Cincinnati Business Center BRG Realty Group LLC has broken ground on Parkway Trails, a 240-unit apartment property in Florence, Ky. The Cincinnati development and management company expects the project to be completed early next year. It's being built near the ...
Decron Properties has paid $96.2 million, or $346,043/unit, for Broadstone Rio Salado, a 278-unit apartment property in Tempe, Ariz. The Los Angeles investor purchased the complex from Alliance Residential Co. of New York. Broadstone Rio Salado, at 2325 East Rio ...
Hartford Business Journal Eagle Rock Properties has paid $31.5 million, or $169,355/unit, for the 186-unit Westgate Apartments in West Hartford, Conn. The Plainview, N.Y., investment manager bought the property from an undisclosed Denver real estate company that had purchased it ...
Charlotte Business Journal Bell Partners has paid $51 million, or about $196,154/unit, for Century Plantation Pointe, a 260-unit apartment property in the Charlotte, N.C., suburb of Mooresville, N.C. The seller was not disclosed. The Greensboro, N.C., company has renamed the ...
Griffis Residential has paid $155.7 million, or $444,857/unit, for the 350-unit Presidio View apartment property in San Diego's Mission Valley area. The Greenwood Village, Colo., investment manager, which specializes in the multifamily sector, bought the property from AEW Capital Management. ...
Dallas Morning News Wood Partners has proposed developing a 288-unit residential project in Little Elm, Texas, about 34 miles north of Dallas. The Atlanta developer is building the property off U.S. Highway 380. Construction will start this summer and wrap ...
Ridgebrook Investments has paid $30 million, or $256,410/unit, for Lake Jonathan Flats, a 117-unit apartment property in Chaska, Minn., about 25 miles west of Minneapolis. The Minneapolis investor purchased the property from Trident Development. JLL brokered the deal for the ...
Commercial Real Estate Direct Staff Report Equity Residential says it has been able to reduce the concessions it offers prospective tenants to rent units at its 304 properties, which have nearly 78,000 units and are in urban and high-density suburban ...
The Aberly Group has paid $54.8 million, or $154,802/unit, for the 354-unit Latitude 28 Apartments in Altamonte Springs, Fla., about 10 miles north of Orlando, Fla. The Lakewood, N.J., company bought the complex from Lighthouse Group of Pacific Palisades, Calif., ...
Commercial Observer Asia Capital Real Estate has provided $28.8 million of financing against Heinz at 950 North Shore, a 151-unit apartment property in Pittsburgh. A venture of MCM Co. and the Ferchill Group owns the complex, which was developed in ...
