News

GoodHomes Acquires Metro D.C. Hotel, Plans Multifamily Conversion

by Lynn Peisner July 9, 2026

ARLINGTON, VA. — GoodHomes Communities has acquired Arlington Court Suites in Alexandria for $35 million and plans to convert the 187-unit hotel into a 180-unit multifamily community. The KLNB multifamily capital markets team led by Rawles Wilcox, Justin Shay and Dutch Seitz and the HREC Investment Advisors team of Mark Morris and Scott Stephens represented the seller, Arlington Hotel Holdings Inc. GoodHomes is a New York City-based investor that acquires under-performing hospitality and seniors housing assets and redevelops them as workforce housing serving residents earning between 60 and 120 percent …

July 9, 2026

Finance News Texas

Cambridge Development Group Refinances Citadel Urban in San Antonio

by Lynn Peisner July 9, 2026

SAN ANTONIO — CBRE has arranged a refinancing loan on behalf of Cambridge Development Group, the Houston-based owner of Citadel Urban in San Antonio. The 181-unit community is located in the Westover Hills submarket and was completed in 2024. Loan proceeds will be used to retire existing construction financing. Citadel Urban consists of two three-story buildings containing one- two- and three-bedroom units on 5.5 acres. CBRE’s John Fenoglio and Brock Hudson arranged the loan.

July 9, 2026

Development News South Carolina Southeast

Woodfield Development Breaks Ground on Westbourne Ashley Landing in Charleston

by Lynn Peisner July 9, 2026

CHARLESTON, S.C. — Woodfield Development has acquired a portion of the 31-acre Ashley Landing redevelopment site for the construction of Westbourne Ashley Landing. The 285-unit community will serve as the multifamily component of the $348 million redevelopment of the former Ashley Landing enclosed mall. Once EDEN’s multi-phase redevelopment is complete, the site will feature approximately 240,000 square feet of retail, restaurant and commercial space anchored by Publix along with residential neighborhoods, public gathering areas and approximately 1 acre of central green space. Construction financing for Westbourne was provided by TD Bank …

July 9, 2026

Investment Sales News Washington Western

Goodman Real Estate Sells Two Metro Seattle Assets for $172M

by Lynn Peisner July 8, 2026

SEATTLE — Goodman Real Estate has sold two metro Seattle properties for a combined total of $172 million. CBRE’s Eli Hanacek, Kyle Yamamoto and Natalie Kasper represented the Seattle-based seller in both transactions. Each property was developed in 2024 and sold to undisclosed buyers. CRU at Willows 124 in Redmond traded for $94 million. The 195-unit, six-story building sits on 1.6 acres within a master-planned community adjacent to Willows Run Golf Club. It includes 22,998 square feet of fully leased commercial space across three suites. The property features a mix …

July 8, 2026

Investment Sales News Texas

Haven Housing Acquires Wells Park in Greater Austin Area

by Lynn Peisner July 8, 2026

PFLUGERVILLE, TEXAS — Haven Housing has acquired Wells Park Apartments, a 264-unit garden-style community in the Austin suburb of Pflugerville. The seller and sales price were not disclosed. Haven Housing is the affordable and multifamily housing division of Los Angeles-based BH Properties, which launched in 2025. Walker & Dunlop’s Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass represented Haven in the deal. Located at 15001 Strathaven Pass and built in 2018, Wells Park is comprised of one-, two- and three-bedroom units as well as a resort-style pool, fitness center …

July 8, 2026

Landings-at-Pembroke-Lakes-Pembroke-Pines

Florida Investment Sales News Southeast

Waterton Buys Landings at Pembroke Lakes in South Florida for $80.5M

by Lynn Peisner July 8, 2026

PEMBROKE PINES, FLA. — Chicago-based Waterton has acquired The Landings at Pembroke Lakes, a 358-unit property in Pembroke Pines, 20 miles southwest of Fort Lauderdale. The South Florida Business Journal reports that Coral Gables, Florida-based Bar Invest Group sold the asset for approximately $80.5 million. The 27-acre community is built around a 45-acre lake and features green spaces, outdoor amenities and lakefront beaches. The Landings at Pembroke Lake was developed in 1989 and includes one- and two-bedroom units with screened-in patios or balconies. Waterton is planning to upgrade unit appliances, …

July 8, 2026

Investment Sales News Washington Western

Kite Partners Buys The Q in Seattle for $24.1M

by Lynn Peisner July 8, 2026

SEATTLE — CBRE has arranged the sale of The Q, an 87-unit community at 1321 Queen Anne Ave. N. in Seattle’s Queen Anne neighborhood. Kite Partners bought the asset from Acme Realty for $24.1 million. CBRE’s Mark Zoffel, Peter Wright, Reed Hunter and Spencer Clark represented Acme in the transaction. James Bach and Nick DaValle of CBRE’s debt and structured finance team arranged the loan assumption. The Q features studio, one and two-bedroom units and includes a rooftop deck, a fitness center and pet amenities. The building is about 1 …

July 8, 2026

Finance New York News Northeast

JLL Arranges $44.5M ReFi Following Benchmark’s East Village Renovation

by Lynn Peisner July 7, 2026

NEW YORK CITY — JLL has arranged a $44.5 million refinancing loan for locally based Benchmark Realty Group’s 61-unit property at 194 East 2nd St. in Manhattan’s East Village. Citi was the lender, while Michael Zaremski, John Flynn and Clayton Ross headed up JLL’s team. Located at the corner of East 2nd Street and Avenue B, the six-story property includes 15,450 square feet of ground-floor retail space, 10,000 of which is anchored by Duane Reade under a long-term lease. Benchmark acquired the property in 2024 and has since completed a …

July 7, 2026

Development News Northeast Virginia Washington, D.C.

Gilbane Starts Construction of Office-to-Residential Project in Metro D.C.

by Lynn Peisner July 7, 2026

ARLINGTON, VA. — Gilbane Development has begun construction of Renley, an office-to-residential conversion at 3601 Wilson Blvd. in Arlington’s Virginia Square neighborhood. Gilbane acquired the building, developed in 2000, in March 2025. The community will include 94 market-rate units in one-, two- or three-bedroom floor plans. Renley represents one of the first projects to take advantage of Arlington County’s updated adaptive reuse policy, adopted in November 2024, which lowered costs and removed regulatory hurdles for developers. The redevelopment plan will preserve the building’s exterior façade. Inside, amenities will include tenant storage …

July 7, 2026

Build-to-Rent Development Leasing & Marketing News Operations Southeast Tennessee

ARK Homes for Rent Begins Pre-Leasing at Knoxville BTR Project

by Lynn Peisner July 7, 2026

KNOXVILLE, TENN. — ARK Homes for Rent has begun pre-leasing at The Reserve at Three Ridges in Northeast Knoxville. The 126-unit community is comprised of two-story townhomes in three- and four-bedroom floor plans with attached garages, open layouts, granite countertops and stainless steel appliances in kitchens, smart home features and walk-in closets. Amenities include a clubhouse, pool, playground and pet park. A construction completion date was not disclosed.

July 7, 2026

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