Author

Channing Hamilton

Ascent MKE in Milwaukee
FinanceMidwestNewsWisconsin

JLL Capital Markets Arranges $98 Million Refinancing for Ascent MKE in Milwaukee

by Channing Hamilton

MILWAUKEE — JLL Capital Markets has arranged $98 million for the refinancing of Ascent MKE, a 25-story high-rise community in Milwaukee. JLL worked on behalf of the borrower, an affiliate of New Land Enterprises, to secure the three-year, floating-rate loan through Barings Real Estate. Tim Joyce, Trent Niederberger, Mike Brady, Ryan Sullivan and Michael Gurwin led the JLL Capital Markets Debt Advisory team. Ascent MKE was built in 2022. The property offers 259 units in one-, two- and three-bedroom layouts. Units average 1,055 square feet in size and include smart …

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District at Washington in Houston
Leasing & MarketingNewsOperationsTexas

Asset Living to Manage Two Communities Totaling 652 Units in Houston 

by Channing Hamilton

HOUSTON — Asset Living has been awarded management of two properties, HiLine Heights and District at Washington, in Houston. Situated within the city’s The Heights neighborhood, HiLine Heights offers studio, one-, two- and three-bedroom apartments. Amenities include a pool, fitness center, business center, clubhouse, coffee bar and lounge. According to Apartments.com, HiLine Heights comprises 256 units across four stories. District at Washington offers one- and two-bedroom units. Amenities include a pool, fitness center, business center, yoga/spin studio, clubhouse, cybercafe and a dog park. District at Washington is located near Houston’s …

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Investment SalesNewsTexas

Sunstone Two Tree Acquires Villas Del Paseo in Houston for $28.9 Million

by Channing Hamilton

HOUSTON — Sunstone Two Tree has acquired Villas Del Paseo, a 384-unit asset in Houston’s Westchase neighborhood, for $28.9 million.  Villas Del Paseo was built in 1978. The property offers one-, two- and three-bedroom apartments. Amenities include a pool, fitness center, playground, business center, package services and outdoor grilling and dining stations. Mark Saunders of Newmark represented the seller, Comunidad Partners, in the deal. The new owner plans to invest about $10.5 million in capital improvements. Exterior renovations will include new paint, roof replacements, lighting, landscaping and signage. Unit interiors will …

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St. Andrews Villa in Madison, Alabama
AlabamaInvestment SalesNewsSoutheast

Marcus & Millichap Broker $21.7 Million Sale of St. Andrews Villa in Madison, Alabama

by Channing Hamilton

MADISON, ALA. — Marcus & Millichap has brokered the sale of St. Andrews Villas, a 96-unit townhome-style community in Madison. The project’s developer, Keelon Development Inc., sold the asset to an undisclosed buyer for $21.7 million. Josh Jacobs and Royce Emerson of Marcus & Millichap represented Keelon Development in the deal. Built in 2023, St. Andrews Villas offers one-level rental townhomes with 9-foot ceilings, walk-in showers and garages with EV chargers. Amenities include a swimming pool, coworking space and a fitness center. The community is situated at 29789 Hardiman Road, …

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New YorkNewsNortheastOperationsPeople News

NYC Housing Partnership Elects Ron Moelis as Chairman of the Board of Directors

by Channing Hamilton

NEW YORK CITY — The New York City Housing Partnership Development Corp. has elected Ron Moelis as chairman of the board of directors. Moelis is the chairman and co-founder of L+M Development Partners LLC, which is headquartered in Larchmont, New York. He is also a co-founder and vice chairman of the New York State Association for Affordable Housing, a nonprofit organization that advances a policy agenda for affordable housing. Moelis also serves on the Board of Trustees of the Tenement Museum on Manhattan’s Lower East Side and the Board of …

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DevelopmentMassachusettsNewsNortheastPeople News

2Life Communities Selects Zoe Weinrobe as Chief of Real Estate

by Channing Hamilton

NEWTON, MASS.  — Newton-based 2Life Communities has promoted Zoe Weinrobe to the role of chief of real estate. In this role, she will oversee the company’s development projects. 2Life Communities’ current developments include Opus Newton, the redevelopment of the J.J. Carroll Apartments in Brighton with the Boston Housing Authority, and Brooke House at Olmsted Village in Mattapan, Massachusetts. Weinrobe originally joined 2Life Communities in 2016. Prior to this, she served as vice president at Recap Real Estate Advisors. Weinrobe also worked at Urban Edge CDC, the Cambridge Housing Authority, and the …

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Lenox Timbergrove in Houston
DevelopmentNewsTexas

OHT Partners Breaks Ground on 293-Unit Lenox Timbergrove in Houston

by Channing Hamilton

HOUSTON — OHT Partners LLC has broken ground on Lenox Timbergrove, a 293-unit complex located in the Lazybrook/Timbergrove neighborhood of Houston. The project will rise five stories at 2825 W. 11th Street. Lenox Timbergrove will offer studio, one- and two-bedroom units ranging in size from 500 to 1,150 square feet. Planned amenities include a pool, outdoor pavilion with gas grills and kitchen, pet spa, co-working space and a turf game lawn. The project is slated to open for residency near the end of 2025.  

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FinanceInvestment SalesMichiganMidwestNews

BWE Secures $19.8 Million in Acquisition Financing for 326-Unit Portfolio in Detroit Suburb

by Channing Hamilton

CLINTON TOWNSHIP, MICH. — BWE has secured $19.8 million in acquisition financing for a portfolio totaling 326 units in the Detroit suburb of Clinton Township. The portfolio consists of 13 low-rise buildings. The properties offer a mix of one- and two-bedroom units, as well as amenities like a pool, clubhouse, tennis court, on-site laundry and parking. Adam Gould of BWE’s Detroit office originated the value-add, non-recourse bridge loan, which features three years of interest-only payments and a 75 percent loan-to-cost ratio. The buyer was a regional fund that invests in …

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ConnecticutInvestment SalesNewsNortheast

Northeast Private Client Group Brokers $4 Million Sale of Two Buildings in Bridgeport, Connecticut

by Channing Hamilton

BRIDGEPORT, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $4 million sale of two buildings totaling 38 units in Bridgeport. Brad Balletto, Rich Edwards, Bob Paterno and Jeff Wright of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the deal. The first property, Beers Apartments, features 18 units. The second property, Wayne Studios, has 20 units.

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Investment SalesNewsTexas

KW Commercial Arranges Sale of 28-Unit Buena Vida Apartments in San Antonio

by Channing Hamilton

SAN ANTONIO — KW Commercial has negotiated the sale of Buena Vida Apartments, a 28-unit building located on San Antonio’s south side. Jaxton Hoelting of KW Commercial represented the California-based seller in the deal. Jackie Oldbury of Keller Williams represented the Texas-based buyer. According to Apartments.com, Buena Vida Apartments was built in 1968 and offers one- and two-bedroom units.

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