Third and Pierce Development

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  • JLL Brokers Downtown Phoenix Land Sale

    Due to rising rents, as well as employment and population growth that keep demand high, Clark Street Holdings acquired 1.3 acres on which it plans to develop a residential high-rise property.

    Phoenix 06 April 2017 14:00

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    Residential construction was up 0.5 percent and non-residential construction was down 0.3 percent, leading total construction to remain flat for the month, according to the U.S. Census Bureau. Compared to May 2016, however, all major nonresidential construction categories enjoyed increased spending.

    05 July 2017 13:35
  • MJW Property Buys SoCal Asset for $44M

    Berkadia completed the sale of the 230-unit community in Menifee, Calif., at a sub-4.4 percent cap rate. The asset had an occupancy rate of 95.7 percent last month.

    28 April 2017 08:12
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    The portfolio features 1,384 units located in Los Angeles, Calif., and in Laurel, Md. Bellwether Enterprise facilitated the loans.

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  • Meridian Secures $32M for Far North Dallas Community

    Azure Partners is set to acquire a 267-unit community in Fairview, Texas, completed last year. Meridian’s Abe Hirsch and Moshe Majeski secured the five-year, fixed-rate loan.

    05 July 2017 18:35
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    The apartment community is located in Atlanta's busy Poncey-Highland neighborhood and features 20,000 square feet of ground-floor retail. The company plans to add more units and an office, on the adjacent land parcel.

    06 October 2017 11:59
  • CAPREIT Snags $48M Memphis Property

    The company plans to renovate 1,002-unit Madison Cypress Lakes community, including exterior upgrades and a new clubhouse.

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    Boasting the third tallest skyline in the U.S., the city features 225 multifamily towers rising more than 10 stories high. Here are the tallest ones, including several still under construction.

    27 June 2017 14:37
  • New Nashville Community Honors Country Icon

    LMC's Morris Apartments is a luxury mixed-use community with 344 apartment homes and 6,000 square feet of ground-floor retail. The development is located on the historic Music Row, at what was once a legendary country music manager's office.

    09 May 2017 15:56
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