property type: Multifamily

Multi Housing News Sunroad Enterprises has acquired the 346-unit Pillar at Taviano at 875 West Pecos Road in Chandler, Ariz., for $84 million, or $242,774.57/unit. Sunroad, a San Diego developer, bought the property from PrivatePortfolio Group of Phoenix and funded ...

Crain's New York Business New York City Council continues to fight against proposals to build four apartment buildings that would have a total of some 3,000 units in Manhattan's Two Bridges neighborhood, south of the Lower East Side, near the ...

A Drucker + Falk affiliate has acquired the 240-unit Point at Hampton Hollow Apartments in Silver Spring, Md., for $49 million, or $204,167/unit. The three-story property, at 3408 Hampton Hollow Drive, was built in 1987 and last was owned by ...

Embrey Partners has sold the 300-unit Riata apartment complex in Chandler, Ariz., for $91 million, or $303,333/unit. The San Antonio developer sold the newly constructed property, at 100 North Hearthstone Way, to EPI LP, a Fullerton, Calif., family trust that ...

Jacksonville Business Journal Bridge Acquisitions has paid $57.7 million, or about $142,469/unit, for the 405-unit Westland Park Apartments in Jacksonville, Fla. DRA Advisors sold the propertywhich it had bought in 2012 as part of a larger portfolio. CBRE negotiated the latest ...

Charlotte Business Journal Elmington Capital Group has proposed building a 230-unit affordable-housing project in Charlotte, N.C. The four-building property is being planned for an 11.8-acre site at 1901 West Blvd. Units will be reserved for tenants earning between 30 percent ...

San Antonio Business Journal Place Development has broken ground on a 318-unit apartment community in San Antonio. The 26-building project is being built on a 44-acre site at the corner of Kyle Seale Parkway and Babcock Road. About half of ...

Dallas Morning News Banyan Residential has proposed building a 265-unit apartment property in Dallas' North Oak Cliff neighborhood. The Los Angeles developer is building the five-story property on North Beckley Avenue at Julian Street, near Methodist Dallas Medical Center and ...

Milwaukee Business Journal The Couture, a 322-unit apartment building with 42,000 square feet of ground-floor retail will begin construction in January after the U.S. Department of Housing and Urban Development approved a guarantee to back a $103.5 million loan for ...

Asia Capital Real Estate has provided $78.5 million of financing against the 288-unit City Club Detroit apartment property in downtown Detroit. The six-story complex, which is expected to open to tenants next month, is being developed by City Club Apartments ...