Author

Lynn Peisner

Urbana in Seattle
Investment SalesNewsWashingtonWestern

Equity Residential Sells Seattle Asset to Carmel Partners

by Lynn Peisner

SEATTLE — Institutional Property Advisors (IPA) has arranged the sale of and financing for Urbana, a 289-unit, seven-story asset with 29,884 square feet of street-level retail in Seattle. IPA’s Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino represented the seller, Equity Residential and procured the buyer, Carmel Partners. The sales price was not disclosed, but local media reported it traded for approximately $121 million. Built in 2014, the LEED Gold-certified Urbana has two rooftop decks, a resident lounge with a theater, a dog run and pet spa, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Williams_Ranch_Vista
DevelopmentNewsTexas

Vista Residential Breaks Ground on First Project in Texas

by Lynn Peisner

RICHMOND, TEXAS — Vista Residential Partners has broken ground on Williams Ranch Vista, a 375-unit project adjacent to Williams Ranch, which is the site of several residential developments in Richmond. The 18.2-acre parcel is located along the I-69 corridor in Fort Bend County and is approximately 21 miles from downtown Houston. A construction timeline was not disclosed. Williams Ranch Vista will offer a mix of one- and two-bedroom units. Interior finishes will include granite countertops in the kitchen and bath areas, stainless steel appliances, subway-tile backsplashes, wood-like flooring, tiled showers …

Continue Reading
0 FacebookTwitterLinkedinEmail
Grandview in Escondido
CaliforniaInvestment SalesNewsWestern

Newmark Arranges Sale of Grandview in Escondido, California

by Lynn Peisner

ESCONDIDO, CALIF. — La Caze Development has sold Grandview Escondido, a 13,421-square-foot, 15-unit property located at 1316 E. Grand Avenue in Escondido, which is 30 miles north of San Diego. The sales price was $7.2 million, and the buyer was identified as a local high-net-worth individual, who was represented by Andy Brikho of Brik Home Loans. Newmark arranged the sale, with Senior Managing Director Erik Anderson and Associate Tanner Harris representing La Caze in the deal. Grandview Escondido was developed in 2023 and was fully occupied at the time of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pfizer conversion rendering
Affordable HousingDevelopmentNew YorkNewsNortheast

IPA Arranges $720 Million Loan to Convert Manhattan Pfizer HQ to Apartments

by Lynn Peisner

NEW YORK CITY — IPA Capital Markets has closed a $720 million construction loan for a joint venture between Metro Loft Developers and David Werner Real Estate Investments for the development and conversion of the former Pfizer headquarters consisting of two adjacent and connected office buildings. According to media outlets, Metro Loft and David Werner also secured a $135 million acquisition loan earlier this year. The buildings are located at 219 and 235 East 42nd St. in the Midtown East neighborhood of Manhattan. Upon completion, the property will include 1,602 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Zaterra
ArizonaInvestment SalesNewsWestern

IPA Arranges $137.5 Million Metro Phoenix Sale

by Lynn Peisner

CHANDLER, ARIZ. — Institutional Property Advisors (IPA) has arranged the sale of Zaterra, a 392-unit property in Chandler. The asset traded for $137.5 million, or $350,765 per unit. Completed in 2023 on 22 acres, Zaterra is a two- and three-story, garden-style property with an average unit size of 1,043 square feet. Amenities include two pools, a suite with a large conference room and individual workspaces, 24-hour fitness center and a yoga lawn. The sellers were entities doing business as PB Bell and PCCP, LLC. The buyer was not identified.

Continue Reading
0 FacebookTwitterLinkedinEmail
Camino at BuHi
DevelopmentGeorgiaNewsSoutheast

RangeWater Opens Buford Highway Project

by Lynn Peisner

DORAVILLE, GA. — RangeWater Real Estate has opened Camino at BuHi in Doraville, a suburb of Atlanta. The property was developed in partnership with North America Sekisui House, a subsidiary of Sekusi House, one of Japan’s largest homebuilders. Camino at BuHi offers 303 apartment units and townhomes. It is RangeWater’s 26th development in the Atlanta area and the fourth project for its recently launched in-house construction company. Floor plans at Camino at BuHi are offered as studios as well as one-, two- or three-bedroom units. Amenities include a dog park …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bergen-Town-Center-Land
DevelopmentInvestment SalesNew JerseyNewsNortheast

Russo, KRE Buy Multifamily Land Site Near Bergen Town Center in New Jersey

by Lynn Peisner

PARAMUS, N.J. — Urban Edge Properties, a publicly traded REIT, has sold a land site to Russo Development and KRE Group for $25 million. JLL Capital Markets arranged the transaction. The parcel is adjacent to Bergen Town Center in Paramus. The new community will be developed in two phases. The first phase includes 166 units. The second will include 260 units. In each phase, developers will deliver four floors of residential space over two or three levels of parking. The development will also include an amenity package and two retail suites …

Continue Reading
0 FacebookTwitterLinkedinEmail
Midway-Village
Affordable HousingCaliforniaDevelopmentNewsWestern

Mid-Pen Opens First Phase of Midway Village in San Mateo County

by Lynn Peisner

DALY CITY, CALIF. — MidPen Housing and partners have completed the construction of Midway Village I, which includes 147 affordable-housing units in Daly City.  MidPen also broke ground on Midway Village II, which will include 113 affordable units and a childcare facility. Midway Village I is reserved for renters earning between 30 and 80 percent of area median income (AMI). The developer has earmarked 12 of the apartments for young adults aging out of foster care. Local teachers/members of the area’s education workforce will have first dibs on 27 of …

Continue Reading
0 FacebookTwitterLinkedinEmail
BerkadiaBuild-to-RentInvestment SalesNewsNorth CarolinaSoutheast

Berkadia Arranges Charlotte Area Build-to-Rent Sale

by Lynn Peisner

INDIAN TRAIL, N.C. —Berkadia has arranged the sale of Poplin Trace in Indian Trail, a city about 15 miles southeast of Charlotte. The sales price was not disclosed, but the Charlotte Business Journal reported the asset traded for $31 million. The seller was Arizona-based Belleview. The buyer was not disclosed. As of the date of sale, which was April 22, the property was 93 percent occupied. Poplin Trace offers 99 units, all as three-bedroom townhomes with attached two-car garages. The townhome, build-to-rent community was developed in 2021. Managing Director Caleb …

Continue Reading
0 FacebookTwitterLinkedinEmail
Society-Brooklyn
Affordable HousingDevelopmentNew YorkNewsNortheast

PMG Opens Mixed-Income High-Rise in Brooklyn

by Lynn Peisner

BROOKLYN, N.Y — Property Markets Group (PMG) opened Society Brooklyn in the Gowanus neighborhood on May 15. The two-tower, 21-story, mixed-use, mixed-income property spans 594,000 square feet and features 517 residential units, 25 percent of which are allocated as affordable housing. Society Brooklyn at Degraw’s affordable units are reserved for tenants earning between 40 and 100 percent of area median income (AMI). Units in the second tower, called Society Brooklyn at Sackett, are for tenants earning between 40 and 130 percent of AMI. MNS Real Estate is handling leasing. The exact …

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