Author

Channing Hamilton

Stonemeadow Farms in Bothell, Washington
Investment SalesNewsWashingtonWestern

JLL Capital Markets Arranges $93.1 Million Sale of Stonemeadow Farms in Suburban Seattle

by Channing Hamilton

BOTHELL, WASH. — JLL Capital Markets has arranged the sale of Stonemeadow Farms, a 280-unit community located at 23028 27th Ave. SE in Bothell, roughly 20 miles northeast of Seattle. LaSalle Investment Management sold the property for $93.1 million. David Young, Corey Marx and Chris Ross led the JLL Capital Market’s investment and sales advisory team representing the seller. The buyer was not disclosed. Stonemeadow Farms was constructed in 1999. The garden-style community consists of 20 buildings on a 29.1-acre site. Amenities include a fitness center, clubhouse with a kitchen …

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CaliforniaCompany NewsInvestment SalesNewsOperationsPeople NewsWestern

Colliers Appoints Christian Prelle as Executive Vice President, Head of Office Agency

by Channing Hamilton

SAN JOSE, CALIF. — Colliers has appointed Christian Prelle as executive vice president and head of office agency at the firm’s San Francisco Bay Area brokerage. In this role, Prelle will expand Colliers’ office agency practice and lead strategic initiatives to enhance the company’s market position in the Bay Area. Prior to joining Colliers, Prelle served as executive managing director at Newmark, where he led the Palo Alto office for 6 years and oversaw roughly 55 brokers and staff.

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Aldercrest Apartments in Seattle
Investment SalesNewsWashingtonWestern

Northmarq Brokers $13.1 Million Sale of Aldercrest Apartments in Seattle

by Channing Hamilton

SEATTLE — Northmarq has arranged the sale of Aldercrest Apartments, a 47-unit community located at 303 10th Ave. in Seattle’s First Hill district. An entity doing business as 303 10th Ave LLC purchased the property for $13.1 million. Tyler Smith, Steve Fischer, Joe Kinkopf, Brendan Greenheck, Taylor Wymna and Matt Johnson of Northmarq’s Seattle Multifamily Investment Sales team represented the undisclosed seller in the deal. Aldercrest Apartments was built in 1999. The property offers studio, one- and two-bedroom floor plans. Apartments feature nine-foot ceilings, bay windows and in-unit washers and …

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Lux on Main in Carrollton, Texas
Investment SalesNewsTexas

Cushman & Wakefield Arranges Sale of 352-Unit Lux on Main Apartments in Metro Dallas

by Channing Hamilton

CARROLLTON, TEXAS — Cushman & Wakefield has brokered the sale of Lux on Main, a 352-unit community in Carrollton, approximately 20 miles north of Dallas. RPM Living purchased the asset from Nimes Real Estate for an undisclosed price. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller in the deal. Lux on Main was constructed in 2019. The community offers studio, one- and two-bedroom units. Amenities include a pool, wellness center, resident lounge and a business center. The property also features 4,095 square feet of fully leased …

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Kensington Crossing in Fredericksburg, Virginia
Investment SalesNewsSoutheastVirginia

The Milestone Group Acquires Two Communities Totaling 676 Units in Fredericksburg, Virginia

by Channing Hamilton

FREDERICKSBURG, VA. — The Milestone Group has acquired two apartment communities totaling 676 units in Fredericksburg, a city situated roughly 60 miles south of Washington, D.C., and 60 miles north of Richmond, Virginia. The communities included in the sale were Kensington Crossing (476 units) and Magnolia Falls (200 units). The Milestone Group assumed the existing loans for both communities and plans to upgrade common areas and amenities. The previous owner fully renovated the interiors at both properties. The seller and sales price were not disclosed.

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Company NewsFinanceInvestment SalesNewsOperationsPeople NewsTexas

IPA Capital Markets Hires Harry Krieger as Managing Director

by Channing Hamilton

DALLAS — IPA Capital Markets, a division of Marcus & Millichap, has hired Harry Krieger to the position of managing director. In this new role, Krieger will be responsible for placing debt for institutional clients. He will be based in Dallas but part of the firm’s Los Angeles-based IPA Capital Markets team, which is led by Brian Eisendrath and Cameron Chalfant. He will collaborate with the firm’s Texas-based IPA multifamily investment sales team — led by Drew Kile and Will Balthrope — to provide clients with capital markets services. Krieger …

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Company NewsDevelopmentLeasing & MarketingNewsOperationsTexas

LV Collective Appoints Alex Perkins as President of Multifamily

by Channing Hamilton

AUSTIN, TEXAS — LV Collective has hired Alex Perkins as president of multifamily. In this role, he will define and execute the Austin, Texas-based firm’s multifamily platform, overseeing strategy, development, capital markets, operations and asset management. Prior to joining LV Collective, Perkins served as a director for Greystar Development and Construction Services. He is a member of the advisory council for the University of Texas Real Estate Center, where he advises on program strategy and curriculum design.

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Avalon Oakridge in Durham, North Carolina
DevelopmentNewsNorth CarolinaSoutheast

AvalonBay Underway on First Phase of 930-Unit Avalon Oakridge in Durham, North Carolina

by Channing Hamilton

DURHAM, N.C. — AvalonBay Communities is currently underway on the development of Avalon Oakridge, a 930-unit project located along Durham-Chapel Hill Boulevard in Durham. The developer broke ground on phase I of the project, which will comprise 459 apartments, earlier this year. The first move-ins are expected to begin in the fall of 2026.  Additionally, AvalonBay Communities has acquired 7.8 acres from Beacon Properties Group for Phases II and III of the development, which will comprise a further 471 apartment units.  Chester Allen, Howard Jenkins and Tiffany Hilburn of CBRE …

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The Pines at Q Plaza Apartments in Omaha, Nebraska
FinanceMidwestNebraskaNews

CBRE Secures Refinancing for 505-Unit Community in Omaha, Nebraska

by Channing Hamilton

OMAHA, NEB. — CBRE has secured a loan for the refinancing of The Pines at Q Plaza Apartments, a 505-unit community in Omaha. John Larsen of CBRE Capital Markets’ Debt and Structured Finance team in Omaha secured the 10-year, full-term interest-only loan through Freddie Mac. The total loan amount was not disclosed. The company purchased the property in 1985 and will use a portion of the loan to renovate the common areas of all units. The Pines at Q Plaza is located at 8633 Q Plaza. Built in 1974, the …

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329 East 9th Street in New York City
Investment SalesNew YorkNewsNortheast

Marcus & Millichap Arranges $38 Million Sale of Mixed-Use Portfolio in Manhattan

by Channing Hamilton

NEW YORK CITY — Marcus & Millichap has arranged the $38 million sale of a six-building portfolio in Manhattan’s East Village neighborhood. The portfolio consists of 56 apartments and five commercial units across 49,513 square feet. Apartments come in one- through six-bedroom floor plans. The properties included in the portfolio are 329-335 East 9th Street and 516-518 East 13th Street. Edifice Partners/Holliswood and JSB Capital Group purchased the assets from The Kushner Cos. for $38 million. Joe Koicim, Logan Markley, Matt Berger and Zan Colin of the NYM Group of …

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