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Residences at Mazza in Washington, D.C.
DevelopmentLeasing & MarketingNewsNortheastWashington, D.C.

Tishman Speyer Begins Pre-Leasing 321-Unit Community in Washington, D.C.

by Channing Hamilton

WASHINGTON, D.C. — Tishman Speyer, along with property management firm Bozzuto, has launched pre-leasing at Residences at Mazza, a 321-unit mixed-use project located at 5300 Wisconsin Ave. NW within the Friendship Heights neighborhood of Washington, D.C. The site is situated within a block from the Friendship Heights Metro station. Residences at Mazza will offer 321 apartments, townhomes and penthouses. Amenities will include a coworking lounge, rooftop lounge, fitness center, central courtyard with a lap pool and media room. The property will also include a 70,000-square-foot retail concourse. The design team …

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Old Town Square in Pompano Beach, Florida
FinanceFloridaNewsSoutheast

Adache Secures $59 Million Loan for Refinancing of Property in Pompano Beach, Florida

by Channing Hamilton

POMPANO BEACH, FLA. — Adache Real Estate has received a $59 million loan for the refinancing of Old Town Square, a 281-unit property located at 200 N.E. 1st Ave. in Pompano Beach. Built in 2024, the mid-rise community offers studio, one- and two-bedroom units. Amenities include a pool with a hot tub, kitchen with barbecue grills, gaming deck, fitness center, sauna, coworking lab, community bicycles, on-site mini market and a dog run. David Gahagan, Chris Hammel and Chandler Kaye of Northmarq’s West Palm Beach office arranged the loan through an undisclosed …

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West 8th in Golden, Colorado
ColoradoInvestment SalesNewsWestern

Confluence Cos. Purchases Asset in Golden, Colorado for $47.5 Million

by Channing Hamilton

GOLDEN, COLO. — Confluence Cos. has purchased West 8th, a 99-unit community located at 1410 8th St. in Golden, roughly 15 miles west of Denver. MIG Real Estate sold the property for $47.5 million. David Potarf, Dan Woodward, Matt Barnett and Jake Young of Walker & Dunlop Denver Investment Sales handled the transaction for the seller and buyer.

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Cascade at Town Center in Eden Prairie, Minnesota
Investment SalesMidwestMinnesotaNews

FPA Multifamily Purchases 204-Unit Community Near Minnesota

by Channing Hamilton

EDEN PRAIRIE, MINN. — FPA Multifamily has purchased Cascade at Town Center, a 204-unit community in Eden Prairie, 18 miles southwest of Minneapolis. The community was bult in 2001 with 18 additional apartments added in 2018. The average unit size is 1,158 square feet. Amenities include a gym, clubroom, indoor pool, courtyard and garage parking. Josh Talberg, Joseph Peris and Mark Stern of JLL represented both the seller, a joint venture between Harbert Management and Magellan Investment Partners, and the buyer. Elliott Throne and Scott Loving of JLL originated acquisition …

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FinanceFloridaNewsSoutheast

NewPoint Provides $50 Million Loan to Refinance Community Near Tampa, Florida

by Channing Hamilton

PLANT CITY, FLA. — NewPoint Real Estate Capital LLC has provided a $50 million lease-up bridge loan to Hillpointe LLC for the refinancing of Pointe Grand Plant City, a 300-unit asset located in Plant City, approximately 24 miles east of Tampa, Florida. Trevor Ritter of NewPoint originated the two-year, floating rate, interest-only loan. Pointe Grand Plant City consists of 10 three-story buildings that house two-bedroom units. Shared amenities include a pool, fitness center, clubhouse with coffee and tea bar, business center with conference room, picnic area with barbecue grills, community …

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Affordable HousingDevelopmentNewsNortheastWashington, D.C.

HUD Cuts Contracts for Affordable Housing Developers Under DOGE Directive

by Channing Hamilton

WASHINGTON, D.C. — The Trump administration has halted at least $60 million in financing intended for affordable housing developments across the nation, according to the Associated Press. At the direction of the Department of Government Efficiency (DOGE), the U.S. Department of Housing and Urban Development (HUD) has terminated contracts for at least two of the three organizations in its Section 4 program, which the Associated Press states could stall the development of hundreds of affordable housing projects across the United States. The Section 4 program, also known as the Capacity Building for …

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ARIUM Sunrise in Sunrise, Florida
FloridaInvestment SalesNewsSoutheast

Partnership Acquires 400-Unit Community in Sunrise, Florida

by Channing Hamilton

SUNRISE, FLA. — FCP, in partnership with BMC Investments and The RMR Group, has bought ARIUM Sunrise, a 400-unit asset in Sunrise, approximately 10 miles east of Fort Lauderdale, Florida. ARIUM Sunrise was built in 1998 and was 94 percent occupied at the time of sale. Amenities include a pool, clubhouse and fitness center. Additionally, the partnership plans to upgrade 32 of the units. Wells Fargo provided financing for the acquisition. Robert Given and Zachary Sackley of CBRE represented the seller in the deal. Charles Crapse and Denny St. Romain, …

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Encore 380 Apartments in Aubrey, Texas
Investment SalesNewsTexas

SPI Advisory Purchases 416-Unit Community Near Dallas

by Channing Hamilton

AUBREY, TEXAS — SPI Advisory, an investment firm with offices in Dallas and Austin, Texas, has purchased Encore 380 Apartments, a 416-unit asset in Aubrey, approximately 50 miles north of downtown Dallas. Eastdil Secured represented the undisclosed seller in the deal. Formerly known as Century 380 Apartments, the garden-style community was built in 2017. SPI plans to renovate the community with upgrades to the property exterior, common areas and amenity spaces. The new ownership will also add washers and dryers to all units.

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Venture on Colter in Phoenix
ArizonaInvestment SalesNewsWestern

Neighborhood Ventures Acquires 123-Unit Property in Phoenix

by Channing Hamilton

PHOENIX — Neighborhood Ventures (NV), a real estate crowdfunding company based in Phoenix, has purchased Venture on Colter, a 123-unit property in Phoenix. NV purchased the asset directly from an undisclosed lender for $13 million, a 20 percent discount from the community’s value in 2022. The company has raised $4.5 million from 95 investors for the property. NV estimates that, after implementing new property management and leasing strategies, Venture on Colter will be fully occupied within the next six months.

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Affordable HousingDevelopmentNew JerseyNewsNortheast

Walters Underway on Affordable Housing Development in Hainesport, New Jersey

by Channing Hamilton

HAINESPORT, N.J. — New Jersey-based developer Walters is underway on the development of Cornerstone at Hainesport, a 73-unit affordable housing project in Hainesport, roughly 23 miles east of Philadelphia. The property will consist of six buildings. Units will come in one-, two- and three-bedroom layouts. The community will be available to households earning 60 percent or less of the area median income. Amenities include a basketball court, children’s play area and a clubhouse with computer workstations. The first apartments are expected to be available for occupancy by December.

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