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Palladium San Antonio in San Antonio
DevelopmentNewsTexas

Palladium USA Breaks Ground on $75 Million Palladium San Antonio

by Channing Hamilton

SAN ANTONIO — Palladium USA, in partnership with the San Antonio Housing Trust Public Facility Corp. (SAHTPFC), has broken ground on Palladium San Antonio, a $75 million development in San Antonio. The four-story project is situated on an 18-acre site. Palladium East Foster Crossing will feature 288 units in one-, two- and three-bedroom floor plans. Amenities will include a pool, fitness center, conference center, dog park, business center, children’s playroom and clubroom with a mini kitchen. Pre-leasing will begin by Winter 2025. Cross Architects designed the community. Brownstone Group is …

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FinanceInvestment SalesNewsTexas

Greystone Provides $18.6 Million Acquisition Loan for The Residences of Diamond Hill in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Greystone has provided an $18.6 million Fannie Mae acquisition loan for The Residences of Diamond Hill in Fort Worth. John Williams of Greystone originated the loan, which features a 10-year term, 35-year amortization schedule and interest-only payments for the first five years. The borrower and seller were not disclosed. The Residences of Diamond Hill was built in 2003. The garden-style community consists of 204 units across 40 buildings. Apartments come in two-, three- and four-bedroom layouts. Amenities include a fitness center, pool, outdoor grilling and picnic …

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Clara Bay Harbor 100th in Bay Harbor Islands, Florida
DevelopmentFinanceFloridaNewsSoutheast

Walker & Dunlop Arranges $53.6 Million Construction Financing for Clara Bay Harbor 100th in Bay Harbor Islands, Florida

by Channing Hamilton

BAY HARBOR ISLANDS, FLA. — Walker & Dunlop has brokered a $53.6 million loan for the construction of Clara Bay Harbor 100th, a 150-unit development in Bay Harbor Islands, 15 miles from Miami. Adam Schwartz, Aaron Appel, Jonathan Schwartz, Keith Kurland, Michael Ianno, Christopher de Raet and Marlon Robins of Walker & Dunlop secured the loan on behalf of the borrower. Located at 1145-1163 100th St., Clara Bay Harbor 100th is the second phase of a three-phase rental development by Clara Homes. Phase II will comprise 45 units. The developer …

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CaliforniaInvestment SalesNewsPeople NewsWestern

Newmark Hires Erik Anderson as Senior Managing Director Specializing in Investment Sales

by Channing Hamilton

SAN DIEGO — Newmark has hired Erik Anderson to the role of Senior Managing Director. In this position, Anderson will specialize in multifamily investment sales for private clients and middle-market investors throughout Southern California. He will be based out of Newmark’s San Diego office. Prior to joining Newmark, Anderson held senior positions at Northmarq and CBRE. He has served on the Developing Leaders board for NAIOP San Diego and is a member of the Urban Land Institute and the National Multifamily Housing Council.

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Fifteen12 at Bryan Apartments in Bryan, Texas
Leasing & MarketingNewsTexas

Stonemark Management to Manage Fifteen12 at Bryan Apartments in Bryan, Texas

by Channing Hamilton

BRYAN, TEXAS — Stonemark Management has taken over management services at Fifteen12 at Bryan Apartments in Bryan, about 100 miles northeast of Austin. The property offers one- to four-bedroom floor plans. Select units offer washers and dryers, flex space, mini blinds and more. Amenities include a clubhouse, fitness center, pool and sundeck with a grilling and picnic area, game room with a ping pong table and basketball and volleyball courts. According to Apartments.com, the community comprises 160 units and was built in 2000.

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The Amble in Steamboat Springs, Colorado
ColoradoDevelopmentFinanceNewsWestern

JLL Capital Markets Arranges $72.4 Million Construction Loan for The Amble in Steamboat Springs, Colorado

by Channing Hamilton

STEAMBOAT SPRINGS, COLO. — JLL Capital Markets has arranged a $72.4 million construction loan for The Amble, a 42-unit project to be situated at the base of Steamboat Springs Ski Resort in Steamboat Springs. JLL worked on behalf of the borrower, East West Partners, to secure the financing through a regional bank.Leon McBroom, Mark Erland and Kevin Barron led the JLL Capital Markets Debt Advisory team. The Amble is located on a 1.6-acre site at 2300 Mount Warner Cir. The building will rise five stories. The property will feature 6,500 square feet …

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DevelopmentGeorgiaLeasing & MarketingNewsPeople NewsSoutheast

Columbia Residential Selects Ken Clark as Chief Operating Officer

by Channing Hamilton

ATLANTA — Columbia Residential, an affordable housing developer and property manager based in Atlanta, has selected Ken Clark for the role of Chief Operating Officer. In this position, Clark will provide executive oversight for the financial operations of the company’s business units, including accounting, finance, human resources and corporate compliance functions. He will work out of Columbia Residential’s corporate headquarters in Atlanta. Clark is a graduate of Morehouse College and earned an MBA in Management of Technology from Georgia Tech.

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Affordable HousingNew YorkNewsNortheastPeople News

M&T Bank Appoints Lopa Kolluri as Head of Affordable Housing Lending

by Channing Hamilton

NEW YORK CITY — M&T Bank has appointed Lopa Kolluri to the role of Head of Affordable Housing Lending. In this new position, Kolluri will be responsible for the development, oversight and management of the Affordable Housing vertical within M&T’s Commercial Bank. Kolluri will also work closely with divisions of M&T’s Community Bank and M&T Realty Capital Corp.’s Affordable Housing Platform. She will be based in New York City. Kolluri previously served as Senior Vice President within M&T’s Commercial Real Estate Innovation Office. Prior to joining M&T, Kolluri served as the …

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Atlantica at Town Center in Davenport, Florida
FinanceFloridaNewsSoutheast

JLL Arranges $69.6 Million Refinancing for Atlantica at Town Center Near Orlando

by Channing Hamilton

DAVENPORT, FLA. — JLL has arranged a $69.6 million loan for the refinancing for Phase I of Atlantica at Town Center, a community located at 1121 Loblolly Lane in the Orlando suburb of Davenport. Gregory Nalbandian, Kenny Cutler and Josh Odessky of JLL arranged the two-year, floating-rate bridge loan through Timbercreek Capital on behalf of the borrowers, Sovereign Properties and Invest Capital Group. Phase I of Atlantica at Town Center, which was delivered in December 2022, comprises 360 units. The community features one-, two- and three-bedroom units ranging from 683 …

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Axis Kessler Park in Dallas
Affordable HousingInvestment SalesNewsTexas

Partnership Acquires 299-Unit Axis Kessler Park in Dallas

by Channing Hamilton

DALLAS — A partnership consisting of Waterford Property Co., The Vistria Group and the City of Dallas Housing Finance Corp. has acquired Axis Kessler Park, a 299-unit community in Dallas. The property traded hands for $67 million. The new ownership plans to convert the community into workforce housing. Ninety percent of the units will be restricted to households earning between 60 and 140 percent of the area median income. Apartments will come in one-, two- and three-bedroom layouts. Amenities include a pool, clubhouse, fitness center, business center and a dog …

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