The real estate investment firm FCP has made its first foray into the Las Vegas market with the acquisition of The Avondale Apartments, a 560-unit community. Avondale comprises one-, two-, and three-bedroom residences in three-story buildings. Community amenities...
A 169-unit portfolio of Connecticut affordable housing complexes was sold for $39.7 million. The portfolio consists of the 10-story, 116-unit Kimberly Place in Danbury and the five-story 53-unit One Leonard in Norwalk. Both properties are set aside for senior...
Chicago-headquartered Brennan Investment Group announced its acquisition of a 1.3 million-square-foot industrial portfolio consisting of 16 buildings in Northwest Houston. The portfolio was sold by Innovex, a subsea oil and gas equipment manufacturer, and is based...
Postal Realty Trust, Inc. (NYSE: PSTL), a real estate investment trust that owns and manages over 2,200 properties leased primarily to the US Postal Service, announced the appointment of Steve Bakke as executive vice president, chief financial officer and the...
A California man was sentenced to eight years in prison for coordinating real estate scam in Belize that defrauded hundreds of victims out of approximately $77 million. Newport Beach-based Andris Pukke, who also went by the aliases Marc Romeo and Andy Storm,...
Peachtree Group, an Atlanta-headquartered commercial real estate investment firm, has hired Billy Gilchrist as senior vice president of originations. In his new role, Gilchrist will be responsible for originating commercial real estate and hotel investments across...
