Author

Lynn Peisner

Momentum-Blanding-Jacksonville
Affordable HousingDevelopmentFloridaNewsSoutheast

Falcone Group Opens Attainable Housing Development in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — The Falcone Group has opened Momentum Blanding, a 240-unit workforce housing community in the Westside neighborhood of Jacksonville. The property is Boca Raton-based Falcone’s first workforce project. Monthly asking rents start at $1,299 for a one-bedroom apartment. The community also features two- and three-bedroom units as well as a resort-style pool, a clubhouse with a game room, a business center, a coffee bar, a resident lounge, a playground, a pet park, a yoga studio and a fitness center. Rentyl Apartments & Homes, also based in Boca Raton, …

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Exodus-Minneapolis
Affordable HousingDevelopmentMidwestMinnesotaNews

Aeon, Kraus-Anderson Break Ground on $24 Million Deeply Affordable Redevelopment in Minneapolis

by Lynn Peisner

MINNEAPOLIS — Aeon, a locally based affordable housing developer, owner and manager, along with contractor Kraus-Anderson, has broken ground on Exodus, a $24 million community that will include 72 studio units to support individuals experiencing homelessness or housing instability. The project consists of the redevelopment of and an addition to an existing eight-story building. Residents will be referred through Hennepin County’s behavioral health system and will be provided with comprehensive supportive services on-site by Touchstone Mental Health. Aeon is ground-leasing the site from St. Olaf Catholic Church, which owns the …

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Lulah-Decatur
DevelopmentGeorgiaNewsSoutheast

Crescent Communities will Be First to Break Ground at 78-Acre Atlanta-Area Mixed-Use Redevelopment  

by Lynn Peisner

DECATUR, GA. — Vertical construction at Lulah Hills, EDENS’ 78-acre redevelopment of the former North Dekalb Mall in metro Atlanta, will begin in December with the construction of NOVEL Lulah Hills. The six-story community will include 303 units in studio, one-, two- and three-bedroom floor plans. The development includes 39,000 square feet of ground-floor retail. Completion is slated for late 2027. Amenities will include a pool with cabanas, a beer and game garden, outdoor dining spaces, flexible space for workshops and events, a craft closet, a stocked dining pantry and …

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Livery-Lakeville
Investment SalesMidwestMinnesotaNews

RPM Living Buys Livery in Minneapolis Exurb

by Lynn Peisner

LAKEVILLE, MINN. — CBRE has arranged the sale of Livery, a 204-unit community in Lakeville, 25 miles south of Minneapolis. Texas-based RPM Living acquired the property from Indiana-based Garrett Cos. for an undisclosed amount. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller in the transaction. Livery is located at 5076 161st St. W. Built in 2023, the townhome community features a range of one-, two- and three-bedroom floor plans averaging 1,117 square feet each with direct-access garages. Amenities include a yoga room with Torch Fitness on demand, …

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Jefferson-Cedar-Ridge-Dallas
Investment SalesNewsTexas

Newmark Arranges Sale of Jefferson Cedar Ridge in Dallas

by Lynn Peisner

DALLAS — Newmark has arranged the sale and financing of Jefferson Cedar Ridge, a 360-unit property in southwest Dallas. Newmark’s Richard Furr, Brian Murphy and Brian O’Boyle Jr. represented seller, TDI, in the transaction. Newmark’s finance team, led by Braden Harmon, Hank Glasgow and Jeff Fein, arranged acquisition financing on behalf of joint buyers Ashcroft Capital and Pearlmark Real Estate. Jefferson Cedar Ridge was developed in 2024.

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Excelsior-Gardens-Ozark
Investment SalesMidwestMissouriNews

Gorrell Hughes Capital Acquires Two Properties in Metro Springfield, Missouri

by Lynn Peisner

SPRINGFIELD, MO. — Gorrell Hughes Capital has acquired two properties in the Springfield metro area. The properties are Sunset Woodland Apartments, a 177-unit community at 2752 South Meadowbrook Ave. in Springfield, and Excelsior Gardens Apartments, a 104-unit property at 1582 South 14th Ave. in neighboring Ozark, Missouri. The Tulsa, Oklahoma-based investment firm targets value-add acquisitions in middle-income markets.

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Residences-at-Palm-Court-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Related Group, Miami-Dade County Break Ground on Mixed-Income Project

by Lynn Peisner

MIAMI — Related Group and Miami-Dade County have broken ground on The Residences Palm Court, a 316-unit mixed-use, mixed-income LIHTC project at 950 NW 95th St. in Miami. Out of the 316 homes, 191 will be reserved specifically for seniors. Rents are capped at levels varying across the community from 20 to 80 percent of area median income. Completion is slated for late 2027. The project is a redevelopment that will replace two former public housing communities built during the 1970s. According to Related Group, all current on-site senior residents …

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DevelopmentGeorgiaNewsSoutheast

Alliance Residential Buys Land for Broadstone Development in Atlanta Tech Park

by Lynn Peisner

PEACHTREE CORNERS, GA. — Alliance Residential Co. has acquired 10.7 acres of land in Peachtree Corners, a city about 30 miles northeast of downtown Atlanta, for the development of Broadstone Innovation. The 326-unit property site is located within Technology Park Atlanta, a 500-acre district home to several tech firms and startups. Designed by Brock Hudgins Architects and MAD Studios, Broadstone Innovation will offer floor plans ranging from 600-square-foot junior one-bedrooms to 1,100-square-foot two-bedroom units. Amenities will include a resort-style pool, a fitness center, an outdoor kitchen, fire pits and access …

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Julington
FeaturesFloridaMarket ReportsSoutheast

Market Disequilibrium Signals Opportunity in Jacksonville

by Lynn Peisner

By Paul Berry Jacksonville is increasingly recognized as an outstanding place to live, work and build a business. Its multifamily sector, while recently challenged by a wave of new supply, is set for a rebound that will reward patient investors. With peak deliveries now in the rearview mirror, the metro area is well positioned for a strong cyclical upswing, complementing its already robust economic trajectory. Core Drivers: Population Growth, Pro-Business Jacksonville is a legitimate, big-league city. The population of the metro area has reached 1.76 million, growing by about 37,000 …

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CieloView-St-Cloud
DevelopmentFloridaNewsOperationsSoutheast

Alliance Residential Opens Cielo View in St. Cloud, Florida

by Lynn Peisner

ST. CLOUD, FLA. — Arizona-based Alliance Residential Co. has completed and opened Cielo View, a 311-unit community at 190 Everton Drive in St. Cloud, about 28 miles south of Orlando. Cielo View offers one- and two-bedroom units that feature Samsung stainless steel appliances, granite countertops, white shaker cabinetry with chrome hardware, in-unit washers and dryers and walk-in closets with dedicated linen and storage closets. Amenities include a 24-hour fitness center, a resident lounge with an entertainment kitchen, a mailroom with secure package lockers and a room for overflow packages, a …

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