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Willamette-Tower-and-The-Olivia
FinanceNewsOregonWestern

JLL Arranges $169.7 Million ReFi for JV Owners of Two Portland Assets

by Lynn Peisner

PORTLAND, ORE. — JLL Capital Markets has arranged a $169.7 million, three-year bridge loan provided by TPG Real Estate Credit, the real estate finance arm of alternative asset management firm TPG. The borrowers are a joint venture between Alamo Manhattan and Diamond Realty Investments, and the funds will be put toward debt on Willamette Tower and The Olivia in Portland’s South Waterfront submarket. Willamette Tower, built in 2024, is a high-rise community that includes 340 units and 3,777 square feet of commercial space. The tower is currently 94 percent leased. …

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Emblem-Oswego
IllinoisMidwestNewsOperations

Marquette Tapped to Manage Suburban Chicago Property

by Lynn Peisner

OSWEGO, Ill. — Marquette Management, a division of Naperville, Illinois-based Marquette Cos., has been selected as property manager for Emblem Oswego, a 312-unit community in Oswego, 46 miles west of Chicago. Quarterra Group, whose parent company is Lennar, developed the property in 2024. Emblem Oswego offers one- and two-bedroom floor plans with in-unit features such as quartz countertops, stainless steel appliances and private patios or balconies. Residents also have access to a pool and sundeck, fitness center, lounge, entertainment kitchen and electric vehicle charging stations. Marquette Management provides property management …

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Pacific-Trails-Covina
CaliforniaInvestment SalesNewsWestern

The Mogharebi Group Arranges $21 Million SoCal Sale

by Lynn Peisner

COVINA, CALIF. — The Mogharebi Group has arranged the $21 million sale of Pacific Trails, representing the seller, RPK Development, in the deal. The buyer is a Los Angeles-based private investment firm. Pacific Trails, located in Corvina, 22 miles east of Los Angeles, is an 84-unit community built in 1977. It features a mix of one- and two-bedroom units and such amenities as a pool, hot tub and fire pits.

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skyway-gardens
Affordable HousingDevelopmentNewsTexas

WNC & Associates, AHP Developers Break Ground on Affordable Housing Development in Alpine, Texas

by Lynn Peisner

ALPINE, TEXAS — WNC & Associates and AHP Developers have broken ground on Skyway Gardens II, a 44-unit affordable housing development in Alpine, a small city in Southwest Texas with a population of about 6,000 residents. The project is being financed through a combination of 9 percent federal Low-Income Housing Tax Credits provided by WNC, a $3 million loan from Cedar Rapids Bank & Trust and a construction loan from Sterling Bank. Completion is slated for December 2026. Located at 1000 East Lechuguilla Lane, Skyway Gardens II comprises 11 one-story, …

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Pico-Blvd
CaliforniaDevelopmentInvestment SalesNewsWestern

CBRE Arranges $24 Million West L.A. Land Sale

by Lynn Peisner

LOS ANGELES — CBRE has arranged a $24 million land sale in West Los Angeles. The 1.7-acre multifamily development site, located at 9700-9740 W. Pico Blvd., was acquired by an LLC doing business as Pico BWB. The site is approved for the development of up to 200 apartments. The seller was not disclosed. CBRE’s Melinda Russell and Josh Samuels represented both parties in the transaction. The site is within walking distance of Century City and adjacent to Beverly Hills in the Beverlywood neighborhood.

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Veer
DevelopmentNewsTexas

Pfluger, SHIR Complete Austin Adaptive Reuse Project

by Lynn Peisner

AUSTIN, TEXAS — Pfluger Architects and developer SHIR Capital have completed construction on Veer Apartments in Austin, a 174-unit redevelopment of a former Quality Inn. Development partners include Austin Outdoor Design and Avas Construction. Originally a four-story building, the design added a fifth level. Each of the studio apartments offer vinyl hardwood flooring, a kitchen with stainless steel appliances and granite countertops and fully remodeled bathrooms with tiled showers and new vanities. The renovation added a fitness center and an outdoor pool to the property to complement the business center, …

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DevelopmentGeorgiaNewsSoutheast

Alliance Residential Buys Charleston Land for Joint Project with MAA

by Lynn Peisner

CHARLESTON, S.C. — Alliance Residential Co. has acquired about 19 acres of land at 1730 Clements Ferry Road in Charleston for the development of MAA Point Hope, a 336-unit community Alliance is developing in partnership with MAA. The site is located within the 9,000-acre master-planned community of Point Hope. MAA Point Hope will include six three-story and two four-story residential buildings and a freestanding clubhouse. Units will include granite countertops, stainless steel appliances, screened-in balconies, wood-style flooring and a washer and dryer in every apartment. Community amenities will include a …

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Adela-at-Mimo-Bay
FinanceFloridaNewsSoutheast

ACRE Lands $72 Million ReFi Loan for Miami Asset

by Lynn Peisner

MIAMI — ACRE has secured a $72 million refinancing loan for Adela at MiMo Bay, a 236-unit, waterfront community in Miami. JLL Capital Markets arranged the financing. Adela at MiMo Bay was developed in 2020 and features a range of studios and one-, two- and three-bedroom units with quartz countertops, stainless steel appliances and floor-to-ceiling windows. ACRE is planning to add 14 additional units and to upgrade amenity offerings. These renovations are expected to begin in September with completion slated for 2026. ACRE, a private equity firm that invests in …

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4909-W-Joshua-Rd-Chandler-AZ
ArizonaInvestment SalesNewsWestern

Colliers Arranges $109.5 Million Sale of Country Brook Apartments in Chandler, Arizona

by Lynn Peisner

CHANDLER, ARIZ. — Colliers has arranged the $109.5 million sale of Country Brook Apartments in the Phoenix suburb of Chandler. Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach of Colliers handled the sales transaction for the undisclosed seller and undisclosed buyer. Luke Donahue and Patrick O’Donnell of Colliers Mortgage coordinated acquisition financing. Located at 4909 W. Joshua Blvd., Country Brook Apartments offers 396 units, averaging 963 square feet, spread over 32 one- and two-story buildings. Amenities include three resort-style pools, two hot tubs, an outdoor kitchen with outdoor TVs, …

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Landing-of-Clinton
Investment SalesIowaMidwestNews

Axiom Properties Buys Iowa Asset For $27.4 Million

by Lynn Peisner

CLINTON, IOWA — Axiom Properties has acquired The Landing of Clinton for $27.4 million. The 190-unit asset in Clinton, 147 miles west of Chicago, was sold by an undisclosed party that was represented by Northmarq’s Midwest Investment Sales team. Parker Stewart, Anthony Martinez, Alex Malzone and Dominic Martinez led the team. Built between 2016 and 2019, the Landing of Clinton consists of apartments and townhomes in a mix of one-, two- and three-bedroom floor plans. All units include a washer and dryer, stainless steel appliances, granite countertops, wood-look flooring and …

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