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2400-E-Atlantic-Blvd
DevelopmentFloridaNewsSoutheast

Portman Approved for Pompano Beach Project

by Lynn Peisner

POMPANO BEACH, FLA. — The City of Pompano Beach has approved Portman’s plans for a mixed-use development at 2400 E. Atlantic Blvd. The Atlanta-based developer will break ground on the eight-story, 397-unit project in fall 2026, with completion slated for late 2028. The community will include a variety of floor plans, some of which will be offered as townhomes with direct street access. Amenities will include a rooftop pool, interior courtyard, a fitness center and a six-story parking garage. At the street level, there will be 10,591 square feet of …

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The-Olivia
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $58.3 Million ReFi for Miami-Suburb Property

by Lynn Peisner

HOMESTEAD, FLA. — Berkadia has arranged a $58.3 million Freddie Mac loan for Denver-based Grand Peaks Properties and Washington, D.C.-based Artemis Real Estate Partners. The two firms will use the funds to refinance existing debt on The Olivia in Homestead, located about 27 miles south of Miami. The joint venture owners acquired the property, developed in 2018, for $71 million in late 2021 in a Berkadia-brokered transaction. The Olivia sits on 3.4 acres at 14981 Southwest 283rd St. and offers 288 one-, two- and three-bedroom units and amenities such as …

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Alloy-Block
Affordable HousingDevelopmentNew YorkNewsNortheast

Developers Secure $535 Million to Finance Second Phase of Brooklyn Project

by Lynn Peisner

NEW YORK CITY — Alloy Development and The Vistria Group have closed on $535 million in construction financing for the development of One Third Avenue, a 583-unit mixed-income high-rise that comprises Phase II of the Alloy Block development in Brooklyn. The 62-story community will join buildings developed in the first phase of the project — 505 State Street, a mixed-use community, and 489 State Street, a public elementary school. Once complete, the Alloy Block will be home to a total of 1,000 residences, including approximately 200 affordable housing units. Vistria …

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Circ-Tucson
ArizonaInvestment SalesNewsWestern

IPA Brokers Tucson Sale

by Lynn Peisner

TUCSON, ARIZ — Institutional Property Advisors (IPA) has arranged the sale of CIRC Tucson, a 368-unit property in the Casas Adobes neighborhood of Tucson. IPA’s Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David represented the seller and procured the buyer. Neither party was named. Completed in 1986 on 17 acres, CIRC Tucson is a gated, two-story, garden-style property with two pool areas, a fitness center, package lockers and electric vehicle charging stations.

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Jordan-McCarley
NewsNorth CarolinaPeople NewsSouth CarolinaSoutheast

Jordan McCarley Joins Cusman & Wakefield’s Carolinas Team

by Lynn Peisner

CHARLOTTE, N.C. — Jordan McCarley has joined Cushman & Wakefield’s Carolinas Multifamily team. With the title executive vice chair, McCarley will lead the Carolinas team alongside Blake Okland, Paul Marley and Alex McDermott. The Carolinas Institutional Multifamily Advisory team is part of the firm’s Sunbelt Multifamily Advisory Group, which is an 85-person investment sales team covering 14 states.

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Brentwood-Commons
Affordable HousingDevelopmentGeorgiaNewsSoutheast

Wendover Housing Partners Opens Atlanta Affordable Housing Community

by Lynn Peisner

ATLANTA — Wendover Housing Partners has opened Brentwood Commons, a 113-unit affordable housing community in Atlanta. The property offers one-, two- and three-bedroom apartments with monthly asking rents for one-bedrooms starting at $1,192 and three-bedroom rates set at approximately $1,632. Amenities include a clubhouse with a fireplace-anchored gathering area, a computer center for work and study, a splash pad and playground for children and a fitness center. Each unit is equipped with Energy Star-certified appliances, walk-in closets and a full-size washer and dryer. Designed by Slocum Platts Architects and built …

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2811-Maple
DevelopmentLeasing & MarketingNewsTexas

Crescent Opens Dallas Boutique High-Rise

by Lynn Peisner

DALLAS — Crescent Real Estate has opened 2811 Maple, a 31-story, 177-unit high-rise in Dallas’ Uptown neighborhood. Each floor has no more than seven units, and 60 percent are corner units. Residences range from 950 to 1,900 square feet with 12 penthouses ranging from 2,100 to 2,500 square feet. Asking rents range from $4,000 to $19,500. Amenities include coworking spaces, a fitness center, a resort-style pool with private cabanas, a fire pit, a garden, a pet spa, a coffee bar, controlled-access parking and electric vehicle charging stations. Valet and concierge …

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Distel-Circle
Affordable HousingCaliforniaDevelopmentNewsWestern

EAH, Santa Clara County Break Ground on Affordable Housing Development

by Lynn Peisner

LOS ALTOS, CALIF. — EAH Housing and Santa Clara County have broken ground on Distel Circle, an affordable housing community in Los Altos, about 17 miles west of San Jose. Distal Circle will offer 90 units for individuals and families earning between 30 and 80 percent of the area median income. Several units will be designated as permanent supportive housing for individuals experiencing homelessness. Completion is slated for January 2027. KTGY Architects designed the community. The project’s primary funding source is the Low-Income Housing Tax Credit (LIHTC) and state credit …

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Residences-at-Plantation-Square
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

City of Plantation Grants MMG Equity Partners Approvals, Financing for Florida Mixed-Income Development

by Lynn Peisner

PLANTATION, FLA. — MMG Equity Partners has received site plan approval and $6 million in tax-increment financing (TIF) incentives from the City of Plantation for the development of Residences at Plantation Square. The project will include luxury apartments, workforce apartments and a new Bank of America building, all located within Plantation Square, a 10-acre mixed-use development in the Broward County city of Plantation, about 8 miles west of Fort Lauderdale. Residences at Plantation Square will include an eight-story residential building with 307 apartments and a six-story parking garage. Amenities include …

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The-Mix
DevelopmentNewsTexas

StreetLights Residential Breaks Ground at The Mix in Frisco

by Lynn Peisner

FRISCO, TEXAS — StreetLights Residential has broken ground on a multifamily development within The Mix, a $3 billion, 112-acre mixed-use development anchored by a 9-acre park in Frisco along the Dallas North Tollway. The community will feature more than 635 apartments and townhomes in two sections in The Mix. Floor plans will be offered as one-, two- and three-bedroom options. In-unit features include built-in Sonos speakers; screened balconies; intuitive smart home controls, such as locks, thermostats and dimmable lights; and wine refrigerators. Amenities will include coworking lounges, pet wash stations, …

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