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Edge Lofts in Hoboken, New Jersey
FinanceInvestment SalesNew JerseyNewsNortheast

JLL Capital Markets Arranges $27 Million in Financing for Edge Lofts in Hoboken, New Jersey

by Channing Hamilton

HOBOKEN, N.J. — JLL Capital Markets has brokered the sale of and negotiated $27 million in financing for Edge Lofts in the New York City suburb of Hoboken. Edge Lofts comprises 69 units across two buildings located at 1405 Clinton and 1405 Adams St. The buildings each rise five stories, and were constructed in 2013 and 2019, respectively. Units come in one-, two- and three-bedroom floor plans. Amenities include a package room, resident lounge with a bar and TV, fitness center and a common terrace with grilling stations. JLL Capital Markets …

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Farm Haus in San Antonio
Build-to-RentFinanceNewsTexas

JLL Capital Markets Arranges Refinance for 142-Unit Build-to-Rent Community in San Antonio

by Channing Hamilton

SAN ANTONIO — JLL Capital Markets has arranged the refinancing for Farm Haus, a 142-unit built-to-rent community in San Antonio. AHV Communities was the borrower. Matthew Putterman and John David Johnson led the JLL Capital Markets Debt Advisory team, which worked on behalf of the borrower to secure the four-year, fixed-rate loan through a life insurance company. Completed in 2022, Farm Haus offers units in two-, three and four-bedroom layouts. Units feature private yards, attached garages, smart home technology, stainless steel appliances and quartz countertops. Amenities include a lounge, community …

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Residences at Durango in Durango, Colorado
Affordable HousingColoradoDevelopmentNewsWestern

TWG to Convert Hotel in Durango, Colorado, Into $35 Million Affordable Housing Community

by Channing Hamilton

DURANGO, COLO. — TWG will construct Residences at Durango, a $35 million affordable housing complex in the southwestern Colorado city of Durango. The project is an adaptive reuse of a former hotel, which is now set to be converted into 120 apartments. Units will come in studio, one- and two-bedroom floor plans, and will be affordable to tenants earning at or below 30 to 60 percent of the area median income. Amenities will include a business center, exercise facility, laundry facility, playground, picnic area and Wi-Fi connectivity in common areas. …

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Investment SalesNewsTexas

Cooper Street Capital Purchases 174-Unit South Hill Apartments in San Antonio

by Channing Hamilton

SAN ANTONIO — Cooper Street Capital has acquired South Hill Apartments, a 174-unit complex in southeast San Antonio. Zar Haro, Moses Siller, Bryan VanCura, Brian Booth and Phil Grafe of Northmarq represented the undisclosed seller in the transaction. South Hill Apartments was built in 1965 and offers one-, two- and three-bedroom units. Amenities include three pools, tennis courts, a playground and a business center.

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DevelopmentLeasing & MarketingNewsTexas

Urban Moment Begins Pre-Leasing YardHomes Juniper Pointe in San Antonio

by Channing Hamilton

SAN ANTONIO — Urban Moment, an Austin-based developer, has begun pre-leasing YardHomes Juniper Pointe, a 248-unit community in San Antonio. Units will come in one-, two- and three-bedroom floor plans, with each unit having 250 square feet of private outdoor space. Amenities include a pool, fitness center, outdoor grilling and dining stations, an outdoor event lawn and green spaces. The first move-ins at the property are scheduled to begin after a grand opening ceremony in November.

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The Station at Chester in Chester, Virginia
Leasing & MarketingNewsSoutheastVirginia

Thalhimer Multifamily to Manage The Station at Chester in Richmond Suburb

by Channing Hamilton

CHESTER, VA. — Thalhimer Multifamily has been awarded management of The Station at Chester, a 201-unit property in the southern Richmond suburb of Chester. The Station at Chester was built in 2022 and features one-, two- and three-bedroom apartments. Amenities include a pool with a sundeck, clubhouse, fitness center, business center, pet spa, dog park, walking trails and garage rentals. Christy Pangelinan of Thalhimer Multifamily has been assigned as the portfolio manager.

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The Perry in Norcross, Georgia
DevelopmentGeorgiaNewsSoutheast

FIDES Development Completes Construction on The Perry in Norcross, Georgia

by Channing Hamilton

NORCROSS, GA. — FIDES Development has finished constructing The Perry, a 160-unit community located at the intersection of Jimmy Carter and Peachtree Industrial boulevards in the Atlanta suburb of Norcross. The garden-style community offers amenities such as a lounge for hosting guests, a pool, lobby, bike room, coworking space, a mail room, pet spa and a gym. Ware Malcomb designed the interior architecture and amenity spaces. General contracting services for the project were provided by Fortune-Johnson.

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The Perch PDX in Portland
Investment SalesNewsOregonWestern

JLL Capital Markets Brokers Sale of 141-Unit The Perch PDX in Portland

by Channing Hamilton

PORTLAND — JLL Capital Markets has negotiated the sale of The Perch PDX, a 141-unit complex in the northern Portland neighborhood of Overlook. JLL represented the seller, Fairfield, and procured the buyer, Green Leaf Capital Partners. Ira Virden, Carrie Kahn and Frank Solorzano led the JLL Capital Markets Investment Sales and Advisory team. The Perch PDX was built in 2020 at 5325 N. Interstate Ave. The property features studio, one- and two-bedroom units with an average size of 648 square feet. Units feature stainless steel appliances, quartz countertops, vinyl plank flooring …

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Investment SalesNewsTexas

Marcus & Millichap Brokers Sale of 236-Unit Luna Vista in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Marcus & Millichap has negotiated the sale of Luna Vista, a 236-unit complex in Fort Worth. Al Silva and Ford Braly of Marcus & Millichap represented the seller and procured the buyer in the deal. Both parties were locally based investment groups that requested anonymity. The 32-building property was built in 1979 at the intersection of I-30 and Loop 820 on the city’s east side. The new owner plans to implement a value-add program.

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11821 Stuart Drive in Garden Grove, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $2.9 Million Sale of 10-Unit Community in Garden Grove, California

by Channing Hamilton

GARDEN GROVE, CALIF. — CBRE has negotiated the $2.9 million sale of a 10-unit property in Garden Grove. The building was constructed in 1958 on a 0.3-acre lot at 11821 Stuart Drive. The unit mix consists of three one-bedroom and seven two-bedroom units across two stories. Amenities include a pool, on-site laundry facilities and garage parking. The community was recently renovated with new exterior paint, a new sprinkler system, updated gas lines and new garage doors. CBRE’s Dan Blackwell and Andrew Boukather represented the seller and buyer, both private investors …

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