Author

Lynn Peisner

Atrium-Garden-San-Jose
CaliforniaInvestment SalesNewsWestern

Atrium Garden in San Jose Sells for $18.5 Million

by Lynn Peisner

SAN JOSE, CALIF. — Marcus & Millichap has brokered the sale of Atrium Garden in San Jose for $18.5 million. Neither the buyer’s nor the seller’s identity was disclosed. The 160-unit property offers furnished studio units aimed at short-term rentals for tech-industry workers. Constructed in 2000, Atrium Garden is a four-story building with 159 studios and a one-bedroom manager’s apartment. Studios are furnished with a bed, bedside table and lamp, a lounge chair, a built-in desk and chair, a television, microwave, mini-refrigerator and a stove or hotplate. Amenities include a …

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Mill-at-White-House-Tennessee
FinanceNewsSoutheastTennessee

RFM Refinances The Mill at White House North of Nashville

by Lynn Peisner

WHITE HOUSE, TENN. — Walker & Dunlop has arranged a $42 million loan from an undisclosed institutional lender on behalf of RFM Development Co. The sponsor is refinancing The Mill at White House, a 216-unit property in White House, 27 miles north of Nashville that was recently completed and is finalizing lease-up. Walker & Dunlop’s capital markets team was led by Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore and Kyle Miller, the same team that previously arranged the asset’s construction financing in 2022.

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9733-Topanga-Canyon-Los-Angeles
CaliforniaInvestment SalesNewsWestern

Amoroso Cos. Buys Topanga Canyon Asset in Los Angeles for $44 Million

by Lynn Peisner

LOS ANGELES — Institutional Property Advisors (IPA) has arranged the sale of and acquisition financing for 9733 Topanga Canyon, a 119-unit property in the Chatsworth neighborhood of Los Angeles. The property sold for $44 million, which represents $369,748 per unit. IPA also arranged $27.4 million in agency financing. The asset, developed in 2009, was acquired by Amoroso Cos. to satisfy a 1031 exchange. The seller was an unnamed private multifamily investment firm. Kevin Green, Joseph Grabiec and Gregory Harris arranged the sale on behalf of the seller, while Brian Eisendrath …

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Kromer-Portfolio-Reno
CaliforniaInvestment SalesNewsWestern

Hamilton Zanze Buys Reno Portfolio

by Lynn Peisner

RENO, NEV. — Marcus & Millichap has arranged the sale of the Kromer Portfolio made up of three metro Reno properties. The properties are Village of the Pines, a 272-unit asset completed in 1974; Sand Pebble-Spanish Oaks, a 448-unit property constructed in 1983; and the 328-unit Lakeview, built in 1979. Ken Blomsterberg, Ryan Rife and Daniel Winrod of Marcus & Millichap’s Reno office represented the buyer, Hamilton Zanze. The seller was Kromer Investments. Village of the Pines spans approximately 10 acres and offers one-, two- and three-bedroom units with a …

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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 …

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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.  

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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, …

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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.

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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.

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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 …

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