News

CoStar Group to Acquire Domain Holdings Australia Ltd.

Apartment Buildings

CoStar Group, Inc., a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology, has entered a binding Scheme Implementation Deed to acquire 100% of the issued capital of Domain Holdings Australia Limited, a leading Australian property marketplace. Arlington, VA-based CoStar expects to spend approximately A$2.3 billion ($1.5 billion) to acquire...

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Interra Brokers Sale of Apartments on Chicago’s North Side

Chicago & Midwest + Apartment Buildings

Interra Realty facilitated the $3.75 million sale of 4901 N. Christiana Ave., a 34-unit apartment building in Chicago’s Albany Park neighborhood. The transaction equated to $110,294 per unit. Interra Managing Partner Patrick Kennelly represented the local buyer, 606 Realty. Interra Senior Managing Partner Joe Smazal represented the seller, an entity led by Mike Root of...

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Peak Properties Takes Over Hyde Park Courtyard Property

Chicago & Midwest + Apartment Buildings

Peak Properties has taken over of 5428 S. Kimbark Avenue, an 18-unit red-brick, courtyard-style apartment building located in the heart of Hyde Park. Situated against Nichols Park and within walking distance to Washington Park and the lakefront, the building offers close proximity to the University of Chicago. “5428 Kimbark is a gem of a property,”...

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The Mogharebi Group Story: Investing in People, Redefining Success

California & West + Apartment Buildings

Where Legacy Isn’t Just Built — It’s Shared In a commercial real estate industry known for high stakes and hard edges, The Mogharebi Group (TMG) has charted a different course. Founded nearly a decade ago by Alex Mogharebi, one of the nation’s most prolific multifamily investment advisors, TMG emerged with a single question: What would...

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Lendlease Provides First Look at Habitat Residences in Culver City

California & West + Apartment Buildings

Lendlease and joint venture partner Aware Super unveiled the name and new renderings for Habitat Residences, a 12-story, 260-unit multifamily community within the firm’s Habitat mixed-use development in Culver City. Located at 3401 S. La Cienega Blvd., Habitat Residences includes a mix of studio, one- and two-bedroom layouts ranging from 450 to 1,400 square feet, with first move-ins...

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Boston Developer Chosen for Medford Mixed-Use

Boston & New England + Apartment Buildings

The City of Medford, MA selected Boston-based development company Transom Real Estate as a partner in the project to transform three undeveloped city-owned lots in Medford Square along Clippership Drive and Riverside Avenue. The redevelopment calls for a combination of mixed-use retail and residential with ample parking options. Transom’s proposal calls for the project to...

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NYC’s Largest Mass Timber Residential Coming to Stapleton Waterfront

New York & Tri-State + Apartment Buildings

Artimus and Phoenix Realty Group have been selected to build more than 500 mixed-income housing units on two vacant land parcels along the New Stapleton Waterfront on the North Shore of Staten Island, with a quarter of the new units set aside for affordable housing. The development will be the largest mass timber residential project in New York...

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MC Picks Up 282-Unit Scottsdale Rental Asset

Phoenix & Southwest + Apartment Buildings

MC Companies acquired The Core Scottsdale — a Class A multifamily community located in North Scottsdale. MC Companies secured acquisition financing through CBRE Capital Markets, utilizing a Freddie Mac loan. Built in 2018, The Core Scottsdale features 282 units; a resident clubhouse complete with a poker room, theater room and coffee lounge; a rooftop pool and...

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