Peak Properties announced its newest management assignment at 1553 N. Wells Street, a boutique luxury community in the heart of Old Town. The property features 23 upscale apartments and one ground-floor commercial space, currently home to Philz Coffee. The building is within one block of Second City, Foxtrot, Kamehachi, Corcoran’s, and Zanie’s. It’s situated near...
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The Eastern Washington apartment market saw a pickup in activity, according to a recent report by Kidder Mathews across 20 counties, including Spokane, Benton, Franklin, Chelan, and Yakima. Overall pricing remained strong at an average of $147,000 per unit. This was driven by continued demand and aggressive pricing for 1980s and newer assets. Properties built...
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Kiser Group announced the off-market sale of a newly constructed, 24-unit boutique apartment building located in Chicago’s Lincoln Park neighborhood. Directors Katie LeGrand and Jacob Price represented the seller in the $13.22 million transaction. Completed in 2025, the five-story elevator building features a unit mix primarily comprised of two- and three-bedroom units. “A near-term sale...
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New York-based coliving operator Outpost said Monday it has merged with June Homes, creating the largest coliving operator in the U.S. The combined company, known as OJH Holdings, will operate roughly 4,000 units across New York City, Boston, Washington, DC, Chicago, Los Angeles, San Francisco and Austin. The combined entity will be led by Outpost CEO Sergii Starostin,...
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Kennedy Wilson recently purchased The Fletcher Southlands, a 320-unit apartment complex at 22959 Smoky Hill Road in Aurora, for $94.75 million. The Denver Business Journal reports the seller was CBRE Global Investors, which purchased the property on behalf of a separate account client for $103.3 million in 2021. The Fletcher offers one- to four-bedroom units...
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The Arlington City Council okayed a $3.8 million grant for Arlington Center Square to assemble land for a mixed-use lifestyle center. The Dallas Business Journal reports a hotel is already under construction and the development could also include a food hall, retail, restaurants, multifamily housing and structured parking. Arlington Center Square is being development by...
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A new multi-tower development is being planned in Fort Lauderdale under Florida’s Live Local Act. Plans filed by South Andrews Holdings, Blacksod Partners, and Rechter Holdings call for development on the edge of the Poinciana Park neighborhood. Coined ‘Croissant Park North’ and ‘Croissant Park South’, the development will rise at 1711 S Andrews Avenue and...
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ARC Realty Group and Prosper Group have closed on the second parcel for $13.5 million within the three-parcel, one-acre assemblage for Hotel ORA + Private Residences, a $675 million, mixed-use development coming to downtown Tampa. A third parcel, expected to close soon is all that’s needed for construction to begin. There will be 627 hotel suites and 31...
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