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The Valencia Apartments in Phoenix
ArizonaFinanceNewsWestern

JLL Capital Markets Arranges $10.7 Million to Refinance The Valencia Apartments in Phoenix

by Channing Hamilton

PHOENIX — JLL Capital Markets has arranged a $10.7 million loan to refinance of The Valencia Apartments, a garden-style community in Phoenix. The borrower was CALCAP Advisors. Built in 1983, The Valencia Apartments offers 127 units across two stories. The property was recently renovated with updates to unit fixtures, hardware, exteriors and common areas. Amenities include two pools, a sundeck and covered parking. JLL worked on behalf of the borrower to secure the fixed-rate, five-year Fannie Mae loan. Brad Miner, Elle Miraglia and Frank Choumas led the JLL Capital Markets Debt …

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Audubon Estates in Alexandria, Virginia
FinanceNewsSoutheastVirginia

JLL Negotiates Refinancing for 700-Site Manufactured Housing Community in Alexandria, Virginia

by Channing Hamilton

ALEXANDRIA, VA. — JLL Capital Markets has arranged the refinancing for Audubon Estates, a 700-site manufactured housing community in the Washington, D.C. suburb of Alexandria. JLL worked on behalf of the borrower, Hometown America, to secure the seven-year, fixed-rate loan through Freddie Mac. Zach Koucos, Chris Collins and Bharat Madan led the JLL Capital Markets Debt Advisory team. JLL Real Estate Capital, a Freddie Mac Optigo lender, will service the financing. Audubon Estates was built in 1972 at 7930 Audubon Ave. According to JLL, the property was 100 percent occupied at the time …

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Investment SalesNewsTexas

Matthews Real Estate Investment Services Brokers Sale of Marsol Apartments in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Matthews Real Estate Investment Services has negotiated the sale of Marsol Apartments, a 22-unit complex located just northwest of Austin’s downtown area. The property was originally constructed in 1972 and was recently renovated. Richard Waterhouse and Tyler Marshall of Matthews Real Estate Investment Services represented the seller in the deal. Neither the seller nor buyer were disclosed.

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ArizonaDevelopmentNewsWestern

Capital Square, Sunstone Two Tree Begin Constructing $49 Million Build-to-Rent Complex Near Phoenix

by Channing Hamilton

GLENDALE, ARIZ. — Capital Square and Sunstone Two Tree have broken ground on Ironwood Homes at Rosefield, a new build-for-rent community in the Phoenix suburb of Glendale. The 320-unit complex will be situated on a 29-acre lot at the southeast corner of Northern Parkway and N. Sarival Avenue. The partnership acquired the lot in September. Capital Square Glendale BFR is currently raising $49 million in equity from accredited investors for the complex’s development. Ironwood Homes at Rosefield will offer 102 detached single-family homes, as well as 218 townhomes. Units will …

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39 High Street in Jersey City, New Jersey
Investment SalesNew JerseyNewsNortheast

JLL Capital Markets Brokers $18.6 Million Refinancing for 39 High Street in Jersey City, New Jersey

by Channing Hamilton

JERSEY CITY, N.J. — JLL Capital Markets has arranged a $18.6 million loan to refinance 39 High Street, an 83-unit property in the Journal Square neighborhood of Jersey City. Recently built in 2023, 39 High Street rises six stories and offers studio, one-, two- and three-bedroom floor plans. Amenities include a fitness center, children’s playroom, lounge and a rooftop terrace. Matthew Pizzolato, Max Custer and John Cumming of JLL represented the borrower, a partnership between Spitzer Enterprises and Titanium Realty Group, to secure the fixed-rate loan through a correspondent life …

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Investment SalesNew JerseyNewsNortheast

CBRE Brokers $5.5 Million Sale of 30,000-Square-Foot Site in North Bergen, New Jersey

by Channing Hamilton

NORTH BERGEN, N.J. — CBRE has brokered the sale of a 30,000-square-foot development site in the New York City suburb of North Bergen. The site is located at 8709 River Road, across from the Edgewater Harbor lifestyle center. AIRN Management sold the community to a locally-based developer for $5.5 million. Fahri Ozturk, Richard Gatto, Zach McHale and Jeff Babikian of CBRE represented the seller and procured the buyer.

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Roselle Luxury Apartments in Roselle, Illinois
IllinoisInvestment SalesMidwestNews

DMG Capital, JDI Realty, The Wolcott Group Acquire Roselle Luxury Apartments Near Chicago

by Channing Hamilton

ROSELLE, ILL. — A partnership consisting of DMG Capital, JDI Realty and The Wolcott Group has acquired Roselle Luxury Apartments in the western Chicago suburb of Roselle. DMG Capital is the multifamily investment affiliate of Chicago-based Daniel Management Group (DMG). DMG has managed Roselle Luxury Apartments since September 2022. Post-acquisition, the company will continue to manage the property and will lease it through DMG Leasing. Roselle Luxury Apartments offers 72 units, all of which include two bedrooms and two full bathrooms.

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Cortona at Forest Park in St. Louis, Missouri
Investment SalesMidwestMissouriNews

Passco Cos. Acquires 278-Unit Cortona at Forest Park in St. Louis, Missouri

by Channing Hamilton

ST. LOUIS, MO. — Passco Cos. has acquired Cortona at Forest Park, a 278-unit complex in St. Louis, from Invesco Real Estate for an undisclosed price. Kevin Girard, Mark Stern and Zach Kaufman of JLL Capital Markets brokered the deal. Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group negotiated acquisition financing on behalf of the buyer. Cortona at Forest Park was constructed in 2014 and is located at 5800 Highlands Plaza Drive. The property is comprised of one residential building on a 4.8-acre site. Units come in studio, one- and two-bedroom floor …

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Investment SalesNewsTexas

35 South Capital Purchases 84-Unit Village Place Apartments in Houston

by Channing Hamilton

HOUSTON — 35 South Capital has acquires Village Place Apartments, an 84-unit community in Houston’s Hedwig Village neighborhood. Newmark brokered the sale of the property. The seller and sales price were not disclosed. Village Place Apartments comprises 13 buildings on a 3.5-acre site. According to Apartments.com, the community offers units in one- and two-bedroom floor plans. Amenities include a pool, fitness center, business center, clubhouse, outdoor grilling and dining stations and onsite laundry facilities.

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Investment SalesNewsNorth CarolinaSoutheast

Northmarq Brokers $107 Million Sale of Alta Filament Apartments in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Northmarq has negotiated the sale of Alta Filament, a 352-unit community located at 525 E. 21st St. in Charlotte. Wood Partners sold the asset to Mid-America Apartment Communities for $107 million. Allan Lynch, Caylor Mark, Andrea Howard, John Currin, Jeff Glenn and Austin Jackson of Northmarq represented the seller in the deal. Alta Filament offers amenities such as a clubhouse, conference room, fitness club, grilling areas, a pool, sundeck trellis, pet spa and package delivery service. The property also includes two courtyards, a podcast/content creator studio and …

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