Author

Channing Hamilton

Pointe Grande Dawsonville in Dawsonville, Georgia
FinanceGeorgiaNewsSoutheast

KeyBank Provides $42.9 Million Agency Refinancing for Pointe Grande Dawsonville in Atlanta Suburb

by Channing Hamilton

DAWSONVILLE, GA. — KeyBank Real Estate Capital has provided a $42.9 million Fannie Mae loan for the refinancing of Pointe Grande Dawsonville, a 300-unit asset in the Atlanta suburb of Dawsonville. Justin Ownby and Patrick Fitzgerald of KeyBank’s Commercial Mortgage Group originated the financing on behalf of the borrower, Central Florida-based Hillpointe. Pointe Grande Dawsonville was built between 2022 and 2023. The garden-style community comprises 12 three-story buildings on a 23.5-acre site. Amenities include a fitness center, pool with private cabanas, 24-hour conference and business center, Starbucks coffee and tea …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsSouth CarolinaSoutheast

The Klots Group, Longleaf Real Estate to Break Ground on $250 Million The Preserve in North Myrtle Beach, South Carolina

by Channing Hamilton

NORTH MYRTLE BEACH, S.C. — The Klotz Group of Cos. and Longleaf Real Estate plan to break ground on The Preserve, a $250 million mixed-use development in North Myrtle Beach, this summer. The plans for the 110-acre project call for 370 apartment units, 207 build-to-rent homes, 227 paired villa lots and 10,000 square feet of commercial space. An expected completion date for the development has not been disclosed. The Preserve will eventually be a part of a planned development district situated between the Intercoastal Waterway and the Carolina Bays Parkway. …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNewsSoutheastTennessee

Woodfield Development Secures $53.7 Million in Financing for Margaux Midtown in Nashville, Tennessee

by Channing Hamilton

NASHVILLE, TENN. — Woodfield Development has secured a $53.7 million senior loan for the refinancing of Margaux Midtown, a 292-unit community in Nashville. Built in 2023, Margaux Midtown offers amenities such as a fitness center, clubroom with mini duck bowling, yoga room, work pods, complimentary coffee, sky lounge and rooftop terrace, speakeasy, pool, podcast room and more. BWE provided the financing through its proprietary bridge program. Adam Bieber and Alec Jenkins from BWE’s Washington, D.C. office structured the loan.

Continue Reading
0 FacebookTwitterLinkedinEmail
Pear Ridge in Dallas
DevelopmentInvestment SalesNewsTexas

Excelsa Properties Acquires 168-Unit Pear Ridge in Dallas, Plans $4.3 Million Renovation

by Channing Hamilton

DALLAS — Excelsa Properties has acquired Pear Ridge, a 168-unit property located at 4753 Old Bent Tree Lane in Dallas. Pear Ridge was built in 1986 and consists of 12 buildings. The gated community offers amenities such as lounges, a pool, business center, fitness center, clubhouse, laundry facilities, storage spaces and transportation services. Excelsa Properties plans to invest $4.3 million to renovate the community. Planned upgrades include the installation of new countertops, stainless steel appliances, tile backsplash, vinyl flooring, lighting and plumbing fixtures and ceiling fans. Exterior renovations will include …

Continue Reading
0 FacebookTwitterLinkedinEmail
An unnamed community in Dover, New Jersey
DevelopmentNew JerseyNewsNortheast

Crossroads Cos., CrownPoint Group Break Ground on 90-Unit Development in Dover, New Jersey

by Channing Hamilton

DOVER, N.J. — A joint venture between Crossroads Cos. and CrownPoint Group Inc. has broken ground on a 90-unit development located at 80 East McFarlan St. in downtown Dover, 31 miles west of New York City. Columbia Bank provided construction financing for the project. Circle Squared Alternative Investments provided equity financing. L2i Construction is the general contractor, with Crossroads Companies serving as the project lead.  Minno & Wasko Architects and Planners designed the community. Once completed, the six-story building will house a mix of studio, one- and two-bedroom units. Nine units …

Continue Reading
0 FacebookTwitterLinkedinEmail
Aeolian Building in Meriden, Connecticut
Affordable HousingConnecticutDevelopmentFinanceNewsNortheast

Trinity Financial Secures $51.5 Million in Financing for Conversion Project in Meriden, Connecticut

by Channing Hamilton

MERIDEN, CONN. — KeyBank has provided $51.5 million in financing for a conversion project in Meriden, located about halfway between New Haven and Hartford. The sponsor, Trinity Financial, will use the funds to redevelop the former manufacturing facility of musical instrument maker Aeolian Co. into a mixed-income community. The historic building is located at 85 Tremont St. and was originally constructed in 1887. Once converted, the property will comprise 82 apartments. Units will be subject to a range of income restrictions, with 11 residences to be rented at market rates. …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceInvestment SalesNewsWashingtonWestern

Washington Federal Bank Completes Sale of $2.8 Billion in Multifamily Loans

by Channing Hamilton

SEATTLE — Washington Federal Bank, a wholly owned subsidiary of WaFd Inc., has sold approximately $2.8 billion of multifamily commercial real estate loans to Bank of America. Bank of America will sell the loans to funds managed by Pacific Investment Management Co. The packaged loans all came from WaFd’s acquisition of Luther Burbank Savings in March. The sale of the CRE loans was not a condition of the merger. The sale was executed at no loss to WaFd and provides immediate liquidity, according to the seller.

Continue Reading
0 FacebookTwitterLinkedinEmail
The Westerly in Washington, D.C.
Affordable HousingDevelopmentNewsNortheastWashington, D.C.

AHC, Hoffman & Associates Open 449-Unit Mixed-Income Community in Washington, D.C.

by Channing Hamilton

WASHINGTON, D.C. — Affordable Homes & Communities (AHC) and Hoffman & Associates have opened The Westerly, a 449-unit mixed-income community in Washington, D.C. The asset is located approximately three blocks from The Wharf, a mixed-use development co-developed by Hoffman & Associates. The Westerly offers studio, one- and two-bedroom apartments, including 136 units that are evenly split with income restrictions set at 30 and 50 percent of the area median income. The property features 20,000 square feet of amenities such as a rooftop pool deck, courtyard with a fire pit, entertainment …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFinanceGeorgiaNewsSoutheast

Atlanta BeltLine, Invest Atlanta Approve $172 Million Budget for Affordable Housing Development, Trail Construction

by Channing Hamilton

ATLANTA — The board of directors of Atlanta BeltLine Inc. and Invest Atlanta have approved the Atlanta BeltLine budget for the 2025 fiscal year. The budget totals $172 million, a 12 percent increase over the 2024 budget. The funding will be directed toward a goal set in 2005 to develop 5,600 units of affordable housing in Atlanta by 2030.  The new funding will help The BeltLine to develop more affordable housing than originally set out by the 2005 BeltLine Redevelopment Plan, which is notable since development costs have risen significantly …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaBuild-to-RentDevelopmentNewsWestern

Trilogy Investment Co., Cimbra Partners Break Ground on 84-Unit Build-to-Rent Project in Avondale, Arizona

by Channing Hamilton

AVONDALE, ARIZ. — Trilogy Investment Co. and Cimbra Partners LLC have commenced site development at Rêve at Encanto West, a build-to-rent project comprising 84 townhomes in the Phoenix suburb of Avondale. Residences will come in three-bedroom layouts and feature two and half bathrooms, flexible space for a bedroom or office, stainless steel appliances, granite countertops and garages. Amenities will include a clubhouse with grilling stations and a pool.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.