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Dominium Expands Orlando Presence
The Minneapolis-based developer has acquired the 120-unit Chelsea Park Apartments, with plans to renovate the community and upgrade its amenities.
Berkadia Closes $35M SoCal Apartment Sale
A California-based investor purchased the 128-unit community in Fullerton. The multifamily asset last traded in 2012 for a little over $20 million.
JLL Brokers Downtown Phoenix Land Sale
Due to rising rents, as well as employment and population growth that keep demand high, Clark Street Holdings acquired 1.3 acres on which it plans to develop a residential high-rise property.
How the Hiccup in New York Rents Affects NJ’s Gold Coast
Northern New Jersey’s “Gold Coast,” which offers easy transportation to Manhattan, may have to compete for its spot as supply increases in the five boroughs.
JPL Snags Nashville-Area Apartment Project
The 304-unit Villages at Peytona Downs will be part of the master-planned Greensboro Village, which features residential, retail and office space.
Colorado Community Under New Ownership Through HFF
Prior to the sale, the 185-unit, garden-style community was 90.3 percent occupied, according to data provided by Yardi Matrix.
URS Capital Partners Nabs Distressed Apartment Community
The company plans to invest $4 million in the property’s renovation, crucial to an extensive rebranding process that will include renaming the community as The Flats at East Atlanta.
HSL Lands $22M Refi for Phoenix Asset
Hunt Mortgage Group has arranged a 10-year Fannie Mae loan for the 232-unit Desert Sands Apartments in Casa Grande, Ariz.
Summerhill Brings 994-Unit Project to Santa Clara
Located on nearly 27 acres bounded by Lawrence Expressway, Central Expressway and Kifer Road, Nuevo will be the city’s largest master-planned housing development since Rivermark.
Preferred Closed the Sale on 2 Communities Totaling $114M
The properties, located in Kansas City, Kan., and Atlanta, have an annualized return of 19.1 percent.