Author

Lynn Peisner

1601-Sansom-Philadelphia
Investment SalesNewsNortheastPennsylvania

Capano Residential Buys Historic Philadelphia Apartment Building for $24 Million

by Lynn Peisner

PHILADELPHIA — Capano Residential, a developer/owner based out of Wilmington, Delaware, has acquired Rittenhouse Row Apartments in Philadelphia’s Center City for $23.7 million. The building was constructed in 1910 and converted to residential in the early 1990s. Capano is planning to invest approximately $2 million in renovations to the second floor, where the fitness and leasing centers are currently located. The entire floor will be demolished making way for four additional apartments, renovated leasing and fitness centers and an amenity space for coworking and social gatherings. The upgrades are slated …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bell-Trelago-Maitland
FloridaInvestment SalesNewsSoutheast

Bell Partners Buys Trelago in Greater Orlando for $111 Million

by Lynn Peisner

MAITLAND, FLA. — Bell Partners has purchased Trelago, a 350-unit community in Maitland, eight miles north of Orlando. The property has been renamed Bell Trelago. According to the Orlando Business Journal, the sales price was $111.3 million, and the seller was Kettler Inc. Developed in 2019, Bell Trelago is situated on 20 acres on Lake Hope. It is part of the Trelago mixed-used development that includes 135,000 square feet of retail including a future Trader Joe’s store. Walker & Dunlop arranged the sale. With this acquisition, Greensboro, North Carolina-based Bell …

Continue Reading
0 FacebookTwitterLinkedinEmail
maddox-sunnyvale-California
CaliforniaInvestment SalesNewsWashingtonWestern

IEC, PGIM Buy Four-Property Portfolio for $272 Million

by Lynn Peisner

LOS ALTOS, CALIF. — Interstate Equities Corp. (IEC), a Los Altos-based investor specializing in value-add assets in California and the Seattle metro area, has acquired a four-property portfolio for $272 million with joint venture partner PGIM. Mesa West Capital provided a $201.5 million acquisition loan arranged by Eastdil Secured. The assets, developed between 1987 and 2015, are The Maddox (184 units) in Sunnyvale, California; Catalyst Mountain View (149 units) in Mountain View, California; Cirrus Redwood City (141 units) in Redwood City, California; and Cumulus SLU (100 units) in Seattle. IEC …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Beacon-at-Pfluger-Farm-Pflugerville
Investment SalesNewsTexas

Virga Capital Buys The Beacon at Pfluger Farm in Metro Austin

by Lynn Peisner

PFLUGERVILLE, TEXAS — Virga Capital, a development and investment firm based in Bozeman, Montana, has acquired The Beacon at Pfluger Farm in the Austin suburb of Pflugerville, about 22 miles northeast of the city. The seller was not disclosed. The three-story garden-style community was built in 2022 and includes one-, two- and three-bedroom units complemented by amenities that include a resort-style pool, two fitness centers, a clubhouse, coworking and lounge spaces, private garages and outdoor gathering areas. Dallas-based Valiant Residential has been selected to manage the property.

Continue Reading
0 FacebookTwitterLinkedinEmail
Columbus-Park-Omaha
Affordable HousingDevelopmentMidwestNebraskaNews

The Annex Group Breaks Ground on $60 Million Affordable Housing Community in Omaha

by Lynn Peisner

OMAHA, NEB. — The Annex Group has broken ground on Central at Columbus Park, a 156-unit affordable housing community at 1031 S. 21st St. in Omaha. The one-, two-, three- and four-bedroom units will be reserved for households earning a wide range of incomes, starting with families earning no more than 30 percent of area median income. Project partners include BVH Architecture, Lange Structural Group, Engineering Technologies Inc., REGA Engineering, Terracon, RMD Group, Wells Fargo, NP Dodge, Nebraska Investment Finance Authority, Front Porch Investments and the City of Omaha. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bridge-on-Race-Philadelphia
NewsNortheastOperationsPennsylvania

