Regions
Bascom Group Nabs CA Property for $33M
The company plans to renovate the 123-unit Sunset Cove Apartments, a 48-year-old infill community in Costa Mesa.
On the Market: 5 Interesting Listings for the Week of 4/30
This week’s listings include a newly renovated age-restricted community in Vegas and a turnkey asset in central Richmond, Va.
$56M Brooklyn Affordable Housing Opens
Built on a former parking lot, CAMBA Housing Ventures’ 101-unit community was designed to achieve LEED Gold certification.
SCB Designs 1,600-Bed Living/Learning Community
The mixed-use student housing property serves those attending Arizona State University and offers seven social and study lounges, six academic centers and two maker labs allowing students to work on projects.
Berkadia Brokers Midwest Portfolio Sale
The four communities are located in Illinois, Indiana and Wisconsin and sold for $41.5 million. Alex Blagojevich, Ralph DePasquale, Chris Bruzas and Parker Stewart represented the seller.
How Can Religious Institutions Ease the Affordable Housing Crisis
MHN spoke with NHPF Vice President of Acquisitions Frank Cerbini, an expert on faith-based partnerships, and Pastor Michael Eaddy from the People’s Church of the Harvest in Chicago, about this solution on the background of America’s affordable housing shortage.
ARA Newmark Hires Brokerage Expert
With almost 20 years of industry experience, Brett Polachek will be responsible for originating and managing multifamily investment sales across Arizona.
Stellar Management Launches Brooklyn Luxury Condo
The company’s first solo ground-up development, the 197-unit, eight-story partially affordable OTTO in Brooklyn, will soon welcome its first residents.
306-Unit Community Trades Near Indianapolis
Tikijian represented the seller, developer and manager of the asset. Flaherty and Collins will take over property management on behalf of the new owner.
Olympus Property Launches 8th Fund
The firm added 869 units to its portfolio with the purchase of Olympus Steelyard in Chandler, Ariz.; Sundance Creek in Midland, Texas; and Sedona Ranch in Odessa, Texas.