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One Rangers Way in Arlington, Texas
DevelopmentNewsTexas

Texas Rangers, Cordish Top Out 300-Unit One Rangers Way Apartments Near Dallas

by Channing Hamilton

ARLINGTON, TEXAS — Major League Baseball team the Texas Rangers and The Cordish Cos. have topped out One Rangers Way, a 300-unit project in the western Dallas suburb of Arlington. One Rangers Way is the multifamily component of Cordish’s Arlington Entertainment District. The devleopment site is situated less than a mile from Globe Life Field, the home ballpark of the Rangers. The community will offer studio, one- and two-bedroom units. Each of the community’s 52 floor plans are named after Rangers players or significant events, including the team’s 2023 World …

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Shalimar Estates in Burnsville, Minnesota
Investment SalesMidwestMinnesotaNews

JLL Capital Markets Brokers Sale of 48-Unit Shalimar Estates in Burnsville, Minnesota

by Channing Hamilton

BURNSVILLE, MINN. — JLL Capital Markets has negotiated the sale of Shalimar Estates, a townhome community comprising 48 units in Burnsville, 15 miles south of Minneapolis. JLL represented the seller, Gaughan Cos., in the deal. The buyer was not disclosed. Josh Talberg and Bill Mork led the JLL Capital Markets Investment Sales Advisory team. Shalimar Estates is part of Gaughan’s 800-unit Minnesota Legacy Apartment Portfolio, which JLL has been marketing for sale. The community is situated on 5.6 acres at 13340 Parkwood Dr. Townhomes come in three-bedroom layouts and feature washers …

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Beachwood Apartments in Huntington Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $8.7 Million Sale of Beachwood Apartments in Huntington Beach, California

by Channing Hamilton

NEWPORT BEACH, CALIF. — CBRE has arranged the sale of Beachwood Apartments, an 18-unit community in Huntington Beach. The asset traded hands for $8.7 million. Dan Blackwell and Mike O’Neill of CBRE represented both the buyer and seller in the deal. The seller was a repeat client based in Huntington Beach, California. The buyer was an undisclosed private investor headquartered in Fountain Valley, California. Beachwood Apartments was built in 1971 at 125 16th Street. The community totals 0.4 acres across six lots. Units come in one-, two- and three-bedroom floor …

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The Rise Walnut Creek in Walnut Creek, California
CaliforniaInvestment SalesNewsWestern

Institutional Property Advisors Negotiates Sale of 97-Unit The Rise Walnut Creek in Walnut Creek, California

by Channing Hamilton

WALNUT CREEK, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Rise Walnut Creek, a 97-unit community in Walnut Creek, about 16 miles east of Oakland, California. Hines purchased the asset from Rescore for an undisclosed price. Alex Tartaglia, Stanford Jones, Philip Saglimbeni and Salvatore Saglimbeni of IPA represented the seller and procured the buyer in the deal. The Rise Walnut Creek was completed in 2023. Units come in studio, one-, two- and three-bedroom layouts. Apartments feature washers and dryers, wide plank flooring …

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V by Alta in Orlando, Florida
DevelopmentFloridaNewsSoutheast

Wood Partners Breaks Ground on 219-Unit V by Alta in Orlando, Florida

by Channing Hamilton

ORLANDO, FLA. — Wood Partners has broken ground on V by Alta, a 219-unit development located at 10149 Arise Loop in Orlando. The community will offer a mix of studio, one-, two- and three-bedroom units. Planned amenities include a lobby lounge, clubroom, business lounge, fitness center, game room, pool, pet park with pet wash station, grilling stations, bike racks and EV charging stations. The fifth floor will also feature a Fireworks Lounge, where tenants can watch nightly fireworks from the nearby theme parks.

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HōM Flats at 24 East in Holland, Michigan
Affordable HousingDevelopmentMichiganMidwestNews

Magnus Capital Partners Breaks Ground on $60 Million Workforce Housing Development in Holland, Michigan

by Channing Hamilton

HOLLAND, MICH. — Magnus Capital Partners has begun development on HōM Flats at 24 East, a $60 million workforce housing project in Holland, 28.7 miles west of Grand Rapids, Michigan. Once completed, the complex will comprise 202 apartments across eight acres. HōM Flats at 24 East will offer one-, two- and three-bedroom units with full-size washers and dryers and secured key fob access. The property will also feature 13,000 square feet of retail space, including an on-site childcare center and suites for locally owned businesses.  Planned amenities include pickleball courts, a …

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DevelopmentLeasing & MarketingMidwestMissouriNews

Thompson Thrift Opens 300-Unit The Depot Near Kansas City

by Channing Hamilton

RAYMORE, MO. — Thompson Thrift has opened The Depot, a 300-unit property in the Kansas City suburb of Raymore. The Depot is located at 101 S. Dean Ave., adjacent to the Raymore Galleria, a 400,000-square-foot shopping center. Apartments come in one-, two- and three-bedroom floor plans. Amenities include a fitness center, pool, dog park and speakeasy-inspired clubhouse. Rents begin at $1,295 per month. The nine-story building is currently nearly 30 percent leased.

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Affordable HousingDevelopmentFinanceMassachusettsNewsNortheast

MassHousing Provides $41.6 Million in Financing for Affordable Housing Development in Cambridge, Massachusetts

by Channing Hamilton

CAMBRIDGE, MASS. — MassHousing has provided $41.6 million in financing for a 106-unit affordable housing development at 52 New Street in Cambridge. The majority of the funds consists of a $15.4 million permanent loan, as well as $24.7 million in tax credit equity bridge financing. The borrower was locally based social services provider Just A Start. Once completed, the community will feature one-, two- and three-bedroom apartments for households earning 30, 60 and 80 percent of the area median income. The property will also include 3,500 square feet of commercial …

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Investment SalesNew YorkNewsNortheast

Marcus & Millichap Brokers $9.3 Million Sale of 22-Unit The West in Brooklyn

by Channing Hamilton

NEW YORK CITY — Marcus & Millichap has arranged the sale of The West, a 22-unit building located at 144 West Street in Brooklyn. The building was completed in 2021 and offers one- and two-unit floor plans. Amenities include a package room, urban garden, lounge with a bar and rooftop deck. Private investor Chesky Landau purchased the asset from an undisclosed seller for $9.3 million. Shaun Riney, Michael Salvatico and Samuel Leppo of Marcus & Millichap represented the seller and procured the buyer.

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Accent Southrail in Charlotte, North Carolina
FinanceNewsNorth CarolinaSoutheast

BWE Negotiates $35.9 Million Refinancing for Accent Southrail in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — BWE has brokered a $35.9 million loan for the refinancing of Accent Southrail, a 304-unit community located at 6026 Station Crossing Ave. in Charlotte’s Lower South End district. Alan Tapie, Thomas Wiedeman, Brad Walker and Hanley Long of BWE arranged the three-year, fixed-rate loan through a life company lender. The financing features flexible prepayment options. Westplan Investors was the borrower. Accent Southrail was built in 2021. The project offers one-, two- and three-bedroom floor plans. Amenities include a gym, pool with loungers and Orbit daybeds, clubroom with …

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