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PHOENIX—Wood Partners, LLC, in partnership with American Realty Advisors, has acquired Pinnacle Towne Centre, an existing 350-unit multifamily community at 1601 E. Highland Ave. in Phoenix's Camelback East submarket, and plans to renovate the property into an upscale townhome community named Altera Highland.
PHOENIX—The Phoenix office of Jones Lang LaSalle has completed the $18.1 million investment sale of Indigo, a formerly fractured Phoenix condominium asset that over 24 months was transformed into a 108-unit class A apartment community.
SAN DIEGO—San Diego joins other cities in the renewed demand for urban housing, but is hampered by the lack of both apartments and condos, developers and advisors tell GlobeSt.com in this <b>EXCLUSIVE</b> story.
IRVINE, CA—At least one down-payment program is available in all US counties, and 87% of single-family homes and condos would qualify for one available in the county where they are located, RealtyTrac reports.
SAN DIEGO—San Diego commercial real estate is also buoyed by the market's ideal weather, several strong submarkets and pent-up demand for construction, Burnham-Moores' Stath Karras tells GlobeSt.com <b>EXCLUSIVELY</b>.
RIDGEWOOD, NJ—A proposed amendment to Ridgewood's master plan that would allow downtown high density multifamily development was criticized by local residents at a hearing on Tuesday evening.