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The Victoria in New York City
FinanceNew YorkNewsNortheast

Walker & Dunlop Arranges $148 Million Refinancing for The Victoria in Harlem

by Channing Hamilton

NEW YORK CITY — Walker & Dunlop (NYSE: WD) has arranged the $148 million refinancing of The Victoria, a mixed-use property in the Harlem neighborhood of Upper Manhattan. The project was constructed around the neighborhood’s historic Victoria Theater. According to Walker & Dunlop, The Victoria is the tallest building in Harlem.  The Victoria comprises 191 apartments, as well as 23,000 square feet of retail space, a 211-room Marriott-branded hotel and 52 below-grade parking spaces. The 30-story building was completed in the third quarter of 2023. Aaron Appel, Keith Kurland, Jonathan …

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ColoradoInvestment SalesNewsWestern

Kaufman Hagan Commercial Real Estate Brokers $5.1 Million Sale of Lowry Pines Apartment Complex in Denver

by Channing Hamilton

DENVER — Kaufman Hagan Commercial Real Estate has arranged the sale of Lowry Pines, a 34-unit property located at 835 S. Quebec St. in Denver. The asset traded for $5.1 million. Lowry Pines features amenities such as an interior courtyard. Andrew Vollert and Brandon Kaufman of Kaufman Hagan Commercial Real Estate represented the undisclosed seller in the deal. The identity of the buyer was also not disclosed.

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ConnecticutInvestment SalesNewsNortheast

Chozick Realty Arranges $12.9 Million Sale of 176-Unit Portfolio in Hartford, Connecticut

by Channing Hamilton

HARTFORD, CONN. — Locally based Chozick Realty has brokered the $12.9 million sale of a portfolio of eight buildings totaling 176 units in Hartford. The properties are all located near the Aetna Insurance campus in Hartford’s downtown area. Approximately half of the units were recently renovated. Steve Pappas and Jordan Pinto of Chozick Realty represented the seller and procured the buyer in the deal. Both parties were regional investment firms.

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OC Living in Chicago
DevelopmentIllinoisMidwestNews

Habitat Opens First Apartment Building at $200 Million Mixed-Use Development in Chicago

by Channing Hamilton

CHICAGO — Locally based developer and property manager Habitat has opened OC Living, the first residential community at Ogden Commons, a $200 million mixed-use development in Chicago’s North Lawndale neighborhood.  Located at 1325 S. Washtenaw Ave., OC Living consists of one four-story building housing 92 units across four stories. Ninety percent of apartments are set aside as affordable housing. Income restrictions for these units were not disclosed. The unit mix includes 23 studios, 60 one-bedroom units and nine two-bedroom apartments. Community amenities include a rubber-surfaced children’s lot with play structures, …

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Alta Westover Hills in San Antonio
DevelopmentNewsTexas

Wood Partners Breaks Ground on 312-Unit Alta Westover Hills in San Antonio

by Channing Hamilton

SAN ANTONIO — Atlanta-based Wood Partners has broken ground on Alta Westover Hills, a 312-unit development on San Antonio’s west side. Wood Partners is developing the project in partnership with German investment firm EIG EuroInvestor. Alta Westover Hills will offer one-, two- and three-bedroom floor plans. Units will feature stainless steel appliances, granite countertops, tile backsplashes, custom cabinets and full-sized washers and dryers. Planned amenities include a pool, clubroom, fitness center, business center, conference and entertainment spaces, outdoor kitchen and dining areas and a dog park. Construction is slated to …

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544 South Sixth Street in San Jose, California
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Arranges $4.3 Million Sale of 10-Unit Property in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of a 10-unit property located at 544 South Sixth Street in San Jose. The property sold for $4.3 million. Eymon Binesh, Adam Levin and Robert Johnston of Marcus & Millichap’s Palo Alto office marketed the property on behalf of the seller, a limited liability company. The community was originally built in 1969 on a 11,868 square-foot parcel of land. All units come in two-bedroom layouts and include washers and dryers. The community was recently renovated with new wood flooring, stainless …

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Georgetown Crossing in Savannah, Georgia
GeorgiaInvestment SalesNewsSoutheast

Peach Hill Capital, RK2 Property Group Acquire Georgetown Crossing in Savannah, Georgia for $25.6 Million

by Channing Hamilton

SAVANNAH, GA. — A joint venture between Peach Hill Capital and RK2 Property Group has acquired Georgetown Crossing, a 168-unit community in the Georgetown neighborhood of Savannah. The asset traded hands in an off-market transaction for $25.6 million. Mark Boyce and Blake Coffey of Berkadia represented the undisclosed seller in the deal. Georgetown Crossing was built in 1994. Located at 1015 King George Boulevard, the property comprises seven three-story residential buildings surrounding a clubhouse and a pool. Units come in one- and two-bedroom layouts. Other amenities include a series of …

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The Jade at Frisco in Frisco, Texas
Investment SalesNewsTexas

MLG Capital Acquires 424-Unit The Jade at Frisco Near Dallas

by Channing Hamilton

DALLAS — MLG Capital has acquired The Jade at Frisco, a 424-unit property in the northern Dallas suburb of Frisco. The garden-style community is located at 16220 Phoebe Road, adjacent to Craig Ranch, a 400-acre master-planned development. Amenities include a pool with sundeck and cabanas, fitness and yoga facilities, game room and EV charging stations. According to the property website, units come in one-, two- and three-bedroom floor plans.

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75 Glenwood Ave. in Yonkers, New York
Investment SalesNew YorkNewsNortheast

Redwood Realty Advisors Brokers $2.6 Million Sale of 18-Unit Portfolio in Yonkers, New York

by Channing Hamilton

YONKERS, N.Y. — Redwood Realty Advisors has arranged the $2.6 million sale of an 18-unit portfolio in Yonkers. The portfolio comprises eighteen units across multiple buildings at 53 & 74-76 Glenwood Ave. Michael Scrima and Thomas Gorman of Redwood Realty Advisors represented both the buyer and seller in the deal. Neither party’s name was disclosed. 

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CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $3.5 Million Sale of 14-Unit Property in Los Angeles

by Channing Hamilton

LOS ANGELES — Marcus & Millichap has arranged the $3.5 million sale of a development currently underway in the Echo Park neighborhood of Los Angeles. The property is situated at 319 N Westlake Ave. and will comprise fourteen units, once completed. A construction timeline for the project was not disclosed. Jason Tuvia of Marcus & Millichap’s Encino office brokered the deal on behalf of the undisclosed seller. The buyer was also not disclosed.

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