Rose Associates Tapped to Manage Bridge on Race in Philadelphia

by Lynn Peisner

PHILADELPHIA — Brown Hill Development has hired Rose Associates to lease and manage Bridge on Race in Philadelphia. This deal marks the New York City-based development and property management company’s first third-party management assignment in Philadelphia. The LEED Gold-certified, 145-unit building opened in 2017. Located in the Old City area of Center City, Bridge on Race is comprised of studios, one- and two-bedroom units as well as four street-level retail spaces, an 8,000-square-foot landscaped terrace with private grilling and dining areas, a fitness center, resident lounge with billiards, a pet …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingCompany NewsNewsPeople News

EAH Housing Hires New CFO

by Lynn Peisner

SAN RAFAEL, CALIF. — EAH Housing has hired Duane Hopkins as chief financial officer. Hopkins has worked in financial leadership roles since 2000, with 15 years dedicated specifically to affordable housing and real estate development. In his new role, Hopkins will oversee financial strategy, accounting, treasury, governance support, operations and information technology. He previously served in senior leadership roles at Housing Catalyst in Colorado and the Oakland Housing Authority, where he managed financial strategy, oversaw development pipelines and led organizational restructuring efforts.

Continue Reading
0 FacebookTwitterLinkedinEmail
Element-Collective-Madison
Affordable HousingDevelopmentFinanceIndianaMichiganMidwestNewsWisconsin

Cinnaire Closes on $134 Million LIHTC Fund Backing 12 Affordable Housing Developments

by Lynn Peisner

LANSING, MICH. — Cinnaire, a Lansing-based affordable housing investment nonprofit, has closed a $134 million Low-Income Housing Tax Credit (LIHTC) fund that will finance 12 affordable housing developments in five states. Examples of the new construction and redevelopment projects that Fund 44 will support include: Chamberlain House. A new-construction, 40-unit development in Rochester, Indiana. The developer is Housing Directions and Village Management Co. East Bay Flats. An acquisition-rehabilitation project in Traverse City, Michigan, this 64-unit community will support individuals who are at risk of homelessness. On-site supportive services, including substance-use …

Continue Reading
0 FacebookTwitterLinkedinEmail
The $85 million conversion of a former factory at 321 Ellis St. in New Britain, Conn., created 154 units within a property developed between 1910 and 1930. JCJ Architecture designed the project. WinnCompanies was the developer.
Architecture & DesignConnecticutDevelopmentFeaturesNortheastSustainable/LEED

Turning Historic Buildings into Vibrant Housing: Lessons From the Northeast

by Lynn Peisner

By Christine Faverio When it comes to adaptive reuse, the opportunities to preserve cultural heritage, promote sustainability and provide affordable housing are undeniable. But while these projects are immensely rewarding, they also come with complex regulatory, financial and design challenges.  In the Northeast, projects such as the Ellis Block Apartments in New Britain, Connecticut, designed by JCJ Architecture, reveal several key strategies that can help developers and design teams successfully navigate adaptive reuse. Recognize Buildings with Adaptive Reuse Potential Identifying the right candidate building is the first step. Recognizing the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bellwether-DTC
ColoradoDevelopmentLeasing & MarketingNewsWestern

Opus, Miller Global Properties Complete The Bellwether in Denver Tech Center

by Lynn Peisner

DENVER — Co-developers Opus and Miller Global Properties have completed The Bellwether, a LEED-certified, 253-unit property located within the Denver Tech Center. The 908-acre office park is home to approximately 1,000 companies and hotels, restaurants, event venues, golf courses and multifamily housing. The community was developed on the site of a former parking lot. Opus and Miller Global Properties developed the property in a joint venture with Principal Asset Management. Opus was also the design-builder and architect of record on the project, and Lamar Johnson Collaborative was the interior designer. …

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