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Post House in Evansville, Indiana
IndianaInvestment SalesMidwestNews

CBRE Brokers Sale of 159-Unit Post House in Evansville, Indiana

by Channing Hamilton

EVANSVILLE, IND. — CBRE has arranged the sale of Post House, a 159-unit property located at 215 Vine St. in Evansville. Hannah Ott, George Tikijian, Cam Benz, Claire Bullard and Ryan Stockamp of CBRE represented the seller, Scannell Properties, in the transaction. Prosperity Commercial Real Estate was the buyer. The sales price was not disclosed. Post House was constructed in 2020. The community offers studio, one- and two-bedroom units that average 894 square feet, as well as 15 loft-style, live-work units. Amenities include a pool, covered outdoor seating, yoga room, …

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FinanceNewsTexas

PACE Equity Provides $5.1 Million in Financing for The Travis Building in San Antonio

by Channing Hamilton

SAN ANTONIO — PACE Equity has provided $5.1 million in C-PACE (commercial property-assessed clean energy) financing for The Travis Building in San Antonio. The borrower was not disclosed. According to Apartments.com, The Travis Building consists of 63 apartments across 10 stories. The building was constructed in 2023 and features amenities such as a fitness center, business center and onsite laundry facilities.

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The Ludlow in Chicago
IllinoisLeasing & MarketingMidwestNews

Peak Properties Awarded Management of 121-Unit The Ludlow in Chicago 

by Channing Hamilton

CHICAGO — Peak Properties has been awarded management of The Ludlow, a 131-unit property located in Chicago’s Lincoln Park neighborhood. Located at 2032 N Clybourn, the community is the adaptive reuse of the former Ludlow Typograph Company Building, which was originally built in 1913 and became defunct in 1974, according to the City of Chicago. The Ludlow consists of five buildings. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a rooftop lounge, fitness center with infrared sauna and yoga studios, demonstration kitchen, media room, co-working lounge, …

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Parkside Heights in Lexington, Kentucky
FinanceKentuckyNewsSoutheast

JLL Capital Markets Arranges Refinancing for 149-Unit Parkside Heights in Lexington, Kentucky

by Channing Hamilton

LEXINGTON, KY. — JLL Capital Markets has arranged a Fannie Mae loan for the refinancing of Parkside Heights, a 149-unit community situated at 320 Hannah Todd Place in Lexington. The property was constructed on 9.4 acres between 2020 and 2022. Parkside Heights offers one-, two-, and three-bedroom apartments. Amenities include a fitness center, pool, clubhouse and on-site maintenance. The property also includes 255 parking spaces. Parkside Heights was 98 percent occupied at the time of sale. JLL worked on behalf of Arcadia Street Capital to originate the seven-year fixed rate, interest only loan. …

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Investment SalesNew YorkNewsNortheast

Rosewood Realty Group Brokers Sale of 123-Unit Property in Brooklyn

by Channing Hamilton

NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has negotiated the sale of a 123-unit property located at 275 Park Ave. in Brooklyn. The seven-story building was originally constructed in 1920 and renovated earlier this year.  The property also includes five commercial spaces. Aaron Jungreis, Ben Khakshoor and Alex Fuchs of Rosewood Realty Group represented the seller, Fairstead, and procured the buyer, Thor Equities. The sales price was not disclosed. However, the asset traded hands for $325 per square foot.

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515@Royster in Madison, Wisconsin
Investment SalesMidwestNewsWisconsin

CBRE Brokers $34 Million Sale of Two Communities in Madison, Wisconsin

by Channing Hamilton

MADISON, WIS. — CBRE has brokered the sale of Royster Commons and 515@Royster, two properties totaling 174 units in Madison. Weidner Apartment Homes purchased the assets from Ruedebusch Development & Construction for $34 million. Royster Commons was built in 2019 and features 86 apartments. The average unit size is 956 square feet. Built in 2022, 515@Royster comprises 88 units with an average size of 761 square feet. Gretchen Richards, Patrick Gallagher, Matson Holbrook and Ted Nevermann of CBRE represented the seller in the deal. CBRE also provided acquisition financing for …

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Investment SalesNewsTexas

Muskin | Elam Arranges Sale of 124-Unit Summer Grove in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Muskin | Elam Group has arranged the sale of Summer Grove, a 124-unit property in Austin. Monterra Capital Partners purchased the asset for an undisclosed price. Daniel Elam of Muskin | Elam Group represented the undisclosed, Chicago-based seller in the deal. Summer Grove was built in 1984. The garden-style community offers one- and two-bedroom floor plans. Community amenities include a pool, fitness center and pet park.

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EightyOne 10 Blue Goose in Manor, Texas
Investment SalesNewsTexas

American Landmark Apartments Purchases 300-Unit Alta Blue Goose Near Austin, Texas

by Channing Hamilton

MANOR, TEXAS — American Landmark Apartments has purchased Alta Blue Goose, a 300-unit property located at 8110 Blue Goose Rd. in the Austin, Texas suburb of Manor. Alta Blue Goose was built in 2023. The community offers studio, one-, two- and three-bedroom floor plans. Amenities include private work offices and conference rooms, a pool, Wi-Fi, fitness center and clubroom. The new owner will rebrand the property as EightyOne 10 Blue Goose.

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Investment SalesNewsTexas

TruAmerica, Spoke Real Estate Capital Acquire Sheridan Park at Spring Creek Apartments in Dallas Suburb for $50.3 Million

by Channing Hamilton

PLANO, TEXAS — A partnership consisting of TruAmerica Multifamily and Spoke Real Estate Capital has purchased Sheridan Park at Spring Creek Apartments, a 300-unit community in the Dallas suburb of Plano. The asset traded hands for $50.3 million. Sheridan Park at Spring Creek Apartments offers one-, two- and three-bedroom apartments. Units feature wood burning fireplaces, private patios, washer and dryer connections and private backyards. Amenities include a fitness center, two pool areas and a resident lounge. Greg Toro and Rob Key of JLL represented the buyers and the undisclosed seller …

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FinanceNew YorkNewsNortheast

Greystone Provides $21.5 Million Refinancing for Two Properties in New York City

by Channing Hamilton

NEW YORK CITY — Greystone has provided a total of $21.5 million in Fannie Mae Delegated Underwriting & Servicing loans to refinancing two communities in New York City’s Harlem neighborhood. Greystone provided $11.4 million for The Duke, a 28-unit building located at 521 W. 134th St., and $10.1 million for The Count, a 27-unit asset located at 168 W. 136th St. Each of the non-recourse, fixed-rate loans in the portfolio carries a five-year term and 30-year amortization schedule, with interest-only payments for the first two years of the term. Avi Kozlowski …

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