Transwestern Development Breaks Ground on 333-Unit Mixed Housing Community on The Arizona State University Tempe Campus
TEMPE, AZ – Transwestern Development Company broke ground on a 333-unit multifamily community at Tempe’s Novus Innovation Corridor on the Arizona State University Tempe campus. TDC, along with equity partners Griffin Capital and University Realty, will begin construction this month on the seven-story building located on 2.36 acres at the southeast corner of 6th Street and Rural Road. “We are […]
37th Parallel Properties Surpasses $1 Billion in Transactions, Adds to Houston Presence with 291-Unit Community Acquisition
RICHMOND, Va., Jan. 25, 2023 — 37th Parallel Properties (“37th Parallel”) today announced 2022 transaction volume of $300 million, bringing their historical transaction totals to 10,000 units representing over $1 billion in value. The firm’s most recent transaction was Grand Reserve, a 291-unit, 2013-built community in Katy, one of the strongest submarkets in Houston. The asset was acquired off-market by 37th Parallel on behalf […]
Wood Partners Breaks Ground on Nature Inspired Community in Aurora, Colorado: Alta Addison
AURORA, Colo., Jan. 24, 2023 — Wood Partners, a national leader in multifamily real estate development, announced today the groundbreaking of a new project in Aurora, Colorado under the working name Alta Addison. With construction currently underway, the community is set to start pre-leasing at the end of 2023 and open in early 2024. Located adjacent to E-470 at […]
Cantor Fitzgerald Announces the Sale of Rivertop Apartments in Nashville, Tennessee
NEW YORK, Jan. 19, 2023 — Cantor Fitzgerald, L.P. (“Cantor Fitzgerald”1) announced the sale of Rivertop Apartments in Nashville, Tennessee. The sale was facilitated on behalf of investors in Rivertop Apartments, resulting in a total return of 137% of their aggregate original investment and an internal rate of return of 12% over the approximately three-year hold period.2 Completed […]
Multifamily Leadership Announces Launch of Multifamily Innovation® Awards
January 24, 2023 – Scottsdale, Arizona – Multifamily Leadership launches the Multifamily Innovation® Awards, a national industry awards program recognizing excellence in technology and innovation in the Multifamily apartment industry. The awards will be presented at the annual Multifamily Innovation® Summit, which also recognizes the Best Places to Work Multifamily® companies. Multifamily Leadership is entering […]
Harbor Group International Acquires 932-Unit The Pavilions Apartment Community Located in Popular Hartford Submarket of Manchester
MANCHESTER, CT – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of The Pavilions, a 932-unit, garden-style multifamily community in Manchester, Conn., a Hartford suburb. The property was acquired through a joint venture partnership between HGI and Cammeby’s International Group. HGI and Cammeby’s will assume all loan obligations […]