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A surge in apartment conversions, which doubled last year, is likely to intensify as a glut of underused old office buildings in large cities become targets for redevelopment.
The sale of Roadrunner on McDowell is the largest single asset core multifamily sale and second-largest single asset multifamily sale overall in Arizona history.
The company will develop the first Storyliving by Disney community in Rancho Mirage, CA, with plans to launch additional locations throughout the US in the future.
Argent Ventures has acquired the 715,365-SF White Plains Plaza in a transaction that represents Westchester's largest single asset office sale since 2010.