Author

Lynn Peisner

Woven-Greenville
Affordable HousingDevelopmentFinanceNewsSouth CarolinaSoutheast

Woodfield, FRP Secure Financing, Launch Construction of Mixed-Use Project in West Greenville

by Lynn Peisner

GREENVILLE, S.C. — FRP Development Corp. and Woodfield Development are underway with construction of Woven, a mixed-use project in the Village of West Greenville. Known locally as simply The Village, this neighborhood is home to some of the city’s historic mills and has been redeveloping since the early 2000s into an arts, small-business and entertainment area. Woven, located at 1279 Pendleton St., will anchor the western edge of the neighborhood and will include 214 one-, two- and three-bedroom units offered at market and affordable rates. Specific affordable restrictions were not …

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Triton-Glen-Richmond
BerkadiaInvestment SalesNewsSoutheastVirginia

Silver Hills Sells Richmond, Virginia, Property for $65 Million

by Lynn Peisner

RICHMOND, VA. — Triton Glen, a newly developed 250-unit property in the Innsbrook submarket of Richmond, has traded for $65 million. Berkadia brokered the deal on behalf of the seller, Silver Hills, and arranged a $42 million Freddie Mac acquisition loan for the buyer, Charlottesville, Virginia-based Seminole Trail Management. Silver Hills developed the asset in 2024. Berkadia’s investment sales team was led by Drew White, Carter Wood and Cole Carns of Berkadia Richmond, while Patrick McGlohn, Brian Gould, Hunter Wood, Patrick Cunningham and Mac Ritchie of Berkadia DC Metro arranged …

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The-Eddi-at-Pentagon-Village-Edina
Investment SalesMidwestMinnesotaNews

Oaks Properties Buys The Eddi at Pentagon Village in Twin Cities Submarket

by Lynn Peisner

EDINA, MINN. — Joint venture owners Rise Modular and Soloman Real Estate Group have sold The Eddi at Pentagon Village in Edina, about 10 miles south of Minneapolis, to Oaks Properties for an undisclosed sum. The sellers developed the 202-unit property, breaking ground in 2022. JLL brokered the transaction. The community is situated within the 12.5-acre mixed-use Pentagon Village district. Units are offered as studio, one- and two-bedroom floor plans with an average size of 753 square feet. The Eddi is a wood-frame modular apartment building with 205 modules manufactured …

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1900-W-Lawrence-Chicago
IllinoisInvestment SalesMidwestNews

Cushman & Wakefield Brokers $28.5 Million Receivership Sale in Chicago

by Lynn Peisner

CHICAGO — Cushman & Wakefield has arranged the $28.5 million sale of 1900 W. Lawrence, a redeveloped former Sears store in Chicago’s Ravenswood neighborhood. Cushman & Wakefield’s Jack Maloney and Brad Smith represented the seller, Matthew Tarshis from Frontline Real Estate Partners, a court appointed receiver in the matter. According to CoStar, the buyer was locally based Bender Cos. The sale resolves a foreclosure lawsuit. The 59-unit community includes approximately 19,000 square feet of ground-floor retail, which was 100 percent occupied at the time of the sale. Residence were 94 …

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Turquoise-Trail-Santa-Fe
Affordable HousingDevelopmentNew MexicoNewsWestern

Dominium Breaks Ground on Turquoise Trail in Santa Fe

by Lynn Peisner

SANTA FE, N.M. — Dominium has broken ground on Turquoise Trail, a 312-unit affordable housing community in Santa Fe. The LIHTC property will be constructed by Weis Builders and will be comprised of 13 three-story buildings containing 120 two-bedroom, 132 three-bedroom and 60 four-bedroom homes. Three hundred units will be reserved for households earning no more than 60 percent of area median income (AMI), and the remaining two will be set aside for families earning up to 50 percent of AMI. Amenities include a clubhouse, fitness center, playground and grilling …

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Brad-Bane-Ankrom-Moisan
Architecture & DesignIndustry VoicesSustainable/LEED

Designing for Low-Carbon, High-Density Living — Lessons for Sustainable Multifamily Development

by Lynn Peisner

Developers today are under mounting pressure to meet energy codes, achieve carbon reduction goals and deliver housing that is healthy, comfortable and affordable. Whether market-rate or affordable housing, the reality is that people want homes that are not only well-designed but also economical to operate. That’s why attention to energy efficiency and utility costs has become such a critical factor in leasing and retention. In some cases, this pressure has even pushed developers toward more ambitious approaches such as Passive House strategies or other high-performance design measures. At the same …

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Centennial-Seattle
CaliforniaInvestment SalesNew JerseyNewsNortheastPennsylvaniaWashingtonWestern

JRK Buys Three-Property Portfolio From Equity Residential for $400 Million

by Lynn Peisner

LOS ANGELES — JRK, a Los Angeles-based real estate investment firm, has acquired a three-property, $400 million portfolio from Equity Residential (NYSE: EQR). The properties are Centennial (408 units) in Seattle, 77 Park Avenue (301 units) in Hoboken, New Jersey, and C on Pico (94 units) in Los Angeles. Including this purchase, JRK acquired $1.3 billion in multifamily assets, encompassing 3,400 units, in the United States in 2025, including Edge 1909, a 364-unit property in the Strip District of Pittsburgh acquired in December. 

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Belay-Milwaukee
Investment SalesMidwestNewsWisconsin

Mandel Group Sells Belay Apartments in Milwaukee

by Lynn Peisner

MILWAUKEE — CBRE has arranged the sale of Belay Apartments, a 46-unit community with 17,000 square feet of commercial space leased to climbing gym Adventure Rock. Belay is located at 2200 N. Commerce St. in Milwaukee’s Beerline neighborhood. La Crosse, Wisconsin-based Three Sixty Real Estate Solutions LLC purchased the property from its original developer, an affiliate of Mandel Group, marking the buyer’s first investment in greater Milwaukee. CBRE’s Sean Beuche, Matson Holbrook, Gretchen Richards and Patrick Gallagher represented the seller in the transaction and procured the buyer. The sales amount …

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Azure-Cove-Savannah
GeorgiaInvestment SalesNewsSoutheast

Newmark Brokers Sale of Value-Add Portfolio in Savannah, Georgia

by Lynn Peisner

SAVANNAH, GA. — Newmark has arranged the sale of a portfolio consisting of three properties built between 1987 and 1990 in the greater Savannah area. The buyer, which assumed a fixed-rate Freddie Mac loan in the transaction, was an unnamed large private fund with several holdings in and around Savannah. The seller, represented by Newmark’s Brooks Colquitt, was Dallas-based RREAF Holdings. The sales price was not disclosed. The properties include the 144-unit Azure Cove in Garden City, Kessler Point, a 120-unit property also in Garden City, and The Arbors, a …

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Ashley-Scholars-Landing-Atlanta
Affordable HousingDevelopmentGeorgiaNewsSoutheast

McShane Wraps Up Construction of Ashley Scholars Landing in Atlanta

by Lynn Peisner

ATLANTA — McShane Construction Co. and developer The Integral Group have completed construction of Ashley Scholars Landing II, a 212-unit mixed-income community in Atlanta. A portion of the units (114) are reserved for households earning no more than 60 percent of area median income. The project is part of the master-planned Ashley Scholars Landing mixed-use development, which is a multi-phased, master-planned redevelopment in Atlanta’s Westside near the Atlanta University Center, transforming the former University Homes public housing site with a combination of senior housing, market-rate and affordable apartments as well …

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