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Connor-Mortland
Affordable HousingCompany NewsNewsPeople NewsWestern

BH Properties Launches Haven Housing, Names Connor Mortland to Lead

by Lynn Peisner

LOS ANGELES — BH Properties has launched Haven Housing, an affordable housing company, and hired Connor Mortland to lead it. Mortland, formerly senior vice president of investments at Avanath Capital Management, will be based out of the firm’s San Diego office. As managing director and head of affordable housing acquisitions, he will direct Haven’s strategy to acquire and operate affordable and market-rate assets in the Western United States. Haven Housing aims for garden-style, value-add acquisitions with 100 or more units with value-add potential in Texas, Arizona, Nevada, Oregon, Washington, Colorado …

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Atheria-at-West-Grove
DevelopmentNewsTexas

Milhaus, FrontRange Break Ground in McKinney

by Lynn Peisner

MCKINNEY, TEXAS — Milhaus and FrontRange Capital Partners have broken ground on Atheria at West Grove, a 389-unit apartment and townhome community in the Dallas suburb of McKinney, located within the 52-acre West Grove mixed-use development. Completion is slated for 2026. The townhomes will feature two-car garages, kitchens with farmhouse sinks, wine refrigerators and front porches. Apartment units will include individual garage units and secured storage spaces. Atheria at West Grove’s amenities include a clubhouse with a golf simulator, a covered outdoor kitchen, a pool with cabanas, fire pits, grill …

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Miami-CEDARst
DevelopmentFloridaNewsSoutheast

CEDARst Breaks Ground in Miami’s Little River Neighborhood

by Lynn Peisner

MIAMI — CEDARst Cos. has broken ground on a mixed-use project in Miami that will include 191 units and 8,000 square feet of ground-floor retail in Miami’s Little River neighborhood. Completion is slated for May 2027. Units are designed in a mix of 52 studios as well as 84 one-bedroom, 43 two-bedroom and 12 three-bedroom floor plans. The property will also offer 302 parking spaces and a host of amenities, including coworking lounges, a golf simulator with two hitting bays, an indoor pickleball court, a pool deck, dry sauna, cold …

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Madison-Bellevue
FinanceNewsWashingtonWestern

Ezralow Co. Secures $73.5 Million to Refinance Madison Bellevue

by Lynn Peisner

BELLEVUE, WASH.  — Berkadia has arranged a $73.5 million loan on behalf of California-based The Ezralow Co. to refinance The Madison Bellevue, a 281-unit garden-style property in Bellevue. Senior Managing Director Allan Freedman of Berkadia Los Angeles secured the financing through Freddie Mac. The Madison Bellevue features one- and two-bedroom layouts with quartz countertops, kitchen islands, hardwood-style flooring, washers and dryers, stainless steel appliances and private patios. Amenities include a gym, pool and lounge.

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Vista-Greenway-Pool
DevelopmentMidwestNewsOhio

Vista Residential Partners Breaks Ground in Columbus, Ohio

by Lynn Peisner

COLUMBUS, OHIO — Vista Residential Partners has broken ground Greenway Vista in Columbus. The developer is building the 312-unit property on 25 acres near Rickenbacker Airport, a cargo hub. Parse Capital and Old National Bank provided financing for Greenway Vista. Designed by Columbus-based ArchAll Architects, the community will offer a mix of one- and two-bedroom units and such amenities as a 6,500-square-foot clubhouse with fitness and business centers, a resort-style pool with cabanas and grilling area, a large central green space with a pavilion, a community garden and a pet …

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Williams-Ranch-Vista
DevelopmentNewsTexas

Vista Residential Breaks Ground on First Texas Project

by Lynn Peisner

FORT BEND COUNTY, TEXAS — Vista Residential Partners has broken ground on Williams Ranch Vista, a 375-unit project about 28 miles southwest of Houston. The 18.2-acre site is adjacent to the Williams Ranch mixed-use development. Completion is slated for spring 2027. Project partners include the Rosenberg Housing Authority, Parse Capital, A16Z and BOK Financial. This is the first Texas development for Atlanta-based Vista Residential. Amenities at the community, which will consist of a mix of one- and two-bedroom units, include a resort-style pool, a dog park, a fitness area and …

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Jair Lynch
Affordable HousingDevelopmentFinanceNewsNortheastWashington, D.C.

Jair Lynch Secures Loans, Tax Credit Equity for D.C. Mixed-Income Development

by Lynn Peisner

ALEXANDRIA, VA. —Grandbridge Real Estate Capital, a subsidiary of Truist Financial Corp., has arranged $100 million in Freddie Mac loans on behalf of locally based Jair Lynch Real Estate Partners. In addition to the permanent financing, affiliates of Truist also served as a low-income housing tax credit equity investor for the transaction. The financing package includes a $38 million, tax-exempt loan and a $62 million taxable tail loan. The 15-year, fixed-rate loans and equity will finance the construction of a 310-unit, unnamed mixed-income project that will be built at 505 …

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Vue-Kirkland
Affordable HousingInvestment SalesNewsWashingtonWestern

Berkadia Arranges Sale of Vue Kirkland

by Lynn Peisner

KIRKLAND, WASH. — Acacia Capital has sold Vue Kirkland to BRIDGE Housing for an undisclosed sum. Managing Directors David Sorensen and Benjamin Johnson, Director George Pallis, Associate Director Peter Dudunakis and Senior Managing Director Kenny Dudunakis of Berkadia Seattle led the transaction on behalf of the California-based seller. BRIDGE Housing is planning to convert the 200-unit market-rate community to affordable housing, offering units to tenants earning between 50 and 80 percent of area median income. The property was built in 1977.

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Silverman-Group-Short-Hills
DevelopmentNew JerseyNewsNortheast

The Silverman Group Breaks Ground on The Estates At Short Hills

by Lynn Peisner

MILLBURN TOWNSHIP, N.J. — The Silverman Group, a real estate owner, investor, developer and manager based in Basking Ridge, N.J., has begun constructing The Estates at Short Hills about 30 miles west of New York City. Michels & Waldron Associates is the architect for the project, with construction by Silver Line Development. The 62-unit, four-story building will feature 10 one-bedroom, 49 two-bedroom and three three-bedroom residences. Amenities include a rooftop terrace, outdoor courtyard, fitness center, resident lounge and game room, package and mail rooms and garage bike storage. The first …

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275-Linden-Blvd
Investment SalesNew YorkNewsNortheast

Marcus & Millichap Arranges Sale in Brooklyn for $10.8 Million

by Lynn Peisner

BROOKLYN, N.Y. — Marcus & Millichap has arranged the sale of 275 Linden Boulevard, a 101-unit building in Brooklyn, for $10.8 million. The transaction marks the first time the property has changed hands in approximately 60 years. Shaun Riney and Daniel Greenblatt, investment specialists in Marcus & Millichap’s Manhattan office, marketed the property and represented the unidentified seller. Seth Glasser, also with Marcus & Millichap, procured the buyer, a private family office out of California. Built in 1930, the six-story, 135,714-square-foot property includes three elevators. The building sits on a …

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