by Kipp Gillian | Jul 5, 2022 | Multifamily
The over-600,000 square foot mixed-use project is adjacent to the Desert Mirage Marketplace and JW Marriott Desert Mirage Resort and Spa. The sales price for the 25 acre parcel was $172 million. Rood Investment is listed as a new owner. Scanlan Kemper Bard (SKB), who...
by Kipp Gillian | Jul 5, 2022 | Multifamily
Houston-based Three Pillars added to the 3,000+ units already under their ownership, with the 544-unit Del Mar property in the Edgebrook community of Houston. They did it with the help of a 1031 exchange. “A 1031 exchange allows investors to snowball their...
by Kipp Gillian | Jul 5, 2022 | Multifamily
Just last month the company opened Pradera Oaks, an 800 unit BTR community just south of Houston in Rosharon, TX. And the latest offering from Wan Bridge is being called Georgetown Heights, outside Austin. It doesn’t offer anywhere near the same amount of homes,...
by Kipp Gillian | Jul 5, 2022 | Multifamily
Marcus & Millichap has arranged the $3.5 million sale of 614-632 S. Bancroft St., a 12-unit multifamily property located just off Interstate 15 and Interstate 5 in San Diego. Graeme Henderson and Wyatt Darien in the firm’s San Diego Del Mar office represented the...
by Kipp Gillian | Jul 5, 2022 | Multifamily
Standard Communities has initiated a Class A+ multifamily project in downtown Savannah, GA. The project, called The Line, is capitalized at approximately $60 million. The Line will consist of 32 units in a converted building on East Liberty Street that was constructed...
by Kipp Gillian | Jul 5, 2022 | Multifamily
Atlanta, GA-based Cortland has acquired a portfolio of residential properties across seven states, bringing the firm’s total number of apartment homes to nearly 85,000. Eastdil Secured represented the seller across the portfolio. The portfolio includes several...
