MIAMI — Cushman & Wakefield has hired Roberto Pesant as executive managing director. Pesant will focus on institutional multifamily investment sales and multifamily land transactions in South Florida. Pesant has more than 20 years of experience in Florida commercial real estate, most recently as senior managing director with Berkadia. Pesant joins Cushman & Wakefield’s existing Florida multifamily team led by Vice Chairs Nick Meoli and Mike Donaldson.
PLANO, TEXAS — Texas State Affordable Housing Corp. (TSAHC), DMA Cos. and other stakeholders have opened The Park on 14th, an affordable housing community in Plano with 62 apartments reserved for households earning no more than 80 percent of area median income. TSAHC owns the land and partnered with DMA to develop the community. The development costs were approximately $17.2 million, with the bulk of financing provided by a U.S. Department of Housing and Urban Development (HUD) loan and equity from TSAHC. Amenities at the Park on 14th include community …
LAKE WORTH, FLA. — Berkadia has arranged a $57 million loan on behalf of Midtown Capital Partners. The pre-TCO (temporary certificate of occupancy) loan was funded by Infinity Collective and will be used to refinance the existing construction loan on Astor Sound at Lake Worth. The 230-unit community, which is nearing completion, will consist of four residential buildings and a clubhouse on a 6.5-acre site next to a canal. Amenities include a resort-style pool and pavilion with an outdoor kitchen, a fitness center, a dog park and spa, coworking space, …
HOUSTON — Hanover Co. and Mitsui Fudosan American have wrapped construction of Buffalo Bayou, a 40-story high-rise set within the 14-acre Autry Park mixed-use development in Houston. Autry Park sits about two miles west of downtown Houston along the western edge of the 160-acre Buffalo Bayou Park. Locally based developer Hanover Co. and Boston-based partner Lionstone Investments are Autry Park’s master developers. Buffalo Bayou consists of 317 units and 5,000 square feet of retail space. It joins two other existing multifamily communities, Hanover Autry Park, a 24-story, 324-unit complex, and …
OGDEN, UTAH — Institutional Property Advisors (IPA) has arranged the sale of Christopher Village, a 114-unit property in Ogden. The buyer was Highland Partners, and the seller and sales price were not disclosed. Christopher Village was built in 1962 and features a resort-style pool, a laundry facility and reserved covered parking. Apartments have fireplaces, storage space, dishwashers and air conditioning. IPA’s Danny Shin and Brock Zylstra represented the seller.
ORLANDO, FLA. — Wood Partners has begun construction of The Edgewater, a 328-unit community in Orlando. Fifty-six of the units will directly overlook Lake Fairview. The asset is part of Wood Partners’ attainable housing initiative. According to the company, cost savings achieved by selecting suburban sites rather than urban locations and producing an efficient design allow for a lower price point for renters. The Edgewater will feature a mix of one-, two- and three-bedroom units. The Atlanta-based developer did not disclose the project team, construction timeline or rental rates.
POOLER, GA. — 360 Communities, an affiliate of Freehold Capital Management and Rockpoint, has secured a $38.7 million construction loan to develop Clear Lake Reserve, a rental townhome community in Pooler, 10 miles west of Savannah. JLL arranged the floating-rate, three-year loan through Western Alliance Bank. The 199-unit community will include three- and four-bedroom floor plans, each with an attached, two-car garage, private driveway and covered porch. Amenities will include a resort-style pool, a fitness center, basketball and pickleball courts, a clubroom, a brick fire pit, a dock overlooking a …
FREDERICK, MD. — Newmark has arranged a fixed-rate, Fannie Mae loan for The Goldstar Group to refinance EDE in Frederick. The loan was provided through Fannie Mae’s Near Stabilization Program, which allows the borrower to pay off a construction loan prior to stabilization. Qualifications depend on several factors, including the company’s financial health and development track record. The amount of the loan was not disclosed. Newmark’s team was led by Adam Randall, John Westby-Gibson and Drake Blodgett. Bethesda, Maryland-based The Goldstar Group developed EDE in 2024. JAG Management Co. is …
GARDEN GROVE, CALIF. — CBRE has arranged the sale of two communities in Garden Grove, about 22 miles west of Long Beach. Each property is approximately 40 years old and has never been on the market. The transactions involved separate buyers and sellers. The first property, Meadow Grove, is a 33-unit community at 13882 Clinton St. that sold for $12.9 million. It was developed in 1985. The unnamed seller was the heir of the original developer. The second property is Nutwood Street, which includes 15 units located at 12841–12879 Nutwood …
LAS VEGAS — MG Properties has acquired The Pearl at St. Rose from an affiliate of the CONAM Group for $64 million. The asset was built in 2000 and is located within the Silverado Ranch master-planned community in Southeast Las Vegas. This trade marks San Diego-based MG Properties’ ninth acquisition so far in 2025. The 270-unit Pearl at St. Rose offers amenities such as a pool and hot tub, a fitness center, a dog park and a clubhouse. CONAM was represented by Charles Steele, John Cunningham and Jared Glover of …
