Middleburg Communities Acquires Land to Develop 310-Unit The Brook Apartment and Townhome Community in North Richmond

VIENNA, VA – Middleburg Communities announced it has closed on a 13.48-acre land parcel at 9002 Brook Road in Glen Allen, Virginia. Middleburg plans to develop a 310-unit, class-A apartment and rental townhome community on the site (“The Brook”), marking one of only a select few market-rate developments to be built in the area in […]

El-Ad National Properties Unveils Plans for The District in Davie, a Vibrant 2.8 Million-Square-Foot Rental Residential Apartment, Dining and Retail Project at the Gateway to Davie, Florida

DAVIE, Fla., April 25, 2023 — Award-winning developer El-Ad National Properties, an Elad Group company with a South Florida-based team, is bringing its expertise and exceptional reputation to Davie, Florida with its upscale 2.8 million-square-foot mixed use rental residential apartment and commercial project named The District in Davie. This is the largest multi-family project in Davie’s history. Situated in a premier location convenient to Fort […]

VF Developments Completes Renovations and Refinances a Multifamily Community in the Chinatown area of Los Angeles, California

LOS ANGELES, April 24, 2023 — VF Developments, LLC, a minority and female-owned and run company, has reintroduced “900 West College” a 1969 built modern style 10-unit multifamily community to the highly desirable Chinatown area in downtown Los Angeles, California after completing major renovations. VF Developments, LLC also recently refinanced with a top 20 national bank the acquisition […]

Hamilton Zanze Sells Multifamily Community in Dallas Metro

DALLAS, April 20, 2023 — San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of 4000 Hulen Apartments in Fort Worth, Texas. The firm purchased the property in 2017 and the sale closed on April 18, 2023. The sale of 4000 Hulen Apartments represents the firms fourth disposition of 2023. “The Dallas/Fort Worth metro continues to thrive with […]

District of Columbia Housing Finance Agency Provides Financing for Construction of 86 New Affordable Apartments in Garfield Heights

WASHINGTON, DC – The District of Columbia Housing Finance Agency (DCHFA) has issued $23.1 million in tax exempt bonds for the construction of Alabama Avenue Apartments in Ward 8. The Agency underwrote $22 million in federal and local Low Income Housing Tax Credit equity for the development of this 100 percent affordable community. “As construction […]

The Cordish Companies Celebrates Topping Out of $140 Million Three Light Luxury Apartments in Kansas City Power & Light District

KANSAS CITY, MO – As it nears completion, Three Light Luxury Apartments in the Power & Light District celebrated the pouring of the building’s last column with a ceremonial Topping Out event held near the project site in the heart of downtown Kansas City. Executives from The Cordish Companies and the Power & Light District […]

Olympus Property Acquires Third Multifamily Community in Fayetteville with 252-Unit King’s Quarter at Jack Britt Garden Style Apartments

FAYETTEVILLE, NC – Olympus Property announced the acquisition of King’s Quarter at Jack Britt in Fayetteville, North Carolina. Established in 1992 with a steadfast vision of becoming an industry leader, Olympus Property boasts a wealth of experience and a hands-on approach throughout the investment process. The company continues to grow its presence in the multifamily […]

Toll Brothers Apartment Living and Harris Realty Announce Joint Venture to Develop 393-Unit Luxury Rental Community in Norwalk

NORWALK, CT – Toll Brothers, the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Harris Realty Company have announced a new joint venture to develop Piper, a six-story, 393-unit multifamily rental community in Norwalk, Conn. The project is being financed through a $136 million construction loan facility from […]

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 […]