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903 Peachtree in Atlanta
DevelopmentGeorgiaLeasing & MarketingNewsSoutheast

CA Ventures Opens 33-Story 903 Peachtree Apartment Tower in Atlanta

by Channing Hamilton

ATLANTA — CA Ventures has opened 903 Peachtree, a 33-story high-rise building in Atlanta’s Midtown neighborhood. The development team also includes Diamond Realty Investments and Cartel Properties. Cartel Properties is both a development partner and is leading the retail leasing assignment on behalf of the ownership group. Lincoln Property Co. is the property manager. 903 Peachtree offers 427 units in studio, one-, two- and three-bedroom floor plans, as well as 9,000 square feet of retail space. Units feature stainless steel appliances, in-unit washers and dryers, floor-to-ceiling windows and private balconies …

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FinanceInvestment SalesNewsTexas

Greystone Arranges $20.9 Million Loan to Acquire Affordable Community Near Houston

by Channing Hamilton

PESADENA, TEXAS — Greystone has arranged a $20.9 million Fannie Mae multifamily affordable housing loan for the acquisition of Parkside Place, a garden-style affordable community in the Houston suburb of Pasadena. The borrower was not disclosed. Michael Zampetti originated the loan. Parkside Place comprises 321 apartments across 27 buildings on an 11.3-acre site. The property was consisted in 1969 and was renovated in 2018. Amenities include two pools, a laundry facility, business center, and private patios. Income restrictions for the community were not disclosed.

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ConnecticutFinanceNewsNortheast

Greystone Brokers $11 Million Refinance for The Kennedy Building Near New Haven, Connecticut

by Channing Hamilton

MERIDEN, CONN. — Greystone has arranged an $11 million loan through Fannie Mae to refinance The Kennedy Building in Meriden, a city located halfway between New Haven, Connecticut, and Hartford, Connecticut. Dan Sacks originated the financing on behalf of Kennedy Holdings LLC. The loan features a ten-year term and 30-year amortization, with seven years of interest-only payments. The Kennedy Building was constructed in 1921. The building rises five stories and offers studio, one- and two-bedroom apartments.

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Affordable HousingCompany NewsDevelopmentFloridaNewsSoutheast

Atlantic Pacific Companies, CTIS Partners to Develop 616-Unit Atlantic Station in Miami

by Channing Hamilton

MIAMI — Atlantic Pacific Companies and GTIS Partners have formed a joint venture to invest in the ongoing development of Atlantic Station, a high-rise project in Miami. Atlantic station will rise 36 stories on a 2.1-acre site. The building will offer 616 apartments, 25,000 square feet of retail space and a 624-space parking garage. Of the total unit count, 360 will be affordable, although exact income restrictions were not disclosed. Amenities will include a recreation deck with two pools, a gym, picnic areas, a dog park and co-working spaces. Vertical …

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DevelopmentIllinoisMidwestNewsPeople News

JLL Property Management Hires Lewis Taulbee as Managing Director of Asset Resolutions

by Channing Hamilton

CHICAGO — JLL Property Management has hired Lewis Taulbee as a managing director of asset resolutions. In this role, Taulbee will lead JLL’s Chicago-based receivership team in providing special servicers, lenders, bond holders, investors and others with a channel of interdisciplinary asset resolutions. He previously served as JLL’s director of business development for two years. Prior to joining JLL, he held positions with Starwood Capital, CompassRock Real Estate and Simon Property Group. He is a currently standing member of Innovative Commerce Serving Communities, Commercial Real Estate Finance Council and Building …

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Investment SalesNewsNorth CarolinaSoutheast

Bell Partners Acquires Vintage Jones Franklin in Raleigh, North Carolina

by Channing Hamilton

RALEIGH, N.C. — Bell Partners has acquired Vintage Jones Franklin, a 277-unit complex in Raleigh. The asset was acquired on behalf of Bell Core Fund I investors and will be rebranded as Bell Jones Franklin. Completed in 2022, Bell Jones Franklin offers studio, one-, two- and three-bedroom floor plans. Amenities include a fitness center, pet park, clubhouse and a pool with cabanas. The property is located between suburban Cary and downtown Raleigh, and is in proximity to 280 entertainment and retail locations within a three-mile radius.

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Dolphin Square in Miami
DevelopmentFloridaInvestment SalesNewsSoutheast

Avison Young Brokers $38 Million Sale of Dolphin Square Development Site in Miami

by Channing Hamilton

MIAMI — Avison Young has arranged the sale of a 7.9-acre development site at 1556 110th Ave. in Miami. Boca Raton, Fla.-based Procacci Development Corp. sold the asset for $38 million. The buyer was not disclosed. David Duckworth, Michael Fay, John Crotty, Brian de la Fé and Wayne Schuchts of Avison Young arranged the transaction on behalf of the seller. The site is approved for a 690-unit, 10-story project called Dolphin Square. Leo A Daly designed the current site plan for the project, which is located near Dolphin Mall.

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DevelopmentFinanceIllinoisMidwestNews

Wells Fargo Arranges $145 Million in Construction Financing for Porte Apartments in Chicago

by Channing Hamilton

CHICAGO — Wells Fargo’s Multifamily Capital group has brokered $145 million in construction take-out financing for Porte Apartments, a 586-unit complex in Chicago’s West Loop. The loan features a five-year term at a fixed interest rate. Intercontinental Real Estate Corp. was the borrower. Porte Apartments was built in 2020 at 845 W. Madison St. The community offers units ranging from 557 to 1,396 square feet in size. Amenities include a pool, resident lounge, fitness center, work-from-home stations, dog wash areas and private gaming spaces. Ten percent of the units are …

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FinanceNew YorkNewsNortheast

Greystone Arranges $18.3 Million to Refinance Brooklyn Community

by Channing Hamilton

NEW YORK CITY — Greystone has brokered an $18.3 million Fannie Mae delegated underwriting and servicing loan to refinance a property at 400 Herkimer St. in Brooklyn, New York. The property was built in 1965 on 18 acres of land. The six-story building offers 154 units in studio, one-, two- and three-bedroom layouts. Anthony Cristi of Greystone originated the loan, which includes a 10-year term and 30-year amortization.

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ArizonaDevelopmentNewsWestern

Mill Creek Residential Breaks Ground on Modera Rio Salado in Tempe, Arizona

by Channing Hamilton

TEMPE, ARIZ. — Mill Creek Residential has broken ground on Modera Rio Salado in the Tempe neighborhood of Tempe Town Lake. Located at 835 W. Rio Salado Pkwy., Modera Rio Salado will offer 319 apartments in one-, two- and three-bedroom layouts. The property also includes 14,000 square feet of interior amenity space, including a pool deck, fitness center, lobby with a fireplace lounge area, bar, resident lounge, clubroom and co-working spaces. The community will also feature an outdoor dog run and a combined pet and bicycle wash facility, as well as …

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