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Camino in Doraville, Georgia
DevelopmentGeorgiaNewsSoutheast

RangeWater to Break Ground on 304-Unit Camino in Atlanta Suburb

by Channing Hamilton

DORAVILLE, GA. — Rangewater Real Estate will break ground on Camino, a 304-unit community in Doraville, 15 miles northeast of Atlanta. The development will feature micro, studio, one-, two- and three-bedroom apartments ranging from 474 to 1,411 square feet in size. Amenities will include a dog park and spa, pool courtyard, coworking offices with a dedicated podcast recording space, an outdoor grilling station, fitness center, rooftop lounge and a private speakeasy. The project is scheduled for completion in spring 2025.

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FinanceNewsNortheastPennsylvania

SCOPE Capital Group Secures Arranges $16 Million in Financing for The Washington Apartments in Philadelphia

by Channing Hamilton

PHILADELPHIA — SCOPE Capital Group has arranged $16 million in bridge-to-HUD financing for The Washington Apartments, a 72-unit complex in Philadelphia’s Kensington neighborhood. An undisclosed regional bank provided the three-year, interest-only loan to the borrower and developer, Philadelphia-based Trinity Realty Cos. Units come in one- and two-bedroom layouts with an average size of 881 square feet. Amenities will include a fitness center, business center and a rooftop deck, as well as ground-floor commercial space.

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Affordable HousingDevelopmentLeasing & MarketingMassachusettsNewsNortheast

Capstone Communities, MPZ Development Open $28.9 Million The McElwain School Apartments in Bridgewater, Massachusetts

by Channing Hamilton

BRIDGEWATER, MASS. — Capstone Communities and MPZ Development have opened The McElwain School Apartments, a 57-unit mixed-income community in Bridgewater, 27 miles south of Boston. Of the total unit count, 51 are affordable to households earning at or below 60 percent of the annual median income. Amenities include on-site management and maintenance, a dog park, playground, community room and a wildflower bee meadow. The $28.9 million project is the redevelopment of a historic former school building, which sat vacant for over 20 years. The development was funded through a mix of state, local, and …

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Affordable HousingDevelopmentLeasing & MarketingNew YorkNewsNortheast

Terwilliger & Bartone Properties Opens The Cornerstone Westbury in Farmingdale, New York

by Channing Hamilton

FARMINGDALE, N.Y. — Terwilliger & Bartone Properties has opened The Cornerstone Westbury, a new community in Farmingdale on Long Island, for residency. The first phase of the project delivers 72 units, with a further 58 units planned for phase two. Of the total unit count, 18 are set aside as workforce housing. According to the developer, over 1,200 applications were submitted for these units. Amenities include a rooftop patio, clubhouse, fitness centers and resident and events organized by community managers.

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Company NewsNewsPeople NewsWashingtonWestern

Conversion Logix Hires CJ Edmonds as Chief Revenue Officer

by Channing Hamilton

BOTHELL, WASH. — Conversion Logix, an Bothell-based digital marketing company focused on multifamily, senior living and student housing, has hired CJ Edmonds to the role of chief revenue officer. Edmonds brings more than 25 years of experience in software-as-a-service company management and more than thirteen years of experience in real estate marketing and technology services to the company. 

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Hagert & York Apartments in Philadelphia
DevelopmentLeasing & MarketingNewsNortheastPennsylvania

McGovern Holdings, Saxum Real Estate Open Hagert & York Luxury Apartments in Philadelphia

by Channing Hamilton

PHILADELPHIA — McGovern Holdings and Saxum Real Estate have opened Hagert & York Apartments, a 294-unit community in Philadelphia. Hagert & York is located on the 1900 block of E. Hagert St. and E. York St. in the city’s Fishtown neighborhood. The building is pet-friendly and offers amenities such as a coffee house with co-working space, two rooftop lounges, fitness centers, clubrooms and EV charging stations.

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The Wildwood Apartments in Richmond, Texas
Investment SalesNewsTexas

JLL Capital Markets Brokers Sale of The Wildwood Apartments in Richmond, Texas

by Channing Hamilton

RICHMOND, TEXAS — JLL Capital Markets has brokered the sale of The Wildwood Apartments in the Houston suburb of Richmond. Price Realty Corp. acquired the asset from Allen Harrison Co. for an undisclosed price. JLL also arranged a seven-year loan through New York Life Real Estate Investors for the new owner. The Wildwood Apartments was built in 2022. The community features one- and two-bedroom units. Amenities include a conservatory, dog parks, gated entry, a package room, a clubhouse with library and kitchen, a pool and a fitness center. Dustin Selzer led …

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Beals Street Apartments in Brookline, Massachusetts
Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Brokers $5.3 Million Sale of Beals Street Apartments in Boston Suburb

by Channing Hamilton

BROOKLINE, MASS. — Marcus & Millichap have arranged the sale of Beals Street Apartments, a nine-unit property located in the Boston suburb of Brookline. Matthew Pierce of Marcus & Millichap’s Boston office marketed the property on behalf of the seller, an individual/personal trust, and procured the buyer, an LLC. Constructed in 1909, Beals Street Apartments six two-bedroom units and three studio apartments. The 12,280-square-foot asset sold for $5.3 million.

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CaliforniaDevelopmentFinanceNewsWestern

Cityview, Stockbridge Begin Constructing 265-Unit Apollo in Los Angeles’ South Bay

by Channing Hamilton

LOS ANGELES, CALIF. — Cityview and Stockbridge have broken ground on Apollo, a 265-unit development in Los Angeles’ South Bay area. Two long-term lenders of Cityview, City National Bank and Banc of California provided construction financing for the project. Apartments at Apollo will come in studio, one- and two-bedroom floor plans. Planned amenities include a pool, co-working center, fitness center, courtyards, entertainment lounge, and a community room with a kitchen for community-hosted cooking classes. Apollo is slated for completion in 2025.

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Build-to-RentDevelopmentNewsTexas

NexMetro Communities, Mosaic Break Ground on Build-to-Rent Community Near Austin, Texas

by Channing Hamilton

GEORGETOWN, TEXAS — NexMetro Communities has begun the development of Avilla Berry Creek, a 25-acre build-to-rent complex in the Austin, Texas suburb of Georgetown. Mosaic is the general contractor for the project. Avilla Berry Creek comprises 224 single-family detached homes and duplexes. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool and clubhouse, community garden and a dog park. The total development cost of the project is $66 million.

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