News

Marcus & Millichap Brokers $6.3M Russian Hill Portfolio Sale in San Francisco

by Lynn Peisner October 5, 2026

SAN FRANCISCO — Marcus & Millichap has arranged the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. The properties sold for a combined $6.3 million after approximately 50 years under the same family ownership. Philip Batlin, Clinton Textor, Sam Runco and Jordan Tong, investment specialists in Marcus & Millichap’s San Francisco office, marketed the properties on behalf of the seller and procured the buyer, locally based Ballast. Built in 1925, the 9,123-square-foot property at 1159-1169 Union St. consists of six two-bedroom, …

October 5, 2026

Alabama Development News Southeast

McShane, Continental Break Ground on 252-Unit Alabama Development

by Lynn Peisner October 5, 2026

OPELIKA, ALA. — McShane Construction Co. and developer Continental Properties have broken ground on Springs at Opelika, a 252-unit garden-style community in Opelika, about 27 miles northwest of Columbus, Georgia. The project is positioned on a 13.5-acre site at 3305 Gateway Springs Drive and will comprise seven three-story apartment buildings offering studio, one-, two- and three-bedroom units. Amenities include a pool with covered patio seating, grills, a fire pit, an indoor-outdoor fitness center, a pet park and car-care center. Excel Engineering Inc. is the architect, and BSI is the civil …

October 5, 2026

Development Midwest Minnesota News

Ryan Opens 97-Unit The Albert, Civic Square at St. Paul Ford Site

by Lynn Peisner October 5, 2026

SAINT PAUL, MINN. — Locally based Ryan Cos. has opened The Albert and adjacent Civic Square within Highland Bridge, the 122-acre redevelopment of the former Ford Motor Co. Twin Cities Assembly Plant site in St. Paul. The Albert is part of a $68 million mixed-use phase that also includes retail buildings, a daycare center and structured parking. The east side of The Albert incorporates a reconstructed portion of the historic 1920s assembly plant facade, originally designed by architect Albert Kahn, for whom The Albert is named. Its reconstruction required the …

October 5, 2026

Berkadia California Investment Sales News Western

Berkadia Arranges $6.8M Sale in Westchester Submarket of Los Angeles

by Lynn Peisner October 2, 2026

LOS ANGELES — Berkadia has arranged the $6.8 million sale of Altezza, a 16-unit property in the Westchester neighborhood of Los Angeles. Steffan Braunlich of Berkadia El Segundo led the transaction on behalf of the seller, Revere Investments of Rolling Hills Estates, California. The buyer was Edud Investments based out of Corona, California. The deal closed on Sept. 21. Located at 6925 Kittyhawk Ave., the property was built in 1993 and features 16 two-bedroom, two-bathroom apartments, including upper-level, two-story loft layouts. The property also includes in-unit stackable washers and dryers, …

October 2, 2026

Investment Sales News North Carolina Southeast

BAM Capital Buys Coastal Carolina Asset

by Lynn Peisner October 2, 2026

LELAND, N.C. — Indiana-based BAM Capital, the private equity affiliate of The BAM Cos., has acquired The Marling at Town Creek, a 334-unit community completed in 2024 in Leland, 10 miles west of Wilmington, North Carolina. The seller and sales price were not disclosed. Units feature stainless steel appliances, walk-in closets and full-sized washers and dryers. Amenities include a 24-hour fitness center, saltwater pool with a ledge deck and lounge seating, a clubhouse, coworking space, dog park, car-care center and a café. The acquisition marks BAM Capital’s entry to the …

October 2, 2026

Affordable Housing Development Massachusetts News Northeast

WinnDevelopment Secures Financing for $48M Massachusetts Affordable Housing Development

by Lynn Peisner October 2, 2026

SALEM, MASS. — WinnDevelopment has secured financing for a 115-unit, $48 million mixed-income community in Salem. The Exchange Salem will be a transit-oriented project, built adjacent to Salem’s Massachusetts Bay Transportation Authority (MBTA) commuter rail station. The seven-story ground-up development is being erected on the site of a former municipal parking lot overlooking the mass transit station and parking garage. The Exchange will comprise studios, one- and two-bedroom apartments, about half of which will be affordable to renters earning up to 60 percent of area median income (AMI). Remaining units …

October 2, 2026

California Investment Sales News Western

Marcus & Millichap Brokers $9.1M Silicon Valley Trade

by Lynn Peisner October 1, 2026

SAN JOSE, CALIF. — Marcus & Millichap’s Levin Johnston brokerage team has arranged the sale of First Street Manor, a 39-unit community in San Jose. Adam Levin, Robert Johnston and Cole Simpson represented the seller and procured the buyer in the $9.1 million transaction. Neither party to the transaction was named. The property, built in 1948, comprises studio, one- and two-bedroom floor plans. The 18,305-square-foot property sits on a 0.87-acre parcel one block west of the Japantown/Ayer light rail station at 523 North 2nd St. with service throughout the Silicon …

October 1, 2026

Finance News North Carolina Southeast

Regions Provides $64M Freddie Mac Loan for Charlotte Refinancing

by Lynn Peisner October 1, 2026

MONROE, N.C. — Regions Real Estate Capital Markets has arranged a $64 million Freddie Mac loan for Signature Property Group’s refinancing of Elevate Rocky River in Monroe, 26 miles southeast of Charlotte. The loan refinances the new community, replacing a prior construction loan with a permanent debt. The community comprises one- and two-bedroom units and such amenities as a resort-style pool, coffee bar, package room, fitness center, dog park, playground, work spaces and electric vehicle charging stations. Signature Property Group is headquartered in Greensboro, North Carolina.

October 1, 2026

Colorado Finance News Western

Griffis Residential Obtains $86.1M Refinancing for Denver Asset

by Lynn Peisner October 1, 2026

DENVER — JLL Capital Markets has arranged an $86.1 million refinancing loan for Griffis Union Station, a 400-unit property owned by Greenwood Village, Colorado-based multifamily investment company Griffis Residential. Completed in 2010, Griffis Union Station is located at 2905 Inca St. in downtown Denver, stands five stories tall and offers one- and two-bedroom units and such amenities as a fitness center, resort-style pool, clubhouse, lounge, business center, grilling stations, game room, dog park and pet washing station. JLL’s team was led by Eric Tupler, Kevin Barron and Jake Martin.

October 1, 2026

Affordable Housing Development Michigan Midwest News

Related Midwest Breaks Ground on $220M Affordable Housing Redevelopment in Ann Arbor, Michigan

by Lynn Peisner September 30, 2026

ANN ARBOR, MICH. — Related Midwest, the Chicago office of Related Cos., and the Ann Arbor Housing Commission have broken ground on The Adeline, a 20-story, 330-unit affordable housing community in downtown Ann Arbor. The project cost was listed as $220 million when digital news group MLive reported the city’s approval of the development in October 2025. Most units are reserved for households earning up to 80 percent of area median income (AMI). About one-third of the apartments will be reserved for households earning 30 percent or less of AMI. …

September 30, 2026

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