154-unit apartment complex in S.F.’s Diamond Heights snapped up by out-of-state investor

A Boston investor snapped up the 402-unit Blu Harbor apartment complex in Redwood City for $325.62 million, or about $810,000 per apartment.  The sellers in the deal were Denver-based Pauls Corp. and New York-based Fortress Investment Group.  The p.....»»

An 80-unit apartment complex in Huntsville has sold for $11.76 million. Birmingham-based Red Street Investment Co. acquired the property for $147,000 per unit from Morrison Avenue Capital Partners. The complex features condo-style living with gr.....»»

Harbor Group International has purchased Luxe Scottsdale, a 218-unit Valley apartment community, for $65.6 million. HGI, based in Norflolk, Virginia, will contribute $418,000 to the property to modernize common area amenities, improve curb appeal, and ad.....»»

The Connor Group, a national real estate investment firm based in Miamisburg, has made a sale of a Georgia apartment complex for over $40 million. The group sold its Parkside at Town Center, a 234-unit luxury apartment complex in Marietta, Georgia,.....»»

A New York investor that bought a Northeast Tampa apartment complex in 2017 has sold it after making several improvements to the property. River View Apartments has been sold for $31 million or $104,729 per unit to River View Apartments LLC, whic.....»»

A 262-unit luxury apartment complex and a six-story, 162,000-square-foot office building are the latest developments planned for the Novus Innovation Corridor, one of Arizona State University’s “innovation zones” located on the north side of .....»»

While the price was not disclosed, the 277-unit property was last assessed for $22 million, according to the Bexar County Appraisal District......»»

The Arnold, a 346-unit apartment complex on Austin’s East Side, was recently sold by Transwestern Development Co. for an undisclosed amount......»»

Bell Kennesaw Mountain, formerly Mountain Park Estates, is the first multifamily acquisition in 2019 for Bell Partners Inc., and its ninth portfolio property in Georgia......»»

The price exceeded $500,000 a unit......»»

Apartment complex on Allegheny riverfront attracts Columbus multifamily investor with more than 21,000 units......»»

Oakland’s new 130-unit apartment community known as Baxter on Broadway was quietly scooped up in an off-market transaction to the tune of $81 million last month. Dr. Peter Wang and Grace Wang bought the property, 4901 Broadway, for about $623,000 p.....»»

The developer of a 143-unit apartment complex along Highway 169 in Eden Prairie has sold the property in a deal worth $25.5 million......»»

The price equated to $134,615 per unit......»»

An apartment complex in Alabama has sold for $20.5 million. Park West, a 278-unit apartment community located in Mobile, has sold for $73,741 per unit. Cushman & Wakefield has arranged the sale with Craig Hey and Andrew Brown representing the se.....»»

An Indiana-based developer plans a 276-unit luxury apartment complex in the Northland.   Watermark Residential, a subsidy of Terre Haute-based Thompson Thrift Development Inc., has acquired 23 acres of land for the project, the company announced Tuesd.....»»

California-based Passco Companies, has purchased The Reserve at Nocatee for $54.9 million. The 244-unit luxury apartment complex at 215 Hunters Lake Way was constructed in 2018. “When sourcing acquisitions, we have an extensive list of factors w.....»»

A multifamily complex in Mobile has sold for $27.95 million. Arlington Park, a 252-unit apartment community, sold to Saxony Capital Management out of Dallas. Craig Hey and Andrew Brown of Cushman & Wakefield represented the seller, PEM Real Estate.....»»

An investor is suing over allegedly defective air conditioning units in a Raleigh apartment complex – calling actions at the center of the case “despicable, willful, malicious, fraudulent, and oppressive.”.....»»

The third apartment complex built at Pearl is now complete. Southline Residences at 226 Newell Ave., named after being the southernmost point of Pearl, is the latest from Silver Ventures. Finishes throughout the 223-unit building’s amenities and resid.....»»