Monthly Archives: June 2022

Security Properties Completes $70 Million Acquisition of 180-Unit River Ridge Apartment Community if Portland Submarket of Tualatin

TUALATIN, OR – Security Properties purchased River Ridge, a Class A multifamily property located in Tualatin, OR for $70,000,000. Security Properties now owns 11 assets totaling over 2,800 units in the Greater Portland MSA. River Ridge was delivered in two phases from 2015 – 2017 and consists of 180 units spread out across 14 residential […]

Stoneweg Expands Reach With Acquisition of 316-Unit Old Jennings Development Site in Jacksonville Submarket of Middleburg, Florida

ST PETERSBURG, FL – Stoneweg U.S., a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Old Jennings, in Middleburg, FL which rolls up to the bustling Jacksonville MSA, and represents the Company’s third major project in its growing multifamily apartment development pipeline. Stoneweg US will utilize 15 acres to […]

W. A. Spencer Morris Named President of the Allen Morris Company

   W. Allen Morris will retain title as Chairman & CEO   Miami, Fla. (JUNE 29, 2022) – The Allen Morris Company (AMCO), one of the largest diversified real estate firms in the southeast, has named W.A. Spencer Morris, President. Morris was most recently Chief Investment Officer (CIO) for the organization. Morris has been an […]

STANDARD COMMUNITIES ANNOUNCES FIRST GROUND UP DEVELOPMENT—A 219-UNIT MULTIFAMILY PROJECT IN SAVANNAH, GA

Standard Communities, a leading national multifamily housing investor and developer, has announced its first ground up development, a Class A+ multifamily project in Savannah, GA, called The Line.   The project is capitalized at approximately $60 million.   The Line will fit seamlessly into the old-meets-new atmosphere in downtown Savannah. An existing building, located at […]

Hamilton Zanze Completes Disposition of Miro at The Parc Apartment Community in Affluent Henderson Submarket of Las Vegas

HENDERSON, NV – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Miro at the Parc apartment community located in the desirable Henderson/Green Valley submarket of Las Vegas, Nevada. The firm purchased the property in 2014 and the sale closed on May 25, 2022. Newmark’s Doug Schuster represented the sellers at acquisition […]

Titan Development Joint Venture Breaks Ground for 254-Unit The Lock at Flatirons Apartment Community in Broomfield, Colorado

BROOMFIELD, CO – Titan Development and Pivot Development, leading real estate development and investment firms, hosted a groundbreaking event on The Lock at Flatirons, a new $80 million, 254-unit luxury multifamily development in the Interlocken Technology Park within the MidCities District of Broomfield, Colorado, a suburb of Denver. The project, which was announced in July […]

MG Developer Announces Acquisition of New Parcel, 33 Alhambra Circle in Downtown Coral Gables’ Northside to Build an Exclusive Luxury Condominium Community, Alhambra Parc

  MG Developer, Coral Gables’ most active developer of luxurious residences in the City Beautiful, announces the acquisition of a parcel of land at 33 Alhambra in Coral Gables’ Northside entrance, to build a new mixed-use apartment community named Alhambra Parc, with 33-units and retail on the ground floor. This acquisition was made in partnership […]

ALLIED ORION GROUP TAPPED TO MANAGE TROVE EASTSIDE AND TROVE SOUTHTOWN: Firm Further Expands its Growing Management Portfolio in Both the Austin and San Antonio Markets

Allied Orion Group (AOG) has been tapped to manage Trove Eastside, an affordable apartment community in southeast Austin, and Trove Southtown, an affordable community located in San Antonio. The firm is further expanding its growing management portfolio and presence in both the Austin and San Antonio markets by adding an additional 532 units. Both communities […]

DB Capital Acquires Second Multifamily Property in Denver Metro in a Month

  DB Capital Management (DB Capital) has acquired its second multifamily asset in the Denver metro in the last month with the purchase of Gardens on Paris, a 149-unit apartment community is Aurora, CO, for $24.55 million. In the last 12 months the firm has added nearly 500 units to its local portfolio.   Completed […]

DB Capital Acquires Second Multifamily Property in Denver Metro in a Month

  DB Capital Management (DB Capital) has acquired its second multifamily asset in the Denver metro in the last month with the purchase of Gardens on Paris, a 149-unit apartment community is Aurora, CO, for $24.55 million. In the last 12 months the firm has added nearly 500 units to its local portfolio.   Completed […]