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Shore Drive Apartments in Winthrop, Massachusetts
Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Brokers $10.8 Million Sale of Property Near Boston

by Channing Hamilton

WINTHROP, MASS. — Marcus & Millichap has arranged the sale of Shore Drive Apartments, a 71-unit property in Winthrop, roughly 7 miles north of downtown Boston, for $10.8 million. Evan Griffith, Tony Pepdjonovic and Will Sanborn of Marcus & Millichap’s Boston office marketed the property on behalf of the seller and procured the buyer. Neither party’s identity was disclosed. Located at 91 Veterans Road, Shore Drive Apartments offers studio, one-, and two-bedroom units. The property sustained fire damage in 2024, and plans for reconstruction have been developed. Plans include the addition …

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Adam Nims and Billy Hart
NewsOperationsPeople NewsTexas

TCC Appoints Two Professionals to Senior Leadership Roles

by Channing Hamilton

DALLAS — Trammell Crow Company (TCC) has promoted Adam Nims to the position of chief investment officer. Additionally, the Dallas-based developer has hired Billy Hart to the role of chief strategy and underwriting officer.  As chief investment officer, Nims will oversee TCC’s investment strategy, including capital markets and development solutions initiatives. Nims has held various positions at TCC since joining the company in 2006. Most recently, he served as president of the eastern U.S., and before that as president of the western U.S. He will report to TCC’s CEO, Danny …

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Mark Bridge, executive vice president and senior director, Matthews Real Estate Investment Services
CaliforniaInvestment SalesNewsWestern

Matthews Hires Mark Bridge as Executive Vice President, Senior Director

by Channing Hamilton

IRVINE, CALIF. — Matthews Real Estate Investment Services has appointed Mark Bridge as executive vice president and senior director. Based in Matthews’s Orange County office in Irvine, Bridge will specialize in the acquisition and disposition of multifamily properties throughout Southern California. He will focus on communities with 20 to 100 units. Prior to joining Matthews, Bridge served as a managing director at Cushman & Wakefield. He previously spent 17 years at Marcus & Millichap.

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FinanceFloridaNewsSoutheast

Encore Multifamily Receives $48.7 Million for Project in Fort Myers

by Channing Hamilton

FORT MYERS, FLA. — Encore Multifamily, a division of Dallas-based Encore Enterprises, has received a $48.7 million fixed-rate HUD Section 221(d)(4) loan for the construction of Encore Daniel Falls, a 240-unit project in Fort Myers. The developer broke ground on the community in December 2025. Construction is slated to complete by the third quarter of 2026. Encore Daniels Falls will comprise 224,050 square feet of rentable space across a 6.7-acre site. Units will come in studio, one-, two- and three-bedroom floor plans. Residents will have access to amenities such as a clubhouse, …

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Stella Apartments in San Diego
CaliforniaDevelopmentFinanceNewsWestern

Murfey Cos. Secures $46.5 Million Construction Loan for Stella Apartments in San Diego

by Channing Hamilton

SAN DIEGO — Murfey Cos. has received $46.5 million in construction financing for Stella Apartments in San Diego’s North Park neighborhood. Aldon Cole, Bryan Clark and Bharat Madan of JLL Capital Markets’ Debt Advisory arranged a three-year floating-rate loan through Buchanan Mortgage Holdings, an affiliate of Buchanan Street Partners, for the borrower. Located at 3104 El Cajon Blvd., Stella Apartments will consist of 149 apartments across nine stories. Units will come in studio, one- and two-bedroom layouts. Planned amenities include a rooftop terrace, community gym, outdoor amenity space and lobby. …

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Robert Fink
DevelopmentGeorgiaNewsOperationsPeople NewsSoutheast

Columbia Residential Adds Robert Fink as Chief Development Officer

by Channing Hamilton

ATLANTA — Columbia Residential has hired Robert Fink to the position of chief development officer. In this role, Fink will oversee all aspects of development operations for the company, including securing new affordable housing and community development opportunities. He will also oversee Columbia Residential’s business planning and manage the company’s financing structures. Fink will be based at Columbia Residential’s headquarters in Atlanta. Fink previously served as the vice president of development at Zimmerman Properties in Atlanta. Prior to this, he served as the director of housing finance and development at …

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Jalen Lofts in Trotwood, Ohio
DevelopmentFinanceMidwestNewsOhio

KeyBank Provides $23 Million in Construction Financing for Affordable Housing Community in Trotwood, Ohio

by Channing Hamilton

TROTWOOD, OHIO — KeyBank Community Development Lending and Investment (CDLI) has provided $23 million in financing for the construction of Jalen Lofts in Trotwood, roughly 8 miles northwest of Dayton, Ohio. Derek Reed and David Lacki of KeyBank CDLI structured the financing, which includes a $9.8 million construction loan, a $3.7 million permanent loan and $9.4 million in low-income housing tax credit financing.  Jalen Lofts will feature 66 workforce and affordable housing units, which will be available to families who earn between 30 and 80 percent of the area median …

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CityLine East in Jersey City, New Jersey
FinanceNew JerseyNewsNortheast

The PRC Group Receives $68.5 Million for Refinancing of Two Communities in Jersey City

by Channing Hamilton

JERSEY CITY, N.J. — The PRC Group has received four loans totaling $68.5 million for the refinancing of CityLine East and West, two communities totaling 342 units in Jersey City. John Banas and Kris Wood of Northmarq arranged the debt on behalf of the borrower. All loans carried fixed interest rates. The direct lenders were not disclosed. Northmarq arranged a $34 million senior loan and an $8 million mezzanine loan for CityLine East, which was completed in 2021 and comprises 198 apartments. Additionally, Northmarq placed a $21.5 million senior loan …

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Harvard Avenue Apartments in Brookline, Massachusetts
Investment SalesMassachusettsNewsNortheast

Pine Realty Associates Sells Suburban Boston Complex for $10 Million

by Channing Hamilton

BROOKLINE, MASS. — Pine Realty Associates has sold Harvard Avenue Apartments, a 24-unit property located at 48-50 Harvard Ave. in Brookline, roughly 6 miles west of downtown Boston. Built in 1950, Harvard Avenue Apartments features studio and one-bedroom units. Residents have access to off-street parking and an on-site laundry facility. Matthew Pierce of Marcus & Millichap’s Boston office marketed the property on behalf of the seller and procured the buyer, a private investor. Additionally, Robert Damigella of Marcus & Millichap Capital Corp. arranged $3.3 million in acquisition financing through a …

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Lindsey Manor Apartments in Kernersville, North Carolina
Investment SalesNewsNorth CarolinaSoutheast

Gindi Equities Sells Community in Kernersville, North Carolina, for $34 Million

by Channing Hamilton

KERNERSVILLE, N.C. — Gindi Equities has sold Lindsey Manor Apartments in Kernersville, 10 miles east of Winston-Salem, North Carolina, to an undisclosed buyer for $34 million. Located at 472 Lindsey St. near downtown Kernersville, Lindsey Manor Apartments consists of 222 units in one- two- and three-bedroom configurations.  Gindi Equities originally acquired the asset in October 2021 for $24.5 million. The company completed a series of renovations at the property, including updates to apartment interiors, complete reroofing, new dog park and grilling area and upgrades to the pool and playground. This transaction …

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