Friday, February 21, 2025

News

Avelle

Mountain View Celebrates the Grand Opening of Luxury Apartment Community Avelle

Sares Regis Group of Northern California (SRGNC) and Stockbridge Capital Group are proud to announce the grand opening of Avelle, a premier luxury apartment community at the gateway to Mountain View featuring 203 meticulously...
Copper Point Apartments

Continental Realty Group Acquires 107-Unit Copper Point Apartments Complex for $24.6M

Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. ("CRA"), a Denver-based multifamily owner and operator, is pleased to announce the purchase of the 107-unit Copper Point Apartments in Mesa, Arizona for $24,650,000. Built...
The Crawford

Safehold Closes Ground Lease for Sacramento Affordable Housing Development The Crawford

Safehold Inc., the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the ground-up development of The Crawford, an affordable housing community in the Roseville area...
Passero

New Santa Clara Community Passero Now Pre-Leasing

Greystar, a global leader in the investment, development, and management of real estate, announced that Passero, a new apartment community in Santa Clara, is now pre-leasing. Each building features an abundance of amenities, including: a...
Red Stone Equity

Red Stone Equity Partners Raises $1.43B of Equity in 2024

Red Stone Equity Partners LLC, a privately-owned real estate finance and investment company specializing in affordable multifamily fund management, announced that 2024 marked the most productive year in the Company's history as it surpassed...
Summit Court

JLL Facilitates $131.5M Sale Arranged for Luxury Apartment Community Summit Court Near Newark

JLL Capital Markets announced that it has arranged the $131.5 million sale of Summit Court, a 393-unit luxury apartment community located in Union, New Jersey. JLL represented the seller, a joint venture between Fidelco Realty...
multifamily starts and multifamily completions

Multifamily starts lower despite steady permits

Recent reports on new residential construction from the Census Bureau have been up and down in the number of multifamily starts reported. Last month’s report was up and this month’s report was down. This...
Villas at Bella Vista

Slatt Arranges Financing for Newly Delivered BTR Development Villas at Bella Vista in San...

Slatt Capital, Inc., a prominent commercial mortgage banking firm, arranged financing for the Villas at Bella Vista, a 43-unit Build-to-Rent (BTR) townhome project recently constructed in San Antonio, Texas. The $11.2-million bridge loan was...
Sundance Apartments

CPP Announces Acquisition of Sundance Apartments in Bakersfield California

CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, in partnership with Bettencourt Properties and The Beneficial Housing Foundation, has announced the acquisition and planned renovation of Sundance Apartments, an affordable housing complex...
Axis Camelback

Sherman Residential Acquires Axis Camelback Rental Community in Phoenix

Sherman Residential spent $72 million to acquire a 237-unit Class A Phoenix multifamily property, which was sold by Pacific Development. Originally built in 2018 at 4949 N. 7th Street, Phoenix, Vela on Camelback has...
Goldwater Boulevard

Wood Partners Announces Proposal for Mixed-Use Development on Goldwater Boulevard in Scottsdale

Wood Partners is proposing a new retail and residential mixed-use development on 6.14 acres at Goldwater Boulevard and Indian School Road in Old Town Scottsdale, Arizona. Reports state that existing buildings on site will be...
Park 12

MG Properties Acquires Mixed-Use High-Rise Park 12 Apartments in Downtown San Diego

Locally based MG Properties completed the acquisition of Park 12 Apartments, a 35-story high-rise in downtown San Diego with 43,000 square feet of retail. The $309-million purchase price makes this the largest apartment acquisition...
SKYE of Turtle Creek

Knightvest Capital Continues Dallas Expansion with Latest Acquisition of Prominent Uptown Community SKYE of...

Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the SKYE of Turtle Creek ("Skye") community in Dallas, Texas. Built in 1998, the 331-unit high-rise is located in the prolific submarket of...
Stack at Wheat Ridge

Thompson Thrift to Develop New 255-Unit Luxury Multifamily Community Stack at Wheat Ridge Near...

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced that it will develop Stack at Wheat Ridge, a 255-unit Class A multifamily community in the...
Cambrian Forest

Marcus & Millichap Facilitates $5.5M Sale of 72-Unit Multifamily Property Cambrian Forest in Greenville...

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Cambrian Forest, a 72-unit multifamily property, along with an adjacent 17-acre...
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