the 19-story First National Bank building was the city's tallest tower at that time. In 2012, its owner converted the property into a 154-unit community.
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Top 10 Apartment Owners in Richmond
After lagging the nation for most of 2017, rent growth in the city started rebounding last December. Upscale demand is driven by large commitments made by tech companies in the area, bringing in new multifamily construction.
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Luxury Hampton Roads Community Selects Management
The development, planned to encompass approximately 500 upscale apartments near Dollar Tree’s future headquarters, will also include 50,000 square feet of retail.
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PAC Buys Recently Built Virginia Community
The company purchased Founders Village, a 247-unit community in Williamsburg, Va., and financed the acquisition using a portion of the proceeds from a 1031 exchange sale.
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Berkadia Lines Up $34M Refi for Richmond Asset
The firm worked on behalf of Stone Creek Apartments to arrange a HUD loan for the 264-unit property.
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Richmond Adds Luxury Community
The 137-unit Charleston Ridge in Hanover County will welcome its first residents by mid-October 2016.
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High-End Community Opens in Hampton Roads
The 240-unit upscale property is owned and managed by Virginia Beach-based Franklin Johnston Group.
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Coveted Suffolk, Va. Lands Upscale Community
The 228-unit Bainbridge 3200, situated in the heart of Suffolk’s Harbourview area, opened its first units in March and is expected to be completed by late summer.