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242-Unit Multifamily Property in Suburban Minneapolis Sells for $59.5 Million

242-Unit Multifamily Property in Suburban Minneapolis Sells for $59.5 Million

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The commercial real estate brokerage firm Marcus & Millichap (NYSE:MMI) announced the sale of The Liberty, a 242-unit multifamily property in the Minneapolis suburb of Golden Valley, Minnesota, for $59.5 million. Completed in 2017, The Liberty has 55 townhomes and...
The NRP Group Breaks Ground on Mixed-Income Housing Community Outside of Dallas

The NRP Group Breaks Ground on Mixed-Income Housing Community Outside of Dallas

by Phil Hall | Apr 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The NRP Group, a developer, builder, and manager of multifamily housing, announced the financial close and groundbreaking of a 340-unit, mixed-income housing community in Anna, Texas, located about 45 miles from Dallas. The new community will encompass diverse income...
Greystar Begins Construction on Virginia Multifamily/Build-for-Rent Community

Greystar Begins Construction on Virginia Multifamily/Build-for-Rent Community

by Phil Hall | Mar 27, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Greystar has announced the start of construction on Old Ivy Residences, a hybrid multifamily and build-for-rent community in Albemarle County, Virginia. The multifamily component of the development will have 336 garden-style apartments with one-, two- and...
Alpha Residential to Launch 352-Unit Community in Pittsburgh Area

Alpha Residential to Launch 352-Unit Community in Pittsburgh Area

by Phil Hall | Mar 5, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Multifamily developer Alpha Residential announced plans for a 352-unit residential community in the Pittsburgh suburb of Moon Township, Pennsylvania. According to the company, the development will be located 13 miles from downtown Pittsburgh and feature 300 one- and...
FCP Acquires 400-Unit Florida Multifamily Community

FCP Acquires 400-Unit Florida Multifamily Community

by Phil Hall | Mar 5, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment firm FCP has acquired Arium Sunrise, a 400-unit multifamily community in Sunrise, Florida. Built in 1998, the property has a 94% occupancy rate and offers an array of amenities including a swimming pool, clubhouse, and fitness center. FCP...
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