News

Berkadia Arranges $93 Million Sale in St. Petersburg, Florida

by Lynn Peisner November 6, 2025

ST. PETERSBURG, FLA. — Berkadia has arranged the sale of Provenza at St. Pete, which Houston-based Hilltop Residential has acquired and rebranded Palmera Gateway. Momentum Real Estate Partners of Miami was the seller. The asset traded for approximately $93 million. The 308-unit property, 95 percent occupied at the time of sale, was built in 2014 in the Carillon Park mixed-use master-planned development. The garden-style community offers a mix of one-, two- and three-bedroom units ranging from 655 to 1,376 square feet with attached and detached garages available. Amenities include a …

November 6, 2025

Development Illinois Midwest News

City of Chicago OK’s Adaptive Reuse of Field Building

by Lynn Peisner November 5, 2025

CHICAGO — The Chicago City Council has approved plans for the redevelopment of the Field Building at 135 S. LaSalle St. in Chicago’s Central Business District. A joint venture among Riverside Investment & Development, AmTrustRE and DL3 Realty is developing the project, which is backed by a budget of $241.5 million. Financing for the development includes $98 million in city subsidies and historic tax credits. Developers will convert 624,000 square feet of vacant office space into 386 units of studios, one- and two-bedrooms. The building also will feature 92,000 square …

November 5, 2025

Berkadia Florida Investment Sales News Southeast

Berkadia Brokers Sale of Two Pensacola Properties

by Lynn Peisner November 5, 2025

PENSACOLA, FLA. — Berkadia has arranged the sale of Atwood Oaks and Davis Gardens, two vintage communities totaling 211 units approximately 2 miles apart in Pensacola. Atlanta-based Tioga Capital acquired the 136-unit Atwood Oaks, while an undisclosed LLC out of Cantonment, Florida, purchased the 75-unit Davis Gardens. Berkadia’s David Etchison and Andrea Kendrick led the transaction. Built in 1972, Atwood Oaks at 1857 Atwood Drive comprises one- and two-bedroom units and such amenities as a pool, a dog park, a courtyard and on-site maintenance. Completed in 1985, Davis Gardens at …

November 5, 2025

California Investment Sales News Western

Atrium Garden in San Jose Sells for $18.5 Million

by Lynn Peisner November 5, 2025

SAN JOSE, CALIF. — Marcus & Millichap has brokered the sale of Atrium Garden in San Jose for $18.5 million. Neither the buyer’s nor the seller’s identity was disclosed. The 160-unit property offers furnished studio units aimed at short-term rentals for tech-industry workers. Constructed in 2000, Atrium Garden is a four-story building with 159 studios and a one-bedroom manager’s apartment. Studios are furnished with a bed, bedside table and lamp, a lounge chair, a built-in desk and chair, a television, microwave, mini-refrigerator and a stove or hotplate. Amenities include a …

November 5, 2025

Finance News Southeast Tennessee

RFM Refinances The Mill at White House North of Nashville

by Lynn Peisner November 5, 2025

WHITE HOUSE, TENN. — Walker & Dunlop has arranged a $42 million loan from an undisclosed institutional lender on behalf of RFM Development Co. The sponsor is refinancing The Mill at White House, a 216-unit property in White House, 27 miles north of Nashville that was recently completed and is finalizing lease-up. Walker & Dunlop’s capital markets team was led by Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore and Kyle Miller, the same team that previously arranged the asset’s construction financing in 2022.

November 5, 2025

Investment Sales News North Carolina Southeast

RailField Buys Research Triangle Property

by Lynn Peisner November 4, 2025

DURHAM, N.C. — RailField has acquired Springfield Apartments, a 288-unit garden-style property in Durham. The seller and sales price were not disclosed. Amenities include a resort-style pool with grilling stations, a fenced dog park, a renovated fitness center, a game room and a car care center. The property was purchased via RailField’s RG Value Add Fund, a joint venture with alternative-asset investment firm GCM Grosvenor.

November 4, 2025

California Investment Sales News Western

Amoroso Cos. Buys Topanga Canyon Asset in Los Angeles for $44 Million

by Lynn Peisner November 4, 2025

LOS ANGELES — Institutional Property Advisors (IPA) has arranged the sale of and acquisition financing for 9733 Topanga Canyon, a 119-unit property in the Chatsworth neighborhood of Los Angeles. The property sold for $44 million, which represents $369,748 per unit. IPA also arranged $27.4 million in agency financing. The asset, developed in 2009, was acquired by Amoroso Cos. to satisfy a 1031 exchange. The seller was an unnamed private multifamily investment firm. Kevin Green, Joseph Grabiec and Gregory Harris arranged the sale on behalf of the seller, while Brian Eisendrath …

November 4, 2025

California Investment Sales News Western

Hamilton Zanze Buys Reno Portfolio

by Lynn Peisner November 4, 2025

RENO, NEV. — Marcus & Millichap has arranged the sale of the Kromer Portfolio made up of three metro Reno properties. The properties are Village of the Pines, a 272-unit asset completed in 1974; Sand Pebble-Spanish Oaks, a 448-unit property constructed in 1983; and the 328-unit Lakeview, built in 1979. Ken Blomsterberg, Ryan Rife and Daniel Winrod of Marcus & Millichap’s Reno office represented the buyer, Hamilton Zanze. The seller was Kromer Investments. Village of the Pines spans approximately 10 acres and offers one-, two- and three-bedroom units with a …

November 4, 2025

Finance Midwest Minnesota News

Grego, Eagle Ridge Refinance Eden Prairie Development

by Lynn Peisner November 4, 2025

EDEN PRAIRIE, MINN. — Greco and Eagle Ridge Partners have refinanced The Fox & The Grouse, a 237-unit property in Eden Prairie. Construction was completed on the first phase of the project in April 2025. JLL arranged the five-year, $50 million refinancing loan on behalf of the owners as well as equity partner Amstar Group, through PNC Bank. Back in August, JLL also arranged a $39.1 million loan and secured $16.5 million in equity from Amstar. Located 18 miles southwest of Minneapolis, The Fox & and the Grouse is six-story …

November 4, 2025

Development News Texas

Hillwood Breaks Ground on Bonham & Baker at Frisco Station

by Lynn Peisner November 3, 2025

FRISCO, TEXAS — Dallas-based Hillwood Multifamily has broken ground on Bonham & Baker, a 410-unit community located in the 242-acre master-planned Frisco Station in the Dallas suburb of Frisco. The unit mix is comprised of one- and two-bedroom homes and two- and three-bedroom, two-story townhomes, all with private patios or balconies. Some units will also offer built-in desks, separate home office spaces, mudrooms and butler pantries. A package management locker system, a wine lounge and coffee bar, electric vehicle charging stations, coworking space with private offices and a conference room, …

November 3, 2025

Newer Posts

Older Posts