MG Properties has acquired NOVO Broadway Apartments in Tempe, Arizona, for $100.25 million. The residential property, previously named Parc Broadway, is known for its modern architecture and amenities and the sense of community it offers its residents. The property is highly sought-after due to its proximity to local tech, healthcare, and manufacturing companies. Jeff Gleiberman, MG Properties President, said the apartment complex, which suits the company's long-term investment strategy, will benefit from regional employment growth.

Prominent real estate firm, Encore on the Rise, has purchased the contemporary residential complex, Encore Rise, in Conroe, Texas for $47.1 million. The luxury property offers 1, 2 and 3 bedroom apartments featuring lavish amenities like a state-of-the-art kitchen, a fitness center, and a pool. It also includes an outdoor entertainment area, a communal hammock lounge, and a dedicated dog park. The acquisition, a strategic move to enhance its portfolio, represents a significant step for Encore on the Rise towards influencing modern, suburban multifamily living in Texas.

Mill Creek Residential, a pioneering figure in multifamily real estate, has announced preleasing at Modera EaDo, a Green Building-certified luxury apartment community within the rapidly developing East Domain in Austin, Texas. The community offers 377 units in a wrap-style layout, boasting proximity to vibrant dining, retail, entertainment, and Austin's employment districts. The development aligns with the area's transition from industrial to mixed-use and benefits from the presence of tech giants like IBM and Amazon. Alongside premier amenities, the development emphasizes sustainability in line with Austin Energy's Green Building standards.

Wood Partners, a leading developer in multifamily real estate, has announced the launch of Alta French Hill in Marlborough, Mass. Set to open for pre-leasing in 2024, the community is strategically located in an area offering residents access to varied lifestyle amenities. The development aims to balance convenience and luxury with a mix of residential and retail spaces. Further addressing Massachusetts' housing shortage, Alta French Hill will feature 276 apartment homes, including 28 affordable units. This scheme exemplifies the future of multifamily real estate, blending modern amenities, work proximity, urban conveniences, and sustainable living.

Introducing The Jagger, a high-tech and luxuriously modern addition to the LA multifamily housing market. Situated between Culver City and West LA, The Jagger embodies the future of multifamily housing. Featuring advanced smart home technology, natural lighting integration, diverse floor plans, and stunning views from its rooftop deck, the property sets a new benchmark in sophisticated urban living. Amenities include in-unit washers and dryers, smart thermostats, air conditioning, and electric vehicle charging stations. The REMM Group manages the property with a resident-centric approach, focusing on both personalized service and self-sufficiency.

Mill Creek Residential has launched construction on Modera Revere Beach, an ambitious project set on America's oldest public beach. This multifamily real estate development will feature 357 apartments, offering a contemporary living experience with panoramic sea views. Two residential buildings will be strategically situated near greater Boston's metropolitan area and Revere Beach's commercial center, attracting modern renters who prefer a balance of urban living and beachfront tranquility. The community, expected to accept residents by fall 2025, aims to achieve LEED Silver certification.

Wood Partners, in collaboration with PGIM Real Estate, has unveiled its latest residential development, Alta Town Center, in the rapidly evolving cityscape of Northeast Raleigh, North Carolina. The location offers unimpeded access to major thoroughfares, numerous retail options, and represents a radical shift in multifamily real estate development. The complex boasts 336 units with one-, two- and three-bedroom floor plans filled with quality amenities including granite countertops, stainless-steel appliances, and in-unit washer and dryers. Additionally, the community features resplendent pools, fitness centers, coworking spaces, and pet parks.

Toll Brothers and The Davis Companies have partnered to develop a new student housing community next to the University of Central Florida. Called 'The Aperture', the project features two five-story buildings with 680 beds in 204 units. The luxury accommodation will include an athleisure fitness arena, an e-sports gaming center, a tech lounge, and a content creation studio. The project, supported by TD Bank, represents the eighth joint venture development worth over $625 million, and is set to revolutionize student accommodation beginning in 2025.