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Solo at North Bergen in North Bergen, N.J.
Investment SalesNew JerseyNewsNortheast

Denholtz Properties Acquires Solo at North Bergen in Hudson County, New Jersey

by Channing Hamilton

NORTH BERGEN, N.J. — Denholtz Properties has acquired Solo at North Bergen in North Bergen, a city in New Jersey’s Hudson County. Solo at North Bergen was completed in 2023 and offers 214 units across four buildings. Amenities include a 5,000-square-foot clubhouse with billiards tables, fitness center, pool with grilling stations and a sauna, dog run and package room. The property is located near the Tonnelle Avenue Light Rail Station and an NJ Transit bus stop with direct access to New York City, as well as the Port Imperial/Weehawken ferry …

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DevelopmentInvestment SalesKansasMidwestNews

Block & Co. Brokers Sale of 12.8-Acre Development Site in Overland Park, Kansas

by Channing Hamilton

OVERLAND PARK, KAN. — Block & Co. Inc Realtors has brokered the sale of a 12.8-acre site on the southwest corner of 135th Street and Antioch Road in Overland Park. David Block and Mark McConahay of Block & Co. represented the undisclosed seller. The buyer plans to develop an apartment complex on the site. Construction is expected to begin immediately, with completion slated for 2024. Block & Co. will market the remaining 4.2 acres of land that runs along the north edge of the property along 135th Street. Four pad …

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Investment SalesNewsTexas

Harbor Group International Acquires The Warner in Austin Suburb

by Channing Hamilton

ROUND ROCK, TEXAS — Harbor Group International has acquired The Warner, a 336-unit complex in the north Austin suburb of Round Rock. Newmark’s Patton Jones facilitated the transaction. The Warner was built in 2022. Community amenities include a fitness center, a pool with outdoor kitchens, a lounge, dog park and a parking garage with EV charging stations. The Warner was 98 percent leased as of July 2023. The property is located near several tech company campuses, including Dell’s corporate headquarters, Apple’s Austin campus and Samsung’s semiconductor manufacturing facility, which is scheduled for completion in …

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FloridaInvestment SalesNewsSoutheast

Blaze Capital Partners Acquires 203-Unit Integra Lakes Near Orlando, Florida

by Channing Hamilton

CASSELBERRY, FLA. — Blaze Capital Partners has purchased Integra Lakes, a 203-unit community in the northeast Orlando suburb of Casselberry. The community was built in 2017 and comprises four buildings. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool and an outdoor cabana area with a fire pit, barbeque grills and TVs. Blaze Capital Partners plans to renovate the community with updates to unit interiors and common areas.

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The Helm in San Diego
Affordable HousingCaliforniaDevelopmentNewsWestern

Affirmed Housing Completes 77-Unit Mixed-Income The Helm in San Diego

by Channing Hamilton

SAN DIEGO — Affirmed Housing has finished developing The Helm, a mixed-income community in San Diego’s Cortez Hill neighborhood. The Helm offers 77 studio units and one two-bedroom manager apartment across seven stories. Of the total unit count, 32 are affordable to tenants earning 30 percent of the area median income (AMI), four to those earning 60 percent AMI and the remaining 41 are for households earning 80 percent AMI. The 30 percent AMI studios receive project-based vouchers, which are issued by the San Diego Housing Commission. The property also includes …

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Aquino in San Jose, California
CaliforniaCompany NewsFinanceNewsWestern

Urban Catalyst Launches New Fund to Develop 272-Unit Project in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — Urban Catalyst has launched a new fund, UC Multifamily Equity I LLC (UCME), focused on the development of a 272-unit building in San Jose. The property, called Aquino, will offer studio, one-, two-, and three-bedroom apartments. Amenities will include private co-working offices, a bar and lounge, a fitness center with a yoga studio, a dog run and a courtyard. Urban Catalyst has structured UCME as a real estate operating company, which allows it to accept funding from qualified retirement accounts such as IRAs and 401(k) plans.

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Casa Verde in San Diego
CaliforniaDevelopmentFinanceNewsWestern

JLL Arranges $28 Million in Financing for Casa Verde in San Diego

by Channing Hamilton

SAN DIEGO — JLL Capital Markets has arranged $28 million in construction take-out financing for Casa Verde, a 94-unit community in San Diego’s North Park neighborhood. Olga Walsh and Jack Wood of JLL led the team that secured the non-recourse floating-rate bridge loan on behalf of the borrower, Champion Real Estate Investments. The new loan retired a high-leverage construction loan, covered transaction costs and carry reserves, and provided significant cash out to the sponsor while allowing sufficient time for stabilization in anticipation of permanent financing. Casa Verde offers studio and one-bedroom …

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Avilla Palomino in Glendale, Ariz.
ArizonaBuild-to-RentDevelopmentNewsWestern

NexMetro Communities, Mosaic Break Ground on Build-to-Rent Community in Glendale, Arizona

by Channing Hamilton

GLENDALE, ARIZ. — NexMetro Communities has broken ground on Avilla Palomino, a 197-unit build-to-rent community in the Phoenix suburb of Glendale. Mosaic is the general contractor for the development. Avilla Palomino will offer duplex and single-family detached units across an 18-acre site. Units will come in one-, two- and three-bedroom floor plans. Amenities include a pool with a spa, shaded pavilion, barbeque areas and a dog park with a dog wash station. A construction timeline for the project was not disclosed.

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ArizonaInvestment SalesNewsWestern

Olympus Property Acquires 111-Unit Trailside Apartments in Flagstaff, Arizona

by Channing Hamilton

FLAGSTAFF, ARIZ. — Olympus Property has acquired Trailside Apartments, a 111-unit community in Flagstaff, for an undisclosed price. Trailside Apartments was built in 2020 and was built by Chason Affinity Cos. Units come in studio, one- and two-bedroom floor plans, ranging from 463 to 951 square feet in size. Amenities at Trailside Apartments include a clubhouse, business center, fitness center, steam room and an outdoor fireplace. The property is located less than a mile away from Northern Arizona University, the largest employer in the region.

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CaliforniaInvestment SalesNewsPeople NewsWestern

Northmarq Adds Joel Cukier and Noah Kenoyer to Los Angeles Commercial Investment Sales Team

by Channing Hamilton

LOS ANGELES — Northmarq has hired Joel Cukier as senior vice president to the company’s commercial investment sales team in Los Angeles. Cukier began his career in luxury high-rise management and development in New York. Most recently, he spent seven years working with a national firm focused on corporate real estate advisory. Cukier is joined by Noah Kenoyer, who joins the team as an associate. The commercial investment sales team will focus on net lease real estate and corporate sale leaseback advisory.

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