MG Properties Expands Colorado Presence with $67.15M Castle Rock Multifamily Acquisition
SAN DIEGO, April 14, 2023 — MG Properties, a private San Diego-based real estate investor, owner, and operator, is further expanding its presence in Colorado, today announcing the acquisition of Ridge at Castle Rock Apartments. Formerly known as Springs at Castle Rock, MG Properties purchased the property from Continental Properties for $67,150,000. Offering one, two, and three bedroom apartments and […]
Wood Partners Enters Next Phase of Project with Groundbreaking of 270-Unit The Quill by Alta Apartment Community in Baltimore
BALTIMORE, MD – National multifamily real estate development leader Wood Partners announced the official groundbreaking of its newest luxury property, The Quill by Alta, in South Baltimore’s Federal Hill district. The forthcoming community serves as phase two of the already successful Alta Federal Hill project, which Wood Partners debuted in October 2021. With construction on […]
Mission Rock Residential Selected to Manage Phoenix Apartments
PHOENIX, April 11, 2023 — Mission Rock Residential, a national property management company, recently acquired a new management deal for the Ironwood at Happy Valley apartment community, formerly known as Springs at Deer Valley, in Phoenix, AZ. Mission Rock Residential was chosen by the property’s new owners, Hamilton Zanze Real Estate Investments, to provide management services. “The apartment homes at this community are […]
Mortenson and Pinnacle Partners Break Ground on Revival on Platte, a First-of-its-Kind Full Spectrum Advanced Prefabrication Multifamily Community in Denver
Opportunity Zone project will utilize Mortenson’s full develop/design/fabricate/build capabilities for 200-unit, eight-story community DENVER, April 10, 2023 — Mortenson, a top-20 U.S. builder, developer, and engineering services provider with four decades of experience in Colorado, alongside joint venture partner Pinnacle Partners, celebrated the groundbreaking of Revival on Platte in Denver’s Sun Valley neighborhood, a first-of-its-kind multifamily project that will showcase the […]
RADCO Residential Property Management Platform Tops 5,200 Units for Third Party Investors and Owned Properties
ATLANTA, April 10, 2023 — The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced their RADCO Residential management services platform is now managing over 5,200 residential apartments, comprised of properties for third-party owners as well as multiple assets within RADCO’s own portfolio. Led by COO Mike Brewer, RADCO Residential manages its own and client […]
Bonaventure Sponsored Private REIT Enters Tampa Bay Market and Acquires Three Multifamily Communities Totaling 601-Units
ALEXANDRIA, VA – Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, announced that its affiliated private REIT acquired three multifamily properties in separate UPREIT transactions. Bonaventure furthers its footprint in Virginia and expands into Florida with the strategic […]
BLVD Breaks Ground on Redevelopment of Affordable Waterfront Apartment Complex
NEWPORT NEWS, Va., April 4, 2023 — The BLVD Group (“BLVD”), is proud to announce the acquisition and renovation of Aqua Vista Apartments, a 150-unit affordable housing community located in Newport News, Virginia. Originally constructed in 1970, Aqua Vista is one of the most unique affordable housing properties in the country due to its waterfront location with […]
S&P Affirms A+ Credit Rating for National CORE
Financial Strength and Stability of the Organization Highlighted RANCHO CUCAMONGA, Calif., April 4, 2023 — For the second consecutive year, National Community Renaissance of California (National CORE), an award-winning affordable housing developer of cost-contained high-performance apartment homes, receives an A+ credit rating from Standard and Poor’s (S&P) Global Ratings, one of the foremost U.S. providers of credit ratings. […]
HOMMA Group Partners with Mitsubishi Corporation’s subsidiary, Diamond Realty Investments, to Create Ubiquitous Smart Homes with Built-in Intelligent Features for a Better and More Holistic Living Experience
Initial project will include 30 select units inside the Willamette Tower Development currently under construction in Portland, Oregon PALO ALTO, Calif., April 4, 2023 — HOMMA Group, Inc. (HOMMA), a hybridized technology developer, designer and builder of turnkey smart homes, today announced a partnership with Mitsubishi Corporation’s real estate investment subsidiary, Diamond Realty Investments, Inc. (DRI). HOMMA develops proprietary technology for […]
VF Developments Completes Renovations and Begins Lease-Up on 2000s Built Modern Style Multifamily Community in the Chinatown area of Los Angeles, California
LOS ANGELES, March 27, 2023 /PRNewswire/ — VF Developments, LLC, a minority and female owned and run company, has reintroduced “920 Everett” a 2000s built modern style six-unit multifamily community property to the highly desirable Victor Heights neighborhood in Los Angeles, California after completing major renovations. Victor Heights is a hillside area north of the city of Los Angeles and near Chinatown […]