News

Park at Valenza
FloridaInvestment SalesNewsSoutheast

BMC Investments Buys 776-Unit Community Near Tampa, Florida

by Channing Hamilton

TEMPLE TERRAE, FLA. — Denver-based BMC Investments has purchased Park at Valenza, a 776-unit complex located at 6900 Aruba Ave. in Temple Terrace, about 10 miles northeast of Tampa. The seller and sales price were not disclosed, as well as BMC’s joint venture partner. A Prime Finance-sponsored fund provided acquisition financing for the deal. Park at Valenza was built in three phases from 1987 to 1996, and features a mix of one-, two- and three-bedroom apartments. Residents have access to amenities such as a lounge, gym, pool, basketball court and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMassachusettsNewsNortheast

TCB Breaks Ground on 43-Unit Affordable Housing Project in Truro, Massachusetts

by Channing Hamilton

TRURO, MASS. — The Community Builders (TCB) has broken ground on Cloverleaf, a 43-unit affordable housing project in Truro, located roughly 100 miles southeast of Boston near the northern tip of Cape Cod. Thirty-nine units will be restricted to households earning between 30 and 100 percent of the area median income. The other four apartments will be rented at market rates. Units will come in one-, two- and three-bedroom formats and will be spread across 10 buildings. TCB is developing Cloverleaf in partnership with Community Housing Resource Inc. and the …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceMidwestNewsOhio

Affinius Capital Originates $73.4 Million Construction Loan for Project in Columbus, Ohio

by Channing Hamilton

COLUMBUS, OHIO — Affinius Capital LLC has originated a $73.4 million loan to finance the development of Rockpointe at Quarry Trails, a 486-unit project in Columbus. Thrive Cos. — a locally based developer, owner and operator — was the borrower. The community will offer units with walk-in closets, granite countertops, vinyl plank flooring, ceramic tile bathroom floors, stainless steel appliances and washers and dryers. Amenities will include a community kitchen, gaming areas, coworking facilities, a pool and cabanas.  Rockpointe at Quarry Trails will comprise the fourth phase of the Quarry …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lake Taylor Pointe Apartments
DevelopmentNewsSoutheastVirginia

Breeden Completes $43 Million Project in Norfolk, Virginia

by Channing Hamilton

NORFOLK, VA. — The Breeden Co. has completed Lake Taylor Pointe Apartments, a 198-unit community located at 1060 Kempsville Road in Norfolk. The property offers carriage house and garden-style buildings. Units come in one-, two- and three-bedroom floor plans ranging from 723 square feet to 1,425, according to Apartments.com. Amenities include a pool, poolside fitness center, outdoor gathering areas, arcade room, electric vehicle charging stations and a bark park. Rental rates for the property begin at $1,750. Breedon Construction served as the general contractor for the $43 million development.

Continue Reading
0 FacebookTwitterLinkedinEmail
The 104
FinanceNewsWashingtonWestern

MainStreet Property Group Receives $19 Million in Refinancing for 115-Unit Community in Bothell, Washington

by Channing Hamilton

BOTHELL, WASH. — MainStreet Property Group has secured a $19 million loan for the refinancing of The 104 in Bothell, roughly 20 miles northeast of Seattle. Seth Heikkila and Bill Maloney of JLL Capital Markets Debt Advisory team secured the five-year, fixed-rate loan through Fannie Mae. JLL Real Estate Capital LLC will service the loan. The 104 features 115 apartments in one- and two-bedroom floor plans, averaging 773 square feet. Units feature stainless steel appliances, walk-in closets and exposed concrete details. Amenities include a lounge with kitchen, a community courtyard, …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Links on PGA Parkway
DevelopmentFinanceNewsTexas

Carbon Cos., Greenway Receive $125 Million in Construction Financing for Project in Frisco, Texas 

by Channing Hamilton

FRISCO, TEXAS — Carbon Cos. and Greenway Investment Co. have received roughly $125 million in construction financing for The Links on PGA Parkway, an apartment community located about 30 miles north of Dallas in Frisco. The debt, which was arranged by the Carbon Cos. internal team, will be used to complete the construction of the final two phases of the four-phase, 38-acre development. The financing includes a syndicated bank loan facility and mezzanine loan. Origin Bank arranged the syndicated bank loan, with participant banks including Simmons Bank, North Dallas Bank …

Continue Reading
0 FacebookTwitterLinkedinEmail
Andrew Leahy, IPA
CaliforniaInvestment SalesNewsPeople NewsWestern

IPA Appoints National Director of Multifamily

by Channing Hamilton

CALABASAS, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has hired Andrew Leahy as senior vice president and national director of IPA’s multifamily division. In this role, Leahy will lead IPA advisory teams across North America. Previously, he led investments for Elme Communities. He has also served with the Rockefeller Group, where he led acquisitions throughout the United States on behalf of domestic and global private equity investors. Leahy began his career as an analyst at The Blackstone Group.

Continue Reading
0 FacebookTwitterLinkedinEmail
Todd Sears, The Annex Group
IndianaMidwestNews

The Annex Group Hires Todd Sears as Chief Operating Officer

by Channing Hamilton

INDIANAPOLIS — The Annex Group has hired Todd Sears as Chief Operating Officer (COO). In this role, Sears will lead the development, construction and property management teams within the Indianapolis-based company. Sears has more than three decades of experience in real estate and finance leadership. He also serves as an adjunct faculty member of Butler University’s Lacy School of Business. CJ Lukaart, who previously served as COO, will also transition to become Chief Legal and Administrative Officer. He will lead the company’s legal, HR, IT and marketing teams.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNew JerseyNewsNortheast

Tower Management Secures $24.2 Million Acquisition Financing for Asset in North Bergen, New Jersey

by Channing Hamilton

NORTH BERGEN, N.J. — Tower Management has received $24.2 million in financing for the acquisition of Hudson Ridge Apartments, a 215-unit asset in North Bergen. The property is situated at 7112-7312 Blvd. E, about eight miles north of New York City.  Built in 1949, Hudson Ridge Apartments offers a mix of studio, one- and two-bedroom units. Apartments include hardwood flooring, stainless steel appliances and oversized closets. Residents have access to outdoor amenities such as picnic areas and garage parking. Thomas Didio, Thomas Didio Jr., Gerard Quinn and Michael Mataras of …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsTexas

Partnership Buys 226-Unit Complex in DeSoto, Texas

by Channing Hamilton

DESOTO, TEXAS — A partnership between RSN Property Group and Monday Properties has acquired Ventura Landings, a 226-unit asset located DeSoto, about 16 miles south of Dallas. Ventura Landings offers one- and two-bedroom units. Amenities include a pool, clubhouse, basketball court and on-site laundry facilities. The property was recently renovated. The new ownership plans to implement additional capital improvements and has already rebranded the property as Eagle Creek Landing. The seller and sales price were not disclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.