Regions
Archstone Buys Washington State, California Properties
Archstone has acquired a 131-unit apartment complex in Kirkland, Wash. It sold for about $47.5 million and will be renamed Archstone Kirkland at Carillon Point.
Joint Venture to Acquire 360-Unit Property in Texas
Carroll Organization has partnered with Starwood Capital to acquire the 360-unit apartment community Carrington at Shadow Creek Ranch, a Class A project just eight miles from the Texas Medical Center.
TODAY'S DEALS: IPA Sells Sacramento-Area Asset for $48.3M
IPA brokers the sale of a 452-unit asset near Sacramento; EdR wins approval for a student housing revitalization at the University of Kentucky; and Eastern Consolidated procures a buyer in the $33.8 million sale of a property in Manhattan.
Decron Properties Spends $56M on Santa Clara Multifamily
By Gail Kalinoski, Contributing Editor Santa Clarita, Calif.—Continuing its recent focus on the multifamily market, Decron Properties has acquired The Madison at Town Center, a Class A, 264-apartment community in Santa Clarita, Calif., for $56.5 million. Decron, a Los-Angeles based real estate investment company, has now purchased 1,500 units in the past 18 months. The Madison was built in 2004 as a luxury, 341-unit apartment complex. A year later, it was converted to condominiums when Prado Town Center West LLC bought the property. Between 2006 and 2007, Prado sold 77 condo units. The remaining units have been used as rentals….
New Student Housing to Break Ground at University of North Texas
Developed by Fountain Residential Partners, 33 North is to be a luxury, five-story structure with commanding views of the University of North Texas campus just one block away.
Name Change a Success for Luxury Apartments
Real estate firm Alliance Residential has rebranded its luxury building Alta Hollywood as rubix hollywood to invoke the feel of a high-energy, urban lifestyle.
New Orleans Creamery Redeveloped Into Loft Apartments
The Gold Seal Lofts, which were completed about a month ago in New Orleans by developer Domain Cos., are now completely leased. Domain converted the historic former Gold Seal Creamery plant into 31 mixed-income apartments.
TODAY'S DEALS: TreeTop Development Acquires Four NYC Properties
TreeTop Development acquires four properties in New York; PREI, Greystar announce a luxury development in Charleston, S.C.; and Meridian negotiates a financing for five multifamily properties in New York City.
San Luis Obispo Welcomes Green Affordable Housing at The Village at Broad Street
The town of San Luis Obispo recently celebrated the grand opening of a new affordable housing complex known as The Village at Broad Street Family Apartments.
TODAY'S DEALS: Related California Breaks Ground on $350M Mixed-Use Asset
Related California begins a mixed-income development; Carroll Organization and Starwood Capital complete a Houston purchase; and NorthMarq arranges a $40 million Fannie Mae mortgage.