Author

Channing Hamilton

The OsLo in Overland Park, Kansas
DevelopmentKansasMidwestNews

Ryan Cos. Breaks Ground on 413-Unit The OsLo in Overland Park, Kansas

by Channing Hamilton

OVERLAND PARK, KAN. — Ryan Cos. has broken ground on The OsLo, a 413-unit complex in the Kansas City suburb of Overland Park. The project will rise four stories at the intersection of 135th Street and Antioch Road. Amenities will include smart technology, a spa, yoga studio, golf simulator, sound studio, coworking areas, a pool, pond and dog park.  The OsLo is being built in partnership with operating partner EPC Real Estate Group. Ryan Cos. is serving as the developer, builder and capital markets provider. NSPJ Architects is the architect, …

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Blutowne in East Peoria, Illinois
DevelopmentIllinoisMidwestNews

Flaherty & Collins Breaks Ground on $65 Million Blutowne in East Peoria, Illinois

by Channing Hamilton

EAST PEORIA, ILL. — Flaherty & Collins Properties has broken ground on Blutowne, a $65 million community in the Levee District of East Peoria. Merchants Bank of Indiana provided financing for the project, which will be centrally located near the municipal building and public library. The community will comprise 219 units across two buildings, as well as 10,000 square feet of commercial space and 276 parking spaces. Units will come in studio, one- and two-bedroom floor plans. Amenities will include a fitness facility, meeting space, saltwater pool and rooftop lounge. …

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An unnamed development in Arlington Heights, Illinois
DevelopmentIllinoisMidwestNews

Bradford Allen Proposes 300-Unit Development in Arlington Heights, Illinois

by Channing Hamilton

ARLINGTON HEIGHTS, ILL. — The development arm of Bradford Allen has submitted plans for a 300-unit community in the Chicago suburb of Arlington Heights. Approximately 30 of the units will be designated as affordable housing, but income restrictions for these units were not disclosed. The property will rise eight stories. Plans call for 25,000 square feet of ground-floor retail space and 17,500 square feet of amenity spaces, including an outdoor pool, sun deck, fitness area, media rooms, business center, library, work-from-home conference rooms, golf simulator, dog walk and pickleball court. …

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Tapestry at the Realm in Lewisville, Texas
DevelopmentNewsTexas

Bright Realty Nears Completion of 362-Unit Tapestry at The Realm in Dallas Suburb

by Channing Hamilton

LEWISVILLE, TEXAS — Bright Realty is approaching completion of Tapestry at The Realm in the northern Dallas suburb of Lewisville. Tapestry at The Realm will comprise 362 units across four stories. Units will come in studio, one- and two-bedroom floor plans. Amenities will include a fitness center with a sauna, game lounge, business center and conference room. ANDRES Construction is overseeing the project’s development. B2 Architecture + Design designed the property. Pre-leasing is slated to begin in November 2023. The first units will open for occupancy in December 2023.

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FinanceMassachusettsNewsNortheast

Marcus & Millichap Arranges $5 Million Agency Acquisition Loan for The Grant Street Complex in Framingham, Massachusetts

by Channing Hamilton

FRAMINGHAM, MASS. — Marcus & Millichap Capital Corp. has arranged a $5 million Freddie Mac acquisition loan for The Grant Street Complex, a 26-unit community in the Boston suburb of Framingham. Robert Bhat of Marcus & Millichap originated the financing. The borrower and direct lender were not disclosed. The Grant Street Complex offers one-, two- and three-bedroom apartments.

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Investment SalesNevadaNewsWestern

Avison Young Brokers $15.4 Million Sale of Madison at Green Valley in Henderson, Nevada

by Channing Hamilton

HENDERSON, NEV. — Avison Young has arranged the sale of Madison at Green Valley, a community in the Las Vegas suburb of Henderson. Brisas GD LLC acquired the asset from Pacifica Henderson LLC for $15.4 million. Patrick Sauter, Art Carll-Tangora and Steve Nosrat of Avison Young’s Sauter Multifamily Group negotiated the transaction for both the buyer and seller.  Constructed in 1992 on four acres, Madison at Green Valley features 88 one- and two-bedroom apartments, with an average unit size of 942 square feet.

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BerkadiaGeorgiaInvestment SalesNewsSoutheast

Berkadia Brokers $70.5 Million Sale of Grace Apartment Homes Roswell in Atlanta Suburb

by Channing Hamilton

ROSWELL, GA. — Berkadia has brokered the $70.5 million sale of Grace Apartment Homes Roswell, a 396-unit multifamily property in the northern Atlanta suburb of Roswell. Andrew Mays, Paul Vetter, Matt White, Judy MacManus and Ian Shaw of Berkadia represented the seller, MSC Investment, in the deal. RH Investment Management purchased the property. Grace Apartment Homes Roswell offers one-, two- and three-bedroom units. Amenities include a pool, fitness center, clubhouse and a business center.

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DevelopmentNewsNorth CarolinaSoutheast

AvalonBay to Develop 930-Unit Community in Durham, North Carolina

by Channing Hamilton

DURHAM, N.C. — AvalonBay Communities has purchased 6.8 acres at 4802 Durham-Chapel Hill Blvd. in Durham to develop a 930-unit community. The first phase of development will comprise 459 units across three buildings. Units will come in studio, one-, two- and three-bedroom layouts. Amenities at the property will include a pool, grilling areas, an indoor-outdoor fitness center and several courtyards. Construction is scheduled to begin in 2024, with the opening expected for 2026. CBRE represented the seller, Beacon Properties Group, in the transaction.

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Villa Del Sol in Santa Ana, California
CaliforniaFinanceNewsWestern

Northmarq Arranges $142 Million Refinance of Two Properties in Orange County, California

by Channing Hamilton

SANTA ANA AND YORBA LINDA, CALIF. — Northmarq has negotiated the refinancing of two properties in Orange County, Villa Del Sol and Yorba Linda Pines. Advanced Real Estate Services owns both properties. Alex Kane, Joe Giordani, Brendan Golding and Alvin Cao of Northmarq’s Newport Beach debt and equity office arranged the combined $142 million cash-out refinance. The deal was structured on a 10-year interest only term. Northmarq secured the permanent-fixed rate loan through its Optigo status as a Freddie Mac lender. Villa Del Sol is located at 811 S Fairview St. in Santa …

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Investment SalesNewsSouth CarolinaSoutheast

Marcus & Millichap Brokers $5.4 Million Sale of Clement Arms Apartments in North Charleston, South Carolina

by Channing Hamilton

NORTH CHARLESTON, S.C. — Marcus & Millichap has brokered the $5.4 million sale of Clement Arms Apartments, a 49-unit community located at 1815 Clements Ave. in North Charleston. Ryan Lipomi, Will Graves and Nate McDaniel of Marcus & Millichap’s Charleston office represented the seller and procured the buyer in the transaction. Both parties requested anonymity. Clement Arms Apartments was built in 1980 on 1.2 acres.

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