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2400-E-Atlantic-Blvd
DevelopmentFloridaNewsSoutheast

Portman Approved for Pompano Beach Project

by Lynn Peisner

POMPANO BEACH, FLA. — The City of Pompano Beach has approved Portman’s plans for a mixed-use development at 2400 E. Atlantic Blvd. The Atlanta-based developer will break ground on the eight-story, 397-unit project in fall 2026, with completion slated for late 2028. The community will include a variety of floor plans, some of which will be offered as townhomes with direct street access. Amenities will include a rooftop pool, interior courtyard, a fitness center and a six-story parking garage. At the street level, there will be 10,591 square feet of …

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The-Olivia
BerkadiaFinanceFloridaNewsSoutheast

Berkadia Arranges $58.3 Million ReFi for Miami-Suburb Property

by Lynn Peisner

HOMESTEAD, FLA. — Berkadia has arranged a $58.3 million Freddie Mac loan for Denver-based Grand Peaks Properties and Washington, D.C.-based Artemis Real Estate Partners. The two firms will use the funds to refinance existing debt on The Olivia in Homestead, located about 27 miles south of Miami. The joint venture owners acquired the property, developed in 2018, for $71 million in late 2021 in a Berkadia-brokered transaction. The Olivia sits on 3.4 acres at 14981 Southwest 283rd St. and offers 288 one-, two- and three-bedroom units and amenities such as …

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Shelly Peterson Smart Room Package management Multifamily quote
Content PartnerFeaturesFurniture, Fixtures & EquipmentIndustry ContentMidwestNortheastOperationsSoutheastStudent HousingTechnologyTexasWestern

Scalable Solutions for Multifamily’s Growing Package Problem

by Sarah Daniels

At too many multifamily communities today, managers spend much of their time receiving, safeguarding, retrieving and tripping over a rising tide of parcels awaiting pickup by residents. A range of cages, lockers and other systems promise to ease the package management burden, but most still require staff oversight and may not securely accommodate bulky items or seasonal surges in deliveries. “The sheer volume of packages residents are getting has increased, and that has driven a lot of frustration with package management,” says Shelly Peterson of Smart Package Room, which makes …

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Brentwood-Commons
Affordable HousingDevelopmentGeorgiaNewsSoutheast

Wendover Housing Partners Opens Atlanta Affordable Housing Community

by Lynn Peisner

ATLANTA — Wendover Housing Partners has opened Brentwood Commons, a 113-unit affordable housing community in Atlanta. The property offers one-, two- and three-bedroom apartments with monthly asking rents for one-bedrooms starting at $1,192 and three-bedroom rates set at approximately $1,632. Amenities include a clubhouse with a fireplace-anchored gathering area, a computer center for work and study, a splash pad and playground for children and a fitness center. Each unit is equipped with Energy Star-certified appliances, walk-in closets and a full-size washer and dryer. Designed by Slocum Platts Architects and built …

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Jordan-McCarley
NewsNorth CarolinaPeople NewsSouth CarolinaSoutheast

Jordan McCarley Joins Cusman & Wakefield’s Carolinas Team

by Lynn Peisner

CHARLOTTE, N.C. — Jordan McCarley has joined Cushman & Wakefield’s Carolinas Multifamily team. With the title executive vice chair, McCarley will lead the Carolinas team alongside Blake Okland, Paul Marley and Alex McDermott. The Carolinas Institutional Multifamily Advisory team is part of the firm’s Sunbelt Multifamily Advisory Group, which is an 85-person investment sales team covering 14 states.

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Residences-at-Plantation-Square
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

City of Plantation Grants MMG Equity Partners Approvals, Financing for Florida Mixed-Income Development

by Lynn Peisner

PLANTATION, FLA. — MMG Equity Partners has received site plan approval and $6 million in tax-increment financing (TIF) incentives from the City of Plantation for the development of Residences at Plantation Square. The project will include luxury apartments, workforce apartments and a new Bank of America building, all located within Plantation Square, a 10-acre mixed-use development in the Broward County city of Plantation, about 8 miles west of Fort Lauderdale. Residences at Plantation Square will include an eight-story residential building with 307 apartments and a six-story parking garage. Amenities include …

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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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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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Investment SalesNewsNorth CarolinaSoutheast

Northmarq Arranges $82 Million Deal in Charlotte

by Lynn Peisner

CHARLOTTE, N.C. — Trammell Crow Residential (TCR) has sold Alexan Mill District in Charlotte for $82 million. The Seminole Tribe of Florida Sovereign Wealth Fund’s Real Estate Fund (SemREF) was the buyer, marking SemREF’s third deal with TCR. Northmarq’s Charlotte Multifamily Investment Sales team, representing TCR, was led by Allan Lynch, Caylor Mark, Andrea Howard, John Currin, Jeff Glenn and Austin Jackson. Alexan Mill District was developed last year and includes 290 units and such amenities as a clubhouse, indoor-outdoor social space with a catering kitchen, a rooftop lounge, a …

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