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Ivy & Green in Hackensack, New Jersey
FinanceNew JerseyNewsNortheast

Northwestern Mutual Provides $115 Million Loan for Refinancing of Ivy & Green in Hackensack, New Jersey

by Channing Hamilton

HACKENSACK, N.J. — Northwestern Mutual Life Insurance Co. has provided a $115 million loan for the refinancing of Ivy & Green, a 389-unit community in Hackensack, about 20 miles north of New York City. The borrower was a partnership between Hornrock Properties and GTIS Partners. Michael Klein, Thomas Didio, Thomas Didio Jr. and John Cumming of JLL arranged the eight-year, fixed-rate loan. Ivy & Green was developed in phases over the last several years. The first phase of the project delivered 221 units in March 2023. Phase II was completed …

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NewsOperationsPeople NewsTexas

Lion Real Estate Group Adds Deanna Wigley as Vice President of Operations Support

by Channing Hamilton

DALLAS — Lion Real Estate Group (Lion) has expanded its leadership team with the addition of Deanna Wigley as vice president of operations support. In this role, Wigley will supervise the review and evaluation of new supplier partners, ensure that appropriate resources are in place to facilitate sales transactions and oversee information technology services. She will also serve a key role in risk management and training for regional and community managers. Prior to joining Lion, Wigley served as regional vice president at both Allied Orion Group and US Residential Group. …

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CaliforniaNewsOperationsPeople NewsWestern

CalHFA Selects Stephanie McFadden as Director of Multifamily Programs

by Channing Hamilton

SACRAMENTO, CALIF. — The California Housing Finance Agency (CalHFA) board of directors has appointed Stephanie McFadden as director of multifamily programs. In her new position, McFadden will oversee the CalHFA lending team, as well as an asset management division that monitors roughly 18,000 units of affordable housing. Most recently, McFadden was the chief leading officer at Low Income Investment Fund (LIIF), a nonprofit community development financial institution. Prior to joining LIIF, she served as a senior advisor for the Office of Multifamily Production with HUD, a role that was created …

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Company NewsMidwestNewsOhioOperations

TCAM Asset Management Rebrands as MRI Asset Management Services

by Channing Hamilton

SOLON, OHIO — TCAM Asset Management, an affordable housing service provider that was acquired by Solon-based property technology firm MRI Software in 2018, is rebranding as MRI Asset Management Services. The company will continue to provide asset management and consulting services to developers, owners and funders of affordable housing. TCAM Asset Management, now MRI Asset Management Services, was originally established in 2009. The company serves clients for roughly 1,600 properties and 176,000 apartments across 48 states, Washington, D.C. and Puerto Rico.

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Forty-Six Fifty in New York City
DevelopmentLeasing & MarketingNew YorkNewsNortheast

Arden Group Opens 22-Story Mixed-Use Community in Manhattan

by Channing Hamilton

NEW YORK CITY — Philadelphia-based development and investment firm Arden Group has opened Forty-Six Fifty, a 22-story mixed-use development situated at 4650 Broadway in the Inwood neighborhood of Manhattan. Handel Architects designed the building. Forty-Six Fifty consists of 222 apartments in studio, one- and two-bedroom floor plans. Thirty percent of units are subject to undisclosed income restrictions. Amenities include a fitness center, resident lounge, screening room and children’s play area. The property also includes 120,000 square feet of commercial space that is leased to a charter school and supermarket.

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The investment sales panel at InterFace Multifamily Southeast
Conference CoverageFeaturesGeorgiaNewsSoutheast

InterFace: Multifamily Investors Are Bullish on 2025 Sales Market, Though Many Hurdles Will Carry Over into New Year

by Channing Hamilton

Speakers on the investment sales panel at the annual InterFace Multifamily Southeast conference were overall bullish on the sector’s investment prospects in the new year. The event, now in its 15th year, was held on Wednesday, Dec. 4 at the Cobb Galleria Centre in Atlanta. To kick off the panel, moderator Paul Berry, president and COO of Mesa Capital Partners, discussed what a recovery could look like in terms of investment sales volume. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real …

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Union Green in Union City, Georgia
DevelopmentGeorgiaNewsSoutheast

Woodfield Development Delivers 295-Unit Community in Union City, Georgia

by Channing Hamilton

UNION CITY, GA. — Woodfield Development has completed Union Green, a 295-unit project located at 4980 Stonewall Tell Road in Union City, about 18 miles southwest of Atlanta. The community offers a mix of one-, two- and three-bedroom units, which average 741 to 1,573 square feet. Amenities include a pool with a sun lounge area, club lounge, demonstration kitchen, outdoor social commons with a grilling area, fitness studio and sky lounge. The development team for Union Green included general contractor CBG Building Co., architect of record Fifth Dimension Architecture and …

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Presidium Valley View in Farmers Branch, Texas
DevelopmentNewsTexas

Presidium Begins Leasing 348-Unit Project in Farmers Branch, Texas

by Channing Hamilton

FARMERS BRANCH, TEXAS — Presidium has begun leasing Presidium Valley View, a 348-unit project located in Farmers Branch, roughly 15 miles northwest of Dallas. The community offers studio, one-, two- and three-bedroom units that range from 573 to 1,631 square feet. Rents start at $1,585 per month for a studio apartment. Residents have access to amenities such as a fitness center, clubroom, coffee bar, theater lounge with a golf simulator and coworking spaces. Outdoor amenities include a pool, yoga lawns, grilling areas and a pet park with a spa. The …

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Preserve at Melrose in San Diego
CaliforniaInvestment SalesNewsWestern

Mesirow Acquires Preserve at Melrose in San Diego for $185 Million

by Channing Hamilton

SAN DIEGO — Chicago-based financial services firm Mesirow has purchased Preserve at Melrose, a 410-unit property located in the Vista neighborhood of San Diego, for $185 million. Built in 2015, Preserve at Melrose offers one-, two- and three-bedroom floor plans. According to Apartments.com, the garden-style community features amenities such as a business center, clubhouse, lounge, fitness center, pool, playground and courtyard. Hunter Combs of Walker & Dunlop represented the seller, a locally based group, and the buyer in the deal.

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Company NewsInvestment SalesNewsPeople NewsTexas

Cityview Hires Quinn Konitshek as Director of Acquisitions

by Channing Hamilton

DALLAS — Cityview has hired Quinn Konitshek to the role of director of acquisitions. In this position, Konitshek will help the investment management and development firm expand its pursuit of stabilized and ground-up acquisition opportunities throughout the southwestern United States, with particular focus on Texas, Arizona and Colorado. Konitshek will be based in Cityview’s newly opened office in Dallas. He will report to Damian Gancman, who was recently promoted to the role of chief investment officer. Prior to joining Cityview, Konitshek sourced multifamily transactions across Texas and the southwestern United …

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