Author

Channing Hamilton

Residences at The Streets of St. Charles
Investment SalesNewsNortheastPennsylvania

Morgan Properties Acquires 11-Property Portfolio for $501 Million

by Channing Hamilton

CONSHOHOCKEN, PA. — Morgan Properties has acquired a portfolio of 3,054 apartments across 11 communities in eight states. Chicago-based Trilogy Real Estate Group was the seller in the deal, which was valued at $501 million. The assets — which are located in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Oklahoma and Tennessee — were built between 1989 and 2018. Newmark brokered the sale of 10 of the communities in the portfolio, while Walker & Dunlop brokered the sale of one property. Morgan Properties states that the firm plans to implement a …

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Jonathan Treble
Industry VoicesLeasing & MarketingOperations

Practicality is the Name of the Game for ROI on Amenities

by Channing Hamilton

By Jonathan Treble, founder and CEO, WithMe Inc. Amenities shape the daily lives of a property’s residents. They are not simply marketing tools or leasing incentives, but a crucial component of what makes an apartment community feel like a home. However, not all amenities hold their value. For example, a luxury golf simulator can cost anywhere from $25,000 to $150,000 to install. A rock climbing wall runs between $30 and $40 per square foot, meaning a 1,000-square-foot wall could total $30,000 to $40,000. Rooftop lounges and theater rooms can push costs even higher with maintenance …

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FinanceNewsTexas

Sunrise Realty Trust Provides $46.5 Million in Financing for Dallas Property

by Channing Hamilton

DALLAS — South Florida-based Sunrise Realty Trust has provided $46.5 million in financing for The Boheme, a 352-unit building in Dallas. The Boheme is an eight-story building in the Bishop Arts District that was completed in 2023. San Antonio-based Kairoi Residential owns the community. The financing is part of a $62 million senior loan that the borrower will use to refinance the property. Apartments come in studio, one- and two-bedroom floor plans, according to Apartments.com. Shared amenities include a rooftop pool, coworking lounge with private meeting rooms, courtyards and a …

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2512-2518 England St.
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $8.8 Million Sale of Property in Huntington Beach, California

by Channing Hamilton

HUNTINGTON BEACH, CALIF. — CBRE has arranged the sale of a 14-unit property at 2512-2518 England St. in Huntington Beach, about 40 miles southeast of Los Angeles. The 14,518-square-foot property was built in 1977 and renovated in 2022. The community offers a mix of one-, two- and three-bedroom units. The majority of units are townhome-style residences. The property sits on a 0.43-acre parcel. Dan Blackwell and Mike O’Neill of CBRE represented both the buyer and the seller in the deal. The buyer was a 1031 exchange investor based in Orange …

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Jeff Furman
NewsNorth CarolinaPeople NewsSoutheast

Aventon Cos. Appoints Jeff Furman as Senior Managing Director

by Channing Hamilton

RALEIGH, N.C. — Aventon Cos., a Raleigh-based developer and general contractor, has hired Jeff Furman to the role of senior managing director. Furman will work to acquire new sites to develop new suburban apartment communities while managing existing developments. He will concentrate on the Raleigh-Durham and Charlotte metropolitan areas. Prior to joining Aventon Cos., Furman was a developer partner and the director of Raleigh operations at Northwood Ravin. He has also served as director of development for Crosland LLC. Furman graduated from the University of Texas at Austin with a Master of Science …

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Investment SalesNew YorkNewsNortheast

A&E Real Estate Buys Manhattan Apartment Building for $116.5 Million

by Channing Hamilton

NEW YORK CITY — A&E Real Estate has acquired Rivers Bend, a 22-story apartment building located on Manhattan’s Upper East Side, for $116.5 million. Jack Brick of S. Charatan Realty represented the seller, locally based investment firm Soloviev Group, in the transaction. The building, which was originally built in 1963, rises 22 stories at 501 E. 87th St. The property is doorman- and elevator-served. Select units feature private balconies or patios, and tenants have access to amenities such as a rooftop terrace with an enclosed pool and a fitness center. 

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Slate
DevelopmentMidwestNewsOhio

Milhaus, Parse Capital Break Ground on 306-Unit Community Near Cincinnati

by Channing Hamilton

SPRINGDALE, OHIO — Milhaus has partnered with Parse Capital to break ground on Slate, a 306-unit project in Springdale, approximately 19 miles north of Cincinnati. Located at 505 W. Crescentville Road, Slate will offer 216 garden-style apartments and 90 townhomes across 22 buildings. Planned amenities include a resident lounge, pool, coffee bar, fitness center and bark park. First Financial Bank is providing financing for the development, which is slated for completion in the spring of 2026.

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Coles Street Apartments
DevelopmentFinanceNew JerseyNewsNortheast

The Hekemian Group Secures Financing for 465-Unit Project in Jersey City, New Jersey

by Channing Hamilton

JERSEY CITY, N.J. — The Hekemian Group has secured financing for the construction of Coles Street Apartments, a 465-unit high-rise community in downtown Jersey City. Located at 305 Coles St., Cole Street Apartments will offer studio, one- and two-bedroom apartments. The average unit size will be 875 square feet. Residents will have access to amenities such as a rooftop pool and lounge, golf simulator, clubrooms, work lounges, a fitness center, concierge service and on-site garage parking. The development will also include 8,142 square feet of ground-level retail space. Thomas Didio, Thomas Didio Jr., Gerard …

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Little River District
Affordable HousingDevelopmentFloridaNewsSoutheast

Miami-Dade County Commission Approves $3 Billion Mixed-Use Development

by Channing Hamilton

MIAMI — The Miami-Dade County Commission has granted final approval for Little River District, a $3 billion mixed-use development situated on 63 acres in Miami’s Little River and Little Haiti neighborhoods. SG Holdings — a joint venture between Swerdlow Group, SJM Partners and Alben Duffie — is the developer. Little River District will offer more than 5,700 affordable and workforce housing units, as well as retail, green spaces and transit infrastructure with the addition of a new train station. Construction is slated to begin in 2026, with a projected development …

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Kōz on Alderwood Mall Blvd
DevelopmentNewsWashingtonWestern

Kōz Development, MSquared Open 199-Unit Property in Lynnwood, Washington

by Channing Hamilton

LYNNWOOD, WASH. — Kōz Development and MSquared have opened Kōz on Alderwood Mall Blvd, a mixed-income community located at 301 Alderwood Mall Blvd. in Lynnwood, 17 miles south of Seattle. The property offers 199 studio, one-bedroom and two-bedroom floor plans. Half of the units are reserved for households earning up to 80 percent of the area median income, while the other half are leased at market rate. The $54 million project is situated adjacent to the Lynnwood Transit Center, the northern terminus of the Sound Transit Link rail extension connecting …

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