JACKSONVILLE, FLA. — Trevato Development Group has refinanced The Station at San Marco, a 345-unit project in the San Marco neighborhood of Jacksonville. An undisclosed insurance company funded the $78 million loan to take out construction debt. The property was completed in 2024 and is located at 1230 Hendricks Ave. Trevato is a sister company to Jacksonville-based multifamily developer Block One Ventures.
EAST ORANGE, N.J. — Locally based ICON Real Estate Advisors has arranged the sale of a 26-unit property at 76 E. Park St. in East Orange, N.J. The asset traded between two LLCs for approximately $2.6 million. The deal was completed by David Oropeza, who advised the seller on the purchase more than 20 years prior. The seller was also advised by attorney Khoren Bandazian of Giordano, Halleran & Ciesla. The property comprises a two-story, 26-unit garden style building.
ATLANTIC CITY, N.J. — WinnDevelopment has begun a $33 million renovation at Garden Court Apartments in Atlantic City, a 177-unit, 20-building complex that has been housing much of the city’s workforce since it was constructed in 1985. WinnCos. secured Low-Income Housing Tax Credit equity through the New Jersey Housing and Mortgage Financing Agency, which will enable the units to remain affordable to renters earning no more than 80 percent of area median income for the next 45 years. Boston Financial Management purchased the tax credits. The scope of work includes …
TUCSON, ARIZ. — Institutional Property Advisors (IPA) has arranged the sale of River Oaks, a 300-unit property in Tucson. Neither the sales price, buyer nor seller were disclosed. IPA’s Clint Wadlund and Hamid Panahi represented the seller and procured the buyer. River Oaks is located in East Tucson on Broadway Boulevard. The property was developed on 10 acres in 1982. Units are offered as studio, one- and two-bedroom units. Amenities include a stand-alone clubhouse, two pools, a playground and three laundry facilities.
PARAMUS, N.J. — Mill Creek Residential has broken ground on Modera Garden State Plaza, a mixed-use community in Paramus. Two separately branded residential buildings will contain a total of 575 units as well as 48,000 square feet of ground-floor retail space. The community will serve as a residential component of the redevelopment of Unibail-Rodamco-Westfield’s Garden State Plaza mall. Amenities will include a rooftop deck, resort-style pool, sauna, outdoor kitchen and dining space, grilling areas, fire pits, landscaped courtyards, resident clubhouse, coffee bar, game room, pool table and a fitness center …
COLUMBIA, MD. — Enterprise Community Partners, a national nonprofit affordable housing developer, has hired Kim Darga as vice president and New York market leader. In this role, Darga will lead Enterprise’s work across New York State, including New York City. Prior to joining Enterprise, Darga most recently served as deputy commissioner for the Office of Development at the New York City Department of Housing and Preservation (HPD), the municipal housing agency serving the five boroughs of the New York City metro area. Darga worked for HPD for 18 years in …
NEW YORK CITY — Global Holdings and MAG Partners have formed a joint venture to develop a ground-up project in Manhattan’s Hudson Square neighborhood at 122 Varick St. The 149-unit residential tower is being developed under a long-term ground lease with Trinity Church. The development will comprise approximately 192,000 square feet, including about 5,000 square feet of ground-floor retail. The project is being built under the 485-x program, which provides tax breaks to developers of buildings with six or more units that include affordable housing. Specific rent restrictions were not …
POOLER, GA. — Thompson Thrift has opened The Liliana, a 360-unit development in the Savannah, Georgia, suburb of Pooler. Move-ins began in July of 2025 while construction wrapped up in April of 2026. The project is situated on 23 acres and includes one-, two- and three-bedroom units and amenities such as a fitness center, resort-style pool, electric firepits with seating area, a pickleball court and a dog park. Some units include a private yard, patio or balcony.
PLANO, TEXAS — Dallas-based Rosewood Property Co. and development partner MetLife Investment Management have begun leasing at The Buckley, a 338-unit community located at 600 Kissimmee Drive within Plano’s Heritage Creekside mixed-use development. The four-story mid-rise is comprised of studios, one-, two- and three-bedroom units and amenities such as a resort-style pool, multiple lounge areas, a club lounge and card room, a fitness center with individual workout pods, coworking areas within a library setting, a dog park and courtyards. The 156-acre Heritage Creek was also developed and is owned by …
PEORIA, ARIZ. — Marcus & Millichap has arranged the $45.9 million sale of Grandstone at Sunrise, a 140-unit build-to-rent community in the northwest Phoenix suburb of Peoria. Terre Haute, Indiana-based Thompson Thrift was the seller, having developed the property in 2021. The Phoenix Business Journal reports the buyer to be MetLife Investment Management. The sales price equates to $327,500 per unit. Steve Gebing and Cliff David with Institutional Property Advisors, a division of Marcus & Millichap, represented Thompson Thrift in the transaction. Grandstone at Sunrise is comprised of 70 residential …