Author

Channing Hamilton

An unnamed development in Harrison, New York
Affordable HousingDevelopmentNew YorkNewsNortheast

The NRP Group, RPW Group Break Ground on 200-Unit Development in Harrison, New York

by Channing Hamilton

HARRISON, N.Y. — A partnership between NRP Group and RPW Group has broken ground on a 200-unit project in the New York City suburb of Harrison. Once completed, the community will offer 30 studios, 86 one-bedroom and 84 two-bedroom units. Five percent of units will be designated for residents earning 80 percent of the area median income. The property will also feature five acres of open space including an outdoor walking trail system that will be open to the public, a dog park and a community garden operated by West …

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An unnamed project in Charlotte, North Carolina
DevelopmentFinanceNewsNorth CarolinaSoutheast

Concord Summit Capital Arranges $75 Million Construction Financing for Development in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Concord Summit Capital has arranged $75 million in financing for the development of a community in Charlotte. Daniel Eidson of Concord Summit arranged the financing on behalf of the borrower, whose identity was not disclosed. The borrower plans to use the funds to refinance the existing land loan and complete construction. Once completed, the community will offer amenities such as a pool and sun deck, rooftop terrace, fitness center, private work and conferencing spaces, a top-floor lounge and kitchen with a bar, garage parking with EV chargers, …

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Sevila at Downtown Doral in Doral, Florida
DevelopmentFloridaNewsSoutheast

Codina Partners Secures Site Plan Approval for 412-Unit Sevila at Downtown Doral Near Miami

by Channing Hamilton

DORAL, FLA. — Codina Partners has received site plan approval for Sevilla at Downtown Doral, a 412-unit project in the Miami suburb of Doral. Sevilla will offer one-, two- and three-bedroom units ranging from 720 to 1,708 square feet. Planned amenities include a pool with a deck featuring outdoor loungers, BBQ stations, cabanas, Zen courtyard and a dog park. The community will be situated within Downtown Doral, a 250-acre mixed-use development. Codina Plans to construct Sevilla in two phases, with Phase I move-ins slated to begin in the second quarter …

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2001 East Apartments in Richmond, Virginia
Leasing & MarketingNewsSoutheastVirginia

TMF Awarded Management of Six-Property Portfolio in Metro Richmond, Virginia

by Channing Hamilton

RICHMOND AND PETERSBURG, VA. — Mercer Street Partners has selected Thalhimer Multifamily (TMF) to manage a portfolio of six properties in the Richmond metropolitan area. The portfolio totals over 680 units and will add 25 new associates to TMF’s portfolio. The properties are a mix of mid-rise and garden-style.  The portfolio includes:

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Dallas-Fort Worth
DevelopmentFinanceFrom the MagazinesMarket ReportsTexas

Dropoff in New Construction Will Drive Future Rent Growth in Dallas

by Channing Hamilton

The multifamily sector in Dallas-Fort Worth has faced a challenging capital market environment over the past year. But like its counterparts in the Sun Belt, the local market has proven to be resilient based on economic performance, employment and population growth, as well as other market fundamentals. Sentiments about the commercial real estate sector in Dallas-Fort Worth, as a result, have turned very positive since the start of the year, though a significant number of investors remain cautiously optimistic. Employment indicators in Dallas-Fort Worth best displayed the resilience we saw …

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DevelopmentFinanceFloridaNewsSoutheast

WMG Development Appoints Todd Bleakley as Vice President of Multifamily

by Channing Hamilton

WINTER GARDEN, FLA. — WMG Development (WMG), an investment and development company based in Winter Garden, has appointed Todd Bleakley as its first Vice President of Multifamily. Bleakley has led market-rate institutional developments totaling approximately 10,000 units across the state of Florida. Prior to joining WMG, Bleakley managed boutique, regional and national development offices throughout the Southeast. He is a licensed Florida Real Estate Broker and has completed the Certified Commercial Investment Member program.

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Kanvas in Los Angeles
CaliforniaFinanceNewsWestern

Priority Group Brokers $21.6 Million Recapitalization for Kanvas in Los Angeles

by Channing Hamilton

LOS ANGELES — Priority Capital Advisory (PCA) has arranged $21.6 million in financing for the recapitalization of Kanvas, a 67-unit community in Los Angeles’ Koreatown submarket. Zachary Streit of PCA arranged the financing through BOLOUR. EGC Real Estate Group was the borrower.  The unit mix includes 13 studios, 33 one-bedroom and 21 two-bedroom apartments. Seven units are set aside as affordable. Amenities include a rooftop amenity deck, fitness center, courtyard, storage space, bicycle parking and underground and surface vehicle parking. The property also includes 1,105 square feet of ground-floor retail space.

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Affordable HousingDevelopmentMassachusettsNewsNortheast

TCB Breaks Ground on 65-Unit Mixed-Income Community in Provincetown, Massachusetts

by Channing Hamilton

PROVINCETOWN, MASS. — The Community Builders (TCB) has broken ground on Province Post, a 65-unit mixed-income community in Provincetown, at the northern tip of Cape Cod. Province Post will offer 18 studio, 32 one-bedroom, 10 two-bedroom and five three-bedroom apartments. The property’s affordable component will apply to households earning between 30 and 80 percent of the area median income. Construction is slated to complete in spring 2026.

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Company NewsDevelopmentGeorgiaInvestment SalesLeasing & MarketingNewsSoutheastStudent Housing

Argus Eyed Partners, Sierra Property Management Rebrand as AREY Group

by Channing Hamilton

MACON, GA. — Argus Eyed Partners and Sierra Property Management have rebranded as AREY Group, a fully integrated real estate platform based in Macon, Georgia. The platform will be focused on development and acquisitions, and will also offer asset and property management services. AREY Group has completed over 2 million square feet of multifamily and commercial development on institutional campuses. The company has developed and manages over 2,000 units of conventional multifamily and student housing units across the Southeast. 

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400 Lake Shore in Chicago
DevelopmentIllinoisMidwestNews

Related Midwest Breaks Ground on 635-Unit 400 Lake Shore in Chicago

by Channing Hamilton

CHICAGO — Related Midwest has broken ground on 400 Lake Shore, a two-tower waterfront development located in the Streeterville neighborhood of Chicago’s Near North Side. The first phase of 400 Lake Shore will comprise a 72-story tower featuring 635 units. Of the total unit count, 20 percent (127 units) will be designated as affordable housing. Apartments will come in studio, one-, two- and three-bedroom floor plans. LR Contracting Co., Related Midwest’s in-house contracting company, will construct the first building alongside BOWA Construction. Skidmore, Owings & Merrill designed the project. MAWD …

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