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Longfellow Terrace in Washington, D.C.
Investment SalesNewsNortheastWashington, D.C.

Greysteel Arranges Sale of 41-Unit Longfellow Terrace in Washington, D.C.

by Channing Hamilton

WASHINGTON, D.C. — Greysteel has arranged the sale of Longfellow Terrace, a 41-unit property in the Washington, D.C. neighborhood of North Petworth. Michael Murray, Kyle Tangney, Herb Schwat and Nigel Crayton of Greysteel’s Washington office represented the seller, Longfellow Terrace LLC, in the deal. The buyer was not disclosed. Longfellow Terrace is encircled by The Parks at Walter Reed, a mixed-use development that will feature 130,000 square feet of retail space, 325,000 square feet of office space and a new hotel and conference center. 

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DevelopmentNew YorkNewsNortheast

The Moinian Group Begins Vertical Construction of 7 Platt Street in Manhattan’s Financial District

by Channing Hamilton

NEW YORK CITY — The Moinian Group has commenced vertical construction at 7 Platt Street, a 250-unit residential tower in Manhattan’s Financial District. The community will comprise 170,000 square feet across 35 stories. Apartments will come in studio, one- and two-bedroom floor plans. Planned amenities include a fitness center, library, co-working pods, lounge spaces, private dining spaces with outdoor terrace access, a gaming area, rooftop deck, golf putting area, laundry facilities and a communal entertainment kitchen. Rockwell Group designed the project. Hill West Architects is leading architecture efforts for the …

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ConnecticutDevelopmentInvestment SalesNewsNortheast

Cushman & Wakefield Brokers $12 Million Sale of Development Site in Norwalk, Connecticut

by Channing Hamilton

NORWALK, CONN. — Cushman & Wakefield has brokered the $12 million sale of a 2.3-acre development site located at 370 West Ave. in downtown Norwalk, a southern coastal city of Connecticut. RMS Cos. purchased the site from Norwalk Hospital. The property formerly housed a YMCA. Al Mirin, Kate Schwartz, Matthew Torrance, Jim Fagan, Gerry Lees and Maureen O’Boyle of Cushman & Wakefield represented the seller in the deal. The buyer plans to develop a six-story, 204-unit building on the site.

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Affordable HousingDevelopmentNewsTexas

FTK Construction Services Completes $12.4 Million Renovation of The Park at Kirkstall in Houston

by Channing Hamilton

HOUSTON — FTK Construction Services has completed renovations at The Park at Kirkstall, a 240-unit affordable housing community in Houston. Updates to the property included enhancements to flooring, paint, appliances, countertops, door and cabinet hardware, bathroom fixtures and light fixtures. Other updates included roofing, HVAC, water heaters, a new playground, grilling patio, horseshoe pit and other various site improvements. The project took 21 months to complete, with a contract value of $12.4 million. The renovation was the general contractor’s first project for Blue Ridge Atlantic. The architect for the project …

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Company NewsNewsOperationsPeople NewsSoutheastVirginia

National Apartment Association Selects Rick Snyder as Chair of the Board

by Channing Hamilton

ARLINGTON, VA. — The National Apartment Association (NAA) has selected Rick Snyder, president and owner of San Diego-based R.A. Snyder Properties, as 2024 Chair of the Board. Snyder was formally installed at NAA’s Assembly of Delegates in San Diego last November. NAA’s headquarters are located in Arlington. Snyder has been involved with NAA for nearly 20 years, having previously served as a Regional Vice President, Membership Committee Chair and as a member of several committees. Snyder received his Bachelor of Science degree in Business Administration from San Diego State University …

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River Rock Apartments in Mishawaka, Indiana
IndianaLeasing & MarketingMidwestNews

DMG Takes Over Management Services at River Rock Apartments in Mishawaka, Indiana

by Channing Hamilton

MISHAWAKA, IND. — Daniel Management Group (DMG) has been selected to manage River Rock Apartments, an 88-unit community in downtown Mishawaka. The complex offers units in studio, one-, two- and three-bedroom layouts. Amenities include a fitness center, billiards room with a pool table and TVs, business center, conference room and an outdoor space with a courtyard, BBQ grills, firepits and a picnic area. River Rock Apartments is the first community DMG has been awarded management of in the state of Indiana.

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DevelopmentFinanceGeorgiaNewsSoutheast

BWE Secures $29.5 Million to Construct 229-Unit Oakwood Near Gainesville, Georgia

by Channing Hamilton

OAKWOOD, GA. — BWE has secured a $29.5 million loan to finance the construction of Imperium Oakwood, a 229-unit development in the Gainesville suburb of Oakwood. Thomas Wideman, Alan Tapie, Hanley Long and Brad Walker of BWE originated the floating-rate construction loan through a community bank on behalf of the borrower, Imperium Development. Imperium Oakwood will offer amenities such as a clubhouse with fitness and office rooms, a pool, fireplace, grill stations, covered lounge, game area, on-site parking, and a dog park with a wash station. Construction is anticipated to …

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Affordable HousingDevelopmentMassachusettsNewsNortheastOperationsPeople News

WinnCos. Promotes Three Team Members to Vice President Roles

by Channing Hamilton

BOSTON — WinnCos. has promoted three employees to vice president roles in its property management, sustainability and development functions. Michael Milko was promoted to the role of executive vice president at WinnResidential, a subsidiary of WinnCos. Milko joined the company in 1995. He now oversees the management operations of approximately 5,000 residential units across 40 properties in the Northeast and Mid-Atlantic. Christina McPike was promoted to Vice President of Energy & Sustainability. In this role, she will oversee new construction, historic adaptive reuse and deep energy retrofit projects. According to WinnCos., McPike …

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GeorgiaNewsPeople NewsSoutheast

Marcus & Millichap Hires Three to Atlanta-Based Multifamily Team

by Channing Hamilton

ATLANTA — Marcus & Millichap has hired Scott Spalding, Marco Welch and Joe Mitchell to the firm’s multifamily real estate investment team in Atlanta. Marcus & Millichap hired Spalding and Welch as senior vice presidents and Mitchell as a first vice president. Prior to joining Marcus & Millichap, the three worked with Atlanta-based Bull Realty Inc. Spalding is a member of the Atlanta Apartment Association and the Atlanta Commercial Board of Realtors. Welch studied business and finance at Morehouse College and is a member of the Atlanta Commercial Board of …

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The Park at Pottsburg Creek Apartments in Jacksonville, Florida
FloridaInvestment SalesNewsSoutheast

NAI Hallmark Brokers Sale of The Park at Pottsburg Creek in Jacksonville, Florida

by Channing Hamilton

JACKSONVILLE, FLA. — NAI Hallmark has negotiated the sale of The Park at Pottsburg Creek Apartments, a 128-unit property located at 4800 Atlantic Boulevard in Jacksonville. NAI Hallmark’s John Rutherford and Luke McCann brokered the deal on behalf of the seller, Toro Jax Property II LLC, and the buyer, Red Raider 45 LLC. The complex was built in 1963 and consists of ten buildings on an 8.3-acre site. The site includes expansion opportunity with an undeveloped 2.3-acre parcel. Units come in one-, two- and three-bedroom floor plans.

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