Canyon Partners Real Estate and MG Properties have acquired Shift Apartments, a mixed-height multifamily community in the East Village neighborhood of Downtown San Diego. The property consists of a 21-story tower and a 5-story building totaling 368 residential units, 18,840 square feet of ground-floor retail, and a 501-space structured parking garage. Completed in 2018, units […]

Penzance closed a significant fourth-quarter acquisition program, purchasing approximately $200 million in multifamily and residential assets totaling about 1,100 units and more than 1.2 million square feet across Virginia and the Carolinas. The four-asset portfolio targets markets with employment drivers and constrained new supply, and includes stabilized communities acquired below replacement cost alongside a build-to-rent […]

Aventine Development and Seawood Builders marked the groundbreaking on Phase I of Arbor House in Palm Beach Gardens, a new luxury multifamily community designed to combine traditional design cues with modern, amenity-forward living. Phase I will deliver a 13-story tower with 302 units ranging from studios to three-bedroom apartments. The building includes an attached garage […]

MG Properties, a San Diego–based multifamily real estate investment firm, has acquired Dylan Point Loma Apartments, a multifamily community located in the Point Loma neighborhood of San Diego. Dylan Point Loma sits within one of San Diego’s coastal submarkets and provides residents with proximity to major employment centers, beaches, dining, and entertainment. The community offers […]

Bascom Northwest Ventures announced the sale of Tempo at Riverpark Apartments to a venture led by Hines for $105,000,000. The 235-unit, class A suburban community is located in Oxnard, California, less than a mile from the Pacific Ocean and within an hour’s drive of Downtown Los Angeles. Bascom Value Added Apartment Investors Fund IV, an […]

Lincoln Avenue Communities has broken ground on NSA East Bank Apartments, an adaptive-reuse project converting a decommissioned naval complex into 294 affordable apartments and 30,000 square feet of ground-floor retail in New Orleans’ Bywater neighborhood. The development will anchor a larger rehabilitation of the Naval Support Activity complex, which has been vacant since 2011, and […]