Author

Lynn Peisner

Residences-at-Bay-Terrace-Queens
DevelopmentFinanceNew YorkNewsNortheast

Cord Meyer Development Secures Construction Loan to Build Out Bay Terrace Site in Queens

by Lynn Peisner

QUEENS, N.Y. — Avison Young has arranged a $75 million construction loan on behalf of Cord Meyer Development for Residences at Bay Terrace. The lender was New York Life Investment Management’s Real Estate Advisors. The community will be comprised of 145 units across two five-story buildings on-site at the Bay Terrace Shopping Center in Queens. Avison Young’s team was led by Scott Singer, Andy Singer, Kevin Swartz, Kathleen McSharry and David Brucker. Floor plans will be available in one-, two- and three-bedroom layouts, many with private terraces or balconies, and …

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Grants-Mill-Irondale
AlabamaDevelopmentNewsSoutheast

Alabama Developer-Contractor Team Break Ground on The Current at Grants Mill in Metro Birmingham

by Lynn Peisner

IRONDALE, ALA. — Capstone Building Corp. has broken ground on The Current at Grants Mill, a 48-acre community StoneRiver Co. is developing eight miles east of Birmingham, Alabama. The 330-unit property will be comprised of a variety of home types, including garden-style apartments, townhomes and cottages. Floor plans will be available in two- to three-bedroom formats. Some townhomes and cottages will feature fenced-in backyards. A clubhouse with coworking space, two resort-style pools, a fitness center, dog park and game lawn are highlights of the amenity package. Both Capstone and StoneRiver …

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Deercross-Indianapolis
IndianaInvestment SalesMidwestNews

Iconic Properties Buys Deercross in Indianapolis

by Lynn Peisner

INDIANAPOLIS — CBRE has arranged the sale of Deercross, a 372-unit community located at 7007 Deep Path Drive in Indianapolis. Iconic Property Partners purchased the asset from an affiliate of Wilkinson Corp. for an undisclosed price. CBRE’s Hannah Ott, George Tikijian, Cam Benz and Claire Hassfurther represented the seller in the transaction. Built in 1979, the property was renovated during Wilkinson’s hold period. New windows and interior unit upgrades were completed in all units, including new vinyl plank flooring. Amenities include a business center, basketball court, a 24‑hour fitness center, …

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Versant-Bellevue-Washington
DevelopmentNewsWashingtonWestern

High Street Residential, PGIM Begin Construction of Versant Bellevue in Washington State

by Lynn Peisner

BELLEVUE, WASH. — High Street Residential (HSR), a subsidiary of Trammell Cros Co., and PGIM have broken ground on Versant Bellevue, a 351-unit property adjacent to the East Main Light Rail Station in Bellevue. The project is slated for completion in the third quarter of 2028. Located at 11040 Main St., the new development will occupy 1.7 acres and will replace an existing two-story office building. The development team closed on the land on March 13. Chad Waldbaum of JSH Properties represented HSR in the transaction. The architect is Weber …

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Liva-Travelers-Rest
DevelopmentNewsSouth CarolinaSoutheast

Capstone Building Corp. Breaks Ground on Liva in Travelers Rest, South Carolina

by Lynn Peisner

TRAVELERS REST, S.C. — Capstone Building Corp. has broken ground on the $28.1 million Liva in Travelers Rest. Liva will feature 32 three-bedroom townhomes and five garden-style apartment buildings containing a total of 120 units. Greenville, South Carolina-based Clear Mountain Properties is the developer, and Capstone Building Corp. will serve as the general contractor. S3 Capital provided a construction loan for the project back in February. Amenities include a clubhouse, a pool, a bike-storage barn and public walking trails. Completion is slated for 2027.

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River-Court-Apts-Spokane
Investment SalesNewsWashingtonWestern

Kidder Mathews Brokers Sale of River Court Apartments in Spokane

by Lynn Peisner

SPOKANE, WASH. — Kidder Mathews has arranged the sale of River Court Apartments, a 21-unit community in Spokane. Kidder Mathews’ Max Frame represented the undisclosed seller. The buyer was also not identified. The asset traded for approximately $2.3 million. The community, built in 1979, is located at 3001 E. Upriver Drive along the Spokane River in the Minnehaha neighborhood. River Court Apartments consists primarily of two-bedroom units with an average size of 845 square feet. Amenities include a sports court and covered parking. “River Court Apartments offer a strong value-add …

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Creekstone-&-Gable-Point-Dallas
Investment SalesNewsTexas

Pardue Sells Two Texas Properties After 40-Year Hold

by Lynn Peisner

DALLAS — Marcus & Millichap has arranged the sale of two adjacent apartment communities in Dallas, representing the seller, Pardue Cos., and procuring the buyer, Clover Capital Partners. The assets are Creekstone and Gable Point. The sales price was not disclosed. Texas-based Pardue built the properties and has held them since they were constructed in the 1980s. Creekstone is a two-story, 220-unit property built in 1982. Gable Point, built in 1986, comprises 152 units. IPA’s team was led by William Hubbard, Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello and …

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The-Worthington-Pikesville
FinanceInvestment SalesMarylandNewsNortheast

Walker & Dunlop Arranges $75M Acquisition Loan for Metro Baltimore Property

by Lynn Peisner

PIKESVILLE, MD. — Walker & Dunlop has arranged a $75 million agency loan for the acquisition of The Worthington Apartments in the northwest Baltimore suburb of Pikesville. Locally based Quest Management Group was the buyer/borrower. The 612-unit garden-style community is situated on approximately 38 acres. The site is comprised of 29 buildings, four garages, a clubhouse, a pool house and a maintenance facility. Walker & Dunlop’s Jonathan Zilber and Joel Chetner arranged the 10-year, fixed-rate nonrecourse loan.

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Society-Brooklyn-New-York
Affordable HousingFinanceNew YorkNewsNortheast

PMG Secures $370M Refinancing Loan for Society Brooklyn

by Lynn Peisner

BROOKLYN, N.Y. — JLL has arranged a $370 million refinancing loan for Society Brooklyn, a 517-unit, two-tower community along the Gowanus Canal in Brooklyn. The lender was Brookfield Asset Management, and the borrower was Property Markets Group (PMG), a Miami-based developer that opened the property in May 2025. Society Brooklyn is comprised of 385 market-rate units and 132 units reserved for households earning between 40 and 130 percent of area median income. The development also includes 57,288 square feet of retail and commercial space. The property offers fitness centers, yoga …

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Jacqueline-Waggoner
Affordable HousingCaliforniaCompany NewsPeople NewsWestern

Century Housing Hires Jacqueline Waggoner as President and CEO

by Lynn Peisner

CULVER CITY, CALIF. — Century Housing has hired Jacqueline Waggoner as president and chief executive officer. The nonprofit affordable housing development company has created or preserved approximately 63,000 homes in California over the past 30 years. Waggoner joins Century Housing from Enterprise Community Partners, where she held the title president of the solutions division. In that role, she oversaw a portfolio of housing, capital and policy initiatives across the country and led approximately $1 billion in impact investments and grants. Prior to that role, Waggoner led Enterprise’s Southern California market, …

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