Regions
MG Properties Acquires $58M Vegas Community
The company purchased the 432-unit Bristol at Sunset from Kennedy Wilson. CBRE arranged a $39.4 million acquisition loan through Fannie Mae on behalf of MG Properties Group.
Tackling the Affordable Housing Crisis
A panel of industry veterans offered a sober assessment and strategies for progress at the Institute of Real Estate Management’s annual summit in Chicago.
CA Treasurer, Governor Hopeful Doubles Down on Housing Affordability
California State Treasurer John Chiang is a man with a mission, and that mission is affordable housing. He offers details in a candid interview with MHN.
22-Property Portfolio Commands $467M
HFF helped Equus Capital Partners sell the 3,426 units. The assets are in suburban Philadelphia, Lancaster, Harrisburg, Wyomissing, Lehigh Valley and northeastern Pennsylvania.
FOURMIDABLE Opens 3 Communities in TN, MS
The company completed Turnrow in Somerville, Tenn., as well as Tall Oaks in Verona, Miss., and Fountain Square in Columbus, Miss., all of which are affordable properties.
Denver Luxury Asset Trades for $142M
Completed in 2015, the 12-story community is situated across the street from Cherry Creek Shopping Mall. BMC Investments sold the asset for roughly $650,000 per unit.
Transforming Unit Design
Marc Fairbrother of CallisonRTKL explains how new unit plans allow residents to have multiple, flexible spaces that can accommodate different configurations, integrating technology and energy-efficiency.
Terra Closes $23M Preferred Equity for Seattle Property
Bristol I is situated within the waterfront community of Southport, a new mixed-use village with 188 units and 730,000 square feet of Class A office space.
IMT Capital Snags TN Community
The company purchased the 386-unit ALARA Cool Springs, located in the Nashville submarket of Franklin, from American Realty Advisors. Cushman & Wakefield represented the seller in the transaction.
Burbank Gets First Industrial Area TOD
Newman Garrison + Partners will design the high-profile project in Burbank, Calif. The apartment community targeted towards Millennials will feature market-rate and affordable units.