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Dana-Caudell
MarylandNewsNortheastPeople News

Dana Caudell Joins Continental Realty as EVP of Multifamily Operations

by Lynn Peisner

BALTIMORE — Dana Caudell has been appointed executive vice president and head of multifamily operations for Baltimore-based Continental Realty Corp. (CRC). In this role, Caudell will oversee operations of a portfolio comprising more than 10,000 apartment homes across 38 communities throughout the Mid-Atlantic and Southeast regions. CRC is an investment and property management company active in 14 states with a portfolio valued at approximately $4.2 billion. Caudell joins CRC from Pegasus Residential, where she served as chief strategy officer. Previously, she spent six years as president of The Bainbridge Cos., …

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THE-CHARLEY
DevelopmentMassachusettsNewsNortheastOperations

Berkeley Investments Opens The Charley in Boston

by Lynn Peisner

BOSTON — Locally based Berkeley Investments has opened The Charley, a 103-unit development in Boston’s Allston neighborhood. The six-story property, built to LEED Gold standards, offers units as studios and one-, two- and three-bedroom floor plans. Units feature quartz countertops, washers and dryers and Wi-Fi-enabled appliances and heating and cooling controls. Monthly asking rents range from $2,490 to $4,999. Amenities include garage parking with electric vehicle chargers, bike parking, a dog park, a pet wash and grooming area, a lounge, coworking spaces, a coffee bar, rooftop deck with fire pits, …

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The-Haywood-Greenville
Affordable HousingInvestment SalesNewsSouth CarolinaSoutheast

Comunidad Partners Buys The Haywood in Greenville

by Lynn Peisner

GREENVILLE, S.C. — Comunidad Partners, an Austin, Texas-based workforce housing investment firm, has acquired The Haywood, a 234-unit property located at 100 Gloucester Ferry Road in Greenville. The seller and sales price were not disclosed. Comunidad is planning renovations that will update interiors, improve curb appeal and upgrade amenities.

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2609-Elliot-Avenue
Investment SalesNewsSoutheastVirginia

8th Floor Holdings Buys Virginia Townhome Portfolio for $3.3 Million

by Lynn Peisner

PORTSMOUTH, VA. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the sale of a two-property portfolio in Portsmouth. The properties are 311-315 North Street, with 11 townhouses, and Beacon Townhomes, with 18 units located at 2609 Elliott Ave. 8th Floor Holdings LLC acquired the assets from Beacon Townhomes LLC for $3.3 million as part of a 1031 exchange. Clark Simpson and Erik Conradi of Thalhimer’s Capital Markets Group in Virginia Beach represented the seller.

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700-Locust-Pasadena
CaliforniaInvestment SalesNewsWestern

Pasadena Property Trades for $22 Million

by Lynn Peisner

PASADENA, CALIF — CBRE has brokered the $22 million sale of ALUR Apartments, a 51-unit community located at 700 Locust St. in Pasadena. The property was acquired by ADC Real Estate Group LP, an affiliate of Amoroso Cos. CBRE’s Kamran Paydar and Kadie Presley Wilson represented the seller, a private Los Angeles-based investor. Ryan Greer, Trevor Breaux and Troy Tegeler with CBRE’s debt and structured finance division arranged acquisition financing on behalf of the buyer. Built in 1987 and renovated in 2021, ALUR consists of a mix of one- and …

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URBY-Hoboken
DevelopmentFinanceNew JerseyNewsNortheast

PCCP Provides $162 Million Construction Loan for Hoboken Development

by Lynn Peisner

HOBOKEN, N.J. — Locally based Ironstate Holdings has secured a $162 million construction loan provided by PCCP for the development of Hoboken Urby, a 345-unit, transit-oriented development in Hoboken. Completion is slated for early 2028. The 16-story, 418,332-square-foot project will include 307 market-rate units, 38 affordable units and approximately 17,000 square feet of retail space, which will include a café. The site is less than a quarter of a mile from the Hoboken PATH train station. The unit mix will feature 29 studios, 220 one-bedrooms, 61 two-bedrooms and 35 three-bedrooms. …

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Blu-Atlantic
FloridaNewsOperationsSoutheast

RKW Named Manager of Three South Florida Properties

by Lynn Peisner

FORT LAUDERDALE — RKW Residential has been named property manager of three South Florida properties: Falls at Marina Bay in Fort Lauderdale, Blue Atlantic in Delray Beach and Atlantica at Dania Beach. The properties comprise 671 units. Names of the property owner(s) were not disclosed. Falls at Marina Bay is a 376-unit waterfront community offering one-, two- and three-bedroom apartments. The community is anchored by a 10,000-square-foot clubhouse, a lagoon-style pool with a hot tub and a fitness center with a personal trainer on staff.   Blu Atlantic, a 177-unit …

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Arya-Apartments
DevelopmentFinanceNewsWestern

Helio Group Locks in $58 Million ReFi for Culver City Development

by Lynn Peisner

CULVER CITY, CALIF. — JLL Capital Markets has arranged a $58 million construction takeout loan for Helio Group. The loan was funded by Canyon Partners Real Estate and will be used to refinance existing debt used to develop Arya Apartments in Culver City. Arya is one of five multifamily projects Helio has developed in the greater Culver City submarket since 2018. The property features 38 studios, 36 one-bedrooms and 45 two-bedrooms, all of which feature smart-home technology. Asking rents on floor plans available as of late August range from $2,995 …

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Alden-Park
FinanceNewsTexas

Dwight Capital Originates $59 Million HUD Loan for Alden Park Kingsland in Houston

by Lynn Peisner

HOUSTON — Dwight Capital has closed a $59 million HUD 223(f) loan for an undisclosed borrower. The borrower will use the loan to retire existing debt, cover closing costs, complete property enhancements and establish a replacement reserve account to fund future capital projects for Alden Park Kingsland, a 423-unit, garden-style community in Houston. The property features 10 three-story residential buildings, a community clubhouse, a mail kiosk and a car-care facility. Amenities include a fitness and business center, a resident lounge, a dog park, a carwash station, grilling areas and a …

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Cypress-Point
CaliforniaInvestment SalesNewsWestern

IPA Brokers $100 Million Sale of Ventura County Asset

by Lynn Peisner

VENTURA, CALIF. — Raintree Properties has acquired Cypress Point, a 268-unit property in Ventura, for $100 million. County Center LP was the seller, and Institutional Property Advisors (IPA) arranged the sale. The transaction equates to $373,134 per unit. The property has been owned by the seller, who was the original developer, since 1990. Cypress Point is situated on 14 acres and includes 28 two-story buildings, a barbecue and picnic area, a fitness center, a clubhouse and covered parking. First-floor units feature nine-foot ceilings, and second-floor units have 12-foot vaulted ceilings. …

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