Regions
Monarch Purchases Community in East Columbus
Ardsley Ridge Townhomes & Apartments—completed in phases in 1960, 1974 and 1978—consists of 238 units spread across 24 buildings.
Carnegie Mellon Purchases Pittsburgh Community
A private investor traded the 78-unit multifamily property for $17 million. The new owner plans to renovate the building and repurpose it as dedicated university housing.
A Closer Look at Europe’s Capital Markets
Trimont Real Estate Advisors’ Bill Sexton discusses debt markets, changes in the financing landscape over the past decade and why top real estate executives are preparing for a correction.
Draper and Kramer Acquires Chicago Luxury Apartments
CBRE facilitated the sale of the 180-unit rental property that was sold as part of a 1031 exchange. The new ownership assumed management of the community.
The Element at Sacramento State University Changes Hands
The 216-unit student housing community was 100 percent occupied at the time of the sale to NB Private Capital. The property underwent major renovations in 2016.
Income Averaging to Pave the Way for More Affordable Housing
Mixed-income averaging is cited by affordable housing executives as a way to increase affordable housing development in 2019, according to a Capital One survey.
Nonprofit Purchases Affordable Community in Ohio
Bridlewood Village encompasses 70 fully affordable units in the southern area of Columbus. The 1980-built community spreads across 13 buildings.
Local Investor Buys 248-Unit Indy Community
Ardizzone Enterprises paid well over $12 million for the asset. U.S. Bank, the seller, had foreclosed on the property in 2016.
Vintage School’s New Assignment: Mixed-Income Community
Vacant since 1980, the 122-year-old school building will be transformed by Pittsburgh’s housing agency into 35 residential units.
Executive Spotlight: Hessam Nadji, Marcus & Millichap
The president & CEO of one of the industry’s largest investment brokerage companies says a conservative upcycle and new sources of demand mean commercial real estate has lowered its typical cyclical risks and has room for growth.