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Skye
Investment SalesNewsWashingtonWestern

Institutional Property Advisors Brokers Sale of 18-Story Asset in Seattle

by Channing Hamilton

SEATTLE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Skye, a 371-unit apartment building with 13,300 square feet of ground-floor retail space in Seattle’s Denny Triangle neighborhood. The 18-story community was originally built in 1949, and all units were renovated between 2014 and 2016. Tenants have access to a controlled-access parking garage, rooftop terrace, fenced dog park, walking trails and green lawns. Apartments come in studio, one-, and two-bedroom floor plans. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino …

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Company NewsIllinoisMidwestNewsOperations

The Apartment Source Merges Property Management Division With Westward360

by Channing Hamilton

CHICAGO — The Apartment Source (TAS), a real estate firm specializing in multifamily leasing, has merged its property management division with Westward360, a property manager for rental asset owners and community associations. The merger brings together two companies in the Chicago real estate market. According to a release, Westward360’s reputation in property management will help TAS expand into new Chicago and suburban markets, while Westward360 will broaden its portfolio.

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DevelopmentFloridaNewsSoutheast

Thompson Thrift Nears Completion of 324-Unit Project in Pensacola, Florida

by Channing Hamilton

PENSACOLA, FLA. — Indianapolis-based developer Thompson Thrift is nearing completion of The Quinn, a 324-unit project located at 5800 W. Nine Mile Road in Pensacola, about 50 miles west of Destin, Florida. The first move-ins began last fall, and Thompson Thrift expects to complete construction by the end of the summer. Situated on 18 acres, The Quinn features a mix of one-, two- and three-bedroom apartments. The average unit size is 1,000 square feet. Shared amenities include a clubhouse, fitness center, pool, community grilling areas, fire pits, cabanas, turf area …

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54-19 100th St.
Affordable HousingNew YorkNewsNortheast

Slate, Queens Future to Develop 450-Unit Affordable Housing Project

by Channing Hamilton

NEW YORK CITY — Locally based developer Slate Property Group (Slate) and Queens Future LLC, which is a joint venture between Mets owner Steve Cohen and Hard Rock International, have formed a partnership to develop a 450-unit affordable housing project located in the Corona neighborhood of Queens. The site is located at 54-19 100th St., currently houses a parking lot adjacent to an existing affordable housing complex. Units will feature a range of floor plans and income restrictions, and the property will have community and amenity space, including an improved …

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Presidium 183
DevelopmentLeasing & MarketingNewsTexas

Presidium Begins Leasing 374-Unit Community in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Presidium has begun leasing Presidium 183, a 374-unit project located near The Domain in North Austin. The community offers several different floor plans. Units feature stainless steel appliances, quartz-style countertops and individual washers and dryers. Rents start at roughly $1,320 per month for a studio. Residents have access to amenities such as a coworking lounge with private offices, fitness center with yoga and spin studios, a speakeasy-style bar, entertainment room with a theater and golf simulator, outdoor game lawn, pool and a dog run.  Presidium broke ground …

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Latitude 38 Apartments
DevelopmentIllinoisMidwestNews

Mia Rose Holdings Nears Completion of 144-Unit Project in Metro St. Louis

by Channing Hamilton

GLEN CARBON, ILL. — Mia Rose Holdings is nearing completion of Latitude 38 Apartments, a 144-unit development located in Glen Carbon, about 14 miles northeast of St. Louis. MBG is building the project, which is slated to open in May. Kunkel Wittenauer is handling leasing efforts. Amenities at Latitude 38 Apartments will include a pool, clubhouse, fitness center, dog park, walking trails, grills and electric vehicle charging stations. The property is part of the larger Meridian Plaza, a 44-acre mixed-use development. 

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Investment SalesNewsTexas

Epic Capital Partners Sells 116-Unit Asset in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Epic Capital Partners has sold Candle Chase Apartments, a 116-unit complex in southwest Fort Worth. The property was originally built in 1969. According to Apartments.com, the property offers one- and two-bedroom units that range in size from 715 to 1,198 square feet. Doug Banerjee and Sterling Warren of Greysteel represented the seller in the transaction. The buyer, an entity doing business as Delara Chase LLC, has rebranded the property as Delara Chase Apartments.

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Ben Hill
DevelopmentGeorgiaNewsSoutheast

Wood Partners Breaks Ground on 236-Unit Project in Atlanta

by Channing Hamilton

ATLANTA — Wood Partners has broken ground on Ben Hill, a 236-unit community in Atlanta. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a clubroom, coworking space, day offices, a fitness center, pool and dog park. The property is located near Hartsfield-Jackson Atlanta International Airport, as well as major industrial corridors such as the Fulton Industrial Corridor and the I-85 South industrial corridor. The locally based developer began constructing the project in January. Ben Hill is slated for completion in August 2026.

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The Astoria
DevelopmentFinanceNewsUtahWestern

Midtown Capital Receives $31.5 Million Bridge Loan for Salt Lake City Development

by Channing Hamilton

SALT LAKE CITY — Midtown Capital has secured a $31.5 million bridge loan to complete the construction of The Astoria, a 149-unit property situated in the Fairpark District of Salt Lake City. Located at 11 N. 800 West, the seven-story asset will offer 372-square-foot micro units, 545-square-foot studios and one- and two-bedroom floor plans up to 955 square feet each.  The development is slated for completion in the third quarter of 2025. Scott Wadler, Patrick Johnson, Mitch Sinberg, Brad Williamson and Matt Robbins of Berkadia arranged the financing. New York-based …

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Halstead Tarrytown
Investment SalesNew YorkNewsNortheast

DSF Group Sells 300-Unit Community in Tarrytown, New York

by Channing Hamilton

TARRYTOWN, N.Y. — The DSF Group has sold Halstead Tarrytown, a 300-unit asset located in Tarrytown, about 30 miles north of New York City. Built in 1998, the property consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments. The JLL Suburban Tri-State Capital Markets team represented the seller and procured the buyer in the deal. The identity of the buyer and the sales price were not disclosed.

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