News

New York Life Acquires 245-Unit Dunwoody Apartment Project

Atlanta & Southeast + Apartment Buildings

New York Life purchased the Perimeter Gardens at Georgetown in Dunwoody. The price paid was $53.5 million. Sentinel Real Estate was the seller. The Atlanta Business Chronicle reports the community last traded hands in 2017, when Sentinel purchased it from AMLI Residential for about $45.3 million. On North Shallowford Road just north of Interstate 285, Perimeter Gardens...

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Kadima Starts Work on $70M Hallandale Beach Condo Community

Florida & Gulf Coast + Apartment Buildings

Kadima Developers broke ground on Seven Park Residences, a mixed-use venture in Broward County. The $70 million project is located at 218-220 SE Seventh Street in Hallandale Beach. Kadima Developers purchased the project’s 1.01-acre site for $5.3 million last summer. The town is between Fort Lauderdale and Miami. Seven Park Residences will feature 124 units,...

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Kadima Starts Work on $70M Hallandale Beach Condo Community

Florida & Gulf Coast + Apartment Buildings

Kadima Developers broke ground on Seven Park Residences, a mixed-use venture in Broward County. The $70 million project is located at 218-220 SE Seventh Street in Hallandale Beach. Kadima Developers purchased the project’s 1.01-acre site for $5.3 million last summer. The town is between Fort Lauderdale and Miami. Seven Park Residences will feature 124 units,...

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Snowbirds Still Interested in U.S. Properties

Canada + Apartment Buildings

Snowbirds are still interested in buying U.S. vacation properties, even though they might not be ready to travel south for a while, according to new data from the Royal Bank of Canada. Most Canadians (69%) said in a survey that they are avoiding travel to the U.S. for now, but about half (51%) still say...

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PCL Hires Retired Admiral to Capitalize on Defence Spending

Canada + Apartment Buildings

PCL Construction has recruited a retired Canadian rear admiral to help the company capitalize on a large increase in federal defence spending in coming years. Steven Waddell was appointed as the Edmonton-based company’s deputy national director of defence and federal government relations. Based in Ottawa, he has already assumed his new duties. “Steven’s deep understanding...

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Colliers Facilitates $11M Sale of Twin Cities Affordable Housing Property

Chicago & Midwest + Apartment Buildings

Colliers completed the sale of Albertville Meadows, a 75-unit affordable housing community located at 10732 County Road 37 NE in Albertville, Minnesota. The sale was led by the Colliers team of Executive Vice Presidents Mox Gunderson, Dan Linnell, and Adam Haydon, as well as Associate Vice President Devon Dvorak, who represented the seller, Dominium. “Following...

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Northmarq Completes Sale of 66-Unit Baltimore Apartments

Washington DC + Apartment Buildings

Northmarq’s Mid-Atlantic Investment Sales team has completed the $5.95 million sale of The Baltimorean, a 66-unit multifamily community located at 2905 N. Charles Street, in Baltimore, Maryland. The property is directly across the street from Johns Hopkins University. Northmarq represented the seller in the transaction, 2905 N. Charles Street LLC, and the buyer was Real...

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Taylor Morrison Plans Townhome Project at Former Verizon Building in Bellevue

Seattle & Northwest + Apartment Buildings

A vacant office building that once housed Verizon soon will be demolished, and the site will be converted into townhomes. The property sold for $25.2 million, and national homebuilder Taylor Morrison plans a phased, 77-townhouse project at 3245 158th Ave. SE, reported the Puget Sound Business Journal. The building, which was built in 1985, spans...

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