$42.15 million apartment asset trades hands in Tampa
Institutional Property Advisors (IPA), a division of Marcus & Millichap announces the sale of Hanley Place, a 400-unit multifamily community located in Tampa, Florida. The $42.15 million sales price equates to $105,375 per unit. “Hanley...
Grubb Properties to join program bringing affordable housing to Chapel Hill
Grubb Properties will dedicate units at Glen Lennox Apartments in Chapel Hill, N.C. to be part of an innovative, community-based coalition bringing more affordable housing to the town. In partnership with the Chapel Hill-Carrboro Chamber...
Ecore whitepaper explores the most important piece of athletic equipment – the floor –...
Growing demand for access to modern fitness facilities is driving developers to include them in more multi-use buildings, where they often share an address – and walls – with neighboring offices, residential units or...
The NHP Foundation appoints Glynna Christian trustee Orrick Global Technology Transactions co-head joins organization
The NHP Foundation (NHPF) is pleased to announce that it has appointed Glynna Christian to the NHPF Board of Trustees. As Co-Head of the Global Technology Transactions practice at Orrick, Glynna brings to the Board of Trustees...
The front line in affordable housing
In 2012, Congress authorized RAD which allows PHAs and owners of other properties financed by the Department of Housing and Urban Development (HUD) to convert units from their original sources of HUD financing to...
Resource Apartment REIT III, Inc. purchases Tramore Village
On March 22, Resource Apartment REIT III, Inc., through a wholly owned subsidiary, completed the purchase of Tramore Village in Austell, Georgia. Built in 1999, the 324-unit community features numerous amenities, including two swimming...
Virginia multifamily asset in Hampton Roads sells for $24.5 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Meadowview Townhomes, a 400-unit multifamily asset in Newport News, Virginia....
Alliance Residential Company breaks ground on Broadstone Bryant Park
Alliance Residential Company, one of the largest multifamily developers in the country, has broken ground on Broadstone Bryant Park, a 345-unit luxury apartment community just west of Uptown Charlotte in booming FreeMoreWest. The project anchors...
Perseus TDC begins construction on 200 Stovall redevelopment
Perseus TDC and its partner Four Points LLC today announce construction has begun on the conversion of 200 Stovall St. in Alexandria, Virginia. ELV Associates, a Boston-based investment manager with a local D.C. office,...
WINLYND purchases apartment portfolio in Florida’s Panhandle for nearly $36 million
WINLYND LLC has acquired 1,031 apartments out of foreclosure located in Florida’s Panhandle for $35.68 million. The lender, Bank of Oklahoma, held six separate auctions. WINLYND won three of them and acquired a fourth...
UIP opens 100-unit renovated apartment community in former Washington, DC WAMU HQ
Urban Investment Partners (UIP) of Washington DC has unveiled Frequency Apartments, a 100-unit luxury apartment community located in a former northwest Washington, DC office building that housed National Public Radio affiliate WAMU. UIP acquired the...
Tampa Metro area ranks number one in Florida in Site Selection Magazine’s 2017 Top...
Site Selection Magazine’s recently unveiled Top Metros of 2017 positions the Tampa Metro area as number one in the state of Florida, placing higher than the competing cities of Miami and Orlando, and number...
Extensive café renovation in historic Regions Bank building in Montgomery, AL
Amidst Montgomery, Alabama's reemergence, Vintage Hospitality Group recently brought Vintage Café to the Old Cloverdale neighborhood in the former Regions Bank building. Built in 1955, the two story former Regions and First National Bank building,...
New research confirms apartments outperform across time, geography and market conditions
Apartments outperform other commercial real estate property types, on both a risk-adjusted and unadjusted basis, regardless of holding period, geographic region, metro size, and growth rate according to new research from the National Multifamily...
Daniele Yeonas has been recognized among the top in her industry by Noticed
Daniele Yeonas, REALTOR®, Lex Lianos & Associates Team of Weichert, REALTORS®, has joined Noticed©, an invitation-only service for distinguished professionals. Yeonas has been chosen as a Distinguished Real Estate Professional™ based on peer reviews...
