News

Stoneybrook Heights Apartments in Johnson City, Tennessee
Affordable HousingInvestment SalesNewsSoutheastTennessee

Blue Vista Capital Partners Acquires Stoneybrook Heights Apartments in Johnson City, Tennessee

by Channing Hamilton

JOHNSON CITY, TENN. — Blue Vista Capital Partners has acquired Stoneybrook Heights Apartments, an apartment complex in the eastern Tennessee city of Johnson City. Stoneybrook Heights was built in 1998 through the LIHTC program and will become a fully market-rate property in the second half of 2024. Currently, 45 percent of units are market rate. Rent restrictions for the property were not disclosed. The community comprises 88 units across 11 two-story buildings, as well as a single-story leasing office. Units come in two-, three- and four-bedroom layouts.

Continue Reading
0 FacebookTwitterLinkedinEmail
129 S. Olive St. in Anaheim, California
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $5.9 Million Sale of Townhome Community in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — CBRE arranged the sale of a 14-unit community located at 129 S. Olive St. in Anaheim. The property sold to a private investor for $5.9 million. The community was built in 1986 on approximately 15,500 square feet and offers two-bedroom townhome-style floor plans. The property was recently renovated with new paint and replacement of the exterior wood. Dan Blackwell represented the buyer and seller, which was also not disclosed, in this transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Laurent in Charlotte, N.C.
DevelopmentNewsNorth CarolinaSoutheast

Greystar Breaks Ground on Laurent in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Greystar has broken ground on Laurent, a community located within the Rea Farms suburban center in Charlotte. Rea Farms features over 250,000 square feet of retail space. Laurent will bring 305 rental units to the center, including studio, one-, two- and three-bedroom apartments, as well as townhome-style units. The parcel was initially zoned for office space. Greystar, in cooperation with Lincoln Harris, rezoned the site to include apartments. Laurent is slated for completion in early 2025, with pre-leasing to begin in the second half of 2024.

Continue Reading
0 FacebookTwitterLinkedinEmail
Bainbridge Market Commons in Frederick, Maryland
DevelopmentMarylandNewsNortheast

The Bainbridge Cos. Opens Bainbridge Market Commons in Frederick, Maryland 

by Channing Hamilton

FREDERICK, MD. — The Bainbridge Cos. has opened Bainbridge Market Commons, a 344-unit community in Frederick in western Maryland. Bainbridge Market Commons offers one, two, and three-bedroom apartments with stainless steel appliances, washers and dryers, plank flooring, ceiling fans, LED light fixtures and Wi-Fi smart thermostats. Amenities include a fitness center, co-working spaces, EV chargers, a dog park, outdoor playground, pool with cabanas, clubhouse and package room. The property is in the city’s Tech/Biotech Corridor, which The Bainbridge Cos. states is ranked in the top five for largest life science clusters in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Park Station in Midvale, Utah
Investment SalesNewsUtahWestern

Peak Capital Partners Acquires 96-Unit Park Station Near Salt Lake City

by Channing Hamilton

MIDVALE, UTAH — Peak Capital Partners has purchased Park Station from Benedict Canyon Equities for an undisclosed price. Brock Zylstra and Danny Shin of Institutional Property Advisors represented the seller and procured the buyer. Park Station is a 96-unit community in Midvale, 12 miles south of Downtown Salt Lake City. The property was constructed in 1974 and offers one- and two-bedroom floor plans. Amenities include a children’s playground, laundry facilities, and covered parking. 

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaDevelopmentNewsWestern

Thompson Thrift to Develop 308-Unit Stella Near Phoenix

by Channing Hamilton

SAN TAN VALLEY, ARIZ. — Thompson Thrift is set to begin construction on Stella, a 308-unit community in the Phoenix suburb of San Tan Valley, this month. This will be Thompson Thrift’s sixth community in Arizona. Stella will comprise 12 two- and three-story buildings, as well as green spaces, a pool, two pickleball courts, two dog parks. Units will come in one-, two- and three-bedroom floor plans and include features such as quartz countertops, hardwood-style flooring, stainless steel appliances, internet access, ceiling fans, washers and dryers, smart thermostats and an …

Continue Reading
0 FacebookTwitterLinkedinEmail
Casa Bel Mar in Tampa, Florida
DevelopmentFloridaNewsSoutheast

Archway Partners to Develop Affordable Community in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — Archway Partners is developing Casa Bel-Mar, an affordable housing development in Tampa. FK Architecture designed the exterior and interior of the property. Casa Bel-Mar comprises 100 one- and two-bedroom units, which were subsidized for low-income residents earning between 30 to 80 percent of the area’s median income. Amenities include a community center, tech lab and fitness center. Archway Partners broke ground on Casa Bel-Mar in June. The wait list opened in the summer of 2022, and the community has since received approximately 18,000 applications.

Continue Reading
0 FacebookTwitterLinkedinEmail
Prose New Hope in Raleigh, N.C.
DevelopmentNewsNorth CarolinaSoutheast

Alliance Residential Opens Prose New Hope in Raleigh, North Carolina

by Channing Hamilton

RALEIGH, N.C. — Alliance Residential Co. has opened Prose New Hope, a 344-unit community in northeast Raleigh. Prose New Hope offers one- and two-bedroom units with features such as granite countertops, stainless steel appliances, chrome plumbing fixtures and plank flooring. Amenities include a clubroom with an entertainment kitchen, pool with two outdoor grill stations, business center, fitness center and package lockers. The design team for the project includes architect Cline Design Associates and engineer McAdams, both locally based.

Continue Reading
0 FacebookTwitterLinkedinEmail
Champion Townhomes in Davenport, Florida
FloridaInvestment SalesNewsSoutheast

First National Realty Partners Acquires Champion Townhomes in Davenport, Florida

by Channing Hamilton

DAVENPORT, FLA. — First National Realty Partners has acquired Champion Townhomes, a 132-unit townhome-style community in Davenport. Davenport is a city in central Florida, approximately 40 miles from Orlando and 16 miles from Winter Haven, Florida. The deal was co-sponsored by Southport Financial. Champion Townhomes offers two- and three-bedroom floor plans and community amenities such as a pool, dog park, in-unit washers and dryers and personal garage spaces. Each unit will feature granite countertops, wood and tile flooring, double sink vanities, and energy-saving double-pane windows.

Continue Reading
0 FacebookTwitterLinkedinEmail
Residences at Bolivar in Cleveland, Ohio
DevelopmentFinanceMidwestNewsOhio

SomeraRoad Secures $38.5 Million Construction Financing for Residences at Bolivar in Cleveland

by Channing Hamilton

CLEVELAND — SomeraRoad Inc. has acquired $38.5 million in construction financing, in addition to Co-GP equity, for the development of Residences at Bolivar in downtown Cleveland. Leon McBroom, David Gaines, Lucas Borges and Will Haass of JLL Capital Markets represented the borrower. JLL arranged the loan through a Midwestern regional bank and also secured Co-GP equity investment with LCI Development Partners, an affiliate of Leopardo Companies, who is acting as the General Contractor on the project.  Residences at Bolivar will include 184 rental units, as well as 2,611 square feet of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.