Multifamily

BILOXI, MS-The developer plans to break ground by year's end on the 251-unit first phase of Revelay. At build-out, the project will add 380 to 390 units along the Gulf Coast.

TEMPE, AZ-Months after selling another multifamily property, Nuvida Ventures plows its 1031 exchange money into the 172-unit Paxton on Rural.

SANTA ANA, CA-Sukut Construction Inc. will build the roads and underground infrastructure on the 4,000-acre first phase of the 13-square-mile master-planned community.

LAS VEGAS-Three different ownership groups are looking to sell as one their six contiguous parcels. The acreage, abutting Interstate 15, could fetch $6 million per acre.

MONTEBELLO, CA-Advanced Real Estate Services Inc. of Lake Forest buys the Somerset on Garfield complex from Kennedy Wilson.

SPRINGFIELD, MA-The Boston-based investor now has two major properties here encompassing more than 500 apartments.

CHARLOTTE, NC-Tranquil Court on Selwyn is the residential component of a mixed-use development, which will also include retail and 65,000 sf of office.

GLEN MILLS, PA-Red Rocks Group acquires the 25-building, 22-year-old complex for $168,032 a unit with plans to renovate all units and add amenities.