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Genesee-Park
CaliforniaInvestment SalesNewsWestern

American Assets Trust Buys ‘Untouched 1980s’ San Diego Property

by Lynn Peisner

SAN DIEGO — American Assets Trust has acquired Genesee Park in San Diego for an undisclosed price. The seller, Hess Genesee Park LLC, was represented by CBRE’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy, Chris Tresp, and Kenji Thomas who also arranged the sale. The 192-unit Genesee Park was built in 1985 and has had one owner. According to Parsons, the community is an “essentially untouched 1980s asset that has been well-maintained.” The community consists of six buildings, each configured with three stories of residential over one level of gated parking. …

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Investment SalesNew JerseyNewsNortheast

The Kislak Co. Brokers $4 Million Sale of Complex in Millburn, New Jersey

by Channing Hamilton

MILLBURN, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $4 million sale of a 15-unit asset in Millburn, 10 miles west of Newark, New Jersey. Located at 357 Millburn Ave., the three-story building was originally built in 1927. The unit mix includes 11 one-bedroom and four two-bedroom units, which were fully occupied at the time of sale. The property also includes four retail spaces. Jeff Squires of Kislak represented the seller, P&D Partners LP, and procured the buyer, an entity doing business as Walton Millburn …

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GeorgiaInvestment SalesNewsSoutheast

Atlantic Pacific Cos. Acquires Canterbury Ridge in Canton, Georgia

by Channing Hamilton

CANTON, GA. — Blue Atlantic Partners, an affiliate of Miami, Florida-based Atlantic Pacific Cos., has acquired Canterbury Ridge in Canton, roughly 40 miles north of Atlanta. The new ownership will rename the asset to The Atlantic Canton Ridge. The garden-style community is located at 101 Canterbury Ridge and consists of 212 units. Apartments come in one-, two- and three-bedroom floor plans and range from 654 to 1,338 square feet. Amenities include a pool, fitness center, clubhouse and playground. Atlantic Pacific Cos. will take over property management services. The company also plans …

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Le Noble Apartments in Los Angeles
CaliforniaFinanceNewsWestern

MMCC Negotiates $16.8 Million for Refinancing of Le Noble Apartments in Los Angeles

by Channing Hamilton

LOS ANGELES — Marcus & Millichap Capital Corp. (MMCC) has arranged $16.8 million for the refinancing of Le Noble Apartments, a 46-unit property located at 5768 W. 3rd St. in Los Angeles. The community features elevators, a dog park, courtyard and fitness center that is currently under construction. Units include balconies, as well as washers and dryers. Dan Litman of MMCC secured the financing with a national bank on behalf of a local commercial brokerage firm that specializes in sales, leasing and management of multifamily and commercial properties located in Los …

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IllinoisInvestment SalesMidwestNewsPeople News

Lument Adds Todd Stofflet to Multifamily Investment Sales Team

by Channing Hamilton

CHICAGO — Lument has added Todd Stofflet to the firm’s real estate investment sales team as a managing director. Based in Chicago, Stofflet will focus on multifamily deals in Illinois, Indiana, Michigan and Wisconsin. He joins Lument from Walker & Dunlop, where he led the firm’s Midwest Investment Sales team. Prior to this, Stofflet served as a managing director at Cushman & Wakefield, which he joined when the company acquired KIG CRE in 2018.

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Thirty-One Eleven Sunset in Flower Mound, Texas
DevelopmentNewsTexas

Realty Capital Residential Completes 16-Story Apartment Tower Near Dallas

by Channing Hamilton

FLOWER MOUND, TEXAS — Realty Capital Residential has completed the development of Thirty-One Eleven Sunset, a 16-story residential tower overlooking Lake Grapevine in Flower Mound, about 30 miles northwest of downtown Dallas. The property offers 207 units in a mix of one-, two- and three-bedroom floor plans. Monthly rates begin at $4,000. Amenities include a rooftop pool with a terrace and spa, bar and lounge, dining room, fitness center, golf simulator and guest suits that residents can reserve for visitors. The property also includes a five-level parking garage and 6,000 square …

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Mural Lewis Center in Columbus, Ohio
Build-to-RentDevelopmentMidwestNewsOhio

Joint Venture Breaks Ground on 120-Unit Build-to-Rent Project Near Columbus, Ohio

by Channing Hamilton

LEWIS CENTER, OHIO — A joint venture between Buckingham and Onyx+East has broken ground on Mural Lewis Center, a 120-unit build-to-rent (BTR) project in Lewis Center, roughly 20 miles north of Columbus, Ohio. The community will offer a mix of two- to four-bedroom homes ranging from 902 to 2,685 square feet. Units will include attached two-car garages and private outdoor spaces. The first units will be available for rent beginning in December. Home and yard maintenance services will be included. Residents have access to shared amenities such as a playground, …

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Residences at Mazza in Washington, D.C.
DevelopmentLeasing & MarketingNewsNortheastWashington, D.C.

Tishman Speyer Begins Pre-Leasing 321-Unit Community in Washington, D.C.

by Channing Hamilton

WASHINGTON, D.C. — Tishman Speyer, along with property management firm Bozzuto, has launched pre-leasing at Residences at Mazza, a 321-unit mixed-use project located at 5300 Wisconsin Ave. NW within the Friendship Heights neighborhood of Washington, D.C. The site is situated within a block from the Friendship Heights Metro station. Residences at Mazza will offer 321 apartments, townhomes and penthouses. Amenities will include a coworking lounge, rooftop lounge, fitness center, central courtyard with a lap pool and media room. The property will also include a 70,000-square-foot retail concourse. The design team …

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Old Town Square in Pompano Beach, Florida
FinanceFloridaNewsSoutheast

Adache Secures $59 Million Loan for Refinancing of Property in Pompano Beach, Florida

by Channing Hamilton

POMPANO BEACH, FLA. — Adache Real Estate has received a $59 million loan for the refinancing of Old Town Square, a 281-unit property located at 200 N.E. 1st Ave. in Pompano Beach. Built in 2024, the mid-rise community offers studio, one- and two-bedroom units. Amenities include a pool with a hot tub, kitchen with barbecue grills, gaming deck, fitness center, sauna, coworking lab, community bicycles, on-site mini market and a dog run. David Gahagan, Chris Hammel and Chandler Kaye of Northmarq’s West Palm Beach office arranged the loan through an undisclosed …

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