Author

Lynn Peisner

Broadstone-Enderly-Park-Charlotte
DevelopmentInvestment SalesNewsNorth CarolinaSoutheast

Alliance Residential Acquires Land for New Development in Charlotte

by Lynn Peisner

CHARLOTTE, N.C.— Alliance Residential Co. has acquired a 3.4-acre parcel of land at 1306 Berryhill Road in Charlotte’s Enderly Park neighborhood. The Scottsdale, Arizona-based developer will construct Broadstone Enderly Park on the site, a 336-unit community slated for completion in 2028. Cline Design Associates is the architect, The John R. McAdams Co. is civil engineer, and MAD Studio Interiors provided interior design services. Units will range from 600 to 1,280 square feet complemented by such amenities as a clubhouse with a leasing center, fitness center, club room, game room and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Carrena-Buford
Architecture & DesignFeatures

Architects Make Every Square Foot Count

by Lynn Peisner

For much of the 2021–2022 apartment boom, strong rent growth gave multifamily developers license to splurge on building design. During that period, robust renter demand and double-digit pricing power justified the cost of extravagant, eye-catching features meant to distinguish communities from the competition. Today, that cushion is thinner. Amenities like golf simulators, podcast studios and wine rooms may generate buzz, but do they drive leasing, improve retention and deliver enough everyday value to justify the space and cost? Without rapid rent growth to absorb excess costs, every design choice faces …

Continue Reading
0 FacebookTwitterLinkedinEmail
Reside-on-Jackson-Chicago
FinanceIllinoisMidwestNews

Northmarq Arranges $24.7M Refinancing for Chicago Property

by Lynn Peisner

CHICAGO — Locally based Newcastle Investors has refinanced Reside on Jackson, a 93-unit property in Chicago, with a $24.7 million Fannie Mae loan arranged by Kevin McCarthy of Northmarq. The permanent fixed-rate financing is structured on a five-year term. Located at 1241 and 1245 W. Jackson Blvd., the community was built in 2016 and includes one- and two-bedroom apartments as well as bicycle storage, 24-hour maintenance and concierge services and a rooftop gathering space with grills.

Continue Reading
0 FacebookTwitterLinkedinEmail
Ibex-Yonkers
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Joint Venture Breaks Ground on $140M Mixed-Income Development at Yonkers Lifestyle Center

by Lynn Peisner

YONKERS, N.Y. — A joint venture of Saber-Hightower, Rafferty Real Estate and Eagle Realty Group, a subsidiary of Western & Southern Financial Group, has begun construction of The Ibex at Ridge Hill, a 17-story, 282-unit project located at Ridge Hill, an approximately 1.2 million-square-foot open-air lifestyle center in Yonkers. Bank OZK is providing construction financing for the $140 million project. The building will include 28 affordable units. The development team did not disclose rent restrictions, but the City of Yonkers’ regulations generally require 40 percent of affordable units to serve …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Groves-Kent
Investment SalesNewsWashingtonWestern

RISE Properties Sells 366-Unit The Groves in Seattle Metro Area for $72M

by Lynn Peisner

KENT, WASH. — RISE Properties has sold The Groves Apartments (366 units) in Kent to FPA Multifamily for $72 million. Institutional Property Advisors’ Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino represented the seller, which acquired the asset in 2019. During its hold, RISE renovated about 68 percent of the units and upgraded amenities and common areas. The property, which has been rebranded as ReNew Meridian, is about 30 miles south of Seattle and includes two- and three-story residential buildings and a clubhouse across 20 acres. It …

Continue Reading
0 FacebookTwitterLinkedinEmail
Whisper-Hollow-Maryland-Heights
Investment SalesMidwestMissouriNews

Colorado Investor Buys Whisper Hollow in Metro St. Louis

by Lynn Peisner

MARYLAND HEIGHTS, MO. — Chicago-based Banner Real Estate Group has sold Whisper Hollow Apartments in Maryland Heights to Franktown, Colorado-based Monarch Investment and Management Group for an undisclosed sum. Northmarq’s St. Louis Investment Sales team, led by Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee, arranged the sale. The 315-unit community at 12430 Whisper Hollow Drive is about 20 miles northwest of St. Louis. Developed in 1976 and renovated in 2018, the community features a pool, fitness center, dry sauna, business center with a coffee bar, clubhouse, game room …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Barton-Austin
DevelopmentNewsTexas

OHT Breaks Ground on The Barton in Southwest Austin

by Lynn Peisner

AUSTIN, TEXAS — Locally based OHT Partners has broken ground on The Barton, a 402-unit development on approximately 60 acres in Southwest Austin. Forty acres will be designated as green space. Located at 8956 W. State Highway 71, The Barton comprises one-, two- and three-bedroom units, 30 of which will be townhomes. Amenities include two resort-style pools, a 9,000-square-foot clubhouse, a 1,500-square-foot fitness center, 1,500 square feet of coworking space, two pickleball courts, a 1.4-acre dog park, a trail system and multiple community courtyards. OHT is serving as developer as …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lenox-Harlem
FinanceNew YorkNewsNortheast

Olnick Organization Secures $170.5M Refinancing for Harlem Property

by Lynn Peisner

NEW YORK CITY — The Olnick Organization, a New York City-based development and property management firm founded in 1946, has refinanced one of its legacy assets, Lenox Terrace, with a $170.5 million loan provided by Chase Commercial Bank. Walker & Dunlop’s Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno and Cody Ela arranged the financing. Six 16-story buildings house Lenox Terrace’s 1,696 units, most of which are rent-regulated. The property, located at 484 Malcolm X Blvd. in Central Harlem, was developed in 1958 and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Coppertree-Village-Houston
Affordable HousingDevelopmentNewsTexas

Fairstead Completes $26M Renovation of Coppertree Village in Houston

by Lynn Peisner

HOUSTON — Fairstead, a New York City-based affordable housing developer, has completed the $26 million renovation of Coppertree Village, a 324-unit affordable housing community in the Acres Homes neighborhood of northwest Houston. Fairstead’s renovations included new kitchen cabinetry, countertops and energy-efficient appliances; upgraded bathrooms with new plumbing fixtures; a new outdoor playground; and perimeter fencing and controlled access. Units are rent restricted to 50 and 60 percent of area median income. Coppertree Village was originally developed in the early 1970s.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Astor-Phoenix
ArizonaInvestment SalesNewsWestern

IPA Brokers $47.8M Sale in Phoenix

by Lynn Peisner

PHOENIX — Institutional Property Advisors (IPA) has arranged the sale of The Astor at Osborn, a 191-unit mid-rise community in Phoenix. The asset traded between two unnamed parties for the sum of $47.8 million. Completed in 2019, The Astor at Osborn has garage parking, a resort-style pool, fitness center, club room and outdoor grilling stations. Floor plans are available as studios, one-, two- and three-bedroom units, which feature stainless steel appliances and 10-foot ceilings. IPA’s Steve Gebing and Cliff David represented the seller and procured the buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.