GUTTENBERG, N.J. — A joint venture consisting of Black Bear Asset Management, Bettina Equities Management and Echevarria Industries is underway on construction for a 50-unit development in Guttenberg, located across the Hudson River from Manhattan. The site is located at 416 69th St. Once completed, the asset will rise seven stories. Planned amenities include a rooftop terrace, solarium lounge, fitness center, indoor garage parking with electric vehicle charging stations and a community center with grills and entertainment space. Completion is slated for 2028.
AUSTIN, TEXAS — BMC Capital has arranged $67.6 million in financing for a 300-unit project located in the greater Austin area. The name and address of the garden-style property, which was built in 2024, were not disclosed. The financing consists of a $53.5 million senior bridge loan and a $14.1 million preferred equity investment. Noah Laredo led the BMC Capital team on the placement of the financing, the debt component of which was structured with a three-year term and a 97 percent loan-to-cost ratio. The names of the direct lender, …
CHICAGO — Essex Capital Markets has arranged a refinancing for six-unit property located at 2216 West 21st Place in Chicago’s Pilsen neighborhood. The financing package includes a $795,000 fixed-rate bank loan with a 5-year term. Quinn Keenan of Essex Capital Markets arranged the loan on behalf of a local private investor. The property offers two-bedroom floor plans. The building underwent a significant renovation in 2023, including new kitchens and updated bathrooms.
AUSTIN, TEXAS — EMBREY has received financing for the construction of a 344-unit project in Austin. Texas-based Frost Bank provided the financing. The community will feature studio, one- and two-bedroom apartments. The first units are scheduled for delivery in the second quarter of 2027, with full completion slated for the second quarter of 2028. Residents will have access to a rooftop pool deck and clubhouse, fitness center, resident lounge with coworking facilities, game room, “grab and go” market, courtyard with a fireplace, outdoor kitchens, gaming lawns and a water feature. …
BALDWIN PARK, CALIF. — Big Dalton LLC has acquired a 24-unit property located at 3541-3545 Big Dalton Ave. in Baldwin Park, about 17 miles east of Los Angeles. HP Big Dalton sold the asset for $6.3 million. Eric Chen and Justino Fa’aola of CBRE represented the buyer and seller in the deal. The community features two-bedroom residences, with roughly 50 percent of units designated as single-story bungalows. Units feature quartz countertops, vinyl and carpeted flooring, wall-mounted AC units, select kitchen appliances, in-unit washer and dryer and private or shared patios.
HAMPTON, N.H. — Seabrook Real Estate Partners has purchased Appleton Oaks, a 113-unit complex in Hampton, situated near the Maine-New Hampshire border, for $31.5 million. The two-building complex was constructed in phases between 2004 and 2005. Units come in one- and two-bedroom configurations, according to the property website. David Berman, James Stubblebine, David Stubblebine and Zack Hardy of The Stubblebine Co. represented the undisclosed seller in the transaction and procured the buyer.
FAIRFAX, VA. — Berkadia has arranged $129 million for the refinancing of Amberleigh Apartments, a 752-unit community in Fairfax, roughly 20 miles west of Washington, D.C. Patrick McGlohn, Brian Gould, Miles Drinkwalter and Natalie Hershey of Berkadia arranged the financing on behalf of the locally based borrower, Redbrick LMD. The financing consisted of a $113.8 million Freddie Mac loan and a $15.6 million preferred equity investment from an undisclosed source. Amberleigh Apartments features one-, two- and three-bedroom floor plans ranging from 861 square feet to 1,523 square feet, according to …
OVERLAND PARK, KAN. — Northmarq has secured a $52 million Freddie Mac loan for the refinancing of Stonebriar Woods, a 476-unit property in Overland Park, about 13 miles south of Kansas City, Missouri. The garden-style community features a mix of one-, two- and three-bedroom floor plans. Amenities include a pool, clubhouse, tennis court, fitness center and green space. Greg Duvall of Northmarq arranged the loan on behalf of the borrower, Price Brothers, a Kansas City-based real estate investment and development firm.
MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two multifamily properties totaling 112 units in Mauston and Racine, for $10.1 million. An Iowa-based multifamily investor and developer purchased the assets from an Iowa-based multifamily investor. CBRE’s Max Colby, Sean Beuche, Matson Holbrook, Patrick Gallagher and Gretchen Richards represented the seller. Riverwood Apartments is proximate to I-90 and minutes away from Decorah Lake. Built in 1994, the 32-unit property features a mix of one-, two- and three-bedroom floor plans. Biscayne Apartments is located …
CHARLOTTE, N.C. — Mill Creek Residential has begun pre-leasing at Modera Liberty Row, a 239-unit community in the SouthPark neighborhood of Charlotte. The community is located at 7740 Liberty Row Drive on The Loop. Units come in studio, one-, two- and three-bedroom layouts. The average unit size is 1,100 square feet. The first move-ins are slated for June. Modera Liberty Row will offer amenities such as a pool, fitness center with a yoga studio, multiple clubrooms, four elevated courtyards, game room, golf simulator lounge, bocce ball courts, coworking spaces and …