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Staci Court Apartments in Redlands, California
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $53.4 Million Sale of Three Properties in Southern California

by Channing Hamilton

RIALTO, CORONA AND REDLANDS, CALIF. — Marcus & Millichap has arranged the $53.4 million sale of a three-property multifamily portfolio in the Inland Empire region of Southern California. Alexander Garcia and Bill Roblero represented the buyer, Clear Capital LLC. The portfolio includes: Rialto Breeze Apartments, a 98-unit asset in Rialto; Parkview Manor Apartments, a 76-unit property in Corona; and 60-unit Staci Court Apartments in Redlands. Rialto Breeze Apartments was built in 1985 on five acres. The community includes amenities such as a pool and laundry facilities. Parkview Manor Apartments was …

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CaliforniaInvestment SalesNewsPeople NewsWestern

Blake Rogers and Alex Caniglia Return to JLL Capital Markets

by Channing Hamilton

LOS ANGELES — Blake Rogers and Alex Caniglia have re-joined JLL Capital Markets as multifamily investment sales producers. Rogers will serve as a senior managing director in the Los Angeles office and lead the greater Southern California multifamily team. He will also join the National Multifamily Housing Council. Caniglia will join as a Managing Director in the San Diego office. Both Rogers and Caniglia spent the last three years with Walker & Dunlop, focusing on multifamily investment sales throughout Southern California. Prior to those roles, they both worked at JLL …

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CaliforniaNewsPeople NewsWestern

Michael Wesson Rejoins Pearlmark as Managing Director

by Channing Hamilton

IRVINE, CALIF. — Michael Wesson has rejoined Pearlmark as a managing director. In this role, Wesson will focus on debt investment originations. He also opened Pearlmark’s office in Irvine. Wesson joins Pearlmark from CIBC, where he held numerous roles across nine years in New York and Newport Beach. Prior to working at CIBC, Mr. Wesson served as a vice president at Rockwood Real Estate Advisors. He is returning to Pearlmark, where he started as an analyst and rose to vice president prior to joining Rockwood. He received a Bachelor of …

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Haven at Midtown in Phoenix
ArizonaInvestment SalesNewsWestern

WhiteHaven Acquires Clarendon Park Apartments in Phoenix for $37 Million

by Channing Hamilton

PHOENIX — WhiteHaven has purchased Clarendon Park Apartments, a 138-unit community in Phoenix, for $37 million. The company rebranded the property as Haven at Midtown. Built in 2002, Haven at Midtown offers studio, one- and two-bedroom units. Amenities include a pool with a grilling area, a gym, internet access, a dog park, garages and covered parking. Greystar will be the property manager for this asset.

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Dutch House in New York City
FinanceNew YorkNewsNortheast

Slate Property Group Secures $85 Million Refinancing for Dutch House in New York City Suburb

by Channing Hamilton

NEW YORK CITY — Slate Property Group has secured an $85 million refinancing for Dutch House, a mixed-use development in the New York City neighborhood of Long Island City. PCCP is the lender for the financing package. Developed by Slate Property Group and Avenue Realty Capital in 2022, Dutch House offers 186 rental units, as well as 21,000 square feet of ground-floor retail space. Units come in studio, one- and two-bedroom layouts. Amenities include a lobby with concierge service, a modern fitness center, bike storage, recreation room with a pool table …

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The unnamed redevelopment of the Landers, Frary & Clark plant in New Britain, Connecticut
Affordable HousingConnecticutDevelopmentFinanceNewsNortheast

WinnDevelopment Breaks Ground on $85 Million Adaptive Reuse Project in New Britain, Connecticut

by Channing Hamilton

NEW BRITAIN, CONN. — WinnDevelopment has broken ground on a $85 million project to convert a historic manufacturing complex in New Britain into a 154-unit community. Keith Construction is the general contractor. JCJ Architecture is the architect. Collective Design Associates and Langan Engineering and Environmental Services are providing engineering services. Bank of America provided a construction loan and more than half of the project’s funding through its investment in the low-income housing and historic tax credits generated by the development. The Connecticut Department of Housing provided $4 million in funding …

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Vista Ridge Apartments in Reno, Nevada
Investment SalesNevadaNewsWestern

Marcus & Millichap Brokers $76 Million Sale of Vista Ridge Apartments in Reno, Nevada

by Channing Hamilton

RENO, NEV. — Arthur Vista Ridge has sold Vista Ridge Apartments, a 324-unit asset in Reno, to Tilden Properties and IDEAL Capital Group for $76 million. Kenneth Blomsterberg, Ryan Rife and Daniel Winrod of Marcus & Millichap represented the seller and procured the buyer. Vista Ridge Apartments was built in 1996 on 19 acres. The community offers one-, two- and three-bedroom apartments. Units feature vaulted ceilings, and washers and dryers. Amenities include a fitness center, business center, pool and tennis and basketball courts. 

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Axis @ Davis in Davis, California
CaliforniaDevelopmentFinanceNewsWestern

JLL Arranges Equity for 200-Unit Axis @ Davis in Davis, California

by Channing Hamilton

DAVIS, CALIF. — JLL Capital Markets has arranged joint venture equity for the construction of Axis @ Davis, a 200-unit community in Davis. Axis @ Davis will comprise five residential buildings, as well as 1,500 square feet of ground floor retail space. Units will come in one-, two- and three-bedroom layouts. Amenities will include a top-floor lounge, pool with a spa, pet park, package room, game room and study rooms with a coffee bar and private offices. Axis @ Davis will be located one mile from the University of California, Davis …

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DevelopmentNew YorkNewsNortheast

NRP Group, RPW Group Opens The Halden in White Plains, New York

by Channing Hamilton

WHITE PLAINS, N.Y. — The NRP Group and RPW Group have opened The Halden, a 303-unit community in White Plains. The Halden comprises three apartment buildings across a 70-acre site. The property is adjacent to a 620,000-square-foot office building that was previously the world headquarters of IBM. Units come in one-, two- and three-bedroom layouts and include features such as quartz countertops, backlit bathroom mirrors, plank flooring, stainless steel appliances and in-unit washers and dryers. Amenities include a gym, pool, bike storage room, children’s playroom, package concierge, co-working spaces and …

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Wynhouse Miami in Miami
DevelopmentFinanceFloridaNewsSoutheast

Fisher Brothers Breaks Ground on $117.5 Million Mixed-Use Development in Miami

by Channing Hamilton

MIAMI — Fisher Brothers has broken ground on Wynhouse Miami, a 308-unit mixed-use development located in the Wynwood neighborhood of Miami. JP Morgan Chase and affiliates of Canyon Partners provided $117.5 million for the project. Suffolk Construction is building the community. Other members of the development team include Rockwell Group, Nichols Architects and ID & Design International. Wynhouse Miami will offer units in studio, one- and two-bedroom layouts. Amenities will include a fitness center, green space, co-working and entertainment lounges, an expo kitchen, a rooftop pool and outdoor entertainment space. The property …

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