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Channing Hamilton

Forty-Six Fifty in New York City
DevelopmentLeasing & MarketingNew YorkNewsNortheast

Arden Group Opens 22-Story Mixed-Use Community in Manhattan

by Channing Hamilton

NEW YORK CITY — Philadelphia-based development and investment firm Arden Group has opened Forty-Six Fifty, a 22-story mixed-use development situated at 4650 Broadway in the Inwood neighborhood of Manhattan. Handel Architects designed the building. Forty-Six Fifty consists of 222 apartments in studio, one- and two-bedroom floor plans. Thirty percent of units are subject to undisclosed income restrictions. Amenities include a fitness center, resident lounge, screening room and children’s play area. The property also includes 120,000 square feet of commercial space that is leased to a charter school and supermarket.

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The investment sales panel at InterFace Multifamily Southeast
Conference CoverageFeaturesGeorgiaNewsSoutheast

InterFace: Multifamily Investors Are Bullish on 2025 Sales Market, Though Many Hurdles Will Carry Over into New Year

by Channing Hamilton

Speakers on the investment sales panel at the annual InterFace Multifamily Southeast conference were overall bullish on the sector’s investment prospects in the new year. The event, now in its 15th year, was held on Wednesday, Dec. 4 at the Cobb Galleria Centre in Atlanta. To kick off the panel, moderator Paul Berry, president and COO of Mesa Capital Partners, discussed what a recovery could look like in terms of investment sales volume. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real …

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Union Green in Union City, Georgia
DevelopmentGeorgiaNewsSoutheast

Woodfield Development Delivers 295-Unit Community in Union City, Georgia

by Channing Hamilton

UNION CITY, GA. — Woodfield Development has completed Union Green, a 295-unit project located at 4980 Stonewall Tell Road in Union City, about 18 miles southwest of Atlanta. The community offers a mix of one-, two- and three-bedroom units, which average 741 to 1,573 square feet. Amenities include a pool with a sun lounge area, club lounge, demonstration kitchen, outdoor social commons with a grilling area, fitness studio and sky lounge. The development team for Union Green included general contractor CBG Building Co., architect of record Fifth Dimension Architecture and …

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Presidium Valley View in Farmers Branch, Texas
DevelopmentNewsTexas

Presidium Begins Leasing 348-Unit Project in Farmers Branch, Texas

by Channing Hamilton

FARMERS BRANCH, TEXAS — Presidium has begun leasing Presidium Valley View, a 348-unit project located in Farmers Branch, roughly 15 miles northwest of Dallas. The community offers studio, one-, two- and three-bedroom units that range from 573 to 1,631 square feet. Rents start at $1,585 per month for a studio apartment. Residents have access to amenities such as a fitness center, clubroom, coffee bar, theater lounge with a golf simulator and coworking spaces. Outdoor amenities include a pool, yoga lawns, grilling areas and a pet park with a spa. The …

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Preserve at Melrose in San Diego
CaliforniaInvestment SalesNewsWestern

Mesirow Acquires Preserve at Melrose in San Diego for $185 Million

by Channing Hamilton

SAN DIEGO — Chicago-based financial services firm Mesirow has purchased Preserve at Melrose, a 410-unit property located in the Vista neighborhood of San Diego, for $185 million. Built in 2015, Preserve at Melrose offers one-, two- and three-bedroom floor plans. According to Apartments.com, the garden-style community features amenities such as a business center, clubhouse, lounge, fitness center, pool, playground and courtyard. Hunter Combs of Walker & Dunlop represented the seller, a locally based group, and the buyer in the deal.

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Brendan Kelly
Affordable HousingFinanceIndustry VoicesOperations

How to Minimize Affordable Housing Property Taxes

by Channing Hamilton

Most people who have studied real estate investing will recall that property expenses are divided into controllable and noncontrollable buckets. In the noncontrollable bin are items like insurance, utilities and property taxes. And while it is true that these expenses usually are unavoidable, an owner should try to exert some level of control, at least in the case of taxes.  Taxing entities calculate property taxes by multiplying a property’s assessment by its jurisdiction’s tax rate. The rate is indeed noncontrollable, but savvy owners will review their assessments and challenge them …

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Company NewsInvestment SalesNewsPeople NewsTexas

Cityview Hires Quinn Konitshek as Director of Acquisitions

by Channing Hamilton

DALLAS — Cityview has hired Quinn Konitshek to the role of director of acquisitions. In this position, Konitshek will help the investment management and development firm expand its pursuit of stabilized and ground-up acquisition opportunities throughout the southwestern United States, with particular focus on Texas, Arizona and Colorado. Konitshek will be based in Cityview’s newly opened office in Dallas. He will report to Damian Gancman, who was recently promoted to the role of chief investment officer. Prior to joining Cityview, Konitshek sourced multifamily transactions across Texas and the southwestern United …

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The Place at Castle Hills in San Antonio, Texas
Investment SalesNewsTexas

Harvest Equities Purchases 680-Unit The Place at Castle Hills in San Antonio, Texas

by Channing Hamilton

SAN ANTONIO — Philadelphia-based Harvest Equities has purchased The Place at Castle Hills, a 680-unit property in San Antonio, from MC Cos. for an undisclosed price. Built in 1984 on a 23-acre site, the garden-style community rises two stories and features three pools, a business center and clubhouse. The average unit size is 687 square feet. Drew Garza, Will Balthrope and Ben Kalter of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

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Emblem at Tower in Manor, Texas
DevelopmentFinanceNewsTexas

Associated Bank Provides $60.4 Million Construction Loan for Affordable Housing Project in Austin Suburb

by Channing Hamilton

MANOR, TEXAS — Associated Bank has provided a $60.4 million construction loan for Emblem at Tower, a 324-unit affordable housing development located at 12100 Tower Road in Manor, about 15 miles northeast of Austin, Texas. Great Southern Bank joined Associated Bank in the construction loan syndication. Dominium was the borrower. Emblem at Tower will consist of 11 three-story buildings that house a mix of two-, three- and four-bedroom units. The 4-percent LIHTC project will be available to households earning less than 60 percent of the area median income. Residents will …

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NewsOperationsPeople NewsSoutheastVirginia

The Breeden Co. Selects Barry Tomlin as Vice President

by Channing Hamilton

VIRGINIA BEACH, VA. — Barry Tomlin has returned to The Breeden Co. as vice president of customer service and marketing. Tomlin previously served in various leadership capacities at The Breeden Co. He has come out of retirement in order to accept the position. As vice president, he will develop and implement strategies to enhance customer satisfaction and engagement. Tomlin will also oversee The Breeden Co.’s marketing initiatives.

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