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Lynn Peisner

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Rethinking Design in an Age of Smaller Households and Shifting Generational Financial Priorities

by Lynn Peisner

The conversation around housing affordability has never been more urgent or nuanced. The dominant narrative often centers on rising costs and supply constraints. But zoom out, and the story becomes one of shifting household demographics, evolving expectations around wellness and a changing definition of what “home” really means. For multifamily developers, investors and architects, these trends demand fresh thinking and bold solutions that can answer the definition of home beyond the traditional meaning. The fourth and latest wave of the America at Home Study, conducted in spring 2025, is a …

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Montreux-Phoenix
ArizonaFinanceNewsWestern

PCCP Provides $84 Million Refinancing Loan to Pacific Development Partners

by Lynn Peisner

PHOENIX — PCCP has provided an $84 million senior loan to Los Angeles-based Pacific Development Partners for the refinancing of Montreux, a 335-unit community in Phoenix. The three-building property was developed in 2019 and is approximately 89 percent leased. The financing was arranged by James Bach of CBRE. Montreux’s units are offered in one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, a rooftop clubhouse, pickleball and tennis courts, a game room with a multi-sport simulator and parking.

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Montego-Bay-Apartments-Hialeah
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers $12 Million Sale of Miami-Dade Property

by Lynn Peisner

HIALEAH, FLA. — Marcus & Millichap has arranged the $12 million sale of Montego Bay Apartments, a 45-unit property in Hialeah. The property was developed in 1972 as apartments and was converted to condos in the early 2000s. The property returned once again to a rental model approximately two years ago. Montego Bay features one-, two- and three-bedroom units with covered parking. Evan Kristol and Felipe Echarte, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private partnership, and procured the buyer, an investment group. 

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Mockingbird-Station-Dallas
Affordable HousingDevelopmentNewsTexas

High Street Residential Breaks Ground on Dallas TOD

by Lynn Peisner

DALLAS — High Street Residential (HSR), a subsidiary of Trammell Crow Co., has broken ground on a 394-unit transit-oriented development in Dallas. The project, which has yet to be formally named, is part of a multi-phase conversion of approximately 16 acres of under-utilized surface parking owned by the Dallas Area Rapid Transit (DART) agency. The project is located at the SMU/Mockingbird station. At full buildout, the area will be a pedestrian-friendly, mixed-use neighborhood surrounding the DART station. HSR’s apartment project is expected to be complete by the end of 2027. …

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Skylar-Ridge-Hoover
AlabamaFinanceNewsSoutheast

Westside Capital Group Refinances Skylar Ridge in Hoover, Alabama

by Lynn Peisner

HOOVER, ALA. — Westside Capital Group is refinancing Skylar Ridge, a 140-unit property in Hoover, with a $21.8 million loan arranged by JLL. Crestline Investors was the lender. The owner has completed a renovation that updated the clubhouse with a new fitness center. Other improvements include a new pool deck and dog parks. Following the $2.5 million redevelopment, Westside Capital Group has increased rents by 21 percent on leases signed in the third quarter of 2025. The occupancy rate in May 2024 was 60 percent and had risen to 97 …

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Renova-West-Bronx
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Gilbane Secures Financing for $193 Million Bronx Affordable Housing Development

by Lynn Peisner

NEW YORK CITY — Gilbane Development and several project partners have closed on financing for Renova West at 860 Concourse Village East in the Morrisania neighborhood in the Bronx. The $193 million project encompasses a 19-story mixed-use affordable housing development along with a new 7,000-square-foot ICL Bronx Health Hub, which provides physical and behavioral health care. Development partners include the Institute for Community Living (ICL), Tredway, New York City’s Department of Housing Preservation and Development (HPD) and Housing Development Corp. (HDC). The capital stack is comprised of debt and equity …

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Dulce-Vida-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Coral Rock Development to Build $85 Million Workforce Project in Miami-Dade

by Lynn Peisner

MIAMI — Locally based Coral Rock Development Group has secured a $54 million construction loan from Citibank for Dulce Vida, a 227-unit mixed-income, mixed-use community in Miami’s Allapattah neighborhood. Construction will begin in the first quarter of 2026. A completion date was not disclosed. The total project cost is approximately $85 million. Dulce Vida is a Live Local Act multifamily development. The statewide legislation, adopted in 2023 and updated in 2024, was created to accelerate the building of affordable housing housing near jobs and transit by pairing land-use incentives with …

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3100-3118-Patrick-Henry-Drive-Santa-Clara
CaliforniaDevelopmentInvestment SalesNewsWestern

Berkadia Arranges $12.5 Million Land Sale in Silicon Valley

by Lynn Peisner

SANTA CLARA, CALIF. — JEMCOR Development Partners and Scaled Projects acquired a 2.5-acre site in Santa Clara for $12.5 million on Dec. 18. Jason Parr and Scott MacDonald of Berkadia San Francisco arranged the sale. The site is adjacent to Levi’s Stadium, home of the San Francisco 49ers, and is zoned for high-density residential development within the city’s Patrick Henry Drive Specific Plan Area. The plan was adopted by the Santa Clara City Council in 2022 with the goal to redevelop a series of office parks, some developed in the …

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Alexan-Access-Lynnwood
Investment SalesNewsWashingtonWestern

Trammell Crow Sells Alexan Access in Metro Seattle to Bell Partners for $145 Million

by Lynn Peisner

LYNNWOOD, WASH. — Bell Partners has acquired Alexan Access in Lynnwood for $145 million. JLL Capital Markets arranged the sale as well as an $83.2 million Fannie Mae acquisition loan. The seller was Trammell Crow Residential. Located at 2727 Alderwood Mall Blvd., about 16 miles north of Seattle, Alexan Access was built in 2023 and includes 383 units as studios, one-, two- and three-bedroom floor plans across four buildings. A resort-style pool and hot tub, a sky lounge with a rooftop deck, coworking spaces, a fitness center with a second-level …

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Brickell-Starlite-Miami
DevelopmentFinanceFloridaNewsSoutheast

JV Receives $250 Million Construction Loan to Build Miami Tower

by Lynn Peisner

MIAMI — Focus, a Chicago-based developer, and Group Fox, an investment and property management company also out of Chicago, have received a $250 million construction loan to build Brickell Starlite in Miami. Affinius Capital was the lender. Cushman & Wakefield arranged the financing. Brickell Starlite is a to-be-built, 39-story, 517-unit luxury property in Miami’s Brickell submarket on the site of the former Starlite Motel. Units will be offered as studio, one-, two- and three-bedroom layouts with 5 percent of the units designated for workforce housing. The development will feature amenities …

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