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Jasper Columbia Pike in Arlington, Virginia
Investment SalesNewsSoutheastVirginia

Northmarq Brokers Sale of Jasper Columbia Pike in Arlington, Virginia

by Channing Hamilton

ARLINGTON, VA. — Penzance has acquired Jasper Columbia Pike in Arlington for an undisclosed price. Chris Doerr, Will Harvey and Shack Stanwick of Northmarq’s Mid-Atlantic investment sales team brokered the deal. Jasper Columbia Pike offers 269 units in studio, one- and two-bedroom floor plans. Amenities include a golf simulator room, pool with cabanas, outdoor courtyard with barbeque grills, pool and shuffleboard tables, a clubhouse, business center and a fitness center with cardio and strength training equipment.

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FloridaInvestment SalesNewsSoutheast

Blaze Capital Partners Acquires 203-Unit Integra Lakes Near Orlando, Florida

by Channing Hamilton

CASSELBERRY, FLA. — Blaze Capital Partners has purchased Integra Lakes, a 203-unit community in the northeast Orlando suburb of Casselberry. The community was built in 2017 and comprises four buildings. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool and an outdoor cabana area with a fire pit, barbeque grills and TVs. Blaze Capital Partners plans to renovate the community with updates to unit interiors and common areas.

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The Helm in San Diego
Affordable HousingCaliforniaDevelopmentNewsWestern

Affirmed Housing Completes 77-Unit Mixed-Income The Helm in San Diego

by Channing Hamilton

SAN DIEGO — Affirmed Housing has finished developing The Helm, a mixed-income community in San Diego’s Cortez Hill neighborhood. The Helm offers 77 studio units and one two-bedroom manager apartment across seven stories. Of the total unit count, 32 are affordable to tenants earning 30 percent of the area median income (AMI), four to those earning 60 percent AMI and the remaining 41 are for households earning 80 percent AMI. The 30 percent AMI studios receive project-based vouchers, which are issued by the San Diego Housing Commission. The property also includes …

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Pathside in Jersey City, New Jersey
DevelopmentFinanceNew JerseyNewsNortheast

JLL Arranges $193 Million Loan to Construct High-Rise Building in Jersey City, New Jersey

by Channing Hamilton

JERSEY CITY, N.J. — JLL has arranged a $193 million loan for the construction of Pathside, a 605-unit high-rise community in the New York City suburb of Jersey City. The property will be built in Jersey City’s Journal Square neighborhood. Pathside will feature studio, one-, two- and three-bedroom apartments, as well as 3,200 square feet of ground-floor commercial space. The borrower, Panepinto Properties Inc., plans to deliver Pathside in the second quarter of 2026. Thomas Didio, Thomas Didio Jr., Gerard Quinn and Salvatore Buzzerio of the debt advisory team at JLL …

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CityHouse Ashburn Station in Ashburn, Virginia
DevelopmentInvestment SalesNewsSoutheastVirginia

AREP, GreenBarn Acquire Build-to-Rent Development Site in Ashburn, Virginia, for $120 Million

by Channing Hamilton

ASHBURN, VA. — A partnership between American Real Estate Partners (AREP) and GreenBarn Investment Group has acquired a development site in the Northern Virginia city of Ashburn, approximately 30 miles west of Washington, D.C. Dream Finders Homes sold the property to the partnership for $120 million. The site is approved for the construction of 200 build-to-rent homes. The community will be called CityHouse Ashburn Station. According to the property website, CityHouse Ashburn Station will offer three-bedroom units with an average size of 2,000 square feet. Amenities will include sports courts, …

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Aquino in San Jose, California
CaliforniaCompany NewsFinanceNewsWestern

Urban Catalyst Launches New Fund to Develop 272-Unit Project in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — Urban Catalyst has launched a new fund, UC Multifamily Equity I LLC (UCME), focused on the development of a 272-unit building in San Jose. The property, called Aquino, will offer studio, one-, two-, and three-bedroom apartments. Amenities will include private co-working offices, a bar and lounge, a fitness center with a yoga studio, a dog run and a courtyard. Urban Catalyst has structured UCME as a real estate operating company, which allows it to accept funding from qualified retirement accounts such as IRAs and 401(k) plans.

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Casa Verde in San Diego
CaliforniaDevelopmentFinanceNewsWestern

JLL Arranges $28 Million in Financing for Casa Verde in San Diego

by Channing Hamilton

SAN DIEGO — JLL Capital Markets has arranged $28 million in construction take-out financing for Casa Verde, a 94-unit community in San Diego’s North Park neighborhood. Olga Walsh and Jack Wood of JLL led the team that secured the non-recourse floating-rate bridge loan on behalf of the borrower, Champion Real Estate Investments. The new loan retired a high-leverage construction loan, covered transaction costs and carry reserves, and provided significant cash out to the sponsor while allowing sufficient time for stabilization in anticipation of permanent financing. Casa Verde offers studio and one-bedroom …

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Avilla Palomino in Glendale, Ariz.
ArizonaBuild-to-RentDevelopmentNewsWestern

NexMetro Communities, Mosaic Break Ground on Build-to-Rent Community in Glendale, Arizona

by Channing Hamilton

GLENDALE, ARIZ. — NexMetro Communities has broken ground on Avilla Palomino, a 197-unit build-to-rent community in the Phoenix suburb of Glendale. Mosaic is the general contractor for the development. Avilla Palomino will offer duplex and single-family detached units across an 18-acre site. Units will come in one-, two- and three-bedroom floor plans. Amenities include a pool with a spa, shaded pavilion, barbeque areas and a dog park with a dog wash station. A construction timeline for the project was not disclosed.

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ArizonaInvestment SalesNewsWestern

Olympus Property Acquires 111-Unit Trailside Apartments in Flagstaff, Arizona

by Channing Hamilton

FLAGSTAFF, ARIZ. — Olympus Property has acquired Trailside Apartments, a 111-unit community in Flagstaff, for an undisclosed price. Trailside Apartments was built in 2020 and was built by Chason Affinity Cos. Units come in studio, one- and two-bedroom floor plans, ranging from 463 to 951 square feet in size. Amenities at Trailside Apartments include a clubhouse, business center, fitness center, steam room and an outdoor fireplace. The property is located less than a mile away from Northern Arizona University, the largest employer in the region.

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Alley Landing in Des Moines, Iowa.
Affordable HousingDevelopmentFinanceIllinoisIowaMichiganMidwestNewsNorth CarolinaSoutheastVirginia

Woda Cooper Cos. Secures $67 Million for Five Affordable Housing Communities Across U.S.

by Channing Hamilton

COLUMBUS, OHIO — Columbus-based Woda Cooper Cos. has secured $67 million in low-income housing tax credits (LIHTC) to support the financing for five affordable housing communities in the Southeast and Midwest U.S. The North Carolina Housing Finance Agency allocated $1.2 million to Pender Crossing, a 48-unit development to be built in Wilson, North Carolina. Pender Crossing will offer one-, two- and three-bedroom units across three buildings. TightLines Designs, headquartered in Raleigh, North Carolina, is the architect for the development. Woda Cooper is partnering with the Keweenaw Bay Indian Community to …

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