Regions
IPA Facilitates $65M Phoenix-Area Transaction
Eaton Vance Investment Managers purchased the 303-unit Chandler property, which includes a volleyball court, two swimming pools and 458 parking spaces.
Industry Veteran Joins ARA Newmark in Portland
Lydia Thompson has more than 23 years of industry experience. As the company’s new senior managing director, she will be responsible for originating and managing regional multifamily sales.
Demmon Partners Snaps Up Sacramento Asset for $33M
Walker & Dunlop provided nearly $15.9 million in Fannie Mae financing for the acquisition of the five-story community, which comprises 50 one- and two- bedroom units.
Tucson Value-Add Asset Changes Hands
Skyline Park Apartments is situated in a market which is experiencing a surge of value-add investments, largely due to limited new supply and continued population growth.
Luxury Waterfront Community Opens in East Boston
The 25 percent pre-leased Boston East community, developed by Trinity Financial and East Boston Community Development Corp., features 200 luxury apartments and includes a community art gallery.
Portside Partners Ventura Harbor Develops CA Coastal Community
When complete, the Ventura property will include 270 apartments, 30 live-work units, a 104-boat-slip marina and 21,000 square feet of retail space.
Boston-Area Asset Receives $29M Loan
Reed Realty Advisors will use the proceeds to finance the development of Pac 10 Lofts, a 180-unit affordable housing community in Lawrence, Mass.
Economy Watch: Multifamily Construction Spending Nears Pre-Recession High
Construction spending in 2017 was just 2.6 percent short of the pre-recession peak in 2006, Apartment List reported. Single-family residential construction hasn’t recovered to the same extent.
Wood Partners Opens LA Community
The 280-unit Fifty Five Fifty broke ground in late 2015, and the property offers a mix of affordable and market-rate apartments.
Downtown Phoenix’s 2nd Tallest Residential Tower Underway
Parallel Capital Partners sold a one-acre parcel within Arizona Center to North American Development Group. The company intends to build there a $100 million, 30-story tower.