Keith Construction Inc.

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    Northland Investment Corp. paid $52.9 million for the newly constructed property. Located at 23700 Viento Drive, The Village at Terra Bella consists of 14 three-story buildings and an 11,000-square-foot clubhouse with sports lounge.

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    The 148-unit building will be located in the Greektown neighborhood of Chicago’s West Loop. Additionally, the property will offer 7,500 square feet of retail space.

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  • Top 10 Multifamily Adaptive Reuse Projects

    Space conversion has become an increasingly popular trend, providing untapped opportunity for both investors and developers, in addition to neighborhood revitalization. Based on Yardi Matrix data, the list below includes the largest residential properties in the U.S. that went through adaptive reuses without losing their historical value.

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    SL Systems LLC purchased the asset and plans to renovate the exterior and upgrade the unit interiors. The community was 95.7 percent occupied as of September.

    07 November 2017 14:34
  • PB Bell, Gilbane Start Work on Phoenix Project

    The joint venture broke ground on resort-style apartments in the Ocotillo master-planned community in Chandler, Ariz. Arista at Ocotillo will feature 211 units and reflects the Santa Barbara style of design.

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  • Submetering Savings, Step by Step

    How Becker + Becker’s development team overcame technical hurdles to cut water use in half at its 32-story residential tower in New Haven, Conn.

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  • Who’s Paying the Highest Property Taxes in the US

    The fact that Manhattan dominates the rankings doesn't come as a shock, but the difference in numbers might. The list compiled by COMMERCIALCafé is quite the mixed bag.

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  • 2017 NAA Education Conference Coverage

    The National Apartment Association gathered its members in Atlanta to network and learn at the Education Conference & Exposition. Take a look at our 2017 coverage below.

    30 June 2017 18:54
  • ARA Newmark Brokers 882-Unit Atlanta Community Sale

    Managing Director Chad DeFoor represented the sellers of the three-building portfolio, affiliates of Oz Real Estate and CF Real Estate Services. The buyer was Balfour Beatty Communities.

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    Michelangelo Apartments, a 494-unit affordable building, is a 43-year-old Mitchell-Lama community that will be renovated and preserved as affordable for another 40 years as a result of the deal.

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