Author

Channing Hamilton

A 3D render of Atlas Mesa, a four-story multifamily building off a main road. The building is yellow, brown and gray.
ArizonaDevelopmentNewsWestern

TDC, PCCP Will Develop 394-Unit Atlas Project Near Phoenix

by Channing Hamilton

MESA, ARIZ. — A joint venture between Los Angeles-based real estate investment management company PCCP and Houston-based The Dinerstein Cos. (TDC) will break ground in July on Atlas Mesa, located about 27 miles east of Phoenix. Completion is scheduled for late 2025. Project costs were not disclosed. According to PCCP and TDC, the property will be LEED certified. Atlas Mesa will offer 394 units in studio, one-, two- and three-bedroom floor plans ranging from 562 to 1,394 square feet. The development site is situated on 9.83 acres. When complete, the …

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NewsPeople NewsTexas

Three New Hires Join Cushman & Wakefield’s Sunbelt Multifamily Advisory Group

by Channing Hamilton

HOUSTON — Cushman & Wakefield has hired Jennifer Campbell, Joshua Hoffman and Avery Klatt to the firm’s Sunbelt Multifamily Advisory Group. Led by Campbell, the team will be responsible for Class A and B multifamily investment sales throughout the Houston metro area. Campbell, Hoffman and Klatt will be based in Cushman & Wakefield’s Houston office serving as executive managing director, senior director and director, respectively. Campbell comes from Institutional Property Advisors (IPA) where she led the company’s multifamily efforts for the Houston market. Hoffman and Klatt also come from IPA …

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Company NewsSouth CarolinaSoutheast

Grace Hill Acquires Two Prop Tech Companies

by Channing Hamilton

GREENVILLE, S.C. — Multifamily software company Grace Hill has acquired Edge2Learn and Ellis Partners in Management Solutions (Ellis).  Financial terms of the transaction were not disclosed. Edge2Learn and Ellis provide e-learning services as well as policy, survey and data services to multifamily property owners and operators. Together, Ellis and Edge2Learn offer approximately 600 online training courses for the conventional, affordable, student and seniors housing markets.  

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A 3D render of a white building with black roofing and a pool behind it.
Build-to-RentCompany NewsDevelopmentTexas

The Dinerstein Companies Launches Build-to-Rent Brand

by Channing Hamilton

HOUSTON — Houston-based developer The Dinerstein Companies (TDC) has launched a build-to-rent (BTR) brand called Inspire Homes. TDC has broken ground on its first two Inspire Homes projects, one in Wildwood, Florida, and the other in Missouri City, Texas. The 192-unit project in Wildwood, approximately 51 miles from Orlando, will be made up of duplexes. The homes will have fenced backyards and detached garage parking. Floor plans will be available in one-, two- and three-bedroom layouts ranging from 685 square feet to 1,445 square feet.  The development in Missouri City, …

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A 3D render of Trella Uptown, an orange and gray seven-story multifamily building.
Affordable HousingDevelopmentFinanceNorth CarolinaSoutheast

Urban Atlantic, Inlivian Secure $84M in Debt and Public Financing for Mixed-Income Project in Uptown Charlotte

by Channing Hamilton

CHARLOTTE, N.C. — Urban Atlantic, in partnership with Inlivian and its nonprofit development subsidiary, Horizon Development Properties (HDP), has secured $84 million in debt and public financing for the construction of Trella Uptown, a mixed-income apartment community to be built at 426 North Tryon Street in uptown Charlotte. Inlivian is the City of Charlotte’s housing authority. Totaling 353 units and 330,000 square feet, the community will feature 106 affordable housing units. Of these, 35 will be reserved for residents earning 80 percent of area median income (AMI); two will be …

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Coppia, a reflective contemporary-style multifamily building.
DevelopmentIllinoisMidwestNews

Pizzuti Cos. Breaks Ground on 19-Story Coppia Multifamily High-Rise in Chicago’s West Loop

by Channing Hamilton

CHICAGO — The Pizzuti Cos., a private real estate development and management firm based in Columbus, Ohio, has broken ground on Coppia, a 19-story high-rise apartment tower in Chicago.  The 298-unit community will be located at 1101 Van Buren St., which is situated at the southern end of Aberdeen Street in the city’s West Loop district. Pizzuti expects to complete Coppia in 2024.  The property will sit across from a Target store and next to Chicago Transit Authority’s Racine Avenue Blue Line Station, as well as three blocks west of …

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A 3D render of Atlas Longmont, a four-story multifamily building in shades of brown.
ColoradoDevelopmentNewsWestern

Dinerstein Cos. Plans 371-Unit Atlas Longmont Multifamily Community in Longmont, Colorado

by Channing Hamilton

LONGMONT, COLO. — The Dinerstein Cos. has unveiled its plans to develop Atlas Longmont, an apartment property located at 301 First Ave. in Longmont. Situated on 12 acres, Atlas Longmont will feature 371 studio, one-, two- and three-bedroom apartments ranging from 541 square feet to 1,411 square feet. The 300,000-square-foot property will consist of 10 three-story buildings, one four-story residential building and a two-story leasing and amenity building. Community amenities will include an outdoor pool, multiple spas, a clubhouse, roof deck and coworking space. An affiliate of The Dinerstein Cos. …

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DevelopmentNewsTexas

Partnership Buys 314,514 SF Office Building in Downtown Fort Worth, Plans Multifamily Redevelopment

by Channing Hamilton

FORT WORTH, TEXAS — A partnership between two Chicago-based investment firms, 3L Real Estate and Syndicated Equities, has purchased The Oncor, a 314,514-square-foot office building in downtown Fort Worth. The new ownership plans to convert the building into a 330-unit multifamily community with Class A amenities, including a pool, fitness center,  rooftop deck and a business center. The seller and sales price were not disclosed. A construction timeline was also not released.

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DevelopmentNew JerseyNewsNortheast

Diversified Properties Acquires Land in Jefferson, New Jersey, for Multifamily Project

by Channing Hamilton

JEFFERSON, N.J. — Locally based developer Diversified Properties has acquired two lots totaling 9.8 acres in the Northern New Jersey community of Jefferson for the construction of a new multifamily project. Phase I of the project, which will be known as Jefferson Place, will total 32 units. Residences will be available in one- and two-bedroom floor plans and will range in size from 855 to 1,216 square feet. Amenities will include a fitness center, and an outdoor lounge with grilling and dining stations. Details of Phase II were not disclosed. …

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Alivia Apartments' skimming pool, a small pool surrounded by plants, palm trees and buildings.
CaliforniaInvestment SalesNewsWestern

Fairfield Carmenita Sells Alivia Apartments in Whittier, California for $49.6M

by Channing Hamilton

WHITTIER, CALIF. — Fairfield Carmenita LP has completed the disposition of Alivia Apartments, a multifamily community in Whittier, to NexGen Properties Group for $49.6 million, or $387,695 per unit. Completed in 2022, Alivia Apartments features seven residential buildings comprising 68 one-bed/one-bath units and 60 two-bed/two-bath units. All units offer stainless steel appliances, washers/dryers, kitchen islands with storage, and wood-style plank flooring. Community amenities include a resort-style pool and spa, fitness center, social lounge, dog park and outdoor fire lounge. Kevin Green, Joseph Grabiec and Greg Harris of Institutional Property Advisors, …

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