News

Orlando Apartments Command $47M

TruAmerica continues its East Coast expansion with the acquisition of the 300-unit Arium Falcon Pines in Orlando. The company is planning on making a multimillion-dollar renovation to the property.

Luxury

Bay Area Senior Living to Break Ground

Embarking on a five-year, multi-phase project, Wilson Investment Properties will build Paradise Value Estates, 140-unit assisted living community in Fairfield, Calif.

Affordable

HTG Debuts Luxury AZ Community

Aviva, located in the Phoenix suburb of Mesa, Ariz., will feature 325 one-, two- and three-bedroom units. The $63 million project will welcome its first residents in January 2018, and Mark-Taylor will handle leasing.

Luxury

Regions

Change City

Western Securities Breaks Ground on Phase II of TX Asset

The 186-unit Mustang Station Apartments in Farmers Branch, Texas, is a transit-oriented development. The second phase include construction of a garage and amenities such as a fitness facility and an arbor.
South 19 October 2017 15:57
Economy Watch: Architects a Little Less Busy in September

The seven-month streak of steady growth in demand for design services ended in September, with the American Institute of Architects' Architecture Billings Index dipping to 49.1 for the month.
National 19 October 2017 15:56
Berkadia Facilitates $15M Vegas Sale

Desert Palms North Apartments was built in 1992 and features mixed unit types, ranging in size from 520 to 975 square feet. According to Yardi Matrix data, monthly rent averages at $648.
Las Vegas 19 October 2017 15:47
Prestwick Opens Affordable SC Community

TD Bank invested $7.8 million in LIHTC equity, in partnership with Enterprise Community Investment, for the development of The Pointe at Blythewood, a 56-unit project northeast of Columbia.
South 19 October 2017 15:44
Queens Nursing Facilities Land $54M Refi

With a total of 576 units, both properties are part of the SentosaCare network. Greystone provided the HUD-insured mortgage loans for the two highly specialized assets.
New York 19 October 2017 15:40
SoCal Delivering for Investors in San Diego

The city's multifamily market continues to attract robust investor demand, with transaction activity hot off 2016’s cycle high and already at $1 billion year-to-date through July. The market boasts the fourth-highest occupancy rate among major U.S. metros. As a result, rents were up 4 percent year-over-year as of August, well above the national rate.
San Diego 19 October 2017 13:59
Las Vegas Asset Changes Hands

Berkadia arranged the sale of Emerald Park Apartment Homes, a 300-unit community. The buyer paid $95 per square foot, a 5.5 percent cap rate.
Las Vegas 19 October 2017 13:30