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The-Levi-McDonough
DevelopmentGeorgiaNewsSoutheast

Thompson Thrift Opens the Levi in Metro Atlanta

by Lynn Peisner

MCDONOUGH, GA. — Thompson Thrift has opened The Levi, a 212-unit property in the southern Atlanta suburb of McDonough. Move-ins began in August, and full completion is expected in February 2026. The project is located on 15 acres at 1400 Jr. Grant Blvd., about 28 miles from downtown Atlanta, within the 158-acre master-planned Bridges at Jodeco development. Amenities at the gated community include a 24-hour fitness center, a resort-style pool, firepits, a pickleball court, a dog park and pet spa with a grooming station, billiards and shuffleboard. Equity for the …

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Sherry-Freitas-Cushman-and-Wakefield
Company NewsNew YorkNewsNortheastPeople News

Cushman & Wakefield Hires Sherry Freitas to Manage Multifamily Operations

by Lynn Peisner

NEW YORK CITY — Cushman & Wakefield has hired Sherry Freitas as president of asset services in the multifamily division. In this role, Freitas will oversee operations across the country, managing a workforce of more than 4,000 people who serve residential property management clients. Freitas was a member of the board of directors for the Atlanta Apartment Association for 10 years, serving as board chair in 2021.

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Orchard-Place-Apple-Valley
DevelopmentMidwestMinnesotaNews

Trident Breaks Ground on 135-Unit Development in Twin Cities Metro

by Lynn Peisner

APPLE VALLEY, MINN. — Trident Development has begun construction of Orchard Place Apartments in Apple Valley, 20 miles south of Minneapolis. The community’s 135 units will be offered as studios, one-, two- and three-bedroom floor plans, all housed within one four-story building. Amenities at Orchard Place will include a 24-hour fitness center and yoga studio, a sport court, a business center, outdoor gathering spaces, a rooftop patio, a sky lounge and a central courtyard with a firepit and grills. Residents also will have access to a fenced dog park with …

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Mainstreet-Coconut-Creek
DevelopmentFloridaInvestment SalesNewsSoutheast

Joint Venture Closes on $68 Million Land Sale for South Florida Mixed-Use Development

by Lynn Peisner

COCONUT CREEK, FLA. — A joint venture, consisting of Rosemurgy Properties, 13th Floor Homes, Schmier Property Group and Giles Capital Group, has closed on the $68 million purchase of 170 acres in Coconut Creek for the development of Mainstreet, a mixed-use community. Mainstreet will encompass 12 blocks with a projected build-out value at approximately $1 billion. The multi-phase project will include approximately 80,000 square feet of grocery-anchored retail space, dining and civic amenities. The residential component of the Broward County project will consist of 792 apartment units, 414 townhomes, 148 …

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4954-N.-Christiana-Ave-Chicago
IllinoisInvestment SalesMidwestNews

Interra Brokers Sale of Two Apartment Buildings on Chicago’s North Side

by Lynn Peisner

CHICAGO — Interra Realty has arranged the sale of two Chicago properties totaling 34 units. The transactions included a 24-unit community at 4954 N. Christiana Ave. in the Albany Park neighborhood, which sold for $4.5 million, and a 10-unit community located at 4321-23 N. Tripp Ave. in the Old Irving Park neighborhood, which sold for $2.2 million. Interra Managing Partner Craig Martin represented the seller, HP Ventures Group, in both transactions. Martin also represented the buyers: Eloy Burciaga, who purchased 4954 N. Christiana, and John Krumsee, who acquired 4321-23 N. …

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The-Morgan-Jersey-City
FinanceInvestment SalesNew JerseyNewsNortheast

Toll Brothers Sells Jersey City High-Rise

by Lynn Peisner

JERSEY CITY, N.J. — A joint venture that includes Toll Brothers Apartment Living has sold The Morgan at Provost Square to Rockpoint. JLL represented the seller and secured acquisition financing for Rockpoint. Terms of the sale were not disclosed. The Morgan at Provost Square is a 38-story high-rise built in 2016 that includes 417 units in studios and one-, two- and three-bedroom floor plans as well as penthouse units on the top floor. The Morgan at Provost Square is 97 percent occupied. Amenities include a rooftop pool with Manhattan-skyline views, …

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Johnston-Farms-Rock-Hill
Affordable HousingDevelopmentFinanceNewsSouth CarolinaSoutheast

JLL Arranges Financing for Workforce Housing Project Near Charlotte

by Lynn Peisner

ROCK HILL, S.C. — JLL Capital Markets has arranged $32.3 million in construction debt and equity for Tartan Residential’s Johnston Farms project in Rock Hill, 28 miles south of Charlotte, North Carolina. The 120-unit workforce housing community will offer three- and four-bedroom units for renters earning between 50 and 80 percent of area median income. Amenities include fitness and multipurpose rooms, a computer center, a library, coworking space, a playground, a dog park and walking trails. Completion is slated for the second quarter of 2027. The financing consists of a …

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HARMON-Cedar-Run-Lawrenceville
Build-to-RentDevelopmentGeorgiaNewsSoutheast

Crescent Communities Opens North Atlanta BTR Project

by Lynn Peisner

LAWRENCEVILLE, GA. — Crescent Communities has opened HARMON Cedar Run, a build-to-rent (BTR) community in the North Atlanta suburb of Lawrenceville. HARMON is the Charlotte, North Carolina-based developer’s branded BTR product, offered alongside Crescent’s luxury NOVEL brand and RENDER, a portfolio of branded communities designed to serve middle-market renters. HARMON communities are supported through a joint venture partnership with a separate account managed by Heitman, which recently increased its commitment from $235 million to $345 million. HARMON Cedar Run is situated on 38 acres and is comprised of 151 three- …

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Howland-Redwood-City
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $24.4 Million Bay Area Sale

by Lynn Peisner

CASTRO VALLEY AND REDWOOD CITY, CALIF. — The Levin Johnston team of Marcus & Millichap has arranged the $24.4 million sale of two California assets. Park Tower Townhomes & Apartments, a 52-unit community in Castro Valley, and 280 Howland St., an 18-unit property in Redwood City, represented the upleg of a 1031 exchange completed by an undisclosed buyer who disposed of three other properties to complete the transaction. The deal was arranged by Robert Johnston, Adam Levin and Jessica Tomasetti.

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Travis-Purvis
Company NewsInvestment SalesNewsPeople NewsTexas

NorthPeak Commercial Advisors Opens Houston Office

by Lynn Peisner

HOUSTON — NorthPeak Commercial Advisors, a Denver-based brokerage, has opened a branch in Texas. The firm handles asset acquisitions and dispositions, 1031 exchanges, underwriting and advisory services in the multifamily, office, retail and industrial sectors. The team based out of the new Texas office, located in Houston, specializes in multifamily investments and is led by Travis Purvis, a Texas native with a 31-year career in the oil and gas industry. Licensed Texas broker Matt Lewallen and Partner Kevin Calame also will support the new business.

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