In Connecticut, a homeowner hopes to use a density bonus rule in the state’s affordable housing law to turn a backyard barn into three separate apartments despite prickly opposition from neighbors. Rose... Read more »
New York City Council Speaker Julie Menin on Friday announced a proposal to build up to 35,000 new apartments on nearly 3,000 small lots across the five boroughs. These would be made... Read more »
A leading owner and operator with a national multifamily portfolio has acquired One Hundred Forge (formerly Woodmont Forge) IN Pennington, NJ. The $115.75-million sale of the 300-unit luxury apartment community represents a significant benchmark for the Hopewell Valley submarket, according to SAGE Real Estate... Read more »
Marcus & Millichap arranged the sale of two multifamily properties totaling 61 units in the Brentwood neighborhood of West Los Angeles for a combined $46.35 million. Rabbie Banafsheha and Tony Azzi of the Azzi... Read more »
Adam Warfford has teamed up with Daniel Smith to redevelop an old Lexington textile factory into apartments. The Triad Business Journal reports that Warfford, the owner of Warfford & Co. and Smith,... Read more »
Terra Capital is working to build another multifamily property on Los Angeles’ Westside. The firm filed an application last week with the Los Angeles Department of City Planning seeking entitlements for a... Read more »
The Dinerstein Cos. paid $137.3 million for a 218-unit apartment complex at 3222 E. 1st Ave in Denver. The sales price equates to nearly $630,000 a unit. The 12-story luxury apartment building,... Read more »
Community, civic and business leaders gathered Wednesday for the groundbreaking of The Carina, a new multifamily residential community at 2828 N. Mainplace Dr. that will bring 408 apartments to Mainplace in Santa Ana. Developed... Read more »
An apartment building on Ocean Avenue in Santa Monica is newly on the market but it isn’t your typical listing. It’s on behalf of a court-ordered receiver, according to CBRE marketing materials.... Read more »
Decron Properties scored more than $80 million in refinancing for an apartment complex in Ventura County. The Los Angeles-based firm received an $82.9 million refinancing loan for the River Ranch apartments at... Read more »