Development

3600-Peachtree-Atlanta
DevelopmentGeorgiaNewsSoutheast

Crescent Communities to Develop Office Tower and Multifamily in Buckhead Atlanta Project

by Lynn Peisner

ATLANTA — Crescent Communities has announced plans to develop 3600 Peachtree, a mixed-use project in the Buckhead neighborhood of Atlanta. The development plans call for a 375,000-square-foot, 21-story Class A office tower complemented by a 300-unit NOVEL by Crescent Communities luxury multifamily component. The developer also is planning for street-level food and beverage tenants and community-wide amenities that will be anchored by approximately 10,000 square feet of shared indoor amenities with direct access to an elevated 19,000-square-foot landscaped outdoor terrace overlooking Buckhead. Project partners include HSR Development Services (development), Partners …

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162-E-36th-New-York
DevelopmentFinanceNew YorkNewsNortheast

Developers of High-Rise in Manhattan’s Murray Hill Secure $115M Refinancing

by Lynn Peisner

NEW YORK CITY — Affinius Capital has provided a $115 million refinancing loan to Ranco Capital and the Gilardian Family, the developers of a 22-story multifamily project in Manhattan’s Murray Hill neighborhood. The borrower will use the financing to complete construction and stabilize occupancy. Henry Bodek of Galaxy Capital arranged the loan. The building is located at 162 East 36th St. and is comprised of 160 studio, one- and two-bedroom units and 3,700 square feet of ground-floor retail space. Amenities feature a rooftop lounge, a fitness center and sauna, coworking …

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Arden-Glen-Cove
DevelopmentNew YorkNewsNortheast

RXR, Chuo Nittochi America Break Ground on The Arden in Glen Cove, New York

by Lynn Peisner

GLEN COVE, N.Y, — RXR and Chuo Nittochi America Corp. have broken ground on the 101-unit Arden, located within the Garvies Point mixed-use development in Glen Cove on the north shore of Long Island, about 34 miles south of Manhattan. The five-story project will include 2,400 square feet of retail and such amenities as an attended lobby, a lounge with a kitchenette, a package room, a wellness lounge with a sauna and massage rooms, a pool, fire pit, grilling stations with prep sinks, electric vehicle charging and a landscaped courtyard. …

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Affordable HousingDevelopmentInvestment SalesNewsSoutheastTennessee

Dominium Closes on Land Sale for Evermere at Trinity in Nashville

by Lynn Peisner

NASHVILLE, TENN. — Dominium has acquired land at 865 W. Trinity Lane in Nashville for the future development of Evermere at Trinity, a 233-unit, LIHTC-backed affordable housing community. Weis Construction is the general contractor. Homes will include private balconies, full-sized washers and dryers, walk-in closets, stainless steel appliances and high-speed internet. A fitness center, pool and playground are among the amenity highlights. Neither a construction timeline nor rent restrictions were disclosed. Within the past year, Dominium has also acquired land in Nevada, Arizona and Oklahoma for additional upcoming affordable housing …

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40X-NYC
DevelopmentFinanceNew YorkNewsNortheast

GFP Receives $192M Loan for Lower Manhattan Conversion Project

by Lynn Peisner

NEW YORK CITY — GFP Real Estate has obtained a $191.5 million construction loan for the office-to-residential conversion of 40 Exchange Place, a historic 300,000-square-foot, 20-story building in Lower Manhattan’s Financial District. 40 Exchange Place was completed in 1893 and served as the headquarters for the New York Stock Exchange from 1856 to 1865. Derby Lane was the lender, and Newmark’s Jordan Roeschlaub, Chris Kramer and Tim Polglase arranged the financing. Upon completion, the building will include 382 multifamily units in a mix of affordable and market-rate rents as well …

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Link-at-Boca-Florida
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

JV Secures $100M Construction Loan, Breaks Ground on South Florida Transit-Oriented Project

by Lynn Peisner

BOCA RATON, FLA. — A joint venture between South Florida-based developer 13th Floor Investments and Boston-based private equity firm Rockpoint has obtained a $100 million construction loan from Santander Bank for Link at Boca, a 340-unit property with 24,000 square feet of retail space in Boca Raton. The project was announced in 2025. Construction is expected to begin later this month. The developers estimate the project will be complete within two years. The project, located at 680 Yamato Road, is adjacent to the Boca Raton Tri-Rail station, which is a …

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The-District-Round-Rock-Texas
DevelopmentFinanceNewsTexas

Mark IV Secures $86 Million Construction Loan to Launch Dell Campus Redevelopment in Metro Austin

by Lynn Peisner

ROUND ROCK, TEXAS — Newport Beach California-based Mark IV Capital has received an $86 million construction for the first phase of The District in Round Rock, a master-planned, mixed-use project in Round Rock approximately 20 miles north of Austin. The lenders were BDT & MSD Partners and an affiliate of Apollo (NYSE: APO). George Smith Partners arranged the financing. Mark IV acquired the site from Dell Technologies in 2016 and has since been finalizing planning and entitlements. Loan proceeds will fund vertical construction of Phase I, which consists of a …

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Coro-Los-Angeles
CaliforniaDevelopmentLeasing & MarketingNewsWestern

CIM Group Opens Coro in Los Angeles

by Lynn Peisner

LOS ANGELES — CIM Group has completed and opened Coro, a six-story, 168-unit property with 40,000 square feet of ground-floor retail in the West Adams neighborhood of Los Angeles. Units are offered as studios, one- and two-bedroom floor plans, and 17 apartments are reserved for households earning no more than 30 percent of area median income. CIM Group acquired the 1.3-acre Opportunity Zone property for the Coro project in 2023 from the West Angeles Church of God in Christ. Coro replaces the vacant former church, which relocated to the intersection …

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Parkside-Tampa
Build-to-RentDevelopmentFloridaLeasing & MarketingNewsSoutheast

ARK Homes For Rent Opens Tampa Townhome Community

by Lynn Peisner

TAMPA, FLA. — ARK Homes For Rent has completed and opened Parkside, a 75-unit rental townhome community in Tampa. Units are offered as three- and four-bedroom floor plans, and amenities include walking paths and a dog park. Monthly asking rents start at $1,995. ARK Homes For Rent also offers a mobile app that helps residents pay rent, submit maintenance requests and work orders, access HOA information and shop in a tailored marketplace. It also includes access to the ARK Living platform, which provides custom health content and on-demand wellness features.

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Carl-Whitaker-Real-Page
DevelopmentIndustry VoicesLeasing & MarketingOperations

Q&A: ‘Slowing Labor Market’ Could Hamper Apartment Demand in 2026, Says RealPage Economist Carl Whitaker

by Lynn Peisner

The multifamily sector closed 2025 with clear signs of transition. National occupancy dipped to 94.6 percent, effective rents stalled or fell in several markets year over year, and absorption slowed alongside cooling job growth, according to RealPage. As of December 2025, national effective rents grew by 0.4 percent year over year. The supply story is shifting just as quickly. Developers delivered about 409,000 units last year — roughly 30 percent less than in 2024 — setting the stage for a very different leasing environment in 2026. To unpack what with …

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