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Bonsai-Apartments-DC
BerkadiaFinanceNewsNortheastWashington, D.C.

Berkadia Arranges $9.5 Million Refinancing for July Residential’s Bonsai Apartments in D.C.

by Lynn Peisner

WASHINGTON, D.C. — Berkadia has arranged a $9.5 million refinancing loan for July Residential’s Bonsai Apartments, a newly constructed, 41-unit community in Washington, D.C.’s H Street corridor. The lender was Revere Capital, which provided a two-year floating-rate loan. Berkadia’s Mitch Sinberg, Matt Robbins, Scott Wadler and Brad Williamson of Berkadia Boca Raton and Miami, alongside Brian Gould of Berkadia D.C. Metro, arranged the financing. The transaction closed on Dec. 29. July Residential is headquartered in New York City with offices in Washington, D.C., and Boca Raton, Florida. The owner-operator’s portfolio …

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3100-3118-Patrick-Henry-Drive-Santa-Clara
BerkadiaCaliforniaDevelopmentInvestment SalesNewsWestern

Berkadia Arranges $12.5 Million Land Sale in Silicon Valley

by Lynn Peisner

SANTA CLARA, CALIF. — JEMCOR Development Partners and Scaled Projects acquired a 2.5-acre site in Santa Clara for $12.5 million on Dec. 18. Jason Parr and Scott MacDonald of Berkadia San Francisco arranged the sale. The site is adjacent to Levi’s Stadium, home of the San Francisco 49ers, and is zoned for high-density residential development within the city’s Patrick Henry Drive Specific Plan Area. The plan was adopted by the Santa Clara City Council in 2022 with the goal to redevelop a series of office parks, some developed in the …

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Affordable HousingCompany NewsFinanceMarylandNew YorkNewsNortheast

Walker & Dunlop, Pretium Launch Affordable Housing Bridge Lending Venture

by Lynn Peisner

BETHESDA, MD., NEW YORK CITY — Walker & Dunlop and Pretium have launched a $250 million joint venture to provide financing for affordable housing. The new group, known as Walker & Dunlop Affordable Bridge Capital, will originate flexible, short-term first-mortgage bridge loans for properties that are being acquired, refinanced or prepared for long-term government programs such as LIHTC, Section 8 or tax-exempt bonds. The joint venture will offer flexible, interest-only bridge financing with loan sizes ranging from $10 million to $75 million and terms between six and 36 months.

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MG Properties- Sola Galleria Apartments in Farmers Branch Texas
Investment SalesNewsTexas

MG Properties Buys Sola Galleria in Dallas Metro

by Lynn Peisner

FARMERS BRANCH, TEXAS — San Diego-based MG Properties has acquired the 330-unit Sola Galleria Apartments in Farmers Branch, approximately 12 miles north of Dallas. The sellers, HKC Equity and The Hampshire Cos., were represented by Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware and Jack Windham of IPA. An undisclosed amount of financing for the acquisition was arranged by IPA Capital Markets’ Cameron Chalfant, Brian Eisendrath, Harry Krieger and Scott Arenzon. Amenities at the property include a resort-style pool, a dog park, a 24-hour fitness center, a coffee bar, entertainment …

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Wildwood-Missouri
DevelopmentMidwestMissouriNews

Mia Rose Holdings and Its Partners Break Ground on $57.5 Million Mixed-Use Project in St. Louis Metro

by Lynn Peisner

WILDWOOD, MO. — Locally based Mia Rose Holdings, along with Ed Kohn and Greenberg Development Co., has begun construction of Wildwood Luxury Living, a 188-unit community in Wildwood, 30 miles west of St. Louis. The developers are planning to deliver 188 luxury apartments with approximately 7,000 square feet of ground-floor commercial and restaurant space. First move-ins are predicted to occur in summer 2027. The project, which includes 7,000 square feet of commercial and retail space, is designed to complement the existing Wildwood Town Center, a mixed-use district. Wildwood Luxury Living …

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506-W.-Deming-Place-Chicago
IllinoisInvestment SalesMidwestNews

Interra Realty Brokers $17 Million Sale of Apartment Building in Chicago’s Lincoln Park Neighborhood

by Lynn Peisner

CHICAGO — Interra Realty, a Chicago-based commercial real estate investment services firm, has arranged the sale of 506 W. Deming Place in Chicago’s Lincoln Park neighborhood. The 49-unit apartment building traded for $17.4 million. Interra’s Colin O’Malley represented the confidential seller of the property as well as the buyer, Horizon Realty Group. The building was 98 percent occupied at the time of sale. The asset has not traded for more than 30 years. Built in 1915, the courtyard building features seven studio, seven one-bedroom, 31 two-bedroom and three three-bedroom units …

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Montreux-Phoenix
ArizonaFinanceNewsWestern

PCCP Provides $84 Million Refinancing Loan to Pacific Development Partners

by Lynn Peisner

PHOENIX — PCCP has provided an $84 million senior loan to Los Angeles-based Pacific Development Partners for the refinancing of Montreux, a 335-unit community in Phoenix. The three-building property was developed in 2019 and is approximately 89 percent leased. The financing was arranged by James Bach of CBRE. Montreux’s units are offered in one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, a rooftop clubhouse, pickleball and tennis courts, a game room with a multi-sport simulator and parking.

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Montego-Bay-Apartments-Hialeah
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers $12 Million Sale of Miami-Dade Property

by Lynn Peisner

HIALEAH, FLA. — Marcus & Millichap has arranged the $12 million sale of Montego Bay Apartments, a 45-unit property in Hialeah. The property was developed in 1972 as apartments and was converted to condos in the early 2000s. The property returned once again to a rental model approximately two years ago. Montego Bay features one-, two- and three-bedroom units with covered parking. Evan Kristol and Felipe Echarte, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private partnership, and procured the buyer, an investment group. 

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Mockingbird-Station-Dallas
Affordable HousingDevelopmentNewsTexas

High Street Residential Breaks Ground on Dallas Transit-Oriented Development

by Lynn Peisner

DALLAS — High Street Residential (HSR), a subsidiary of Trammell Crow Co., has broken ground on a 394-unit transit-oriented development in Dallas. The project, which has yet to be formally named, is part of a multi-phase conversion of approximately 16 acres of under-utilized surface parking owned by the Dallas Area Rapid Transit (DART) agency. The project is located at the SMU/Mockingbird station. At full buildout, the area will be a pedestrian-friendly, mixed-use neighborhood surrounding the DART station. HSR’s apartment project is expected to be complete by the end of 2027. …

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Skylar-Ridge-Hoover
AlabamaFinanceNewsSoutheast

Westside Capital Group Refinances Skylar Ridge in Hoover, Alabama

by Lynn Peisner

HOOVER, ALA. — Westside Capital Group is refinancing Skylar Ridge, a 140-unit property in Hoover, with a $21.8 million loan arranged by JLL. Crestline Investors was the lender. The owner has completed a renovation that updated the clubhouse with a new fitness center. Other improvements include a new pool deck and dog parks. Following the $2.5 million redevelopment, Westside Capital Group has increased rents by 21 percent on leases signed in the third quarter of 2025. The occupancy rate in May 2024 was 60 percent and had risen to 97 …

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