Author

Channing Hamilton

Frankford Grand in Philadelphia
DevelopmentNewsNortheastPennsylvania

U.S. Development Completes 107-Unit Frankford Grand in Philadelphia

by Channing Hamilton

PHILADELPHIA — U.S. Development has completed Frankford Grand, a 107-unit community located at 1120 Frankford Ave. in the Fishtown neighborhood of Philadelphia. The unit mix includes 50 studios, 32 one-bedroom units and 25 two-bedroom apartments. The first move-ins at the community began on September 15. Amenities include a full-size gym, courtyard garden with bocce ball courts, firepit area, sun deck, 12,000-square-foot green roof and a panoramic roof deck with an outdoor kitchen, grilling areas and shaded terraces. Frankford Grand also includes 15,000 square feet of retail space across two floors. …

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Peachtree Landing in Fairburn, Georgia
GeorgiaInvestment SalesNewsSoutheast

LRE Management Acquires Three-Property Portfolio in Suburban Atlanta for $102 Million

by Channing Hamilton

ATLANTA — LRE Management has purchased a portfolio of three properties totaling 778 units in the Atlanta metro area for $102 million. The assets included in the portfolio are Eastwood Village in Stockbridge, Monterey Village in Jonesboro and Peachtree Landing in Fairburn. Amenities at each community include a pool and fitness center. The seller was not disclosed. LRE, which assumed mortgage debt in the purchase, plans to renovate select unit interiors, as well as update the amenities and implement new property management.

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Nathan Wilcox, Principal Architect, The Beck Group
Architecture & DesignDevelopmentIndustry VoicesMidwestNortheastOperationsSoutheastTexasWestern

Four Trends to Watch in Multifamily Design

by Channing Hamilton

Four significant cultural shifts are driving the evolution of multifamily design. Today, developers and architects must create spaces that serve the remote work trend, meet the demand for wellness amenities, keep up with changing sustainability and technology standards and create communities that socially engage their residents. How Hybrid Work Schedules Have Changed Design The shift to remote and hybrid work has profoundly influenced design offerings and space planning at an unprecedented pace in multifamily developments. Before the shift to full-time or partial work from home, the average size of most …

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Investment SalesLeasing & MarketingNewsPeople News

Capital Square Hires Jessica Correnti as Senior Vice President of National Accounts

by Channing Hamilton

RICHMOND, VA. — Capital Square has hired Jessica Correnti to the role of senior vice president of national accounts. In this position, she will oversee the firm’s existing relationships with broker-dealers and registered investment advisors and lead Capital Square’s pursuit of new relationships.  Correnti previously served as director of national accounts for Peachtree Group and a senior vice president with Waypoint Real Estate Investments. She began her career with Morgan Stanley as a financial advisor in 2013 before transitioning into investment product distribution as a senior internal sales associate with …

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Hilliard Village in Columbus, Ohio
FinanceMidwestNewsOhio

JLL Capital Markets Arranges $20 Million Bridge Financing for Hilliard Village in Columbus, Ohio

by Channing Hamilton

COLUMBUS, OHIO — JLL Capital Markets has arranged $20 million in bridge financing for Hilliard Village, a 352-unit community in Columbus. JLL worked on behalf of the borrowers, Machine Investment Group and RH, to arrange the three-year, fixed-rate loan through The Bancorp Inc. Jamie Leachman, Medina Spiodic and Carter Wroblewski led the JLL Capital Markets Debt Advisory team representing the borrowers. Hilliard Village was originally built in 1973. Located at 3400 Twin Creeks Drive, the garden-style community is situated approximately 8 miles from Columbus’s downtown area. Units come in one-, two- and three-bedroom …

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325 S Union St. in Aurora, Illinois
DevelopmentIllinoisInvestment SalesMidwestNews

SVN | Chicago Commercial Brokers $1.5 Million Sale of Historic Industrial Property in Aurora, Illinois, for Multifamily Conversion

by Channing Hamilton

AURORA, ILL. — SVN | Chicago Commercial has arranged the sale of a 45,000-square-foot industrial property located at 325 S Union St. in Aurora, about 41 miles west of Chicago. The 111-year old building was originally utilized to manufacture vehicle parts during World War II. The undisclosed buyer plans to use historic tax credits to convert the building into market-rate multifamily housing. James Mead of SVN | Chicago Commercial represented the seller in the transaction.

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1501 N California Ave. in Chicago
IllinoisInvestment SalesMidwestNews

Interra Realty Arranges $19.3 Million Sale of 97-Unit Portfolio in Chicago

by Channing Hamilton

CHICAGO — Interra Realty has brokered the sale of a five-building, 97-unit portfolio located on Chicago’s northwest side. Joe Smaza and Mark Dykstra of Interra Realty arranged the deal on behalf of the buyer, Silver Property Group Ltd., a Chicago-based real estate investment and management company. Interra Realty also represented the seller, an investment group based in the East Coast. The portfolio traded for $19.3 million. The portfolio consists of the following properties:

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Iron District in Charlotte, North Carolina
DevelopmentNewsNorth CarolinaSoutheast

Trammell Crow Co. to Develop First Phase of 55.5-Acre Mixed-Use Project in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Trammell Crow Co. has been selected to develop the first phase of Iron District, a 55.5-acre mixed-use project in the Uptown and South End neighborhoods of Charlotte. A subsidiary of Charlotte Pipe and Foundry Co. doing business as Iron District LLC selected Trammell Crow Co. as the developer of the project. Trammell Crow Co. will also assist in the master planning for the overall development. The project team also includes LandDesign, S9 Architecture and Of Place. Upon completion, the first phase of Iron District will feature 500 …

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Stella at Five Points in Huntsville, Alabama
AlabamaDevelopmentFeaturesLeasing & MarketingOperationsSoutheast

Huntsville is a City of Opportunity for Community Building

by Channing Hamilton

Huntsville is a land of opportunity for new projects. The “Rocket City” is the most aggressive market in the nation for apartment development, according to data from RealPage. The city claimed that title in 2022 and has maintained it ever since. Developers completed roughly 5,900 units in the first quarter of 2024, according to RealPage. This expanded supply by 15.9 percent. Another 9,895 units are currently under construction, with 6,900 of those apartments slated to deliver by the end of the first quarter of 2025. RealPage estimates the city will …

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Cobble Hills in Fort Worth, Texas
Investment SalesNewsTexas

Marcus & Millichap Negotiates Sale of 136-Unit Cobble Hills in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Marcus & Millichap has negotiated the sale of Cobble Hills, a 136-unit community located at 6050 Oakland Hills Drive in Fort Worth. The property consists of 12 buildings that house a mix of one-, two- and three-bedroom apartment units. Al Silva and Ford Braly of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, Obsidian Capital, and procured the buyer, an out-of-state family office. Additionally, Marcus & Millichap Capital Corp. (MMCC), a subsidiary of Marcus & Millichap, secured $7.5 million in acquisition financing for …

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