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Casa-Princeton-Homestead
BerkadiaDevelopmentFinanceFloridaNewsSoutheast

Berkadia Arranges $35M Construction Loan for Third Phase of Metro Miami’s Casa Princeton

by Lynn Peisner

HOMESTEAD, FLA. — Berkadia has arranged a $35 million construction loan for the third phase of development of Casa Princeton, a 162-unit, eight-story community in the South Miami-Dade County neighborhood of Princeton. The project marks the final phase of the Casa Princeton master-planned community, which encompasses 374 units. Completion of Phase III is slated for early 2028. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia Miami arranged the financing on behalf of the developer, Aconcagua Group. S3 Capital was the lender. Located at 12867 SW 248th St., …

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The-Katy-Denison
DevelopmentNewsTexas

2GR Equity Breaks Ground on The Katy at Waterloo Trails in Denison, Texas

by Lynn Peisner

DENISON, TEXAS — 2GR Equity has partnered with Preston Forrest Capital and Cross Development to build a 236-unit multifamily development in Denison, 75 miles north of Dallas. Located at the southeast corner of U.S. Highway 75 and W. Crawford Street, The Katy at Waterloo Trails will be part of Waterloo Trails, a 30-acre, master-planned, mixed-use development that, upon buildout, will include retail, restaurants, hotels and approximately 2.3 miles of hiking and biking trails. Preston Forrest Capital is the master developer of the larger project, with completion slated roughly for 2031. Construction …

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Springs-Oswego
IllinoisInvestment SalesMidwestNews

JVM Acquires 280-Unit Community in Oswego, Illinois

by Lynn Peisner

OSWEGO, Ill. — JVM Realty Corp. has acquired Springs at Oswego, a 280-unit luxury community in Oswego, 48 miles west of Chicago. The asset was purchased from Continental Properties and brokered by Cushman & Wakefield. JVM Realty has rebranded the property from Springs at Oswego to Trillium at Oswego. The purchase price was not disclosed. Located at 801 Fifth Street, the gated community was completed in 2019 and features townhome-style design across two-story residential buildings. The property offers studio, one-, two- and three-bedroom floor plans. Amenities include a heated pool, …

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Elara-Astoria
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Domain Secures $175.6M for Mixed-Income Development in Queens

by Lynn Peisner

NEW YORK CITY — The Domain Cos. has obtained a $175.6 million loan through Wells Fargo for a mixed-income development in Astoria, Queens, called Elara. Domain’s equity partners on the deal are Canyon Partners Real Estate and BLDG Management. The financing was arranged by Chris Peck and Nicco Lupo of JLL. The 429-unit project includes an 18-story building with 330 apartments called Elara East and a 12-story building with 99 apartments named Elara West. Twenty-five percent of the units will be affordable. Income caps were not disclosed. Completion of Elara …

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The-Pearl-Charlotte
DevelopmentFinanceNewsNorth CarolinaSoutheast

GMH-led JV Secures $114.2M Construction Loan for Charlotte High-Rise

by Lynn Peisner

CHARLOTTE, N.C. — JLL has arranged a $114.2 million construction loan for ANOVA The Pearl, a 20-story, 382-unit unit high-rise under construction in Charlotte. GMH Communities, AEW Capital Management and Wexford Science & Technology broke ground in spring of this year. Completion is slated for 2028. The lender was Santander Bank. ANOVA The Pearl will feature studio, one-, two- and three-bedroom units complemented by 6,621 square feet of ground-floor retail, a fitness center, resort-style pool, rooftop lounge, golf simulator and coworking space. The development is located within The Pearl, a …

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Riverwood-Mauston
Investment SalesMidwestNewsWisconsin

Tripp & Associates Acquires Riverwood Apartments in Wisconsin for $4M

by Lynn Peisner

MAUSTON, WIS. — CBRE has arranged the sale of Riverwood Apartments, a 32-unit community in Mauston, 74 miles northwest of Madison, Wisconsin. Tripp & Associates was the buyer, and the seller was an entity doing business as Riverwood Apartments LLC. The sales price was approximately $4 million. CBRE’s team representing the seller was led by Sean Beuche, Max Colby, Matson Holbrook and Gretchen Richards. Riverwood, built in 1994, is comprised of four two-story buildings on approximately 3.2 acres along the Lemonweir River. Units are offered in one-, two- and three-bedroom …

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Park-Hill-Kerrville
Investment SalesNewsTexas

Marcus & Millichap Brokers Sale in Kerrville, Texas

by Lynn Peisner

KERRVILLE, TEXAS — Marcus & Millichap has brokered the sale of Park Hill, a 49-unit property in Kerrville. The buyer, seller and sales price were not disclosed. Ben Kalter, Will Balthrope and Drew Garza, based in Marcus & Millichap’s San Antonio office, marketed the property on behalf of the seller, a local investor, and procured the Boerne, Texas-based buyer. Park Hill is located at 815 Ranchero Road and was built in 1977. The buyer is planning to renovate the property.

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Hathaway-Plano
Investment SalesNewsTexas

Granite Towers Equity Group Acquires Hathaway at Willow Bend in Plano, Texas

by Lynn Peisner

PLANO, TEXAS — Newmark has arranged the sale and financing of Hathaway at Willow Bend, a 229-unit community located at 2525 Preston Road in Plano. Richard Furr, Brian O’Boyle Jr., Brian Murphy and Jack Forman represented the seller, S2 Capital Acquisitions, in the transaction. Brian Kochan and Michael Caglianone arranged an undisclosed amount of acquisition financing on behalf of the buyer, Granite Towers Equity Group. Located along Preston Road in West Plano, Hathaway at Willow Bend is a garden-style community offering one-, two- and three-bedroom units, including some townhome floor …

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2-South-Main-Port-Chester
DevelopmentFinanceNew YorkNewsNortheast

Developers Secure $147.5M for 12-Story Development in Port Chester, N.Y.

by Lynn Peisner

PORT CHESTER, N.Y. — Walker & Dunlop has arranged $147.5 million in debt and equity for the construction of 2 South Main, a 12-story, 322-unit property with 5,000 square feet of retail in Port Chester. Hyperion Group and AIP are the developers, and LRC Construction is the general contractor. Winter Properties also is a partner in the project. Construction will begin in the fourth quarter of 2026. A completion date was not disclosed. Walker & Dunlop’s Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin and Dawson Jessee arranged the equity …

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Forge-Lenox
Affordable HousingDevelopmentMassachusettsNewsNortheast

Pennrose Opens Mixed-Income Property in the Berkshires

by Lynn Peisner

LENOX, MASS. — Pennrose has completed and opened Forge, a mixed-income community in Lenox. The 65-unit Forge includes 13 townhome-style buildings offering one-, two- and three-bedroom units, 50 of which are reserved for households earning 30 to 60 percent of area median income (AMI). Nine homes are reserved for tenants who qualify for Massachusetts Rental Voucher Program (MRVP) assistance, a state-funded rental subsidy. Fifteen units are designated as workforce housing, for households earning up to 120 percent of AMI. Funding came from a variety of public and private sources. Pennrose …

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