News

JLL Arranges $26M in Construction Financing for Buffalo Mixed-Use Project

by Lynn Peisner April 9, 2026

BUFFALO, N.Y. — JLL has arranged approximately $26 million in construction financing for Heritage Point, a mixed-use development in Buffalo that includes 61 apartments. The capital stack consists of a $14.8 million construction loan from lender X-Caliber and $11.2 million in Commercial Property Assessed Clean Energy (C-PACE) financing from CastleGreen Finance. Locally based Sinatra & Co. is the developer and will pursue LEED certification. Located at 120 Main St., Heritage Point will include two six-story properties. Completion is slated for the third quarter of 2027. The JLL Capital Markets team …

April 9, 2026

Development News Texas

High Street Residential, Tokyu Land Corp. Begin 281-Unit Project in Downtown Richardson, Texas

by Lynn Peisner April 9, 2026

RICHARDSON, TEXAS — High Street Residential, a division of Trammell Crow Co., and Tokyo-based Tokyu Land Corp. have broken ground on a 281-unit property located at 110 E. Polk St. in Richardson. The City of Richardson provided an undisclosed sum of tax-increment financing. Completion is slated for the fourth quarter of 2027. Situated on a 3-acre site, the community will replace two existing buildings and a surface parking lot. Units will be built in studio through two-bedroom layouts, and amenities will include a clubroom, coworking areas, resort-style pool, grilling stations, …

April 9, 2026

Development Leasing & Marketing New York News Northeast Operations

The Moinian Group Begins Leasing at Manhattan’s ARIA 7 Platt

by Lynn Peisner April 9, 2026

NEW YORK CITY — The Moinian Group has begun leasing at ARIA 7 Platt, a 38-story luxury apartment tower in Manhattan’s Financial District. Construction was led by AECOM Tishman, Hill West was the architect, and Rockwell Group provided interior design services. The 250,000-square-foot, 38-story glass-clad tower features 250 units in a mix of studio, one- and two-bedroom layouts and penthouse residences with a dedicated lounge area. Amenities include a fitness center, library, work areas, lounges, private dining spaces with outdoor terrace access, a gaming area, laundry facilities and a communal …

April 9, 2026

Architecture & Design Development News Texas

BKV Group, Weston Urban Complete The Continental Residences in San Antonio

by Lynn Peisner April 9, 2026

SAN ANTONIO — Architect BKV Group and developer Weston Urban have completed The Continental Residences in San Antonio. The 16-story building features studio, one- and two-bedroom apartments, including a selection of two-story townhomes. A sixth-floor amenity suite is home to a clubroom, coworking space, an indoor-outdoor fitness center and an outdoor pool deck with lounge areas as well as an outdoor kitchen. A lounge is located on the 16th floor with views of San Antonio. The 290-unit high-rise is adjacent to The Continental Hotel, a structure built in 1896, approximately, …

April 9, 2026

Investment Sales News Texas

JLL Arranges Sale of Forty649 in El Paso

by Lynn Peisner April 8, 2026

EL PASO, TEXAS — Hamilton Point Investments has sold Forty649 North Hills in El Paso. JLL represented Hamilton Point, and the buyer’s identity was not disclosed. The asset, located at 4649 Loma Del Sur Drive, was 93.3 percent occupied when the deal closed. JLL’s team was led by Steven Hahn Jr., Art Barnes and William Jennings. The 345-unit Forty649 North Hills, developed in 2009, is comprised of 42 two-story buildings. Amenities include a resort-style pool, fitness center, clubhouse, dog park and covered parking.

April 8, 2026

Affordable Housing Development News Northeast Washington, D.C.

The NRP Group Begins Construction of Mixed-Income Development in Washington, D.C.

by Lynn Peisner April 8, 2026

WASHINGTON, D.C. — The NRP Group has begun construction of The Waymark in Washington, D.C.’s Ward 7 neighborhood, located on the east side of the District. The 109 one-, two- and three-bedroom apartments are income restricted at 30, 50 and 80 percent of area median income and include 22 units set aside as permanent supportive housing for individuals at risk of homelessness or who were previously unhoused. The property will include a fitness center and multi-purpose spaces. Development partner Marshall Heights Community Development Organization (MHCDO) will provide financial-literacy, career and …

April 8, 2026

Development News Washington Western

Mill Creek Residential Begins Construction of Modera Woodmont Beach in Metro Seattle

by Lynn Peisner April 8, 2026

DES MOINES, WASH. — Mill Creek Residential has begun construction of Modera Woodmont Beach in Des Moines, 20 miles south of downtown Seattle. Modera Woodmont Beach will include 280 apartments and 7,500 square feet of retail space. Resident move-ins are estimated to begin in summer 2027. The community will be built to National Green Building Standard (NGBS) certification, which awards points for features such as energy and water efficiency and indoor air quality. Units will be comprised of one-, two- and three-bedroom floor plans, and amenities will include a resort-style …

April 8, 2026

Development Leasing & Marketing News Texas

Initial Units Open at Woodfield Development’s Strait & Nelson in San Marcos, Texas

by Lynn Peisner April 8, 2026

SAN MARCOS, TEXAS — Woodfield Development has completed initial units, and residents have begun moving into, Strait & Nelson, a 360-unit community in San Marcos. Construction is slated to be fully complete by this summer. The project team included architect Dwell Design Studio, ChalkLine General Contractor and Thrive Interior Design. Strait & Nelson consists of one-, two- and three-bedroom units and a clubroom with an entertainment kitchen and beer taps, a coworking lounge with private offices and conference rooms and a resort-style pool complemented by a courtyard and outdoor gathering …

April 8, 2026

Finance News Texas

Knightvest Capital Obtains $81M Refinancing for Houston Property

by Lynn Peisner April 7, 2026

HOUSTON — Mesa West Capital has provided an $81 million loan to Knightvest Capital to refinance Domain Memorial, a 313-unit rental townhome community 17 miles west of Houston in the metro area’s Briar Forest/West Memorial submarket. During its ownership, Dallas-based Knightvest has renovated a majority of Domain Memorial’s units and has completed improvements to the parking lot, clubhouse, pool area, fitness center, lighting and landscaping and also has installed a new electric vehicle charging station. Knightvest will use a portion of the proceeds from the five-year, floating-rate loan to complete …

April 7, 2026

Illinois Investment Sales Midwest News

Eastham Capital, Bender Cos. Buy Park Towers Apartments in Richton Park, Illinois, for $30.4M

by Lynn Peisner April 7, 2026

RICHTON PARK, ILL. — Eastham Capital and Bender Cos. have acquired Park Towers Apartment Homes in Richton Park, 35 miles south of Chicago. This $30.4 million purchase marks Eastham’s third Chicagoland acquisition with Bender since the start of 2026. The co-investors also bought The Element in Mount Prospect and The Flats at Gladstone in Glendale Heights. The companies have, in total, acquired 13 properties through Fund VII. Park Towers, built in 1974, consists of 270 one- and two-bedroom units and such amenities as a fitness center, business center, on-site laundry …

April 7, 2026

Newer Posts

Older Posts