Allan Backhaus

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    The partnership acquired 77 buildings of the total 95 at the Newport News community. The acquisition is the fourth for Brick Lane in this area, and the first for Red Starr in the last five months.

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    Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.

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  • TIAA Grabs Newly Built Austin Asset

    Casey Development offloaded the 246-unit Tacara Steiner Ranch, which opened in February. Following the sale, Pinnacle assumed management of the luxury property.

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