Stonebridge acquires 346-unit Durham, NC apartment community for $42.7 million
StoneBridge Investments of Washington, DC has acquired Southpoint Glen, a 346-unit suburban garden apartment community in Durham, NC, for $42.7 million. The seller, TH Real Estate, an affiliate of Nuveen (the investment manager of...
Cushman & Wakefield arranges $79.5m sale for Watkins Real Estate Group
Cushman & Wakefield has arranged the $79.5 million sale of Trees of Newnan, a 500-unit apartment community located in Newnan, Georgia. Chris Spain, Robert Stickel and Alex Brown of Cushman & Wakefield represented the...
Miami apartment owners can seek punitive damages in Airbnb suit
Airbnb Inc. will face a punitive damages claim in a Florida state court suit alleging the home-sharing platform supports and encourages unauthorized short-term rentals, as the judge ruled that an owner of several Miami-area...
EDEN Multifamily completes construction of North Miami Beach apartment development
Leading developer EDEN Multifamily has completed construction of Lazul, an 8-story, 349-unit apartment building at 2145 Northeast 164th Street in the heart of North Miami Beach. EDEN has obtained a temporary certificate of occupancy...
Passco bolsters southeast portfolio with acquisition of 312-unit multifamily asset in Asheville, NC
Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development, and management of commercial properties throughout the U.S., has acquired Asheville Exchange, a 312-unit, Class A multifamily community in...
Timberland Partners announces purchase of Oak Hollow Apartments, Southaven, MS, 277 units
Minneapolis based Timberland Partners is pleased to announce the acquisition of Oak Hollow Apartments, located in Southaven, Mississippi, a suburb of Memphis, Tennessee. Founded in 1992, the company now owns and manages 68 apartment...
Stiles celebrates groundbreaking of the Main Las Olas signature mixed-use towers, announces first office...
Fort Lauderdale-based Stiles, along with partners Shorenstein Properties LLC, an owner and operator of high-quality office, residential and mixed-use properties across the U.S., and Broward College celebrated today the groundbreaking of The Main Las...
RETS Associates has expanded into the Southeast with the addition of a key new...
RETS Associates (RETS), a leading, national real estate recruiting firm, has expanded into the Southeast with the addition of a key new team member, Recruiting Director Erika Daniel.
Working out of Charlotte, North Carolina, Erika...
Two-property multifamily portfolio on Florida’s Atlantic Coast sells for $37 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a two-property, 384-unit multifamily portfolio in Daytona Beach, Florida. The...
Passco Companies acquires 305-unit, class A+ multifamily asset in high-growth Myrtle Beach, South Carolina...
Passco Companies, a privately-held California-based real estate company that specializes in the investment, acquisition, development, and management of commercial properties throughout the U.S., has acquired The Lively at Carolina Forest, a 305-unit, Class A+...
HUD and Puerto Rico ink $1.5 billion disaster recovery grant agreement
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico...
330-unit newly developed luxury multifamily asset purchased in Tampa Bay area
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Alexander at Countryside, a newly developed, 330-unit, luxury apartment complex...
American Realty Advisors acquires 329-unit luxury high-rise apartment community in Midtown Atlanta, Georgia
American Realty Advisors (“ARA”) an institutional fund manager with more than $8.7 billion in assets under management, has acquired Azure on the Park, a 329-unit, Class A, luxury high-rise apartment community in Midtown Atlanta,...
The Allen Morris Company, Juneau Construction Company ‘break ground’ on $130m Star Metals Residences...
On Thursday, Aug. 9, the customary ceremonial shovels were replaced with a 3,000-pound wrecking ball as The Allen Morris Company and Juneau Construction Company took part in a unique “ground-breaking” in West Midtown for the $130 Million residential...
$47.2 million buys seven-property Tennessee-Kentucky multifamily portfolio
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Tennessee-Kentucky Multifamily Portfolio, a seven-property apartment portfolio located in...
