News

Construction is now complete on Elan Yorktown, a new luxury apartment community located at 50 Yorktown Center in Lombard, Illinois. Elan Yorktown is developed and owned by Greystar, a global leader in the investment,...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Lafayette, a 36-unit apartment property located in Mayo, Fla., according...

At RealWorld 2019, RealPage introduced its first application of artificial intelligence/machine learning (AI) to its product line. The function that they chose for this purpose is resident screening. Expanding the view RealPage says that traditional resident...

CBRE arranged the sale of the 644-unit multifamily community Denim Scottsdale on behalf of TruAmerica Multifamily to Bluerock Real Estate. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties...

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $1.86 million sale of a value add 11-unit apartment property located at 2121 Long Beach Blvd. in the...

TruAmerica Multifamily, which owns and operates nearly 2,000 multifamily units in Phoenix AZ, has acquired Covington Park, a 520-unit garden-style apartment community for $77.26 million. Built in 1999, Covington Park is located in Phoenix’ Northwest...

JLL announces that it has closed the $58 million sale and $37.7 million financing of Tupelo Alley, a mixed-use community with 188 apartments units and 10,000 square feet of retail in the heart of...

JLL announces it has closed the sale of Novel NoDa, a 344-unit, mid-rise apartment community in Charlotte, North Carolina. JLL marketed the property on behalf of the seller, Charlotte-based Crescent Communities, which also developed the...

Franklin Street has brokered the sale of The Park at Vittoria, a 208-unit luxury apartment community located at 5224 Long Road in the Rosemont submarket of Orlando, Fla. The new owners have since renamed...

Allied Orion Group welcomes Loyal Proffitt as President of the company’s property management operations. Loyal will be responsible for overseeing the daily operations of a property management portfolio of approximately 23,000 apartment homes nationwide;...

RealPage held its RealWorld user's group meeting in Orlando, Florida recently. In addition to sessions discussing RealPage's products, they also held sessions presenting information of interest to the industry in general. One such session...

JLL announced today that it has closed the $30.3 million sale of The Gardens at Nova, a 140-unit, value-add multihousing community in Broward County, a prime suburban growth market in South Florida. JLL marketed the...

On August 28, 2019, SVA Architects, Inc. will join Governor Ige and the development team of Kulana Hale to commemorate the Phase II groundbreaking of the affordable, mixed-use project. The three-acre, $130 million Kulana...

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of The Grand, a 24-unit apartment property located in Tampa, Fla.,...

The Wolff Company—a Scottsdale-based private equity firm and multifamily developer—today announced the grand opening of Revel Vegas – a new, refined senior community at 4940 S. Conquistador Street, Las Vegas, NV 89148, located just...