The Oklahoman McKinley Properties has sold two apartment complexes totaling 475 units in Oklahoma City, Okla., for a combined $13.5 million. A California investor bought the properties: Potomac House, at 2830 SW 59, with 288 apartments, and Meridian Ridge Apartments, ...
A private venture managed by WLA Investments has paid $9.1 million for the Bahia Jewell Apartments, a 45-unit residential property in the San Diego suburb of Pacific Beach, Calif. The Cruz Family Trust, which marketed the building through Hendricks & ...
Detroit News A venture between General Motors Corp. and Hines will construct luxury condominiums along Detroit's riverfront. GM will give Hines six acres just east of the automaker's headquarters in downtown Detroit in exchange for a cut of the development's ...
Real Deal Dermot Co. has acquired 10 multifamily buildings in Manhattan for $46 million in three separate transactions. The properties are in the Linwood, Washington Heights and Harlem neighborhoods. Besen & Associates, Friedman-Roth Realty Corp. and GFI realty Services brokered ...
New York Observer Archstone-Smith acquired a 261-unit apartment building at 303 East 83rd St. in Manhattan for $169 million. Archstone, an Englewood, Colo., multifamily REIT, closed its purchase of the building weeks before it agreed to be acquired by Tishman Speyer ...
Philadelphia Inquirer A local partnership plans to develop a $100 million apartment complex at the former Pennsauken Mart retail site in Pennsauken, N.J. The partnership, Renaissance Partners LLC of Gibbsboro, N.J., is under agreement to acquire the 31-acre site in ...
NTS Realty Holdings LP has agreed to pay $32.3 million for Creek's Edge at Stony Point, a 202-unit apartment property in Richmond, Va. The Louisville, Ky., partnership is buying the property from CG Stony Point, a Virginia investor group. The ...
Rocky Mountain News Great Gulf Group, a Toronto firm, is building a 51-story, $165 million apartment complex in downtown Denver. The 570,000-square-foot building will have 145 units priced from $600/sf to $650/sf. It will also include a roof-top garden with ...
Baltimore Sun The University of Baltimore and Bozzuto Development Co. have partnered to construct a $75 million luxury apartment project at West Mount Royal Avenue and W. Oliver Street. The project, dubbed Fitzgerald, will have 280 market-rate units and 14,000 ...
Houston Business Journal NNN Apartment REIT of Santa Ana, Calif., has purchased Park at Northgate, a 248-unit multifamily complex in Houston. North Spring Park LLC sold the property for an undisclosed amount. The 16-acre property consists of two 19-story towers ...
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