property type: Multifamily
Berkshire Purchases Maryland Apartment Complex
February 23, 2005 Berkshire Income Realty purchased Westchester West Apartments in Silver Spring, Md., from BRI Westchester Limited Partnership for $39 million. The property is a 345-unit multifamily community that is close to several major highways.
Prices Skyrocket for Apartments in Harlem, N.Y.
February 23, 2005 New York Daily NewsApartment prices in Harlem, N.Y., and other uptown neighborhoods have skyrocketed. Prices are up a staggering 333.7 percent in the past decade and have gained 36.9 percent in the past year along, according to ...
Residential Projects Planned for Boston’s Back Bay
February 23, 2005 Boston HeraldBoston's Back Bay neighborhood will soon be bustling with residential development. Boston Properties, the owner of the Prudential Center, plans to add a residential project on the Exeter Street side of the Pru campus. And hospitality-executive-turned ...
Fifteen Group Names Steven Abney CFO
February 23, 2005 Steven Abney has joined Fifteen Group, a Miami investment firm that specializes in owning apartment properties, as chief financial officer. Abney joins Fifteen from CRT Properties Inc., where he was vice president of finance and chief accounting ...
Buchanan Street JV Buys Las Vegas Apartment Complex
February 23, 2005 Buchanan Street Partners and Atherton Newport Investments have completed their joint venture acquisition of Kimberly Place Apartments in Las Vegas for $20.3 million.Levy & Associates purchased the property in 2004 for $14.5 million. The four building, 346-unit ...
Mid-America Pays $47Mln for 2 Atlanta Apartments
February 22, 2005 Mid-America Apartment Communities Inc. (NYSE:MAA) has paid $47 million for a pair of neighboring apartment properties in Atlanta.The properties have a total of 657 units. They were built in 1998 and 2000, respectively and sit along Lake ...
Related Capital Invests In New Orleans Apartments
February 22, 2005 Related Capital Co., a unit of CharterMac (Amex:CHC), has provided $15 million of equity for Savoy Place Apartments, a 318-unit apartment complex in New Orleans.Michael's Development Co. of Marlton, N.J., is constructing the property as an affordable-housing ...
Hotel/Apartment Complex Slated for Kansas City
February 22, 2005 The Business Journal of Kansas CityERC Construction Group has started development on Value Place, a $4 million hotel-apartment, the first in the Kansas City area. New River Holdings is the franchisee for the 120-unit project, scheduled to ...
Condos Planned for Old Westinghouse Building
February 22, 2005 Kansas City Star2120 Wyandotte Developers filed an application to renovate Kansas City's Old Westinghouse Electrical & Manufacturing Co., building into 23 upscale condominiums. Upon completion, the building will be the first for-sale residential development in the Freight ...
$100Mln Luxury Condo Project Planned for Saratoga Springs, N.Y.
February 22, 2005 The Business Review (Albany) A local real estate venture called Ballston Avenue Development LLC plans to build a $100 million residential condominium project in Saratoga Springs, N.Y. The project, called The Schuyler at Saratoga, would consist of ...
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