News

NHH Berry in Houston
Affordable HousingDevelopmentFinanceNewsTexas

New Hope Housing to Build Two Affordable Communities in Houston with $50 Million in Financing

by Channing Hamilton

HOUSTON — New Hope Housing will break ground on two affordable housing developments in Houston — NHH Gray and NHH Berry — this October. Amegy Bank provided $50 million in financing for the project. NHH Berry will offer 180 one-, two- and three-bedroom apartments. NHH Gray will include 135 units in one- and two-bedroom floor plans. Both communities will host on-site Bezos Academy locations, which will provide free pre-school services to residents. NHH Gray and NHH Berry are scheduled to be completed in July 2025. Income restrictions for the two …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNew JerseyNewsNortheast

The Kislak Co. Brokers $4.1 Million Sale of Two Communities in Elizabeth, New Jersey

by Channing Hamilton

ELIZABETH, N.J. — The Kislak Co. Inc. has negotiated the $4.1 million sale of two properties in Elizabeth, a city in northern New Jersey. The portfolio includes 20 units across two three-story residential buildings. Both buildings rise three stories, and one includes two commercial spaces. Don Baxter and Michael Salomon of Kislak represented the seller in the transaction, and Joni Sweetwood of Kislak procured the buyer. Both parties requested anonymity.

Continue Reading
0 FacebookTwitterLinkedinEmail
Golden Triangle Station in Eden Prairie, Minnesota
Affordable HousingDevelopmentFinanceMidwestMinnesotaNews

JLL Arranges $69 Million in Construction Financing for Golden Triangle Station Near Minneapolis

by Channing Hamilton

EDEN PRAIRIE, MINN. — JLL Capital Markets has arranged $69 million in joint venture equity and construction financing for Golden Triangle Station, a 237-unit development in the Minneapolis suburb of Eden Prairie. A regional bank provided a $47 million construction loan, and Amstar Group provided $22 million in joint venture equity. Josh Talberg, Scott Loving, Matthew Schoenfeldt, Colin Ryan, Dan Linnell and Mox Gunderson of JLL represented the sponsor, Greco and Eagle Ridge Partners. The project is set to break ground this fall. Of the total unit count, 25 percent will …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsTexas

Olive Tree Holdings Completes Renovation of 308-Unit The Life at Beverly Palms in Metro Houston

by Channing Hamilton

PASADENA, TEXAS — An affiliate of Olive Tree Holdings has completed the $4 million renovation of The Life at Beverly Palms, a 308-unit community in the eastern Houston suburb of Pasadena. The Life at Beverly Palms was originally built in 1971. Units come in one-, two- and three-bedroom floor plans. Unit interiors received new paint and windows, while exterior upgrades included refreshed sidewalks, roofs and landscaping. Olive Tree Holdings also updated the amenity spaces, which include a community room, pool, picnic area, laundry center, dog park and playground.

Continue Reading
0 FacebookTwitterLinkedinEmail
The Citadel at Elgin in Houston
Affordable HousingFinanceNewsTexas

The NHP Foundation Secures Funding for 11 Units at The Citadel at Elgin in Houston

by Channing Hamilton

HOUSTON — The NHP Foundation has received $1.5 million in capital grant subsidy funding from The Corp. for Supportive Housing to offset costs incurred for the construction of 11 units of affordable housing at The Citadel at Elgin in Houston. The community opened in the summer of 2023 and is The NHP Foundation’s fifth affordable community in the city. Income restrictions for The Citadel at Elgin were not disclosed. Financing for the project’s development included $15 million of Citibank construction and permanent debt financing with tax exempt bonds issued by …

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceKansasMidwestNewsPeople News

Northmarq Kansas City Office Adds Joe Heinzler as Vice President

by Channing Hamilton

KANSAS CITY, KAN. — Northmarq has hired Joe Heinzler as vice president to the firm’s Kansas City debt and equity team. In this role, Heinzler will facilitate debt and equity placements for investors and lenders including Freddie Mac, Fannie Mae, life insurance companies and banks. He will work alongside Senior Vice President Greg Duvall and Vice President John Duvall. Before joining Northmarq, Heinzler spent two years as a commercial relationship manager with North American Savings Bank. Prior to this, he an office broker with Kessinger Hunter & Co. He received …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNewsSouth CarolinaSoutheast

Harbor Group International Acquires Artisan Carolina Forest in Myrtle Beach, South Carolina, for $64.4 Million

by Channing Hamilton

MYRTLE BEACH, S.C. — Harbor Group International has purchased Artisan Carolina Forest, a 276-unit community in Myrtle Beach, for $64.4 million. Northmarq’s John Currin and Andrea Howard brokered the transaction. Artisan Carolina Forest was built in 2022. The community offers amenities such as a pool with a TV lounge and cabanas, a dog park, EV charging stations, a fitness center with a yoga room and co-working spaces.

Continue Reading
0 FacebookTwitterLinkedinEmail
IndianaInvestment SalesMidwestNews

Marcus & Millichap Brokers $51 Million Sale of Villas of Jeffersonville in Jeffersonville, Indiana

by Channing Hamilton

JEFFERSONVILLE, IND. — Marcus & Millichap has arranged the $51 million sale of Villas of Jeffersonville, a 264-unit complex in the Louisville, Kentucky-suburb of Jeffersonville. David Badgett of Marcus & Millichap represented the seller, Denton Floyd Real Estate Group, and procured the buyer, Peach Blossom LLC. Josh Caruana, Marcus & Millichap’s broker of record in Indiana, assisted in closing the transaction. Villas of Jeffersonville was built in 2020. According to the property website, amenities include a clubhouse, fitness center, playground, dog park, pet spa, a pool, picnic area, volleyball court, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Maunakea in Honolulu
Affordable HousingHawaiiInvestment SalesNewsWestern

Public-Private Partnerships Acquires 379-Unit Affordable Housing Community in Honolulu

by Channing Hamilton

HONOLULU — A public-private partnership consisting of Standard Communities, Stanford Carr Development, the State of Hawaii, the U.S. Department of Housing and Urban Development, the City of Honolulu and the Hawaii Housing Finance & Development Corp. has acquired Maunakea, a 379-unit affordable community in Honolulu. According to Standard Communities, this is the largest FHA deal and largest Project-Based Section 8 transaction in Hawaii state history. The deal extends the affordability of all units at the property for 20 years. Maunakea was built in 1977 and renovated in 2000. Units come …

Continue Reading
0 FacebookTwitterLinkedinEmail
Millennium Edina in Edina, Minnesota
Investment SalesMidwestMinnesotaNews

JLL Brokers $74.7 Million Sale of Millennium Edina in Minneapolis Suburb

by Channing Hamilton

EDINA, MINN. — JLL Capital Markets has arranged the sale of Millennium Edina, a 227-unit mid-rise community in the Minneapolis suburb of Edina. A private investor acquired the asset from a joint venture between Dakota Pacific Real Estate and Landmark Cos. for $74.7 million. JLL worked on behalf of the new owner to secure the financing. The loan will be serviced by JLL Real Estate Capital, a Fannie Mae DUS lender. Millennium Edina was built in 2021. The property offers features studio, one-, two- and three-bedroom units. Amenities include a game room, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.