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Channing Hamilton

The Mav Channelside in Tampa, Florida
FinanceFloridaNewsSoutheast

BWE Arranges $76.8 Million Refinancing for The Mav Channelside in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — BWE has negotiated a $76.8 million loan for the refinancing of The Mav Channelside, a 324-unit property located at 601 N. 12th St. in Tampa’s Channelside District. Alan Tapie, Thomas Wiedeman, Brad Walker and Hanley Long of BWE secured the five-year, fixed-rate loan using Fannie Mae’s Near-Stabilization Execution. The borrower was a joint venture led by Birmingham, Ala.-based Daniel Corp. The Mav Channelside was built in 2022. The mid-rise community offers a mix of 108 studio, 163 one-bedroom and 53 two-bedroom apartments. Community amenities include a fitness …

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DevelopmentNew JerseyNewsNortheast

TFE Properties Completes 174-Unit Kirby Village in Somerville, New Jersey

by Channing Hamilton

SOMERVILLE, N.J. — TTFE Properties has completed Kirby Village, a 174-unit development in Somerville, about 50 miles southwest of Manhattan. The property includes one- and two-bedroom townhome-style units that range in size from 800 to 1,452 square feet. Units feature stainless steel appliances, quartz countertops and individual washers and dryers. Monthly rents begin at roughly $2,400 for a one-bedroom unit. Community amenities include a pool, fitness center, dog park and a children’s play area.

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Investment SalesNewsTexas

Marcus & Millichap Arranges Sale of 120-Unit Serena Vista in Arlington, Texas

by Channing Hamilton

ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Serena Vista, a 120-unit complex in Arlington, 21 miles west of Dallas. Green Mountain Properties LLC purchased the asset from an undisclosed private investment group. Nick Fluellen, Bard Hoover and Chris Pearson of Marcus & Millichap represented the seller and procured the buyer. Serena Vista was built in 1980. The property offers studio, one-, two- and three-bedroom units. Amenities include a pool, fitness center, clubhouse and a dog park. 

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DevelopmentMaineNewsNortheast

Jones Street Investment Partners Breaks Ground on 64-Unit Project in Brunswick, Maine

by Channing Hamilton

BRUNSWICK, MAINE — Jones Street Investment Partners, a private equity real estate firm headquartered in Boston, has broken ground on a 64-unit project in Brunswick, 26 miles north of Portland, Maine. The project represents the second phase of Atlantic Pointe. Phase I comprised 181 units. Phase II will include four buildings that will house one- and two-bedroom units. Planned amenities at Atlantic Pointe include a fitness center, business center, dog park and package lockers. Phase II is slated to complete in summer 2025.

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105 Grove St. in Elizabeth, New Jersey
Investment SalesNew JerseyNewsNortheast

SAGE Brokers $4.2 Million Sale of 31-Unit Property in Elizabeth, New Jersey

by Channing Hamilton

ELIZABETH, N.J. — SAGE Investment Real Estate Advisors (SAGE) has arranged the sale of a 31-unit property located at 105 Grove St. in the Elmora neighborhood of Elizabeth. Built in 1927, 105 Grove St. offers exclusively one-bedroom units. The asset traded for $4.2 million. Steve Tragash of SAGE represented the seller, a private individual, and procured the buyer, a private investor.

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DevelopmentNewsWashingtonWestern

American Capital Group, Clarion Partners to Develop 316-Unit Enso Near Seattle

by Channing Hamilton

LYNNWOOD, WASH. — American Capital Group and Clarion Partners have formed a joint venture to develop Enso, a 316-unit community in the Seattle suburb of Lynwood. Pacific Life Insurance Co. served as the construction lender for the project. Located at 4001 198th St. SW, Enso will offer amenities such as a co-working space, fitness facility, game lounge, resident lounge, dog wash and bike storage. The property also features more than 4,200 square feet of retail space. Construction is slated to begin in August 2024. Completion is expected by Summer 2026. 

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Crossroads Westside in Kansas City, Missouri
Investment SalesMidwestMissouriNews

Hamilton Zanze Acquires 222-Unit Crossroads Westside in Kansas City

by Channing Hamilton

KANSAS CITY, MO. — San Francisco-based investment firm Hamilton Zanze has purchased Crossroads Westside, a 222-unit community in downtown Kansas City, for an undisclosed price. Situated at 601 Avenida Cesar E Chavez, Crossroads Westside was built in 2018. Units come in one- and two-bedroom layouts and range from 614 square feet to 1,252 square feet. Amenities include a pool, dog spa, fitness center, sundeck, private art garden, business center, co-working spaces, fire pit, arcade and entertainment lounge. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the …

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Cottages at Leon Creek in San Antonio
Build-to-RentFinanceInvestment SalesNewsTexas

JLL Capital Markets Brokers Sale of 284-Unit Build-to-Rent Community in San Antonio

by Channing Hamilton

SAN ANTONIO — JLL Capital Markets has arranged the sale and financing of Cottages at Leon Creek, a 284-unit build-to-rent community in San Antonio. Located at 12839 Berthoud Ln., Cottages at Leon Creek was originally built as a student housing asset. The property has since been repositioned as a single-family rental community. Cottages at Leon Creek now offers two-, three- and four-bedroom units. Select units feature fenced-in private yards. Amenities include a pool, fitness center, pickleball court, private workstations and a cinema. The asset also offers direct access to the …

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The Buckley in Plano, Texas
DevelopmentNewsTexas

Rosewood Property Co. Breaks Ground on 338-Unit The Buckley in Plano, Texas

by Channing Hamilton

PLANO, TEXAS — Dallas-based Rosewood Property Co. has broken ground on The Buckley, a 338-unit project in Plano. The Buckley will feature studio, one-, two- and three-bedroom apartments. Planned amenities include multiple lounge areas, a club and card room, fitness center, co-working areas, dog park, courtyards and pool. MetLife Investment Management is the equity partner for The Buckley. Provident General Contractors will build the property. The project team also includes Hensley, Lamkin, Rachel Inc. (architect), LandDesign (landscape design), B2 Architecture + Design (interior design) and KFM (civil engineer). Broadway Bank …

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West End II in Raleigh, North Carolina
DevelopmentFinanceNewsNorth CarolinaSoutheast

JLL Arranges $85 Million Construction Financing for West End II in Raleigh, North Carolina

by Channing Hamilton

RALEIGH, N.C. — JLL has arranged $33.6 million in joint venture equity and $51.4 million in debt financing for the development of West End II, a 252-unit project underway in downtown Raleigh’s West End neighborhood. Travis Anderson, Warren Johnson, Ryan Pride and Jovi Rodriguez of JLL arranged the equity placement and debt on behalf of the borrower, locally based Kane Realty Corp. The equity partner is an investment fund from South America. The lender is an unnamed national life insurance company. Located at 510 W. Cabarrus St., West End II …

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