In its second opportunity zone project, the firm is building a 90-unit entry-level apartment complex in Tempe.

The construction company has promoted Melissa Moreno and hired Shawn Blubaum in talent development.

The $450 million project will provide more than 900 units to the UC Hastings campus for students, faculty and staff, along with construction of an Academic Village and renovation of the McAllister building.

Multifamily investment volumes were up 10% at the end of the first quarter over 2018.