News

1920-Turnbull-Bronx
Affordable HousingDevelopmentNew YorkNewsNortheast

Gilbane, Partners to Develop $170M Affordable Housing Tower in The Bronx

by Lynn Peisner

NEW YORK CITY — Gilbane and partners have closed on financing for 1920 Turnbull, a $170 million, 228-unit affordable and supportive housing project in the Castle Hill/Soundview neighborhood of the Bronx. Apartments are income-restricted to households earning up to 60 percent area median income, and 137 units will be reserved as permanent supportive housing. Strada Development and the Center for Urban Community Services (CUCS) are co-developers, with CUCS also serving as a service provider. Upon completion, slated for March 2029, CUCS will operate a 3,500-square-foot on-site office space providing residents …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cartwright-Family-Apartments-Irvine
Affordable HousingCaliforniaDevelopmentNewsWestern

C&C Opens Irvine, California, LIHTC Development Cartwright Family Apartments

by Lynn Peisner

IRVINE, CALIF. — C&C Development, a Tustin, California-based affordable housing developer, has completed and opened Cartwright Family Apartments in the Irvine Business Complex. The 4 percent LIHTC project, which is fully occupied, includes 60 units reserved for households earning between 30 and 80 percent of area median income, with some units set aside for veterans. KTGY was the architect. Cartwright Family Apartments is a a single four-story residential building with a mix of 15 one-bedrooms, 17 two-bedrooms and 28 three-bedroom units. Amenities include a courtyard with a pool, barbecue pavilion, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Villas-Lawson-Creek-Boiling-Springs
BerkadiaInvestment SalesNewsSouth CarolinaSoutheast

Berkadia Arranges Sale of Villas at Lawson Creek in Boiling Springs, South Carolina

by Lynn Peisner

BOILING SPRINGS, S.C. — Nebraska-based Momentum Housing has sold Villas at Lawson Creek in Boiling Springs, 8 miles northwest of Spartanburg, to Charleston, South Carolina-based Matheson Capital for an undisclosed sum. Berkadia represented the seller in the transaction. Located at 9159 Asheville Highway, Villas at Lawson Creek is a 202-unit garden-style community built in 2009. The property offers one-, two- and three-bedroom units and amenties that include a pool, fitness center, grilling and picnic areas, laundry facilities, a car care center, a movie lounge and storage units.

Continue Reading
0 FacebookTwitterLinkedinEmail
931-Senate-Columbia
DevelopmentNewsSouth CarolinaSoutheast

Subtext, PGIM to Build Mixed-Use Development in Columbia, South Carolina

by Lynn Peisner

COLUMBIA, S.C. — Subtext and PGIM have acquired land at 931 Senate St. in Columbia’s Vista district. The seven-floor property will be comprised of 221 units in one-, two- and three-bedroom layouts and 2,600 square feet of ground-floor retail. In December 2025, Columbia CBS affiliate WLTX reported the project cost to be approximately $80 million. Partners include Simmons Bank as lender, W.M. Jordan as general contractor, ESG as architect and interior designer, Davis & Floyd as civil engineer and structural engineer Pierce Engineering. The community will feature about 20,000 square …

Continue Reading
0 FacebookTwitterLinkedinEmail
Easthaven-Pooler
FinanceGeorgiaNewsSoutheast

JLL Arranges $34.5M Refinancing for Easthaven in Pooler, Georgia

by Lynn Peisner

POOLER, GA. — Mandrake Capital Partners has obtained a $34.5 million refinancing loan for Easthaven, a 143-unit build-to-rent community in Pooler that was completed last year. Bridge Investment Group was the lender, and JLL’s Michael Zaremski and Clayton Ross arranged the financing. Easthaven’s three-bedroom townhomes are complemented by a pool, fitness center, dog park, playground and walking trails.

Continue Reading
0 FacebookTwitterLinkedinEmail
Watkins-Mill-Gaithersburg
Investment SalesMarylandNewsNortheast

RailField Partners Acquires 210-Unit Maryland Property from Elme Communities

by Lynn Peisner

GAITHERSBURG, MD. — RailField Partners has acquired Elme Watkins Mill, a 210-unit garden-style community in the Washington, D.C., suburb of Gaithersburg, from Elme Communities (NYSE: ELME). The property was purchased by RailField’s RG Value Add Fund, a joint venture with GCM Grosvenor (Nasdaq: GCMG), whose real estate business encompasses about $7 billion across 2,200 properties. The transaction comes as Elme Communities continues to wind down its portfolio under a shareholder-approved plan of sale and liquidation. Elme Watkins Mill was among the remaining assets. The REIT has announced it will sell …

Continue Reading
0 FacebookTwitterLinkedinEmail
JFK-Blvd-Jersey-City
DevelopmentFinanceNew JerseyNewsNortheast

Madison Capital Provides $375M Construction Loan for Jersey City Development

by Lynn Peisner

JERSEY CITY, N.J. — Walker & Dunlop has arranged a $375 million construction loan to finance JFK Boulevard, a mixed-use project that will be built in Journal Square in Jersey City. The developer is Nasser Freres. The lender was Madison Realty Capital. The project includes 840 residences, including studios, one-, two- and three-bedroom units. Eighty-four units will be designated as affordable housing. Rent restrictions have not yet been disclosed. The development will also feature approximately 50,000 square feet of retail space anchored by a national organic grocer. An additional 36,522 square …

Continue Reading
0 FacebookTwitterLinkedinEmail
Briarwood-Livermore
CaliforniaInvestment SalesNewsWestern

Virtu Investments Sells Briarwood Apartments in Livermore, California, for $19.8M

by Lynn Peisner

LIVERMORE, CALIF. — Locally based Virtu Investments has sold Briarwood Apartments in Livermore, 44 miles west of San Francisco. The asset sold for $19.8 million. Marcus & Millichap represented Virtu, arranged a $13.3 million acquisition loan and procured the unnamed buyer. The transaction was one in a three-property portfolio trade. Briarwood Apartments is comprised of 64 units and was built in 1961.

Continue Reading
0 FacebookTwitterLinkedinEmail
Elara-at-The-Market-Seattle
Affordable HousingInvestment SalesNewsWashingtonWestern

Seattle Housing Agency Buys its First Property for $60.9M

by Lynn Peisner

SEATTLE — The Seattle Social Housing Developer (SSHD) has acquired its first multifamily property since city voters approved the creation of the independent public development authority in 2023. Spartanburg, South Carolina-based Johnson Development Associates sold Elara at the Market to SSHD for $60.9 million. Kidder Mathews arranged the sale. The 150-unit property, which Johnson Development Associates built in 2017, is half a mile northwest of Pike Place Market. In 2023, Seattle city residents voted on Initiative 135, a local citizen-led ballot measure that officially chartered SSHD. In 2025, city voters …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bayside-Kenosha
Build-to-RentInvestment SalesMidwestNewsWisconsin

CBRE Arranges $7.1M Sale of Bayside Townhomes in Kenosha, Wisconsin

by Lynn Peisner

KENOSHA, WIS. — CBRE has arranged the $7.1 million sale of Bayside Townhomes, a 32-unit community in Kenosha. Campbell Creek Communities LLC was the buyer, and Bayside Townhomes LLC was the seller. CBRE’s Matson Holbrook, Gretchen Richards and Sean Beuche represented the seller in the transaction. Bayside Townhomes is located at 1523 Sheridan Road. The property features three-bedroom floor plans averaging 1,500 square feet. Unit amenities include private entrances, attached garages, patios and balconies and in-unit washers and dryers. The property was 100 percent occupied at the time of sale. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.