Author

Lynn Peisner

Fox-and-Grouse-Eden-Prairie
FinanceMidwestMinnesotaNews

Grego, Eagle Ridge Refinance Eden Prairie Development

by Lynn Peisner

EDEN PRAIRIE, MINN. — Greco and Eagle Ridge Partners have refinanced The Fox & The Grouse, a 237-unit property in Eden Prairie. Construction was completed on the first phase of the project in April 2025. JLL arranged the five-year, $50 million refinancing loan on behalf of the owners as well as equity partner Amstar Group, through PNC Bank. Back in August, JLL also arranged a $39.1 million loan and secured $16.5 million in equity from Amstar. Located 18 miles southwest of Minneapolis, The Fox & and the Grouse is six-story …

Continue Reading
0 FacebookTwitterLinkedinEmail
Springfield-Apartments-Durham
Investment SalesNewsNorth CarolinaSoutheast

RailField Buys Research Triangle Property

by Lynn Peisner

DURHAM, N.C. — RailField has acquired Springfield Apartments, a 288-unit garden-style property in Durham. The seller and sales price were not disclosed. Amenities include a resort-style pool with grilling stations, a fenced dog park, a renovated fitness center, a game room and a car care center. The property was purchased via RailField’s RG Value Add Fund, a joint venture with alternative-asset investment firm GCM Grosvenor.  

Continue Reading
0 FacebookTwitterLinkedinEmail
Low-Line-Commons-Chicago
IllinoisInvestment SalesMidwestNews

Highland Real Estate Partners Buys Low-Line Commons in Chicago

by Lynn Peisner

CHICAGO — Highland Real Estate Partners has acquired Low-Line Commons, a 95-unit building in Chicago’s Lakeview neighborhood. The seller was a joint venture between Wildwood Investments and Contemporary Concepts. Interra Realty brokered the sale. The property was 98 percent occupied at the time of the sale. Located at 3431-49 N. Ashland Ave., Low-Line Commons, built in 2024, features three studio, 27 one-bedroom, 42 two-bedroom and 23 three-bedroom apartments. Amenities include a lounge, coworking space, a fitness center, storage lockers, a pickleball court and a rooftop deck.

Continue Reading
0 FacebookTwitterLinkedinEmail
Morris-Ellison
Affordable HousingDevelopmentFinanceIndustry Voices

How Property Tax Tools Can Spur Affordable Housing Development

by Lynn Peisner

As apartment rents climb and home prices soar, more Americans struggle to find stable, affordable housing. While many factors contribute to this growing affordability crisis one often overlooked but considerable, housing cost is property taxation. After World War II, the American dream was built on the foundation of homeownership. With the GI Bill’s help, returning veterans could purchase homes. Homeownership became a significant source of savings and wealth, enabling families to build equity over time as property values generally appreciated. In effect, homeownership became a form of “forced” savings that …

Continue Reading
0 FacebookTwitterLinkedinEmail
Rivergate-Sacramento
CaliforniaInvestment SalesNewsWestern

Newmark Arranges Sale of Rivergate Apartments in Sacramento

by Lynn Peisner

SACRAMENTO — Newmark has arranged the sale of Rivergate Apartments, a 126-unit property at 900 Simon Terrace in West Sacramento. Newmark Managing Director Will Blucher and Associate Wills Vlasek represented the seller, McCarty Sacramento Property LLC, in the disposition to a private buyer, IMG II, LLC. Rivergate is approximately 3 miles from Sacramento’s Central Business District and offers 72 one- and 54 two-bedroom floor plans across 10 two-story buildings on a 3.6-acre parcel. Amenities include a gated pool, a standalone leasing office, common area laundry facilities and interior courtyards.

Continue Reading
0 FacebookTwitterLinkedinEmail
Northbend-Atlanta
DevelopmentGeorgiaNewsSoutheast

Developers Secure Land for $605 Million Mixed-Use District in Atlanta

by Lynn Peisner

BROOKHAVEN, GA. — Third & Urban and HighBrook Investors have assembled 30 acres for the redevelopment of Corporate Square, a 1970s-era office park in the Atlanta metro city of Brookhaven. The site, located between Buford Highway and Interstate-85, has been dubbed Northbend in reference to the bend of Peachtree Creek along its northern edge. Atlanta-based developer Third & Urban and West Palm Beach, Florida-based HighBrook, a financial partner, are finalizing partnerships to begin construction for the initial phases of the new mixed-use district, valued at $605 million. The assemblage comprises …

Continue Reading
0 FacebookTwitterLinkedinEmail
West-Side-Apartments-Mauton
Investment SalesMidwestWisconsin

Marcus & Millichap Arranges Sale of West Side Apartments in Wisconsin

by Lynn Peisner

MAUSTON, WIS. — Marcus & Millichap has arranged the sale of West Side Apartments in Mauston, 78 miles north of Madison, Wisconsin. The buyer and seller were two LLCs, doing business as Greenfeather Twenty-Eight (buyer) and Mautson 80 (seller). Matthew Whiteside, based out of Marcus & Millichap’s Milwaukee office, arranged the deal. The newly constructed community is situated on 7.4 acres at 702 Loomis Drive. It includes 24 one-bedroom and 24 two-bedroom units across 48,336 rentable square feet.

Continue Reading
0 FacebookTwitterLinkedinEmail
Bonham-&-Baker-Frisco
DevelopmentNewsTexas

Hillwood Breaks Ground on Bonham & Baker at Frisco Station

by Lynn Peisner

FRISCO, TEXAS — Dallas-based Hillwood Multifamily has broken ground on Bonham & Baker, a 410-unit community located in the 242-acre master-planned Frisco Station in the Dallas suburb of Frisco. The unit mix is comprised of one- and two-bedroom homes and two- and three-bedroom, two-story townhomes, all with private patios or balconies. Some units will also offer built-in desks, separate home office spaces, mudrooms and butler pantries. A package management locker system, a wine lounge and coffee bar, electric vehicle charging stations, coworking space with private offices and a conference room, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Helms-Los-Angeles
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

Priority Capital Arranges $28 Million Loan for Los Angeles Development

by Lynn Peisner

LOS ANGELES, CALIF. — Priority Capital Advisory has arranged a $28 million loan on behalf of CityPads, a private equity fund manager and developer with operations based in Chicago and Los Angeles. The senior debt financing is for the development of a 92-unit property in West Los Angeles. Zachary Streit of Priority Capital Advisory brokered the loan along with Lucas Borges of JLL. CityPads has begun construction, and completion is slated for 2026. The property’s unit mix will consist of 38 studios (33 market rate, five affordable), 53 one-bedroom units …

Continue Reading
0 FacebookTwitterLinkedinEmail
Quarry-Place-Tuckahoe
Investment SalesNew YorkNewsNortheast

Veris Residential Sells Quarry Place in NYC Metro for $63 Million

by Lynn Peisner

TUCKAHOE, N.Y. — Veris Residential has sold Quarry Place in Tuckahoe to Hines for $63 million in a transaction arranged by JLL Capital Markets. Tuckahoe is a village 20 miles north of Manhattan. Built in 2016, Quarry Place features 61 one- and 47 two-bedroom units and is currently 96 percent occupied. The 3,275 square feet of ground-floor retail is leased to Orangetheory Fitness. Amenities include a fitness center with a yoga room and spin studio, a clubroom with computer stations, a garden terrace with a fire pit and electric vehicle …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.