Regions
Freshwater Investments Acquires Seattle Community
The Stinson Apartment Homes sold for $16.8 million. The community last traded in 2015, when Fowler Property Acquisitions purchased the asset for $10.6 million.
Home Leasing, CPC Open $18M NY Apartments
The 72-unit Charlotte Square at the East End is the first of three new developments in Rochester. Construction on phases II and III are anticipated to begin in the fall of 2017.
Donaldson Group, DRA Advisors Grab $15M MD Community
The joint venture plans to renovate the Brinkley Manor Apartments, including common and outside areas, as well as the individual units.
South Phoenix Community Changes Hands for $12M
Cushman and Wakefield brokered the sale of La Reserve on 45th, a 301-unit property in the Maryvale neighborhood. A joint-venture purchased the asset from CEG Operating Partners.
Cortland’s Mobile Facilities Training Unit
The company conceived its own mobile training unit that travels anywhere necessary to work with facilities and service teams. Executive Vice President of Facilities and Services Jonathan Tucker discusses how teams can benefit from this program, especially when space is an issue.
LA: Affordable Housing Wanted
Rent growth in the city is continuing at a rate double the national average, largely due to solid gains in a few key employment sectors and renter interest pivoting toward the area’s suburbs.
Sheraton Steamboat Resort Converting to Timeshare Villas
First Finish Inc. is transforming 198 rooms into 112 villas. The project is underway and is slated for delivery by the end of the year.
Leasing Starts at New Chicago Mixed-Use
JDL Development’s SixForty, located in the River North neighborhood, includes a 23-story tower with 250 units and 8,000 square feet of retail.
Kiser Group Negotiates $12M Chicago Multifamily Deal
The sale of the 80-unit property marks the highest price per unit—$144,000—for a four plus one asset north of Irving Park Road.
Sustainable Queens Development Begins Leasing
Gotham Organization’s and Brause Realty’s property, called The Forge, includes 272 units and features environmentally friendly, luxury amenities.