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Modera-Paramus
DevelopmentNew JerseyNewsNortheast

Mill Creek Residential Breaks Ground on Westfield Mall Redevelopment in Paramus, New Jersey

by Lynn Peisner

PARAMUS, N.J. — Mill Creek Residential has broken ground on Modera Garden State Plaza, a mixed-use community in Paramus. Two separately branded residential buildings will contain a total of 575 units as well as 48,000 square feet of ground-floor retail space. The community will serve as a residential component of the redevelopment of Unibail-Rodamco-Westfield’s Garden State Plaza mall. Amenities will include a rooftop deck, resort-style pool, sauna, outdoor kitchen and dining space, grilling areas, fire pits, landscaped courtyards, resident clubhouse, coffee bar, game room, pool table and a fitness center …

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Affordable HousingCompany NewsNew YorkNewsNortheastPeople News

Enterprise Community Partners Hires Kim Darga to Lead New York Business

by Lynn Peisner

COLUMBIA, MD. — Enterprise Community Partners, a national nonprofit affordable housing developer, has hired Kim Darga as vice president and New York market leader. In this role, Darga will lead Enterprise’s work across New York State, including New York City. Prior to joining Enterprise, Darga most recently served as deputy commissioner for the Office of Development at the New York City Department of Housing and Preservation (HPD), the municipal housing agency serving the five boroughs of the New York City metro area. Darga worked for HPD for 18 years in …

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Varick-Site-NYC
Affordable HousingDevelopmentNew YorkNewsNortheast

Global Holdings, MAG Partners Form JV for Manhattan Development

by Lynn Peisner

NEW YORK CITY — Global Holdings and MAG Partners have formed a joint venture to develop a ground-up project in Manhattan’s Hudson Square neighborhood at 122 Varick St. The 149-unit residential tower is being developed under a long-term ground lease with Trinity Church. The development will comprise approximately 192,000 square feet, including about 5,000 square feet of ground-floor retail. The project is being built under the 485-x program, which provides tax breaks to developers of buildings with six or more units that include affordable housing. Specific rent restrictions were not …

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DevelopmentGeorgiaNewsSoutheast

Thompson Thrift Opens The Liliana in Pooler, Georgia

by Lynn Peisner

POOLER, GA. — Thompson Thrift has opened The Liliana, a 360-unit development in the Savannah, Georgia, suburb of Pooler. Move-ins began in July of 2025 while construction wrapped up in April of 2026. The project is situated on 23 acres and includes one-, two- and three-bedroom units and amenities such as a fitness center, resort-style pool, electric firepits with seating area, a pickleball court and a dog park. Some units include a private yard, patio or balcony.

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The-Buckley-Plano
DevelopmentNewsOperationsTexas

Rosewood Property Co. Begins Leasing at The Buckley in Plano, Texas

by Lynn Peisner

PLANO, TEXAS — Dallas-based Rosewood Property Co. and development partner MetLife Investment Management have begun leasing at The Buckley, a 338-unit community located at 600 Kissimmee Drive within Plano’s Heritage Creekside mixed-use development. The four-story mid-rise is comprised of studios, one-, two- and three-bedroom units and amenities such as a resort-style pool, multiple lounge areas, a club lounge and card room, a fitness center with individual workout pods, coworking areas within a library setting, a dog park and courtyards. The 156-acre Heritage Creek was also developed and is owned by …

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Grandstone-at-Sunrise-Peoria
ArizonaInvestment SalesNewsWestern

Thompson Thrift Sells Metro Phoenix BTR Development for $45.9M

by Lynn Peisner

PEORIA, ARIZ. — Marcus & Millichap has arranged the $45.9 million sale of Grandstone at Sunrise, a 140-unit build-to-rent community in the northwest Phoenix suburb of Peoria. Terre Haute, Indiana-based Thompson Thrift was the seller, having developed the property in 2021. The Phoenix Business Journal reports the buyer to be MetLife Investment Management. The sales price equates to $327,500 per unit. Steve Gebing and Cliff David with Institutional Property Advisors, a division of Marcus & Millichap, represented Thompson Thrift in the transaction. Grandstone at Sunrise is comprised of 70 residential …

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200-w-ocean-Long-Beach
CaliforniaFinanceNewsWestern

JLL Arranges $46.3M Refinancing for Luxury Asset in Long Beach, California

by Lynn Peisner

LONG BEACH, CALIF. — JLL has arranged a $46.3 million refinancing for 200 W. Ocean, a 106-unit community in downtown Long Beach. The name of the sponsor was not disclosed. The property is an adaptive reuse of a former Class-B office building that was redeveloped into a multifamily property atop a three-story subterranean garage. The property, delivered in August 2022, features an amenity deck with a pool and fireplaces, a fitness center and smart-entry features. JLL Capital Market’s Debt Advisory team representing the borrower was led by Jeff Sause, Jacob …

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Berkshire-Crossing-Hanford
CaliforniaFinanceNewsWestern

Dwight Capital Provides $23M HUD Loan to Refinance Berkshire Crossing in Hanford, California

by Lynn Peisner

HANFORD, CALIF. — Dwight Capital has provided a $23 million HUD refinancing loan for borrowers Fresno Supreme Inc. and Santa Lucia Ventures, owners of Berkshire Crossing, a 92-unit community completed in 2022. Located in Hanford, approximately 33 miles south of Fresno, California, Berkshire Crossing features one-, two- and three-bedroom units and such amenities as a pool, hot tub, fitness center, package lockers and a clubhouse. Dwight Capital’s Keith Hoffman and Aaron Kirshtein led the transaction.

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Cedar-Hills-Beaverton
DevelopmentNewsOregonWestern

High Street Residential Breaks Ground on Mixed-Use Transit-Oriented Development in Beaverton, Oregon

by Lynn Peisner

BEAVERTON, ORE. — High Street Residential, a subsidiary of Trammell Crow Co., has broken ground on a 369-unit mixed-use, transit-oriented apartment community at the former Cedar Hills Shopping Center in Beaverton, located approximately nine miles west of Portland, Oregon. Joint venture partners include SCOA Real Estate Partners and Lease Crutcher Lewis. Located on a 5.8‑acre site between Southwest Wilshire Street and Park Way, the project will replace a portion of the Cedar Hills Shopping Center, which closed earlier this year, and its surface parking with a high‑density, transit‑connected development. The …

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Modera-Chandler
ArizonaDevelopmentNewsOperationsWestern

Mill Creek Residential Pre-Leasing at Modera Chandler

by Lynn Peisner

CHANDLER, ARIZ. — Mill Creek Residential has begun pre-leasing at Modera Chandler, a 345-unit property in Chandler that Mill Creek began developing in July 2024. Modera Chandler is comprised of one-, two- and three-bedroom homes, some with dens. Amenities include a resort-style pool with cabanas, a hot tub and sauna, grilling area, fire pit, outdoor dining, a clubroom with gathering space, landscaped courtyards, coworking space with private pods, a conference room, resident lounge with library, pet park, playground and a two-story fitness center. The community also features 24-hour digital self-serve …

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