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Liva-Travelers-Rest
DevelopmentNewsSouth CarolinaSoutheast

Capstone Building Corp. Breaks Ground on Liva in Travelers Rest, South Carolina

by Lynn Peisner

TRAVELERS REST, S.C. — Capstone Building Corp. has broken ground on the $28.1 million Liva in Travelers Rest. Liva will feature 32 three-bedroom townhomes and five garden-style apartment buildings containing a total of 120 units. Greenville, South Carolina-based Clear Mountain Properties is the developer, and Capstone Building Corp. will serve as the general contractor. S3 Capital provided a construction loan for the project back in February. Amenities include a clubhouse, a pool, a bike-storage barn and public walking trails. Completion is slated for 2027.

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River-Court-Apts-Spokane
Investment SalesNewsWashingtonWestern

Kidder Mathews Brokers Sale of River Court Apartments in Spokane

by Lynn Peisner

SPOKANE, WASH. — Kidder Mathews has arranged the sale of River Court Apartments, a 21-unit community in Spokane. Kidder Mathews’ Max Frame represented the undisclosed seller. The buyer was also not identified. The asset traded for approximately $2.3 million. The community, built in 1979, is located at 3001 E. Upriver Drive along the Spokane River in the Minnehaha neighborhood. River Court Apartments consists primarily of two-bedroom units with an average size of 845 square feet. Amenities include a sports court and covered parking. “River Court Apartments offer a strong value-add …

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Creekstone-&-Gable-Point-Dallas
Investment SalesNewsTexas

Pardue Sells Two Texas Properties After 40-Year Hold

by Lynn Peisner

DALLAS — Marcus & Millichap has arranged the sale of two adjacent apartment communities in Dallas, representing the seller, Pardue Cos., and procuring the buyer, Clover Capital Partners. The assets are Creekstone and Gable Point. The sales price was not disclosed. Texas-based Pardue built the properties and has held them since they were constructed in the 1980s. Creekstone is a two-story, 220-unit property built in 1982. Gable Point, built in 1986, comprises 152 units. IPA’s team was led by William Hubbard, Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello and …

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The-Worthington-Pikesville
FinanceInvestment SalesMarylandNewsNortheast

Walker & Dunlop Arranges $75M Acquisition Loan for Metro Baltimore Property

by Lynn Peisner

PIKESVILLE, MD. — Walker & Dunlop has arranged a $75 million agency loan for the acquisition of The Worthington Apartments in the northwest Baltimore suburb of Pikesville. Locally based Quest Management Group was the buyer/borrower. The 612-unit garden-style community is situated on approximately 38 acres. The site is comprised of 29 buildings, four garages, a clubhouse, a pool house and a maintenance facility. Walker & Dunlop’s Jonathan Zilber and Joel Chetner arranged the 10-year, fixed-rate nonrecourse loan.

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Society-Brooklyn-New-York
Affordable HousingFinanceNew YorkNewsNortheast

PMG Secures $370M Refinancing Loan for Society Brooklyn

by Lynn Peisner

BROOKLYN, N.Y. — JLL has arranged a $370 million refinancing loan for Society Brooklyn, a 517-unit, two-tower community along the Gowanus Canal in Brooklyn. The lender was Brookfield Asset Management, and the borrower was Property Markets Group (PMG), a Miami-based developer that opened the property in May 2025. Society Brooklyn is comprised of 385 market-rate units and 132 units reserved for households earning between 40 and 130 percent of area median income. The development also includes 57,288 square feet of retail and commercial space. The property offers fitness centers, yoga …

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The-Hill-Apartments-St-Paul
Investment SalesMidwestMinnesotaNews

Wolverton Capital Sells The Hill Apartments in Twin Cities Metro

by Lynn Peisner

ST. PAUL, MINN. — Wolverton Capital has sold The Hill Apartments, a 162-unit community in St. Paul’s Cathedral Hill neighborhood. JLL’s team representing Santa Monica, California-based Wolverton was led by Josh Talberg, Joseph Peris and Eli Smith. The Hill Apartments were built in 2020. Amenities include a pool and hot tub, a business center with a conference room, a clubhouse with a full kitchen, a fitness center and a lobby lounge. According to the Minneapolis/St. Paul Business Journal, the property is valued at $26.8 million and was developed by Edina, …

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4th-&-Harrison-Seattle
DevelopmentNewsWashingtonWestern

JPI, Stream Real Estate Buy Parcel in Uptown Seattle for Future 10-Story Family Community

by Lynn Peisner

SEATTLE — JPI has acquired a development site at 400 4th Ave. W. in Seattle. The Dallas-based developer, in partnership with Seattle-based Stream Real Estate, plans to build a 10-story, 189-unit community on the parcel. The partners have not disclosed specifics about the project but say two- to three-bedroom floor plans designed with families in mind will take priority. Construction is expected to begin in spring 2027.

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Douglas-Terrace-Racine
Investment SalesMidwestNewsWisconsin

MLG Capital Sells Douglas Terrace in Racine, Wisconsin, for $23M

by Lynn Peisner

RACINE, WIS. — Northmarq has arranged the $23 million sale of and acquisition financing for Douglas Terrace Apartments in Racine. Northmarq’s Chicago-based investment sales team led by Alex Malzone, Parker Stewart, Dominic Martinez and Jake Lamb represented seller Wisconsin-based MLG Capital. The buyer was a private capital group from Illinois. A debt and equity team led by Brett Hood and Kevin McCarthy arranged an $18.3 million Fannie Mae loan for the buyer. Douglas Terrace Apartments is a 202-unit garden-style community located at 3706 Douglas Ave. Built in 1966 and renovated …

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Harbor-Point-Baltimore
GeorgiaInvestment SalesNewsSoutheastVirginia

Harbor Group International Buys 11 Properties from AH Realty Trust for $562M

by Lynn Peisner

NORFOLK, VA. — Harbor Group International (HGI) will acquire 11 properties from AH Realty Trust (NYSE:AHRT) for $562 million. The 11 assets represent the majority of Virginia Beach-based AHRT’s multifamily portfolio. The REIT will retain Smith’s Landing and plans to separately market its remaining two properties, The Everly in Roanoke, Virginia, and Solis in Gainesville, Georgia. HGI has provided a $15 million nonrefundable deposit, and the all-cash transaction is not contingent on financing. The transaction is expected to close by mid-year. AHRT’s long-term goals are to simplify its platform by …

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DevelopmentNewsNorth CarolinaSoutheast

Alliance Residential Buys Land for Metro Charlotte’s Broadstone Bryton

by Lynn Peisner

HUNTERSVILLE, N.C. — Alliance Residential Co. has closed on a 20.4-acre land sale for the development of Broadstone Bryton, a 359-unit community in Huntersville, 12 miles north of Charlotte. The Arizona-based developer estimates the project will be complete by the second quarter of 2028. The Broadstone Bryton site is adjacent to the Bryton Town Center and part of the 450-acre Bryton master-planned community. Broadstone Bryton will feature 10 three story residential buildings and a freestanding clubhouse. Cline Design Associates is the architect. Amenities to support the one-, two- and three-bedroom …

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