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Tributary-Raleigh
DevelopmentNewsNorth CarolinaSoutheast

Kane Realty Breaks Ground on Tributary Apartments in Raleigh, Announces 28-Acre Expansion and Next Phase of North Hills Innovation District

by Lynn Peisner

RALEIGH, N.C. — Locally based Kane Realty Corp. (KRC) has broken ground on Tributary, a 332-unit community within the North Hills Innovation District (NHID) in Raleigh. Tributary, designed by the Washington, D.C.-based architectural firm of Hickok Cole, will include 6,000 square feet of ground-floor retail, two courtyards, a digital content creation studio and a wellness center. The general contractor is John Moriarty & Associates. Completion is slated for spring 2028. NHID is a walkable, mixed-use destination situated around a tributary of Big Branch Creek and preserved wetlands. KRC also announced …

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Vivian-Charlotte
DevelopmentNewsNorth CarolinaOperationsSoutheast

Move-Ins Begin at Charlotte’s Queensbridge Collective Luxury High-Rise

by Lynn Peisner

CHARLOTTE, N.C. — First move-ins are underway at VIVIAN, a 42-story building developed by Riverside Investment & Development and Woodfield Development. The skyline-changing project is comprised of 409 studios, one-, two- and three-bedroom units. The architect was Goettsch Partners. Interior design was led by Shelton Taylor Associates, with construction completed by Clark Construction Group. Amenities are distributed across multiple levels of the building, including a ninth-floor fitness center with indoor and outdoor components, a 10th-floor resident lounge featuring bowling and virtual golf, and a 42nd-floor rooftop pool deck with grilling …

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Allure-Suitland
FinanceInvestment SalesMarylandNewsNortheast

Colliers Arranges $232.7M in Financing for Maryland Acquisition

by Lynn Peisner

LARGO AND SUITLAND, MD. — Colliers’ Debt & Structured Finance has arranged $232.7 million in acquisition financing for a three-property, 1,225-unit portfolio located in Prince George’s County, Maryland. The portfolio, which was acquired by 29th Street Capital and Willton Investment Management, consists of Allure Apollo, Aspire Apollo and Ascend Apollo. The transaction involved the reassignment of existing tax increment financing (TIF) agreements associated with the Allure and Aspire properties, which are adjacent communities in Suitland.  Ascend is in Largo, about 10 miles southwest.

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Independence-Place-Prince-George
Investment SalesNewsSoutheastVirginia

Northmarq Arranges $39M Sale of 230-Unit Property in Prince George, Virginia

by Lynn Peisner

PRINCE GEORGE, VA. — Aspen Oak Capital Partners has acquired Independence Place Apartments in Prince George for $39 million. Northmarq’s Charlotte, North Carolina-based investment sales team led by Ron Corrao, Eric Liebich, Scott Fuller, Dane Lozier, Matthew Weinstein and Dominic Bologna represented the undisclosed seller. The property, built in 2011, is situated on approximately 14 acres and includes 11 three-story garden-style buildings and an additional building that houses the clubhouse and leasing office. Independence Place’s amenity package consists of a 24-hour fitness center, resort-style pool, game room, sand volleyball and …

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Lantower-Sunrise-Kissimmee
Company NewsNewsOperationsSouth CarolinaSoutheast

Greystar Takes Over 7,895-Unit Portfolio

by Lynn Peisner

CHARLESTON, S.C. — Lantower Residential, a Dallas-based operator and subsidiary of H&R REIT, is exiting the property management business. Greystar will take over management of Lantower’s approximately 7,895 units. The phased transition began Feb. 17. Greystar will assume management responsibilities for 23 multifamily communities, including two properties under development. As part of the transition, many of Lantower’s onsite and property leadership teams will join Greystar. H&R REIT is based in Toronto with a U.S. and Canadian portfolio comprised of residential, industrial and office properties totaling approximately 21.2 million square feet.

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259-East-Broadway-New-York
Investment SalesNew YorkNewsNortheast

Lower East Side Mixed-Use Building Trades for $7.8M

by Lynn Peisner

NEW YORK CITY — R.A. Cohen has sold a 16-unit mixed-use building at 259 East Broadway in Manhattan’s Lower East Side for approximately $7.8 million. Marcus & Millichap’s Joe Koicim, Logan Markley and Matt Berger represented the seller and procured the buyer, an unnamed private out-of-state investor. The 12,076-square-foot building includes ground-floor retail leased to Ernesto’s, a Basque restaurant, through April 2028. The two-bedroom apartments are a mix of free-market and rent-stabilized units. The building was developed in 1900.

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Westpark-Philadelphia
Affordable HousingDevelopmentNewsNortheastPennsylvania

Public-Private Partners Begin $500M Philadelphia Public Housing Redevelopment

by Lynn Peisner

PHILADELPHIA — The Philadelphia Housing Authority (PHA) and partners LMXD and MSquared broke ground March 2 on the first phase of the Westpark Apartments redevelopment in West Philadelphia. The project as a whole covers 12 acres and will consist of upgrading existing structures as well as building new homes. The site is home to public-housing high-rises and was developed in the early 1960s. The project cost for Phase I, accounting for 327 new units, is approximately $205 million, according to the Philadelphia Tribune. WHYY reports the total project cost to …

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Lineage-Dacula
DevelopmentGeorgiaNewsSoutheast

Thompson Thrift to Develop 300-Unit Lineage in Atlanta Suburb

by Lynn Peisner

DACULA, GA. — Thompson Thrift has unveiled plans for Lineage, a 300-unit community situated on 15 acres about 30 miles northeast of Atlanta. Lineage marks the Terre Haute, Indiana-based developer’s 100th multifamily project. Completion is slated for April 2028. PNC Bank is the construction lender. Amenities complementing the one-, two- and three-bedroom units include a dedicated event space available for private rental, a golf simulator, fitness center, resort-style heated pool, a pickleball court, coworking and conference spaces, a pet spa and dog park.

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Sutton-Flats-Sherman
Affordable HousingDevelopmentLeasing & MarketingNewsOperationsTexas

The NRP Group Opens 300-Unit Mixed-Income Property North of Dallas

by Lynn Peisner

SHERMAN, TEXAS — The NRP Group and Texahoma Housing Partners have opened and begun leasing Sutton Flats, a 300-unit mixed-income community in Sherman, 65 miles northeast of Dallas. Half of the units are reserved for households earning no more than 80 percent of area median income. Monthly asking rents across the community range from $1,132 to 1,540. Amenities include a fitness center, coworking spaces with conference rooms, a game room, clubhouse and lounge, resort-style pool and a dog park. Sutton Flats residents also may rent garage parking spaces. The NRP …

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Adam-Smolyar-American-Landmark-Apartments
Company NewsFloridaNewsPeople NewsSoutheast

American Landmark Apartments Hires Adam Smolyar as CTO

by Lynn Peisner

TAMPA, FLA. — Tampa-based owner-operator American Landmark Apartments has hired Adam Smolyar as chief technology officer. In his role, Smolyar will oversee core systems, data architecture, cybersecurity, data analytics and resident-facing platforms. He is responsible for ensuring the firm’s platforms are scalable and reliable and will partner with American Landmark’s executive leadership team to streamline technology solutions and financial systems. In Smolyar’s recent experience, he served as director of innovation initiatives and tech investments at UDR. Prior to that, he was chief marketing and technology officer at the Urban Land …

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