Regions
Managing the Uncertainties of Home Security
The process to replace and change mechanical key locks can be expensive and time consuming for both residents and property managers, making the switch to electronic access a more efficient option.
Lightstone Launching Amenity-Loaded Queens Community
Located in Long Island City, ARC will feature 428 units and more than 50,000 square feet of indoor and outdoor amenities, including a salt-water pool, private and collaborative workspaces and a lifestyle director.
BRT Nabs 509-Unit DFW Community
BRT Apartments Corp. purchased Mercer Crossing from Provident Realty Advisors for roughly $86 million. For the acquisition, the buyer obtained a $55.2 million loan from Barings Multifamily Capital.
Inland Acquires $95M Denver Asset
Conifer Creek last traded in 2013, when Grand Peaks Properties sold it for $54.4 million. The community was 96.9 percent occupied as of May.
JV Shells Out $118M for Philly Community
Korman Residential and The Carlyle Group acquired 3737 Chestnut in the University City district for $118 million from Radnor Property Group.
LMC Opens Mixed-Use Community in AZ
Nexa, located in North Tempe, Ariz., consists of 399 units and 4,300 square feet of ground-floor retail. The community is part of a larger redevelopment plan for the Apache Corridor.
Lowe JV Buys 304-Unit B’more Community
The high-end Jefferson Square at Washington Hill includes 20,000 square feet of street-level retail and was completed in 2015. The seller will continue to manage the property.
Brokers’ Corner: Douglas Elliman Adds Top Broker
The company has hired Jerry Huang, a former Goldman Sachs executive with more than a decade of financial experience. In his role, he will be focusing on condos and new developments.
Phoenix Community Scores $24M Financing
The real estate investment trust arranged the first mortgage financing for the community. Pinnacle at Union Hills was purchased for $48 million using proceeds from an equity offering.
San Jose Flea Market Redevelopment to Reach 1,000 Units
Western National Group plans to develop 560 apartments in North Village, a community included in Market Park San Jose, a 120-acre mixed-use project.