LAKE WORTH, FLA. — The Milestone Group has acquired Casa Brera at Toscana Isles in Lake Worth for an undisclosed figure. The 206-unit community features one-, two- and three-bedroom units and such amenities as a resort-style pool, a private movie theater, a fitness center, dog park, multi-purpose sports court and a clubhouse. Hampton Beebe and Avery Klann of Newmark marketed the property on behalf of the undisclosed seller.
EDEN PRAIRIE, MINN. — Greco and Eagle Ridge Partners have secured $55.6 million in debt and equity financing to complete the second phase of The Fox & The Grouse in Eden Prairie, 18 miles southwest of Minneapolis. JLL Capital Markets arranged the package, consisting of a $39.1 million, three-year, floating-rate loan through MidWestOne Bank and $16.5 million in joint venture equity from Amstar Group. The six-story community will offer a mix of studios and one-, two- and three-bedroom units, with a quarter of the units designated as affordable with rents …
CHARLESTON, S.C. — Dwight Mortgage Trust has provided a $110 million bridge loan to Ohio-based developer Lifestyle Communities. The loan will refinance existing construction debt, cover transaction costs and fund remaining construction expenses for LC Line and Low, a 277-unit mixed-use development in Charleston. Dwight Capital’s Brandon Baksh, Noah Greenwald and Talisse Thompson led the transaction. Amenities at the new property include a resort-style pool, a clubhouse, fitness center with saunas and cold plunges, coworking spaces and a parking deck. On-site retail and dining include The Goat Restaurant & Bar …
WAITE PARK, MINN. — Podawiltz Development Corp. has sold Park Villa Apartments in Waite Park, about 70 miles northwest of Minneapolis in the St. Cloud metro area. JLL arranged the sale, representing Podawiltz in the deal, and procured the buyers, Noel Johnson and Jamison Kohout of Venture Development Group. The sales price was not disclosed. The 95-unit active adult community features 71 one-story, cottage-style units and 24 two-story townhome apartments with private garages. Park Villa was constructed in 1991 and renovated in 2008. It sits on about 7 acres.
NAPLES, FLA. — Interface Properties has acquired Wild Pines of Naples from an undisclosed seller and undisclosed total sales price. Berkadia arranged $26.6 million in acquisition financing, which includes a $20.6 million senior loan and an additional $6 million supplemental through Freddie Mac. Senior Managing Director Mitch Sinberg, Director Michael Basinski and Managing Directors Scott Wadler, Brad Williamson and Matt Robbins led the Berkadia team. Half of the community’s 200 units are income-restricted, but specifics weren’t disclosed. The property was built in multiple phases between 1968 and 2001. Wild Pines …
REDMOND, WASH. — AvalonBay (NYSE: AVB) has sold Archstone Redmond Lakeview Apartments, a 166-unit community in Redmond, 15 miles west of Seattle to TruAmerica. CBRE arranged the $63.3 million sale. Archstone Redmond Lakeview Apartments was built in 1987 on the Lake Sammamish waterfront. The property has one- and two-bedroom units with private patios, walk-in closets and fireplaces. It also has direct access to a private dock with 45 income-generating boat slips. Community amenities include a renovated clubhouse, fitness center, canoe parking, a pet area and an outdoor deck with views …
JACKSONVILLE, FLA. — Becovic Management Group has sold The Preserve in Jacksonville to Safe Harbor Investments LLC. JLL Capital Markets arranged the sale, representing Becovic in the deal. The sales price was not disclosed. The Preserve, a 192-unit property built in 2024, is comprised of one-, two- and three-bedroom floor plans. Amenities include a resort-style pool with a sun deck, a 24-hour fitness center, coworking spaces with Wi-Fi and a resident lounge with a coffee bar and pet spa.
DALLAS — Franklin Street, a Tampa, Florida-based real estate firm whose services include investment sales and property management, has opened an office in Dallas and hired Chibuzor Nnaji as a managing director to lead a multifamily investment sales team. Prior to joining Franklin Street, Nnaji served as senior managing director at Global Real Estate Advisors (GREA). Dallas is Franklin Street’s 11th office. In May of this year, the firm opened its Nashville office, and in late 2024, it opened an office in Cincinnati, where the company’s student housing team is …
HOUSTON — Locally based multifamily development firm BHW Capital has begun construction on Clayton at Tour 18, a 288-unit community located adjacent to the fairway of the 12th hole on the Tour 18 golf course in the Atascocita/Humble area of Northeast Houston. This project is BHW’s second multifamily development in the area. In 2020, the firm completed construction of The Park at Tour 18, a 241-unit community. BHW anticipates completion by the end of 2027, with leasing commencing in 2026. The one- and two-bedroom units will feature open-concept floorplans, built-in …
NEW YORK CITY — Lendlease has launched pre-leasing at The Riverie, an 834-unit mixed-income development in the Greenpoint area of Brooklyn that fronts the East River. Thirty percent of the units are designated affordable, but specific rent caps were not disclosed. Designed by Marvel Architects, The Riverie includes a 37-story and a 20-story tower with a connected mid-rise podium. The property also includes approximately 13,000 square feet of retail space, as well as an 18,000-square-foot public waterfront esplanade connecting to the India Street Pier, which is served by the NYC …
