CHICAGO — Thesis Investment Group has sold 1515 N. Fremont Street in Chicago’s Lincoln Park neighborhood to Beal Properties for $20.4 million. Marcus & Millichap’s Kyle Stengle represented the seller and procured the buyer. The 98-unit property, built in 2016, includes approximately 4,000 square feet of commercial space and features a lounge, barbecue and picnic areas, indoor bike storage, package lockers and controlled access.
DAVIS, CALIF. — The Michaels Organization and has broken ground on an $88 million community called The Lumberyard in Davis. Development partners include Kyuden Urban Development America (KUDA) and Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development (JOIN), a Tokyo-based firm specializing in overseas transportation and urban development projects. KUDA is the U.S. real estate development subsidiary of Japan-based Kyushu Electric Power Co. The Lumberyard takes its name from Hibbert’s Lumberyard and Hardware Store, which operated on the development site at the intersection of G and 5th streets …
FAIR LAWN, N.J. — CBRE has brokered the sale of Lexington Riverview, a Class A community in Fair Lawn for $14.9 million. CBRE represented the seller while David Ferber with Matthews represented the buyer. Neither party’s name was disclosed. Completed in 2021, Lexington Riverview consists of 43 units. The property is situated along the Passaic River. Amenities include a fitness center, resident lounge and covered parking. The CBRE Institutional Properties team was led by Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, Eric Greenberg, while Charles Berger represented CBRE Investment …
AUSTIN, TEXAS — Locally based HPI Real Estate Services and Investments has broken ground on The Kent, a 396-unit development in North Austin. The general contractor is OHT Partners, the architect is Belshaw Mulholland Architects, and Ellie Aiello Interiors is the interior designer. Greystar will manage the property. Completion of the seven-story community is slated for mid-2029. HPI is investing approximately $20 million of its own capital in The Kent, alongside a group of private investors. The total project cost was not disclosed.
YONKERS, N.Y. — CBRE has arranged a land sale at 1219 Yonkers Ave. for a future multifamily development. A joint venture of Aubrey Capital and Empire General Contracting sold the parcel to Stagg Group for $9.5 million. The CBRE team of William V. Cuddy Jr. and Jacqueline Novotny marketed the site and represented Aubrey Capital in the negotiations. The property is already entitled for a 19-story, 412,866-square-foot mixed-use building comprised of 266 multifamily units, 1,600 square feet of retail space, approximately 16,000 square feet of amenity space and 278 parking …
FORT COLLINS, COLO. — JLL has arranged the $62.7 million sale of Seasons at Horsetooth Crossing in Fort Collins as well as a $38.8 million Freddie Mac acquisition loan for the buyer, which was a Hamilton Zanze-sponsored Delaware Statutory Trust. The seller was The Rainier Cos. Seasons at Horsetooth Crossing, located about three miles south of Colorado State University, is a 208-unit garden-style property consisting of 26 two-story buildings with one-, two- and three-bedroom units. Amenities include a clubhouse, fitness center, pool, business center, courtyard, grills and bike storage.
RENTON, WASH. — Sack Capital Partners has sold Cascadia at Fairwood Landing, a 195-unit community in the Fairwood neighborhood of Renton, to Bridge Partners for $47.5 million. Institutional Property Advisors (IPA) represented the seller and procured the buyer. Built in 1981 and renovated in 2025, Cascadia at Fairwood Landing is a two- and three-story garden-style property with 15 residential buildings, a seasonal outdoor pool, fitness center, and a new outdoor pagoda with barbecue stations and seating. The unit mix of one-, two- and four-bedroom apartments averages 795 square feet. Every …
HOMESTEAD, FLA. — Berkadia has arranged a $35 million construction loan for the third phase of development of Casa Princeton, a 162-unit, eight-story community in the South Miami-Dade County neighborhood of Princeton. The project marks the final phase of the Casa Princeton master-planned community, which encompasses 374 units. Completion of Phase III is slated for early 2028. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia Miami arranged the financing on behalf of the developer, Aconcagua Group. S3 Capital was the lender. Located at 12867 SW 248th St., …
DENISON, TEXAS — 2GR Equity has partnered with Preston Forrest Capital and Cross Development to build a 236-unit multifamily development in Denison, 75 miles north of Dallas. Located at the southeast corner of U.S. Highway 75 and W. Crawford Street, The Katy at Waterloo Trails will be part of Waterloo Trails, a 30-acre, master-planned, mixed-use development that, upon buildout, will include retail, restaurants, hotels and approximately 2.3 miles of hiking and biking trails. Preston Forrest Capital is the master developer of the larger project, with completion slated roughly for 2031. Construction …
OSWEGO, Ill. — JVM Realty Corp. has acquired Springs at Oswego, a 280-unit luxury community in Oswego, 48 miles west of Chicago. The asset was purchased from Continental Properties and brokered by Cushman & Wakefield. JVM Realty has rebranded the property from Springs at Oswego to Trillium at Oswego. The purchase price was not disclosed. Located at 801 Fifth Street, the gated community was completed in 2019 and features townhome-style design across two-story residential buildings. The property offers studio, one-, two- and three-bedroom floor plans. Amenities include a heated pool, …
