Wednesday, September 18, 2024

Atlantic region

Atlantic region includes: Delaware, Florida, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia, West Virginia and Washington D.C.

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...

UIP-led venture acquires 100-unit apartment building in Washington, DC

A venture led by Urban Investment Partners (UIP) of Washington DC has acquired 3333 Wisconsin Avenue NW, a 100-unit apartment building in the prestigious Cathedral Heights neighborhood of Washington, DC. The venture closed on...

Jobs, population growth and building costs fuel apartments

Despite an abundance of new product, interest rate hikes and heightened competition, investors’ collective appetite for buying multifamily rental projects region-wide appears to be undiminished. In the past two months alone, a half-dozen projects throughout...

$29.2 million buys two West Virginia multifamily assets

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of two multifamily assets with a total of 409 units in...

George Berkow Inc. and Novare Group break ground on 32-acre Town Center Project in...

George Berkow Inc., Novare Group and Batson-Cook Development Company (BCDC) have officially broken ground on the residential component of a  $200 million mixed-use, town center development in Lawrenceville, Ga. Called “SouthLawn,” it will add more than 600 residences, more...

Capital Square 1031 takes DST offering full-cycle in record time, resulting in over 141...

Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust offerings, announced today the sale of Bridgeview Apartments, a 348-unit multifamily community in Tampa, Florida. The property was...

Wood Partners opens new luxury apartment community in Orlando

Wood Partners, a national leader in multifamily real estate development and acquisition, announced today that Alta Grande is officially open. Located at 3512 Grande Reserve Way in Orlando, Alta Grande is the newest luxury apartment...

HUD approves US Virgin Islands’ $243 million disaster recovery plan

U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced he is approving a disaster recovery plan to help citizens in the U.S. Virgin Islands to recover from Hurricanes Irma and...

West End Alexandria live-work-play community is within walking distance of parks, shops and Van...

Novare Group and Mulberry Development Group have broken ground on Cameron Park, a 302-unit class-A mid-rise apartment project adjacent to the award-winning Cameron Station community and the Van Dorn Metro Station. The transit-oriented development will...

Carlisle Residential Properties appoints chief marketing officer

Carlisle Residential Properties, a leading apartment management and investment company throughout the Carolinas, announced today that it has hired Kevin Thompson as Chief Marketing Officer (CMO). Thompson, who joins the Company effective August 1st, will...

Passco Companies acquires 380-unit class a multifamily community in Jacksonville, Florida for $70 million

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 Point at Tamaya, a 2017-built, Class A+, 380-unit...

Trez Forman Capital Group continues Carolinas push with $42 million construction loan

Trez Forman Capital Group has closed a $42 million construction loan for a large-scale residential development in the Charlotte, N.C. suburb of Huntersville. The borrower plans to develop a Class A, 20-building community with...

HUD approves $616 million Florida disaster recovery plan

U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced he is approving a disaster recovery plan to help Floridians recover from Hurricane Irma. In November, HUD allocated $616 million to the Sunshine...
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