The Gershwin Apartments and AvalonBay CEO Timothy Naughton and the complex Multifamily sales picked up in April, as developers and investment firms spent a combined $139.8 million on the five biggest apartment building buys that month. Compare that to the top five multifamily trades in March, which totaled only $114 million. The largest April deal […]
Apartment giant AvalonBay stakes ground in Cerritos
AvalonBay CEO Timothy Naughton and the complex AvalonBay Communities, the fourth-largest owner of apartments in the country, has expanded in Cerritos with the purchase of a recently-built apartment complex, The Real Deal has learned. The seller was Richman Group of Companies, a multifamily developer based in Connecticut. Richman also built the complex, dubbed Sage at […]