Author

Channing Hamilton

GrandeVille at Malta in Malta, New York
DevelopmentNew YorkNewsNortheast

LeCesse Development Completes 189-Unit GrandeVille at Malta in Malta, New York

by Channing Hamilton

MALTA, N.Y. — LeCesse Development Corp. has completed GrandeVille at Malta, a 189-unit community in Malta, 30 miles north of Albany, New York. The property offers one-, two- and three-bedroom apartments spread across three buildings. Amenities include a pool, fitness center, clubhouse, game room, business lounge and a spa.  GrandeVille at Malta marks the second phase of a larger development. Phase I comprised 292 units. Partners on the development included James Fahy Design Associates, general contractor Platinum-LeChase, Lansing Engineering and Five Star Bank.

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Brooklyn Crossing in New York City
FinanceNew YorkNewsNortheast

MT&T Realty Capital Provides $414.8 Million Refinancing for 51-Story Tower in Brooklyn

by Channing Hamilton

NEW YORK CITY — M&T Realty Capital Corp. has provided a $414.8 million Freddie Mac conventional loan to refinance debt on Brooklyn Crossing, a 51-story high-rise community in Brooklyn. M&T Realty Capital is a wholly owned subsidiary of M&T Bank (NYSE: MTB). The borrower was The Brodsky Organization. Brooklyn Crossing features 858 apartments in studio, one-, two- and three-bedroom layouts. Of the total unit count, 258 are dedicated as affordable. Income restrictions for these units were not disclosed. Community amenities include a screening room, rooftop terrace and lounge, fitness center …

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Affordable HousingDevelopmentMassachusettsNewsNortheast

Beacon Communities Completes Renovation of Affordable Lenox Apartments in Boston

by Channing Hamilton

BOSTON — Beacon Communities has completed the renovation of Lenox Apartments, a 285-unit affordable housing community in the South End/Lower Roxbury neighborhood of Boston. Lenox Apartments comprises 13 buildings and offers one-, two- and three-bedroom floor plans. According to Beacon Communities, the property was originally built in 1939 as the first public housing in Boston dedicated to serving African Americans. The renovation was funded through State and Federal housing and historic tax credits, as well as public and private loans.

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Investment SalesNew JerseyNewsNortheast

Hudson Atlantic Arranges $3.6 Million Sale of The Highlander in Wood-Ridge, New Jersey

by Channing Hamilton

WOOD-RIDGE, N.J. — Hudson Atlantic has arranged the $3.6 million sale of The Highlander, a 19-unit community in the northern New Jersey borough of Wood-Ridge. Adam Zweibel and Dante Fusaro of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed. The seller originally developed The Highlander in 1977. According to Apartments.com, the property exclusively offers one-bedroom floor plans.

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Remington Ridge in Weatherford, Texas
Investment SalesNewsTexas

Cushman & Wakefield Arranges Sale of 257-Unit Remington Ridge in Weatherford, Texas

by Channing Hamilton

WEATHERFORD, TEXAS — Cushman & Wakefield has arranged the sale of Remington Ridge, a 257-unit community in Weatherford. Juniper Investment Group purchased the asset from Trinity Capital Group for an undisclosed price. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller in the transaction. Remington Ridge is a two-phase development. The first phase comprised 133 units and was completed in 2022. The second phase is currently underway and will deliver an additional 124 units. Amenities include a clubhouse with business center, game room, fitness center with yoga …

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Caro Tuscan Village in Salem, New Hampshire
DevelopmentNew HampshireNewsNortheast

Dolben Co. Completes 260-Unit Caro Tuscan Village in Salem, New Hampshire

by Channing Hamilton

SALEM, N.H. — The Dolben Co. has completed Caro Tuscan Village, a 260-unit development in Salem. Caro Tuscan Village is situated on a 7.7-acre site within Tuscan Village, a mixed-use project that is a redevelopment of the former Rockingham Park horseracing complex. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, conference room, clubroom and outdoor grilling and dining stations. HDS Architecture designed the project. Pilot Construction was the general contractor.

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Alexan Pena Station in Denver
BerkadiaColoradoDevelopmentFinanceNewsWestern

Berkadia Arranges $81.2 Million in Joint Venture Equity for Alexan Pena Station in Denver

by Channing Hamilton

DENVER — Berkadia has negotiated $81.2 million in joint venture equity for the development of Alexan Pena Station, a 578-unit development in Denver. Trammel Crow Residential was the sponsor. Cody Kirkpatrick, Chinmay Bhatt and Noam Franklin of Berkadia JV Equity & Structured Capital arranged the joint venture equity partnership on behalf of the sponsor. Berkadia secured the equity through MBK Rental Living, a privately held real estate investment and development firm. Alexan Pena Station will comprise 12 buildings on a 20-acre site. The community will offer one-, two- and three-bedroom …

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DevelopmentMidwestMissouriNews

Brinkmann Constructors Completes 148-Unit 11th and Spruce in St. Louis

by Channing Hamilton

ST. LOUIS — Brinkmann Constructors has completed 11th and Spruce, a 148-unit complex in downtown St. Louis. The community offers amenities such as a fitness center, clubroom, courtyard, pet spa, dog run and rentable work-from-home space. The property also includes 3,000 square feet of ground-floor retail space. Balboa Real Estate Partners was the developer. TR,i Architects designed the community.

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Avery Park in Maple Grove, Minnesota
Build-to-RentInvestment SalesMidwestMinnesotaNews

CBRE Brokers Sale of 124-Unit Build-to-Rent Community in Minneapolis Suburb

by Channing Hamilton

MAPLE GROVE, MINN. — CBRE has arranged the sale of Avery Park, a 124-unit build-to-rent community in the northwestern Minneapolis suburb of Maple Grove. Avery Park offers 42 detached homes averaging 2,262 square feet and 82 townhomes averaging 1,687 square feet. The property was completed in 2023. Curtis Capital Group purchased the asset for an undisclosed price. Ted Abramson, Keith Collins and Abe Appert of CBRE represented the seller, which was also not disclosed.

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Estate at Woodmen Ridge Apartment Homes in Colorado Springs, Colorado
ColoradoInvestment SalesNewsWestern

Inland Private Capital Brokers Sale of 260-Unit Estate at Woodmen Ridge Apartment Homes in Colorado Springs, Colorado

by Channing Hamilton

COLORADO SPRINGS, COLO. — Inland Private Capital Corp. (IPC) has brokered the sale of Estate at Woodmen Ridge Apartment Homes, a 260-unit complex in Colorado Springs. The property is located at 5520 Woodmen Ridge View and consists of 13 residential buildings. Amenities include a clubhouse with a fitness center, theater room, game room, business center, pool and spa, putting green, dog park, bike repair station and outdoor fireplace. The community was 93 percent occupied at the time of sale. IPC brokered the deal on behalf of Colorado Springs Multifamily DST, …

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