Author

Lynn Peisner

Keys-Pointe-Baltimore
Affordable HousingDevelopmentMarylandNewsNortheast

Second Phase of Baltimore Public Housing Redevelopment Underway

by Lynn Peisner

BALTIMORE — Construction is underway on Phase II of Keys Pointe, a $36 million affordable housing development in Baltimore. Stakeholders include the Housing Authority of Baltimore City (HABC) and developers The Michaels Organization and Affordable Homes and Communities of Greater Baltimore (AHC). The multi-phase project is a redevelopment of the O’Donnell Heights public housing community that was constructed in 1942 in East Baltimore. This newest complex will offer 60 affordable apartments, with floor plans that range from one- to four-bedroom apartments within townhouse-style buildings. Residents will have access to Keys …

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Symphony-Suwanee
FinanceGeorgiaNewsSoutheastTexas

JV Lands $125.5 Million ReFi for Georgia-Texas Portfolio

by Lynn Peisner

AUSTIN, TEXAS, AND ATLANTA — JLL has arranged a $125.5 million refinancing loan for a three-property portfolio consisting of assets in Austin and around the Atlanta metro area. Known as the MAG portfolio, the properties are owned by Myers Apartment Group and Torchlight Investors. The portfolio includes Citadel at Tech Ridge in Austin, Highlands at Sweetwater Creek in Duluth, Georgia, and Symphony at Suwanee Creek in Suwanee, Georgia. Built between 2019 and 2021, the properties are currently 91.7 percent occupied. The JLL Capital Markets team was led by Gerard Sansosti, …

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Neil-Hanlon
ArizonaCompany NewsNevadaNewsPeople NewsWestern

Woodfield Development Hires Neil Hanlon to Lead Southwest Expansion

by Lynn Peisner

PHOENIX — Woodfield Development has appointed Neil Hanlon as vice president of development. He will lead the firm’s expansion into Arizona and Nevada, namely into the Phoenix and Las Vegas metro areas. In this role, Hanlon will be responsible for sourcing new business opportunities and overseeing all phases of the development process. Hanlon comes to Woodfield from Greystar, where he was director of development in Phoenix, leading multifamily development projects throughout the Southwest and Mountain West markets. Raleigh, North Carolina-based Woodfield was founded in 2005.

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Edgewater-Towne-Center-New-Jersey
Investment SalesNew JerseyNewsNortheast

Site Centers Corp. Sells New Jersey Mixed-Use Project for $53.2 Million

by Lynn Peisner

EDGEWATER, N.J. — JLL Capital Markets has arranged the $53.2 million sale of Edgewater Towne Center, a mixed-use property directly across the Hudson River from Upper Manhattan. The asset features 76,525 square feet of retail, anchored by Whole Foods Market, and 64 apartments located above the retail. JLL represented the seller, Site Centers Corp., and procured the local private buyer. The project was developed in 2000 and is set on 14 acres. The apartments were 94 percent occupied at the time of sale. JLL’s team was led by Jose Cruz, …

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The-Avondale-Apartments-Las-Vegas
Investment SalesNevadaNewsWestern

FCP Acquires The Avondale Apartments in Las Vegas

by Lynn Peisner

LAS VEGAS — FCP, a Chevy Chase, Maryland-based private investment firm, has made its first acquisition in the Las Vegas market with The Avondale Apartments. The 560-unit property is located at 9225 W. Charleston Blvd. within the Peccole Ranch master-planned community and less than half a mile from the Rampart Commons retail development. FCP is planning to renovate the property’s units, which are comprised of one-, two- and three-bedroom residences. Each unit features hardwood floors, stainless steel appliances, patios or balconies, a fireplace, in-unit washers and dryers, soaking tubs and …

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Michael-OLeary-TRITEC
Company NewsNew YorkNewsNortheastPeople News

Michael O’Leary Named CFO of TRITEC

by Lynn Peisner

RONKONKOMA, N.Y. — TRITEC Real Estate has appointed Michael O’Leary as chief financial officer. O’Leary will oversee TRITEC’s financial strategy, planning and operations. He joins the company from RXR Realty, a New York City-based multi-sector owner, operator and investor, where he was executive vice president and chief financial officer. TRITEC Real Estate was founded in 1986 by brothers Robert and James Coughlan. The company consists of TRITEC Development Group, TRITEC Building Co. and TRITEC Asset Management, Inc. TRITEC acquires, develops, builds, finances, leases and property manages commercial real estate projects, …

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Alderra-Apartment-Homes-Puyallup
Investment SalesNewsWashingtonWestern

CBRE Arranges $56.5 Million Sale in Puyallup, Washington

by Lynn Peisner

PUYALLUP, WASH. — Auctus Capital Partners has sold Alderra Apartment Homes for $56.5 million to an undisclosed buyer. The 200-unit community in Puyallup, about 15 miles southeast of Tacoma, was built in 2003 and includes one- and two-bedroom apartments as well as townhomes. Amenities include a pool, fitness center, a clubhouse and a playground. CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper represented the seller. The buyer was an entity doing business as AMFP VII Alderra LLC, according to regional lifestyle magazine South Sound.

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The-Conway-at-Huxley-Yards-Madison
Affordable HousingDevelopmentMidwestNewsWisconsin

McShane Breaks Ground on Madison Affordable Housing Development

by Lynn Peisner

MADISON, WIS. — McShane Construction Co. has broken ground on The Conway at Huxley Yards, a 50-unit affordable housing community in Madison. It is the third phase of Lincoln Avenue Communities’ Huxley Yards development, which is set on the site of a former Oscar Mayer processing plant. The Conway is situated on a 1.7-acre site at 1846 Commercial Ave. It was designed by Knothe & Bruce Architects and is expected to be completed in the third quarter of 2026. The first two phases, The Victoria and The View, also will …

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Butler-Brad
Affordable HousingFinanceIndustry Voices

OBBBA’s Impacts on the LIHTC Program

by Lynn Peisner

For years, our country has been faced with a housing affordability crisis that has seemed to worsen each year. In fact, as of the end of last year, nearly 50 percent of all renters are considered cost-burdened by their monthly rent payments. While the low-income tax credit (LIHTC) program has historically been very successful in creating affordable housing across the country, there are certain constraints that limit the total number of units that can be created each year. However, recent changes arising from the One Big Beautiful Bill Act (OBBBA) …

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Heuberger-Marshall
Company NewsNewsPeople NewsSoutheast

Fogelman Announces Two Executive Promotions

by Lynn Peisner

MEMPHIS, TENN. — Fogelman has appointed Kristy Heuberger president of Investment Management and promoted Justin Marshall to president of property services. Heuberger formerly served as co-head of the Americas and head of asset management at LaSalle Investment Management, where she oversaw $30 billion in assets under management and led a team of approximately 250 real estate investment professionals. In the newly created role, Heuberger will oversee transactions, portfolio management, asset management, capital formation and investor relations. Justin Marshall, formerly chief operating officer, has been promoted to president of property services. …

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