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Centreport-Lake-Fort-Worth
FinanceInvestment SalesNewsTexas

Newmark Arranges Sale of Centreport Lake in Fort Worth

by Lynn Peisner

FORT WORTH, TEXAS — Newmark has arranged the sale, acquisition financing and equity capitalization of Centreport Lake, a 452-unit community in Fort Worth’s CentrePort neighborhood. Richard Furr, Brian Murphy and Brian O’Boyle Jr. represented the seller, Marlin Spring US Realty, in the transaction. Henry Stimler and Ricky Warner arranged acquisition financing and equity capitalization on behalf of the buyer, whose identity was not disclosed. Located at 14301 Center Station Drive, Centreport Lake was constructed in 2008 on a 24-acre site. At the time of sale, the community was 91 percent occupied.

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Affordable HousingDevelopmentMassachusettsNewsNortheast

TCB Opens Province Post, Bringing 65 Affordable Units to Provincetown, Massachusetts  

by Lynn Peisner

PROVINCETOWN, MASS. — The Community Builders (TCB) and the Town of Provincetown have opened Province Post, a 65-unit mixed-income community intended to serve the year-round workforce and residents of the Cape Cod resort town. Units are reserved for renters earning from 80 to 30 percent of area median income. Amenities include shared patios, a laundry room, seating areas, bike racks and direct access to a bike path. A variety of sources provided funding, including the Town of Provincetown, MassHousing, the Executive Office of Housing and Livable Communities, Community Economic Development …

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Kalaco-Denver
ColoradoFinanceNewsWestern

JLL Arranges $67M Refinancing for Kalaco in Denver

by Lynn Peisner

DENVER — Opus Development and Ares Real Estate have secured a $67 million refinancing loan for Kalaco, a 280-unit mid-rise community in Denver. Kalaco was completed in 2024. The construction take-out loan was arranged by JLL’s Kristian Lichtenfels, Eric Tupler and Ellie Savage. The six-story building is comprised of studio, one-, two- and three-bedroom units and amenities such as a 233-space parking garage, resort-style deck with a pool and hot tub, fire pits and grilling stations, courtyard with lawn games, pet spa, outdoor dog run, a two-level fitness center with …

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The-Seven-at-West-Boca-Raton
FinanceFloridaNewsSoutheast

Grand Peaks Secures Refinancing for The Seven at West Boca

by Lynn Peisner

BOCA RATON, FLA. — Newmark has arranged a refinancing loan on behalf of Grand Peaks for The Seven at West Boca. Denver-based Grand Peaks acquired the 448-unit community in 2024. PGIM was the lender, with Danny Matz, Roberto Salcedo, Matthew Williams and Robert Wright heading up Newmark’s team. The Seven at West Boca is situated on a 37-acre site and was constructed in 1988. The property includes six two- and three-story residential buildings, a clubhouse and a maintenance building. Amenities include two pools, a fitness center, barbecue areas, tennis courts …

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The-Alan-Muncie
Affordable HousingDevelopmentIndianaMidwestNews

Affordable Housing Redevelopment The Alan Opens in Muncie, Indiana

by Lynn Peisner

MUNCIE, IND. — Indianapolis-based developer TWG has opened The Alan, a 120-unit affordable housing community in Muncie. Denver-based STUDIO Architecture designed the property. Located at 2430 W. Kilgore Ave. along the White River, The Alan is a redevelopment of the former Endzone Bar & Grill site. Units are reserved for tenants earning up to 50 to 60 percent of the area median income. The community includes a mix of one-, two- and three-bedroom units. The Alan includes a leasing office, fitness room, community room, bike storage, playground, dog park, garden …

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Livewell-Bluffton
Affordable HousingDevelopmentNewsSouth CarolinaSoutheast

Woda Cooper and Partners Break Ground on $39M Livewell Terrace in Bluffton, South Carolina

by Lynn Peisner

BLUFFTON, S.C. — Beaufort Memorial and Woda Cooper Cos. have begun construction of Livewell Terrace, a 120-unit affordable housing community in Bluffton, 23 miles northeast of Savannah, Georgia. The project consists of a mix of one-, two- and three-bedroom units rented at monthly rates ranging from $700 to $1,725. Amenities will include a business center, fitness facility, playground and community park. Livewell Terrace is being constructed on 7 acres of land provided by Beaufort Memorial, a nonprofit hospital system. The community is intended to serve healthcare workers. The $39 million …

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196-Bowery-NYC
Investment SalesNew YorkNewsNortheast

Javeri Capital Buys Manhattan Mixed-Use Property for $11.4M

by Lynn Peisner

NEW YORK CITY — Bowery Square Corp. has sold 196 Bowery, a mixed-use property in Manhattan’s NoLita neighborhood, to Javery Capital for $11.4 million. The eight-story, 13,000-square-foot building sits on about half an acre between Spring and Prince streets and includes ground-floor retail occupied by Genyth Tattoo with seven apartments, all with private terraces, above. Matt Fotis, Colton Traynham and Michael Weinstein of Marcus & Millichap represented the seller and procured the buyer, both headquartered in New York City.

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Affordable HousingDevelopmentFinanceNewsNortheast

PNC Bank Closes $251.4M Fund to Support 16 Affordable Housing Projects

by Lynn Peisner

PITTSBURGH — PNC Bank has closed the Low-Income Housing Tax Credit (LIHTC) Fund 104, a $251.4 million fund focused on the development and preservation of affordable rental housing across the United States. The fund includes investments from nine financial services and insurance companies, as well as PNC. Fund 104 is expected to support 16 multifamily properties nationwide, providing over 1,700 affordable units for families and seniors. The portfolio includes a mix of new construction and rehabilitation developments in Arizona, California, Kentucky, Minnesota, New Mexico, Nevada, North Carolina, Tennessee, Texas, Virginia and …

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Dan-Sacks-CFG
Company NewsFinanceNewsPeople News

CFG Bank Launches CFG Mortgage Partners, Appoints Dan Sacks to Lead New Initiative

by Lynn Peisner

BALTIMORE — CFG Bank, servicing the nationwide healthcare and multifamily financing industries as well as the Mid-Atlantic commercial banking market, has launched CFG Mortgage Partners, a group dedicated to customized multifamily debt products. CFG Mortgage Partners will focus on providing capital solutions to meet the needs of multifamily owners, developers and investors across the country. The new business will expand on CFG’s real estate and corporate banking options, including agency, HUD and Commercial Mortgage-Backed Securities (CMBS) lending services. CFG has appointed Dan Sacks managing partner of CFG Mortgage Partners. Based …

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Carrena-Buford
DevelopmentGeorgiaNewsSoutheast

Vida Cos. to Build Carrena in Buford, Georgia

by Lynn Peisner

BUFORD, GA. — Vida Cos. has closed on financing for the construction of Carrena, a ground-up development in in the northern Atlanta suburb of Buford. The 289-unit Carrena is the first of three planned projects supported by capital from the $47 million, still-open Vida Opportunities Fund. Carrena will be comprised of four-story buildings served by elevators and such amenities as a saltwater pool, fitness center with yoga facilities, piano lounge, rooftop deck and lounge and a nature trail. The community will include one-, two- and three-bedroom floor plans. The design …

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