Author

Lynn Peisner

Castlewood-Buena-Park
CaliforniaInvestment SalesNewsWestern

The Bascom Group Buys Castlewood Park in Buena Park, California, for $53.2M

by Lynn Peisner

BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments in Buena Park for $53.2 million. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of IPA arranged acquisition financing through Brightspire Capital. IPA’s Kevin Green and Joe Grabiec represented the unnamed seller. AMC will provide property management services for the community, while contractor SD-Cap will oversee the planned property renovations. The property was built in 1963. About 60 percent of the units, offered as two-, three- and four-bedrooms, have private yards. Irvine, California-based Bascom plans to renovate …

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Lucille-Dallas
DevelopmentFinanceNewsTexas

Helaba Provides Construction Loan for Dallas High-Rise

by Lynn Peisner

DALLAS — Endeavor Real Estate Group, in partnership with Canyon Partners Real Estate, has secured an undisclosed amount of construction financing for Lucille, a 22-story, 265-unit luxury tower located in Uptown Dallas at 2700 McKinney Ave. German commercial bank Helaba was the lender. Amenities will include a rooftop lounge with an infinity-edge pool, cabanas, a private dining room, outdoor dining areas, grilling stations and an observation deck. The building will also have 24-hour concierge services, parcel storage lockers, dry cleaning lockers, coworking space, a business center, private conference rooms, a …

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The-Jewell-Denver
ColoradoInvestment SalesNewsWestern

Marcus & Millichap Brokers Sale of The Jewell in Denver

by Lynn Peisner

DENVER — Jason Hornik and Greg Parker with Marcus & Millichap’s Denver office have brokered the sale of The Jewell at 4470 E. Jewell Ave. in Denver. A New York-based investor was the seller, and a California-based buyer bought the asset, which was built in 1968. The 93-unit property was 55 percent occupied at the time of the sale. The property was renovated prior to the sale.

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Citiwalk-Rochester
DevelopmentMidwestMinnesotaNews

Inland, RWD Break Ground on $139M Project in Rochester, Minnesota

by Lynn Peisner

ROCHESTER, MINN. — Inland National Development Co. and Reuter Walton Development (RWD) have broken ground on Citiwalk Apartments, a 342-unit project in downtown Rochester across the street from the Mayo Clinic. The Minneapolis/St. Paul Business Journal reports the land was assembled and purchased for $20 million in April and that the total project cost is $139 million. The community will contain apartments as well as 90 short-term stay units intended to support patients and caregivers who travel to Rochester for treatment. Located at 201 6th Ave., Citiwalk Apartments will feature …

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Avilla-McDonough
Build-to-RentDevelopmentGeorgiaLeasing & MarketingNewsSoutheast

NexMetro Opens Avilla Holloway in Stockbridge, Georgia

by Lynn Peisner

STOCKBRIDGE, GA. — NexMetro has opened the first units at Avilla Holloway, a 136-unit build-to-rent property on 14 acres in the Atlanta suburb of Stockbridge. The gated neighborhood features single-level, mostly detached homes in one-, two- and three-bedroom floor plans with private entrances, front porches and private backyards. Amenities include a resort-style pool and hot tub, outdoor kitchen and grills, dog park (no breed restrictions), landscaped open spaces, an indoor community meeting space, covered parking, optional garages and a 24-hour maintenance team. A second NexMetro Avilla project in the Atlanta …

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Thomas-Rowe-ECI-Group
Company NewsGeorgiaNewsPeople NewsSoutheast

ECI Group Hires Thomas Rowe as CFO

by Lynn Peisner

ATLANTA — ECI Group, an Atlanta-based development, management and investment firm, has hired Thomas Rowe as chief financial officer (CFO). He replaces Ben Engel, who held the position for the past 10 years. Rowe joins ECI after serving for more than a decade as chief financial officer at SJC Ventures, an Atlanta-based company specializing in the development of Whole Foods Market-anchored projects. At SJC, he directed financial strategies for approximately $1.4 billion in ground-up development spanning about 3.1 million square feet of retail, multifamily and mixed-use developments. Prior to SJC …

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Marlowe-Wellington-Fort-Worth
FinanceNewsTexas

Affinius Capital Provides Refinancing Loan for Marlowe Wellington in Fort Worth, Texas

by Lynn Peisner

FORT WORTH, TEXAS — Affinius Capital has provided a loan to Greystar for the refinancing of Marlowe Wellington, a three-story property consisting of 594 units in Fort Worth. Walker Layne of Walker & Dunlop arranged the financing. Greystar opened the property in July 2025. Marlowe Wellington offers one- to four-bedroom apartments and townhomes. Amenities include two resort-style pools, a fitness center, lakeside walking trail, basketball court, dog park, grilling areas, cabanas and private coworking spaces. In May, Veris Residential was acquired by an Affinius Capital-led investor consortium for $3.4 billion.

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NEMA-Chicago
FinanceIllinoisMidwestNews

JLL Arranges $332M for Chicago Luxury Tower Refinancing

by Lynn Peisner

CHICAGO — JLL has arranged a $275 million loan and $57 million in mezzanine financing for NEMA Chicago, a 76-story luxury tower at 1210 South Indiana Ave. in Chicago. The property was developed in 2019 by Miami-based Crescent Heights, which is the borrower. The five-year, fixed-rate loan was provided by New York Life Insurance Co., while the mezzanine loan was sourced through PGIM’s real estate business. NEMA Chicago features 70,000 square feet of amenities spanning indoor and outdoor pools, a full-size basketball court, squash court, boxing ring, golf simulator, movie …

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Maren-McCabe-TRC
Affordable HousingCaliforniaIndustry VoicesOperationsSustainable/LEED

Five Benefits Of Energy Upgrades in Affordable Housing

by Lynn Peisner

For people who live in, own or manage affordable housing, energy efficiency can offer significant benefits beyond energy savings. Research from the U.S. Dept. of Energy (DOE) shows that owners of affordable housing properties struggle to sustain truly affordable rental housing for low-income families because they are often faced with high energy bills and maintenance costs. This disparity impacts residents, too. According to the DOE’s Low-Income Energy Affordability Data (LEAD) Tool, the average percentage of income spent on energy costs for low-income households is three times higher than for non-low-income …

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Floret-Hill-Lawrence
Affordable HousingDevelopmentFinanceKansasMidwestNews

Wheatland Investments Group Obtains $10.8M Loan for Affordable Housing Development in Lawrence, Kansas

by Lynn Peisner

LAWRENCE, KAN. — Merchants Capital has secured a $10.8 million Freddie Mac loan for Floret Hill, a 121-unit affordable housing development in Lawrence. The developer, Gardner, Kansas-based Wheatland Investments Group, also has obtained federal and state Low-Income Housing Tax Credit equity, while the City of Lawrence donated 12 acres of land and committed approximately $1 million to the project. Floret Hill will offer one-, two- and three-bedroom apartments across 11 residential buildings, with 37 units restricted to residents earning up to 40 percent of area median income (AMI) and 84 …

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