Author

Lynn Peisner

Bend-on-Bluebonnet-Baton-Rouge
FinanceLouisianaNewsSoutheast

JLL Arranges $42.8M Refinancing for Bend on Bluebonnet in Baton Rouge

by Lynn Peisner

BATON ROUGE, LA. — JLL Capital Markets has arranged a $42.8 million loan to refinance Bend on Bluebonnet, a 301-unit luxury community at 10231 Bluebonnet Blvd. in Baton Rouge. TWG Development and Mandrake Capital Partners are the owners/borrowers. The lender was Balbec Capital. Bend on Bluebonnet was completed in 2023 on a 13-acre site and is comprised of one-, two- and three-bedroom units as well as a pool, 24-hour fitness center, coworking lounge, coffee bar, pet park with washing stations, grills and a firepit. Michael Zaremski and Clayton Ross headed …

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Colina-Hillside-Birmingham
AlabamaDevelopmentNewsSoutheast

Dobbins Group, Capstone Building Corp. Complete Development of Colina Hillside in Birmingham, Alabama

by Lynn Peisner

BIRMINGHAM, ALA. — Dobbins Group along with general contractor Capstone Building Corp., both locally based, have completed construction of Colina Hillside in Birmingham. The 475-unit property was designed by Williams Blackstock Architects and features two saltwater pools with cabanas and outdoor entertainment areas, pet spa and parks, a clubhouse, coworking areas, a firepit, electric vehicle charging stations, a market, garages, storage spaces and a walking path. Floor plans include one-, two- and three-bedrooms set within four- and five-story buildings.

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Grove-at-Cheney
AlabamaInvestment SalesNewsSoutheastStudent HousingWashingtonWestern

JV Secures $38.4M to Acquire Three Former Student Housing Properties

by Lynn Peisner

NEW YORK CITY — Eastman Residential and Triangle Capital Group have acquired a three-property portfolio of former student housing communities that will be converted to conventional multifamily assets. JLL arranged a $39.4 million three-year, floating rate acquisition loan. The portfolio consists of Grove at Cheney (192 units) in Cheney, Washington, Arch at Troy (192 units) in Troy, Alabama, and CB at Radford (222 units) in Radford, Virginia. Each property was originally developed as off-campus student housing but has underperformed because of distance from their respective university campuses relative to competing …

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Acappella-Lynnwood
Investment SalesNewsWashingtonWestern

Weidner Sells Puget Sound Asset for $112M

by Lynn Peisner

LYNNWOOD, WASH. — Weidner Apartment Homes has sold A’Cappella Apartment Homes in Lynnwood for $112 million. The Puget Sound Business Journal identifies Pacific Urban Investors as the buyer. Kyle Yamamoto, Eli Hanacek and Natalie Kasper of CBRE’s Pacific Northwest multifamily team represented Weidner. Built in 1989, A’Cappella is located at 15001 35th St. and was 95 percent occupied at the time the deal closed. Lynnwood sits at the northern terminus of Sound Transit’s Link light rail, which opened in August 2024 and connects residents to Seattle.

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Flatiron
Architecture & DesignDevelopmentFeatures

How Aging Malls are Being Transformed Into Mixed-Use Neighborhoods

by Lynn Peisner

By Carl Malcolm and W. Brian Keith Across the United States, aging regional malls are entering a new phase in the evolution of suburban landscapes. Once designed as inward-facing retail environments surrounded by vast parking lots, many now sit within fully developed communities that have grown up around them. What were once peripheral shopping destinations are occupying some of the most strategically located land in metropolitan areas — often 50 to 100 acres at highly visible intersections with strong infrastructure and regional access. As traditional retail models struggle to compete …

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Ekos-at-Rockledge-Park-Rockledge
Affordable HousingDevelopmentFloridaNewsSoutheast

McDowell Housing Partners Breaks Ground on $38.2M Affordable Housing Community in Rockledge, Florida

by Lynn Peisner

ROCKLEDGE, FLA. — McDowell Housing Partners (MHP) has begun construction of Ekos at Rockledge Park, a $38.2 million, 100-unit affordable housing community in Rockledge. The property’s one-, two- and three-bedroom units will be reserved for households earning up to 30, 60 and 70 percent of area median income. The LIHTC project will be built to National Green Building Standards. Units will be equipped with Energy Star-rated appliances, low-flow plumbing fixtures, LED lighting and other energy-efficient features. Amenities feature a clubhouse, fitness center, business center with computer stations, package lockers, community …

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ParkRow-Houston
DevelopmentNewsTexas

OHT Breaks Ground on Park Row in Houston

by Lynn Peisner

HOUSTON — OHT Partners has broken ground on Park Row, a 360-unit community at 14192 Park Row Blvd. in Houston. Situated on 14 acres, Park Row will be comprised of one- and two-bedroom units ranging from 702 to 1,257 square feet. Amenities include a clubhouse, fitness room, coworking areas with private offices, package lockers, resort-style pool with cabanas, a dog park and spa, a pickleball court and electric vehicle chargers. OHT Partners is serving as the general contractor. The architect is Meeks + Partners. A construction timeline was not disclosed.

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Opportunity-Village-West-Louisville
Affordable HousingDevelopmentKentuckyNewsSoutheast

Woda Cooper Cos. Breaks Ground on Opportunity Village in Louisville, Kentucky

by Lynn Peisner

LOUISVILLE, KY. — Woda Cooper Cos. along with Goodwill Kentucky have begun development of Opportunity Village, a four-story, 76-unit affordable housing community on the Norton Healthcare Goodwill Opportunity Campus in West Louisville. The 20-acre campus is home to Norton West Louisville Hospital and Goodwill’s West Louisville Opportunity Center, where residents can find assistance securing work, locating housing, accessing legal resources and more. The $19.7 million Opportunity Village will include one- and two-bedroom apartments rented monthly for approximately $695 to $1,295, based on the rent restrictions of 50 and 80 percent …

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Cambria-Villas-Rialto
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $12.3M Sale of Cambria Villa in Fontana, California

by Lynn Peisner

FONTANA, CALIF. — CBRE has brokered the sale of Cambria Villa Apartments, a 50-unit community at 1531 West Rialto Ave. in Fontana, about 7 miles west of San Bernardino. Eric Chen and Blake Torgerson of CBRE represented both the undisclosed buyer and seller. The asset traded for approximately $12.3 million. Built in 1985, the gated community is comprised of one- and two-bedroom units along with a pool, landscaped courtyard with a picnic area, private garages and guest parking.

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3233-47-North-Sheffield-Chicago
Affordable HousingDevelopmentFinanceIllinoisInvestment SalesMidwestNews

Associated Bank Supplies $29.4M Acquisition and Development Loan for Chicago TOD

by Lynn Peisner

CHICAGO — Associated Bank has provided a $29.4 million loan to a joint venture of North Park Ventures and SNS Realty Group for the development of a transit-oriented project at 3233-47 N. Sheffield Ave. in Chicago. The loan includes funds for the acquisition of the former Tortenson Glass Co., which includes approximately 30,000 square feet. Tortenson operated at the site from 1910 to 2024. The five-story, 99-unit apartment building will offer 84 market-rate units and 15 affordable-housing units. Floor plans will consist of studios, one- and two-bedrooms. Amenities will feature …

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