Author

Lynn Peisner

The-Grand-on-Main
DevelopmentIndianaMidwestNews

BW Development, Skender to Break Ground on $105 Million Mixed-Use Project in Westfield, Indiana

by Lynn Peisner

WESTFIELD, IND. — BW Development will break ground later this year on The Grand on Main, a $105 million mixed-use development formerly dubbed Jersey 32. The builder is Chicago-based construction firm Skender, and the architect is Studio M Architecture and Planning. Completion is slated for 2027. The project, located in Westfield 20 miles north of Indianapolis, will include 216 multifamily units, 51,000 square feet of ground-floor retail and 15,000 square feet of office space. The plan to build a mixed-use site at the intersection of State Road 32 and Poplar …

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Harper-Portfolio-LA
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Arranges $25.3 Million Los Angeles Portfolio Sale

by Lynn Peisner

LOS ANGELES — Marcus & Millichap has arranged the $25.3 million sale of a seven-property, 275-unit portfolio in Los Angeles. The seller, a private unnamed group, has been assembling and managing the portfolio for the past 25 years. The portfolio is comprised of a mix of 1920s-era brick apartment buildings and an infill land site, concentrated in the Koreatown and Westlake neighborhoods. “The portfolio was experiencing challenges, including tenant delinquencies, aging building systems, deferred maintenance and litigation,” said Neema Ahadian in a prepared statement. Ahadian is senior managing director of …

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The-Bluffs-on-Lake-St-Francis
DevelopmentMidwestNewsWisconsin

M&R, Campbell Capital Break Ground on Milwaukee Project

by Lynn Peisner

ST. FRANCIS, WIS. — M&R Development and Campbell Capital Group LLC have begun construction of a 278-unit luxury apartment community situated on a bluff overlooking Lake Michigan in St. Francis, five miles south of downtown Milwaukee. The Bluffs on Lake will offer units ranging from studios to three-bedroom designs. M&R and Campbell Capital also teamed up to develop 42 Hundred on the Lake, a 236-unit project just south of The Bluffs on Lake that opened in 2021.  Located on a 21-acre site at 3700 S. Lake Drive, The Bluffs on …

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Pamela-Wilkes-Northmarq
Affordable HousingFinanceIndustry Voices

Affordable Housing Tax Changes: Understanding LIHTC, Bonds and Opportunity Zones

by Lynn Peisner

With the passage of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, Congress enacted the most significant expansion of housing incentives in more than two decades. For developers, investors and capital providers, this means new tools, more flexibility and a broader opportunity set.  At the heart of the legislation are updates to the Low-Income Housing Tax Credit (LIHTC) program, alongside permanent extensions to the Opportunity Zone (OZ) and New Markets Tax Credit (NMTC) incentives. Analysts estimate these changes could support the creation of up to 1.2 million …

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Salida_del_Sol
Affordable HousingCaliforniaDevelopmentNewsWestern

San Juan Capistrano City Hall Redevelopment Includes 50 Affordable Housing Units

by Lynn Peisner

SAN JUAN CAPISTRANO — Jamboree Housing Corp. has completed and opened Salida del Sol in San Juan Capistrano. According to Jamboree, a nonprofit, California-based affordable housing developer, the project is the first in the nation to combine affordable housing with a city hall. Located on a 2-acre portion of San Juan Capistrano’s existing city hall site, the 50-unit Salida del Sol is designed around a large open courtyard with a 45,593-square-foot residential building. Forty 557-square-foot units are designated for formerly unhoused individuals and veterans earning up to 30 percent of …

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CaliforniaHawaiiNewsWestern

Douglas Emmett Secures $1 Billion Refinancing

by Lynn Peisner

SANTA MONICA, CALIF. — Douglas Emmett (NYSE:DEI), a Santa Monica-based REIT with an office and multifamily portfolio, has secured approximately $1 billion in Fannie Mae loans to refinance nine properties, totaling 3,099 units across California and Hawaii. Walker & Dunlop arranged the financing. Through the transaction, debt on The Landmark Residences, formerly known as Barrington Plaza, in Los Angeles has been repaid.

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The-Postmark_CoStar
Investment SalesNewsWashingtonWestern

Kidder Mathews Arranges Seattle Portfolio Trade

by Lynn Peisner

SHORELINE, WASH. — The Simon Anderson multifamily team at Kidder Mathews has arranged a disposition and acquisition in the Seattle area. The buyer and seller was identified as John Stephanus, who is the president of Seattle-based Epic Asset Management. The four assets sold were Swiss Gables Apartments in Kent, Washington, 18 miles south of Seattle and Charbern Apartments, Stockbridge Apartments and Carolina Court Apartments, all of which are located around the Seattle metro. This portfolio totaled 215 units. The proceeds were used to acquire The Poshmark in Shoreline, 11 miles …

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50-70-Columbus
FinanceNew JerseyNewsNortheast

JLL Arranges $340 Million ReFi of New Jersey Transit-Oriented Development

by Lynn Peisner

JERSEY CITY, N.J. — JLL Capital Markets and BlueGate Partners have arranged a $340 million refinancing loan on behalf of Ironstate Development Co. and Panepinto Properties. Truist Financial Corp. funded the loans. The joint venture owners will use the financing for 50 & 70 Columbus, two high-rise towers constructed in 2007 and 2015 respectively. The properties are atop the Grove Street PATH station with direct access to Manhattan. JLL’s Debt Advisory team, representing the borrower, was led by Thomas Didio, Thomas E. Didio Jr., Gerard Quinn and Michael Mataras.

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The-Mill
ConnecticutInvestment SalesNewsNortheast

CBRE Arranges $97.5 Million Sale of Greenwich Historic Mixed-Use Project

by Lynn Peisner

GREENWICH, CONN. — A Greenwich mixed-use development, which is an  adaptive reuse of an 1880s-era mill site, has been sold for $97.5 million. CBRE’s Jeffrey Dunne, Eric Apfel, Stuart MacKenzie and Travis Langer represented the seller, The Mill Owners Co. LLC, which owned the asset for more than 40 years. The Mill is situated along the banks of the Byram River and was redeveloped in 2020 through 2021 by converting two office buildings — one dating back to 1881 and the other to 1981 — into apartments. Today, The Mill …

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Peridot-Lounge
DevelopmentFinanceNewsTexas

CIM Group Provides $132 Million Loan for Phase II of Peridot in Dallas

by Lynn Peisner

DALLAS — Pacific Elm Properties has secured a $132 million loan to refinance Santander Tower, a Dallas high-rise that has been converted from an office building to a mixed-use community. A portion of the tower, known as Peridot, was converted to 291 units of multifamily in 2023. The new loan will support construction of the project’s second phase, which will add 105 additional apartments and bring the total Peridot offering to 396 residences upon completion. In addition to the Peridot apartments, the mixed-use Santander Tower offers the Mint House luxury …

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