Author

Channing Hamilton

Jefferson Place in Jefferson, New Jersey
DevelopmentNew JerseyNewsNortheast

Diversified Properties Begins Construction of Jefferson Place in Jefferson, New Jersey

by Channing Hamilton

JEFFERSON, N.J. — Diversified Properties has broken ground on the first phase of construction at Jefferson Place, a development located on Hellers Lane in Jefferson. The first phase of the project will include an elevator-served building with 32 one and two-bedroom apartments. Units will range from 855 to 1,216 square feet in size. Planned amenities include private garages, a fitness center, outdoor lounge, grilling areas and individual storage units. Phase one is scheduled for completion in the fall of 2024.

Continue Reading
0 FacebookTwitterLinkedinEmail
ParkCrest Landings Apartments in Bradenton, Florida
FloridaInvestment SalesNewsSoutheast

JBM Brokers $102 Million Sale of ParkCrest Landings Apartments in Bradenton, Florida

by Channing Hamilton

BRADENTON, FLA. — JBM Institutional Multifamily Advisors has brokered the $102 million sale of ParkCrest Landings, a 400-unit community in the Sarasota suburb of Bradenton. Passco Cos. sold the asset to an undisclosed buyer. ParkCrest Landings comprises 17 residential buildings, three amenity and clubhouse buildings and two pools on a 78.4-acre site. The property offers one-, two- and three-bedroom apartments with an average size of 1,026 square feet.

Continue Reading
0 FacebookTwitterLinkedinEmail
159 Boerum Street in Brooklyn, New York
DevelopmentNew YorkNewsNortheast

Slate Property Group Tops Out 19-Story Project at 159 Boerum Street in Brooklyn

by Channing Hamilton

BROOKLYN, N.Y. — Slate Property Group has topped out a 19-story building at 159 Boerum Street in Brooklyn’s East Williamsburg neighborhood. Once completed, the property will offer 162 units, 49 of which are affordable. Income restrictions for the affordable units were not disclosed. Planned amenities include a fitness center, roof deck, parking garage and bike storage. The development team also includes Avenue Realty Capital and SD Builders and Construction LLC. Construction is expected to complete in the summer of 2025.

Continue Reading
0 FacebookTwitterLinkedinEmail
SODO Duluth in Duluth, Georgia
GeorgiaInvestment SalesNewsSoutheast

Cushman & Wakefield Arranges Sale of 257-Unit SODO Duluth in Atlanta Suburb

by Channing Hamilton

DULUTH, GA. — Cushman & Wakefield has arranged the sale of SODO Duluth, a 257-unit community in the Atlanta suburb of Duluth. The Residential Group and PointOne Holdings sold the property to Weinstein Properties for an undisclosed price. Robert Stickel, Alex Brown, Ashlyn Warren and Michael Kay of Cushman & Wakefield represented the sellers in the deal. SODO Duluth was recently built earlier this year. According to the property website, units come in studio, one- and two-bedroom floor plans. Amenities include a clubhouse, fitness center, pool, dog park, barbeque and picnic area, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Harbor Point portfolio in Stamford, Connecticut
ConnecticutFinanceNewsNortheast

Greystone Provides $223.9 Million for The Harbor Point Portfolio in Stamford, Connecticut

by Channing Hamilton

STAMFORD, CONN. — Cushman & Wakefield has arranged $223.9 million for the refinancing of the Harbor Point portfolio in Stamford, 34 miles outside of New York City. The portfolio comprises 989 units across four buildings. John Alascio, Alex Hernandez, Alex Lapidus, Chris Meloni, Niko Nikolaou, Ryan Dowd and Brian Whitmer of Cushman & Wakefield represented the borrower in the transaction. Greystone’s Judah Rosenberg originated the four Freddie Mac mortgages, all of which featured a seven-year fixed-rate and a 35-year amortization period. The Harbor Point portfolio offers studio, one-, two- and …

Continue Reading
0 FacebookTwitterLinkedinEmail
240 West State Street in Trenton, New Jersey
DevelopmentInvestment SalesNew JerseyNewsNortheast

Fennelly Associates Brokers Sale of 16-Story Conversion Project in Trenton, New Jersey

by Channing Hamilton

TRENTON, N.J. — Fennelly Associates has negotiated the sale of 240 West State Street, a 240,000-square-foot office building in Trenton. The undisclosed buyer plans to redevelop the 16-story property into an apartment building. Plans for the new community include a mix of studio, one and two-bedroom units, as well as amenities such as a fitness center, pool and cafe. The company will also renovate the building’s parking garage. Jerry Fennelly of Fennelly Associates represented the seller, Garden State Commercial Properties, in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $12 Million Sale of 21-Unit Building in Los Angeles

by Channing Hamilton

LOS ANGELES — THG Multifamily, a Marcus & Millichap brokerage team, has negotiated the sale of 1185 Myra Avenue, a 21-unit building in the Silver Lake neighborhood of Los Angeles. Kevin Green and Joseph Grabiec of THG Multifamily represented the seller and procured the buyer in the deal. The asset traded hands for $12 million. The buyer and seller were not disclosed. The seller significantly renovated the 21-unit property, which was built in 1964.

Continue Reading
0 FacebookTwitterLinkedinEmail
Stone Brook in Baytown, Texas
FinanceInvestment SalesNewsTexas

Newmark Negotiates Sale and Financing of 376-Unit Property in Baytown, Texas

by Channing Hamilton

HOUSTON — Newmark has arranged the sale and financing of Stone Brook, a garden-style community in the Houston suburb of Baytown. Built in 2000, Stone Brook offers 376 units in one-, two- and three-bedroom layouts. Amenities include a pool, playground, dog park, gated access and covered parking. Zach Springer of Newmark Multifamily Capital Markets represented the seller, Knightvest Capital. Tip Strickland of Newmark’s debt, equity and structured finance team arranged the 10-year permanent fixed-rate loan on behalf of the buyer, Bluebird. The financing was secured through Freddie Mac at a loan-to-value …

Continue Reading
0 FacebookTwitterLinkedinEmail
A property at 1071 & 1075 Junipero Ave. in Long Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $7.1 Million Sale of Two Communities in Long Beach, California

by Channing Hamilton

LONG BEACH, CALIF. — CBRE has arranged the sale of two communities totaling 23 units for in Long Beach. The assets sold for a total $7.1 million to two separate buyers. In the first deal, CBRE’s Dan Blackwell and Trey Mitchell represented the seller in the disposition of a seven-unit property at 122 E. 55th Street in North Long Beach. A private investor based in Long Beach acquired the property from an Orange County-based repeat client of CBRE for $2.3 million. The property was built in 1962 on0.2 acres. The two-story, 5,755-square-foot building …

Continue Reading
0 FacebookTwitterLinkedinEmail
Build-to-RentDevelopmentInvestment SalesNewsTexas

Capital Square, ITOCHU Corp. to Acquire 100-Unit Build-for-Rent Project in San Antonio Suburb

by Channing Hamilton

NEW BRAUNFELS, TEXAS — Capital Square and ITOCHU Corp. have formed a joint venture to acquire Creekside Terrace, a build-for-rent community currently being built in the San Antonio suburb of New Braunfels. Pulte Homes is the developer on the project. A development timeline was not disclosed. Creekside Terrace offers 100 units in three- and four-bedroom floor plans, as well as amenities such as a pool, pavilion and park.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.