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Channing Hamilton

Colony Lofts in Toledo, Ohio
DevelopmentMidwestNewsOhio

Continental, Hallmark Deliver Colony Lofts in Toledo, Ohio

by Channing Hamilton

TOLEDO, OHIO — Continental Real Estate Cos. and Hallmark Communities have completed development of Colony Lofts, a 262-unit community in Toledo. Colony Lofts offers amenities such as a pool, grilling stations, fitness center, business center, clubhouse and coffee bar. The property also includes retail spaces, electric vehicle charging stations and an outpost of Central Ohio restaurant chain The Old Bag of Nails Pub. Monthly rents start at $964 for a studio unit, according to the property’s website. Coastal Ridge is the property manager.

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Affordable HousingFinanceInvestment SalesNewsNortheastPennsylvania

Lument Provides $24.8 Million Acquisition Loan for Affordable Housing Asset in Levittown, Pennsylvania

by Channing Hamilton

LEVITTOWN, PA. — Lument has provided a $24.8 million Freddie Mac acquisition loan for an affordable housing complex in Levittown, approximately 27 miles northeast of Philadelphia. The property was completed in 1972 and offers amenities such as clubhouse, fitness center, playground and outdoor grilling stations. The name of the asset was not disclosed. The buyer was an affiliate of New Jersey-based owner-operator Silverstein Properties. John Hurley of Lument originated the financing, which carried a five-year term and a 35-year amortization schedule, on behalf of the buyer. Zach Schwartz of Brook …

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Company NewsInvestment SalesNewsPeople NewsTexas

Franklin Street Launches Multifamily Investment Sales Division in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Franklin Street, a commercial real estate services firm based in Tampa, has launched a multifamily investment sales division for Texas markets. Patrick Strake will lead the new business unit, which will operate as a seven-person team from Franklin Street’s existing office in Austin. The Austin office opened approximately a year ago and now consists of roughly 20 professionals who also offer services for land, office and industrial verticals.

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Queensbridge Collective in Charlotte
DevelopmentNewsNorth CarolinaSoutheast

Riverside, Woodfield Top Out 42-Story High-Rise Project in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Riverside Investment & Development and Woodfield Development have topped out a 42-story high-rise community in Charlotte. Goettsch Partners designed the building, which consists of 409 units. Clark Construction Group is the general contractor. The tower is the multifamily component of the Queensbridge Collective mixed-use project. The development also features a 35-story office tower, roughly 30,000 square feet of retail space and 90,000 square feet of amenity space, including more than two acres of indoor and outdoor fitness, recreation and entertainment spaces. The apartment community will also include …

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Company NewsNewsPeople NewsTexas

Dominium Appoints Mark Moorhouse, Kyle Hansen as Co-CEOs

by Channing Hamilton

DALLAS — Dominium, an affordable housing developer and owner-operator based in Dallas, has selected Mark Moorhouse and Kyle Hansen to share leadership responsibilities for the company as co-CEOs. The move comes as senior managing partner Paul Sween becomes chairman of Dominium’s board of directors. In his new position, Sween will oversee the board of directors and set its agenda. He will continue to serve as a partner in the firm. Moorhouse and Hansen will work in partnership to lead the overall strategy and direction of the company. Moorhouse will continue …

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DevelopmentMassachusettsNewsNortheast

NEI General Contracting Completes Renovation of Boston Community

by Channing Hamilton

BOSTON — Randolph, Massachusetts-based NEI General Contracting has completed the renovation of Carol Avenue Apartments, a 33-unit community located in the Allston-Brighton neighborhood of Boston. According to the City of Boston, 29 of the units are affordable rental units. Income restrictions for these residences were not disclosed. The project involved the top-to-bottom renovation of three buildings totaling 16,196 square feet. The community received new windows, roofs, wall insulation and solar energy panels. Additionally, the project team restored and reused the building’s historic brick façade. Financing sources for the project included …

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Haven Hoffman Estates in Hoffman Estates, Illinois
IllinoisInvestment SalesMidwestNews

Eastham Capital, Bender Cos. Purchase Asset Near Chicago for $75.8 Million

by Channing Hamilton

HOFFMAN ESTATES, ILL. — Eastham Capital and Bender Cos. have acquired Haven Hoffman Estates, a 550-unit property in Hoffman Estates, 33 miles west of Chicago. The asset traded hands for $75.8 million. The identity of the seller was not disclosed. Eastham Capital obtained a majority interest in the deal through its current fund, Eastham Capital Fund VI LP. Bender Cos. will oversee the day-to-day management of the property.  Built in 1970, the property offers amenities such as a pool, clubhouse, fitness center, work-from-home suites and an outdoor dining area. The …

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Town Deer Valley in Phoenix
ArizonaInvestment SalesNewsWestern

Goodman Real Estate Purchases Community in Phoenix for $131 Million

by Channing Hamilton

PHOENIX — Goodman Real Estate has acquired Town Deer Valley, a 388-unit community in Phoenix, for $131.1 million. Built in 2024 on 18 acres, Town Deer Valley offers amenities such as a 5,900-square-foot clubhouse with arts and crafts room, poker room and sundry shop. Residents also have access to a 3,800-square-foot fitness center and a pool. The average unit size is 1,004 square feet. The seller was a joint venture between The Related Group and Rockpoint. Cliff David and Steve Gebing of Institutional Property Advisors, a division of Marcus & …

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Rainbow Village in Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Housing Trust Group Breaks Ground on $185 Million Mixed-Use Project in Miami

by Channing Hamilton

MIAMI — Housing Trust Group (HTG) has broken ground on Rainbow Village, a $185 million mixed-use development with 310 affordable housing units in Miami. Spanning 698,000 total square feet, Rainbow Village will also offer about 12,000 square feet of retail space, 50,000 square feet of amenity space and 442 parking spaces. Located at 2000 NW 3rd Ave., Rainbow Village will offer 30 studios, 163 one-bedroom units, 85 two-bedroom residences, 28 three-bedroom units, and 4 four-bedroom apartments. The community will be reserved for households earning at or below 30, 50, 60, 70 …

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Town Square at Mark Center in Alexandria, Virginia
FeaturesFinanceNortheastOperationsWashington, D.C.

MBA: Commercial, Multifamily Loan Volume to Increase 16 Percent in 2025

by Channing Hamilton

WASHINGTON, D.C. — The Mortgage Bankers Association (MBA) is forecasting that total commercial and multifamily mortgage borrowing and lending will rise to $583 billion in 2025, which is a 16 percent increase from 2024’s estimated total of $503 billion. The Washington, D.C.-based organization made the announcement at its 2025 Commercial/Multifamily Finance Convention and Expo (CREF) event taking place in San Diego. Multifamily lending, which is calculated into the total figure, is expected to rise to $361 billion in 2025 — also a 16 percent increase from last year’s estimate of …

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