Author

Lynn Peisner

EMORIE-At-Alston-Town-Center-Cary
DevelopmentLeasing & MarketingNewsNorth CarolinaSoutheast

Woodfield Development Opens EMORIE at Alston Town Center in Cary, North Carolina

by Lynn Peisner

CARY, N.C. — Locally based Woodfield Development has opened EMORIE at Alston Town Center, a 302-unit property in Cary adjacent to a regional, open-air center, owned by American Asset Corp., anchored by Whole Foods. Located at 3905 Mahal Ave., EMORIE, features a mix of studio, one- and two-bedroom units ranging from 682 to 2,647 square feet. Additionally, the development includes a mix of townhomes, three penthouses and carriage units with private garages. Amenities feature a resort-style pool and courtyard with private cabanas and an outdoor kitchen, a fitness center and …

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The-Union-Villa-Park-Illinois
DevelopmentIllinoisMidwestNews

Marquette Cos. Breaks Ground on Union Villa Park in Metro Chicago

by Lynn Peisner

VILLA PARK, ILL. — Marquette Cos. has broken ground on The Union Villa Park, a seven-story, mixed-use project with 238 apartments and 7,500 square feet of retail space in the Chicago suburb of Villa Park. The development also includes 94 indoor parking spaces for public use that will serve the adjacent Villa Park Community Recreation Center, Cortesi Park and the surrounding business district. Reserved parking specifically for residents will also be available. Units will be configured as studio, one-, two- and three-bedroom floor plans with such amenities as a resort-style …

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Lyra-Coon-Rapids
Investment SalesMidwestMinnesotaNews

MLG Capital Buys Lyra Apartments in Twin Cities Metro

by Lynn Peisner

COON RAPIDS, MINN. — JLL has arranged the sale of Lyra at Riverdale Station, a 180-unit property in the Twin Cities suburb of Coon Rapids. JLL represented the undisclosed seller and secured the buyer, Wisconsin-based MLG Capital. Acquisition financing was secured by MLG assuming the property’s existing HUD loan. Along with Lyra, Aster, an adjacent multifamily property, comprises the residential component of Riverdale Station, a walkable district with retail, grocery and restaurant offerings. JLL’s team was led by Josh Talberg and Joseph Peris.

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Park-at-Westover-Hills-San-Antonio
FinanceNewsTexas

Walker & Dunlop Arranges $46.5M Refinancing for San Antonio Development

by Lynn Peisner

SAN ANTONIO — Walker & Dunlop has arranged a $46.5 million refinancing loan for GenCap Partners for the recently completed (2025) Park at Westover Hills, a 375-unit property located at 4103 Rogers Road in San Antonio. Walker & Dunlop’s team led by Stuart Wernick and Drew Garrison arranged the refinancing with a floating-rate, interest-only bridge loan provided by Geoff Smith and Mike Dunsheath of Walker & Dunlop Investment Partners. Park at Westover Hills consists of 14 buildings in San Antonio’s Far West submarket.

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ECCO-Elizabeth
DevelopmentNew JerseyNewsNortheast

LeCesse Development and MAS Development Group Launch $83.4M Phase II of Elizabeth, New Jersey, Project

by Lynn Peisner

ELIZABETH, N.J. — LeCesse Development Corp. and MAS Development Group have begun construction of ECCO in Elizabeth. The project marks the second phase of Vintage City, which is a developer-branded live-work-play district anchored thus far by two multifamily properties from LeCesse and MAS. JLL arranged approximately $83.4 million in financing for the project in the form of a $63.2 million construction loan from Bank OZK and a $20.2 million mezzanine placement from PGIM. Phase I, known as Vinty, is a 267-unit property that was completed in 2022. ECCO, located at …

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Elle-DC
FinanceNewsNortheastWashington, D.C.

Newmark Arranges $64M Refinancing of D.C. Adaptive Reuse Project

by Lynn Peisner

WASHINGTON, D.C. — Newmark has arranged a $64 million refinancing loan for Elle, a newly developed office-to-residential conversion project in Washington, D.C. The 11-story multifamily community, which formerly served as the Peace Corps headquarters, opened in 2024 and was developed by Willco. The building is located in the Golden Triangle Business Improvement District (BID), a 44-square-block area that stretches from Dupont Circle to Pennsylvania Avenue. The Golden Triangle BID is a nonprofit that encourages economic development through capital improvement projects. Elle is comprised of 163 units, 8,000 square feet of …

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ColoradoInvestment SalesNewsWestern

Thompson Thrift Sells Notch66 in Longmont, Colorado

by Lynn Peisner

LONGMONT, COLO. — Thompson Thrift has sold Notch66, a 336-unit property in Longmont, approximately 20 miles northeast of Boulder, Colorado. Arizona-based The Wolff Co. acquired the asset for an undisclosed cost. Thompson Thrift developed the property, launching construction in 2022 and completing it in June 2024. At the time of the sale, Notch66 was 93 percent occupied. Indiana-based Thompson Thrift has developed 22 properties in Colorado, including three in Longmont. Notch66 features one-, two- and three-bedroom apartments with private yards and detached garages in select units. Amenities include a clubhouse, …

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633-S-Laflin-Chicago
IllinoisInvestment SalesMidwestNews

Greenstone Partners Arranges $3M Chicago Sale

by Lynn Peisner

CHICAGO — Greenstone Partners has arranged the sale of 633 S. Laflin St., a 16-unit community in Chicago’s Little Italy/University Village area. The asset traded between two undisclosed parties for approximately $3.1 million. The three-story building features a mix of one- and two-bedroom apartments. The property includes surface parking. Greenstone Partners’ Tom Galvin and Brewster Hague represented the seller, a private local owner, and procured the purchaser, a private partnership based in Illinois.

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BNE-Portfolio-NJ
FinanceNew JerseyNewsNortheast

JLL Capital Markets Arranges $296M Loan for New Jersey Portfolio

by Lynn Peisner

MORRISTOWN, N.J. — JLL Capital Markets has arranged a $296 million Freddie Mac Loan for an undisclosed borrower to refinance a 13-property, 1,880-unit portfolio across New Jersey. The garden style assets feature market-rate units at properties located in five New Jersey counties: Middlesex, Somerset, Union, Monmouth and Morris. The properties were developed between 1959 to 1999. JLL Capital Market’s debt advisory team representing the borrower was led by Michael Klein, Thomas Didio Jr., Michael Mataras and Joseph Gruber.

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19-Rockwell-Brooklyn
DevelopmentFinanceNew YorkNewsNortheast

Affinius Capital Originates $90 Million Loan for Luxury Brooklyn Property

by Lynn Peisner

NEW YORK CITY — Locally based developer Mordechai Pillar, owner of One Nine Rockwell in Brooklyn’s Fort Greene neighborhood, has obtained a $90 million refinancing loan. Affinius Capital was the lender. David Bollag of Meridian Capital Group arranged the financing. The proceeds of the loan will be used to complete lease-up and stabilization at One Nine Rockwell, a 27-story, 174-unit property with 1,200 square feet of ground-floor retail. The luxury building is comprised of 35 studios, 103 one-bedrooms and 36 two-bedrooms. The sky lounge on the 27th floor offers a …

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