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19-Rockwell-Brooklyn
DevelopmentFinanceNew YorkNewsNortheast

Affinius Capital Originates $90 Million Loan for Luxury Brooklyn Property

by Lynn Peisner

NEW YORK CITY — Locally based developer Mordechai Pillar, owner of One Nine Rockwell in Brooklyn’s Fort Greene neighborhood, has obtained a $90 million refinancing loan. Affinius Capital was the lender. David Bollag of Meridian Capital Group arranged the financing. The proceeds of the loan will be used to complete lease-up and stabilization at One Nine Rockwell, a 27-story, 174-unit property with 1,200 square feet of ground-floor retail. The luxury building is comprised of 35 studios, 103 one-bedrooms and 36 two-bedrooms. The sky lounge on the 27th floor offers a …

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La-Roca-Plaza-Santee
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $26.5M Sale in Metro San Diego

by Lynn Peisner

SANTEE, CALIF. — CBRE has arranged the $26.5 million sale of La Roca Plaza, a 100-unit property located at 10032 North Magnolia Ave. in Santee, about 20 miles northeast of San Diego. CBRE’s Conor Brennan and Rachel Parsons represented both the buyer and seller in the transaction. The parties were doing business as Casa La Roca Apartments LLC and La Roca Plaza LP. Situated on 4.6 acres, La Roca Plaza offers a mix of one-, two- and three‑bedroom floor plans. Amenities include a pool, playground, central courtyard, on-site laundry, high-speed …

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Rise-120-Georgetown
Investment SalesNewsTexas

Machine Investment Group Buys Rise 120 in Georgetown, Texas

by Lynn Peisner

GEORGETOWN, TEXAS — Machine Investment Group (MIG), a New York City-based investment firm, has acquired Rise 120, a 227-unit community in Georgetown, 26 miles north of Austin, Texas. The property, which opened in 2024, also includes 15,000 square feet of retail. MIG partnered with San Diego-based Alta Real Estate Partners on the deal. Walker & Dunlop represented the undisclosed seller. MIG plans to add amenities, such as a golf simulator, sauna and cold plunge. Existing amenities include a pool, fitness center, resident lounge, a grill area and a dog park.

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Panther-Riverside-Park-Atlanta
GeorgiaInvestment SalesNewsSoutheast

Marcus Partners, ECI Buy Panther Riverside Parc in Atlanta

by Lynn Peisner

ATLANTA — Marcus Partners and ECI Group have partnered to acquire Panther Riverside Parc, a 280-unit community in the Sandtown submarket of Atlanta, which is approximately 14 miles west of downtown. The deal was sourced directly from the seller, Panther Residential. The sales price was undisclosed. Panther Riverside Parc was developed in 2010. Boston-based Marcus Partners and Atlanta-based ECI are planning upgrades during the hold. ECI will manage the community, which features a clubhouse, pool with cabanas, a fitness center, a playground and more. According to the property website, monthly …

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Vista-View-Charleston
Affordable HousingInvestment SalesNewsSoutheastWest Virginia

MMG Arranges Trade of Affordable Housing Property in Charleston, West Virginia

by Lynn Peisner

CHARLESTON, W.V.A. — MMG Real Estate Advisors has arranged the sale of Vista View, a 333-unit affordable housing community located at 1300 Renaissance Circle in Charleston. The transaction was handled by MMG’s Kyle Shoemaker and Bill Brading. Vista View is a Housing Assistance Payment (HAP) and Low-Income Housing Tax Credit (LIHTC) property that was sold by Ten South Management. MMG arranged a capital structure that allows the undisclosed buyer to acquire and renovate the property via financing arranged through KeyBank.

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The-Grove-at-Piscataway
Company NewsInvestment SalesNew JerseyNewsNortheast

Former Gebroe-Hammer Execs Launch Advisory Firm, Close First Deal

by Lynn Peisner

WEST ORANGE, N.J. — David Oropeza and David Jarvis, former executives at Livingston, New Jersey-based brokerage firm Gebroe-Hammer, have founded ICON Real Estate Advisors. The new multifamily investment sales firm has arranged its debut transaction with the $35.1 million trade of The Grove at Piscataway, a 110-unit property in Piscataway. The asset, developed in 2020, was 100 percent occupied at the time of the sale. ICON represented the undisclosed seller in the deal and sourced a buyer that was completing a 1031 exchange. Oropeza spent 38 years at Gebroe-Hammer Associates. …

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Marlowe-Natomas-Sacramento
CaliforniaDevelopmentNewsWestern

Greystar, PGIM Break Ground on Marlowe Natomas in Sacramento

by Lynn Peisner

SACRAMENTO, CALIF. — Greystar and PGIM have begun development of Marlowe Natomas, a 378-unit community located at 3580 North Freeway Blvd. in the Natomas neighborhood of Sacramento. Situated on approximately 13 acre, Marlowe Natomas will feature three-story, garden-style buildings containing a mix of one-, two- and three-bedroom floor plans complemented by amenities such as a resort-style pool with covered grilling stations, a shaded yoga lawn, pickleball court, fire pit, a pet run, rentable electronic bikes, a fitness center, private work spaces, a conference room, golf simulator and pet-washing facilities. The …

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Render-Tucker
DevelopmentGeorgiaNewsSoutheast

Crescent Communities Breaks Ground on RENDER Tucker in Suburban Atlanta

by Lynn Peisner

TUCKER, GA. — Crescent Communities has begun construction of RENDER Tucker, a four-story community 20 miles northwest of Atlanta. RENDER Tucker is situated on 13 acres and contains 312 units. The project will include an entry park and arrival lawn, a clubhouse, hammock zones and swings, a pool, a fireplace and fire pit, a dog park, grills and a community garden. Completion is slated for summer 2027. Chuo Nittochi Group is serving as the equity partner on the project, and Santander Bank is the lender. Additional partners include Focus Design …

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Book-Cliffs-Lodge-SLC
Affordable HousingDevelopmentFinanceNewsUtahWestern

Salt Lake Housing Authority Breaks Ground on Book Cliffs Lodge

by Lynn Peisner

SALT LAKE CITY — The Housing Authority of Salt Lake has obtained a HUD loan for approximately $10.2 million for the development of Book Cliffs Lodge, a 55-unit affordable housing community that has been in the planning phases for several years. Construction has begun. A completion date has not been disclosed. JLL Capital Market’s Anson Snyder and Chris Gandy arranged the financing. Book Cliffs Lodge will be a four-story building with one-bedroom units in various sizes that will serve tenants earning between 30 and 80 percent of area median income. …

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La-Ostra-Inwood
Affordable HousingDevelopmentNew YorkNewsNortheastOperations

New York City Selects Development Team for 600-Unit Affordable Housing Project in North Manhattan

by Lynn Peisner

NEW YORK CITY — The New York City Department of Housing Preservation and Development (HPD) has selected Slate Property Group, Xenolith Partners and Communilife to develop La Ostra on a vacant lot in Inwood, the northern-most neighborhood in Manhattan. The project will include 600 units, 200 of which will be reserved for seniors. All apartments will offer affordable rents. Specific income restrictions were not disclosed. The developers will also build a marine science and STEM education center that will be operated by the Billion Oyster Project, a nonprofit founded in …

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