TAMPA, FLA. — American Landmark Apartments has acquired The Pointe on Westshore, a 444-unit community in the Westshore Marina District of Tampa. The seller and sales price were not disclosed. Situated at 4950 W. Prescott Street, The Pointe on Westshore was built in 2021. The property includes 13 five-story buildings and two-story townhomes. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, pet spa, business center and barbecue and picnic area.
COLUMBUS, GA. — Alliance Residential Co. has delivered Prose Columbus, a 340-unit property in Columbus, approximately 80 miles southwest of Atlanta. Situated at 6700 River Road, Prose Columbus offers one- and two-bedroom apartments averaging 960 square feet. Amenities include a fitness center, mailroom, business center with co-working space, dog park, a pool with tanning shelves and in-pool loungers, two grilling stations and a resident clubroom with an entertainment kitchen. Architect Dynamik Design designed the property.
DES MOINES, IOWA — A partnership between ARTISAN Capital Group and Eastham Capital has acquired Cityville on 9th, a 312-unit community located in downtown Des Moines. The property was built in three phases between 2015 and 2018. ACG secured Fannie Mae loan assumptions for two of the phases. West Bank, a local bank, provided financing for the third phase. The sale price and seller were not disclosed. Cityville on 9th offers 42 studios, 162 one-bedroom, 99 two-bedroom and 9 three-bedroom units. Amenities include a pool, dog park, courtyard, fitness center, …
COSTA MESA, CALIF. — CBRE has brokered the sale of a 12-unit multifamily property at 1993 Church Street in the Eastside neighborhood of Costa Mesa. The property also features two approved Accessory Dwelling Units. The community traded hands for $5.8 million. The buyer and seller were not disclosed.
COSTA MESA, CALIF. — CBRE has negotiated the sale of a property located at 122 Magnolia Street in the Eastside neighborhood of Costa Mesa. Dan Blackwell and Mike O’Neill brokered the deal. The non-exchange buyer was based in Orange County, while the seller was a private investor headquartered in Newport Beach, California. Built in 1961 on a 4,028-square-foot lot, the property comprises four one-bedroom units. Each apartment is separately metered for gas and electricity and comes with one designated parking space. The community also features a laundry area with coin-operated …
BOERNE, TEXAS — David B. Norton Inc. has negotiated $18.7 million in construction and equity financing for a 125-unit development in the northwest San Antonio suburb of Boerne. The borrower and direct lender were not disclosed. The project will comprise 98,000 square feet of rentable space across five stories. Units will come in studio, one- and two-bedroom floor plans with an average size of 782 square feet. Construction will begin immediately and is slated to complete in about 18 months.
ATLANTA — SHR Resi, a wholly owned subsidiary of Songy Highroads, has completed The Howell in Atlanta’s Upper Westside neighborhood. The Howell comprises 212 units in one-, two- and three-bedroom layouts. Amenities include a pool with a deck, co-working space, clubhouse, pet run and pet spa, fitness center, open-air lounge on the seventh floor and a gated and covered parking garage. The property also includes 3,500 square feet of ground-level retail space. Gables Residential will manage the community.
COSTA MESA, CALIF. — CBRE has arranged the sale of a six-unit property located at 2666 Orange Ave. in the Eastside neighborhood of Costa Mesa. The asset traded hands for $3.2 million. The community was built in phases in 1954, 1956 and 1965. The property comprises five buildings totaling 4,500 square feet on a 0.4-acre lot. The unit mix includes three detached two-bedroom bungalows, a pair of two-bedroom duplex units and one single-family detached residence. Dan Blackwell and Mike O’Neill represented both the buyer and the seller in the transaction. …
KANSAS CITY, MO. — JLL Capital Markets had arranged $12.9 million equity investment for the construction of 3rd and Grand, a 245-unit community in the River Market neighborhood of downtown Kansas City. The borrowers were EPC Real Estate Group and Copaken Brooks. JLL worked on behalf of the borrower to secure the investor, a national fund manager. Mark Erland and Kevin Barron led the JLL Capital Markets team. 3rd and Grand is situated at 201 and 255 Grand Blvd. The five-story development will house studio, one- and two-bedroom apartments. Planned …
WESTFORD, MASS. — Adirondack Capital Partners has negotiated the sale of Abbot Mill, a 234-unit property in the northwestern Boston suburb of Westford. Aker purchased the asset from an undisclosed local developer for $102.5 million. Michael Hunter Coghill and David Johnson of Adirondack Capital Partners brokered the deal. Abbot Mill is the first phase of the redevelopment of a historic mill, which was originally built in the 1870’s, according to Apartments.com. The community offers one- and two-bedroom apartments. Amenities include a fitness center, business center, clubhouse and a lounge.
