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    Providence Capital Group placed a non-contingent offer for the 140-unit community in Hemet, Calif., which traded for $15.5 million. Marcus & Millichap represented the seller and procured the buyer.

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    Getting apartment residents to think green can often be a heavy lift, since renters typically don’t have a direct financial stake in their homes. However, there are creative strategies to get residents engaged in energy conservation in a way that benefits them and their apartment community, according to these industry veterans.

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  • BBX Capital Completes 2 Buildings at Orlando Community

    Upon final completion, The Addison on Millenia will consist of 10 buildings offering a total of 292 units. The community is part of The Gardens on Millenia mixed-use development.

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    The temperature-controlled storage spaces are cooled to 35-44 degrees Fahrenheit, while the outdoor lockers are designed for multifamily properties that lack indoor common space.

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  • Market Pulse for August 2017

    Commentary and data were supplied by Michael Neal, a senior economist with the National Association of Home Builders (NAHB).

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  • Bronx Affordable Property Opens Doors

    Gouverneur Place Apartments, a 68-unit development, was constructed through a public-private partnership that included the state of New York and UnitedHealthcare.

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  • J.P. Morgan Buys $127M Denver Asset

    Forum Real Estate Group sold the 300-unit community through HFF. The high-end property is located near the Denver Tech Center.

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    Meridian Capital Group arranged the 10-year fixed-rate loans for the acquisition of two luxury properties encompassing 181 units.

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  • CA Senior Living Breaks Ground in AZ

    The $25 million Quail Park in Oro Valley includes 101 units, with a portion dedicated to assisted living, and the $32 million Quail Park at Morrison Ranch includes 83 assisted living units and 32 memory care suites.

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