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Centurion Sells 143-Unit Winnipeg Rental Property In Portfolio Shift

Canada + Apartment Buildings

Centurion has sold a 143-unit apartment building in Winnipeg as it shifts its focus to markets where it has a larger presence. The Toronto-based company announced the sale of Urban Square at 230 Good St. on Wednesday. The property was constructed by Ironclad Developments in 2021 and acquired by Centurion that October. Urban Square was...

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Carr Properties Buys $12M Arlington Office Building for Conversion Project

Washington DC + Apartment Buildings

Carr Properties has acquired 4040 N. Fairfax Drive, a 186,000-square-foot office building in Arlington, Virginia’s Ballston neighborhood, from Ascentris. The company plans to redevelop the site into a 392-unit multifamily community, with work beginning in summer 2028. The purchase price was approximately $12.25 million, equating to about $65.86 per square foot. The planned high-rise community...

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Intersection Helming $70M Roosevelt Row Mixed-Use Project

Phoenix & Southwest + Apartment Buildings

Intersection Development will break ground soon on SISU Roosevelt and Arcada. Together, the projects represent more than $70 million in investment in Roosevelt Row. The redeveloped property will consist of 125 new residences with the preservation and reuse of historic buildings. SISU, a 12-story mixed-use tower at 821 N. First Ave., and Arcada, anchored by...

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Vancouver Housing Community Sells for $30M

Seattle & Northwest + Apartment Buildings

Colliers announced the $30 million sale of Vista Del Rio, a 213-site manufactured housing community located at 17401 SE 39th Street in Vancouver, Washington. Colliers Vice President Alex Cheng represented both the buyer, Desimone Enterprises LLC, and the seller, Vista Del Rio Corporation. Developed in 1978 and operated by the Nielsen family for nearly five...

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Historic Worcester Boys Club Incorporated into Age-Restricted Housing Development

Boston & New England

Massachusetts Gov. Maura Healey and Worcester city officials cut the ribbon Wednesday on The Residences on Lincoln Square, a hybrid development that transformed the historic Worcester Boys Club building into 16 apartment homes and community spaces, while erecting an adjacent 64-unit, five-story apartment development. The $51-million project from WinnCompanies delivers 80 affordable, energy-efficient apartment homes...

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Broe Group Makes First SoCal Multifamily Acquisition in San Diego

California & West + Apartment Buildings

Broe Real Estate Group (BREG), the real estate affiliate of Colorado investment firm The Broe Group, has acquired 525 Olive in San Diego. Although the purchase price in the all-cash deal was not disclosed, the 20-story, 204-unit luxury apartment building adjacent to Balboa Park was valued at about $100 million when it was delivered in...

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Gilbane Development Acquires Sheepshead Bay Site Suited to Large-Scale Affordable Housing

New York & Tri-State + Apartment Buildings

Ariel Property Advisors has arranged the $37-million sale of 2185 Coyle St., a mixed-use development site offering 408,400 buildable square feet on a 96,000-square-foot lot in the Sheepshead Bay neighborhood of Brooklyn. The recently rezoned property is ideally suited for a large-scale affordable housing development. An Ariel team comprised of founding partners Victor Sozio and...

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JV Acquires Seniors Facility in San Diego’s Clairemont Neighborhood

California & West

Marcus & Millichap arranged the sale of Canyon Villas, a 122-unit, 122-operating bed, independent living, assisted living and memory care facility with 133 licensed beds in the Clairemont neighborhood of San Diego. Pricing was not disclosed. “Our marketing process on Canyon Villas generated multiple high-quality offers and provided the buyer with a compelling value-add opportunity...

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