Regions
Blackstone Finalizing Deal to Buy Kips Bay Court for $620M
The buyer in last year’s largest New York City multifamily transaction will also top this year’s charts when the deal closes.
Passco Buys Suburban Phoenix Community for $80M
The nearly 400 units are located in one of the metro area’s most desirable submarkets.
Vesper Holdings Hires Industry Veteran as COO
Campus Life & Style gained new management with the arrival of Jim Sholders.
Berkadia Expands in Philadelphia, Adds Managing Director
In his new role, Matt Stefanski will be responsible for expanding Berkadia’s investment sales platform in the Northeast.
Deluxe Bay Area Asset Commands $320M
Aimco spared no expense when building Indigo, a new 10-story luxury community in Redwood City, Calif.
On the Market: 5 Interesting CRE Listings for the Week of 8/15
This week’s selections include a Victorian-era building in downtown Bangor, Maine and an infill site near Arizona State University in Tempe, Ariz.
CIM Starts Building Downtown L.A. Tower
The project will deliver 525 units in the city’s popular South Park district.
Opus Launches Big Metro Denver Project
A luxury community marks the start of a 42-acre, 1.8 million-square-foot development in Centennial, Colo., that will encompass residential, retail, office and hotel components.
Surpass, McFarlin Bring 5 for Seniors to Phoenix
Branded Mariposa Point, the projects include senior housing, assisted living and memory care.
Top 10 NYC Multifamily Sales in June 2016
PropertyShark has compiled the data and we’ve got the priciest multifamily property deals recorded in New York City in June. Read on to find out how each borough performed: 1. Sales Price: $139,600,000 Known as The Hamilton, this Yorkville tower with 265 residential units transferred last month in an uncharacteristic move by high profile developer Glenwood Management. Crain’s New York reports that the new owner, Bonjour Capital, may invest an additional $20M in upgrading the lobby, gym, and other amenities, though union workers fear their wages may be cut in half by the new buyer. 2. 3418-3446 91…