Regions
Hollywood Communities Command $24M
Vista Investment Group sold a pair of properties: 58-unit Avondale Hollywood and 36-unit Sunset Formosa. The deals netted the company $11 million in profit.
Indianapolis: Full Speed Ahead
Demand for apartments continues to be strong, thanks to the locale’s relative affordability. The city’s high-quality education system and skilled workforce attract residents and employers, propelling economic growth.
Interra Closes on Chicago Multifamily Deal
The 43-unit property located in Rogers Park changed hands for $3.9 million. In addition to the residential units, the building offers 1,200 square feet of office space.
Aspen Heights Invests in Student Housing
The student housing portfolio encompasses more than 3,000 beds across the country. Aspen’s Demi Sterling-Kinney will oversee the third-party property management division.
Kidder Mathews Arranges San Diego Community Sale
Landon Family Trust purchased the five-unit property in Ocean Beach for $1.6 million from The Frederick W. and Leone P. Jackson Trust.
MacQuesten to Develop $110M Mixed-Use Property in NY
The firm’s plan is to build a 27-story property encompassing 282 residential units, 9,500 square feet of retail space and a four-story parking garage, with an option for an additional optional 50,000 square feet of office space. The project is part of the city of New Rochelle’s massive redevelopment plan.
Midtown Detroit Gets New Mixed-Income Community
Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.
Renovating the Right Way
Do you know what steps should be taken to figure out which upgrades work best for your property? Jay Madary, president & CEO of JVM Realty Corp., offers advice and best practices.
HFO Sets Record With OR Sale
The $40.5 million sale establishes a new record as the largest dollar figure in history for a Springfield multifamily property transaction.
Shorenstein Nabs Manhattan Luxury Community for $57M
HFF brokered the sale and arranged $31 million in financing for the 54-unit, recently renovated apartment building located in Manhattan’s East Village neighborhood.