Saturday, December 21, 2024
Read the Digital Magazines Subscribe to the Newsletter

News

Timber Creek Apartment Homes in Fargo, North Dakota
Investment SalesMidwestNewsNorth Dakota

Gindi Equities Acquires 252-Unit Timber Creek Apartment Homes in Fargo, North Dakota

by Channing Hamilton

FARGO, N.D. — Gindi Equities has acquired Timber Creek Apartment Homes, a 252-unit property located at 4720 Timber Parkway South in Fargo, for an undisclosed price. Gindi Equities purchased the community from Property Resources Group, which will continue to manage and service the asset. Built in 2015, Timber Creek Apartment Homes offers one-, two- and three-bedroom floor plans. Amenities include a playground, beach volleyball court and pergola grilling area. Gindi Equities plans to implement interior upgrades, including the installation of new features and fixtures to apartment kitchens and bathrooms. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lofts at Henry Hall in Philadelphia
Investment SalesNewsNortheastPennsylvania

Felicity Street Investments Purchases Lofts at Henry Hall in Philadelphia for $3.6 Million

by Channing Hamilton

PHILADELPHIA — Felicity Street Investments has purchased Lofts at Henry Hall, a 21-unit community located at 2209 N. Broad St. in Philadelphia, from V2 Properties for $3.6 million. Built in 2023, Lofts at Henry Hall offers a mix of one-, two- and three-bedroom apartments. The property also includes a 500-square-foot commercial space on the ground floor. Vince Peruto of Marcus & Millichap’s Philadelphia office marketed the property on behalf of the seller and procured the buyer in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
ConnecticutInvestment SalesNewsNortheast

NEPCG Arranges $9.9 Million Sale of Bridgeport Commons Apartments in Bridgeport, Connecticut

by Channing Hamilton

BRIDGEPORT, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $9.9 million sale of Bridgeport Commons Apartments, an 86-unit asset in Bridgeport, about 20 miles southwest of New Haven, Connecticut. Bridgeport Commons Apartments consists of two buildings that were originally built between 1967 and 1970. The community offers a mix of nine studios, 73 one-bedroom units and four two-bedroom apartments. Brad Balletto, Rich Edwards and Robert Paterno of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Pro Park in Clarksville, Tennessee
Investment SalesNewsSoutheastTennessee

Oakley Group Acquires 96-Unit Pro Park in Clarksville, Tennessee

by Channing Hamilton

CLARKSVILLE, TENN. — Birmingham, Alabama-based investment firm Oakley Group has acquired Pro Park, a 96-unit asset located at 850 Professional Park Drive in Clarksville, about 46 miles northwest of Nashville. Built in 2024, Pro Park consists of three buildings situated on a 4.4-acre site. The community offers one- and two-bedroom units ranging from 879 to 1,200 square feet in size. Amenities include a clubhouse, pool, 20 garages and 64 storage units. The community was 63 percent occupied at the time of sale. Developer Bert Singletary sold the asset to Oakley …

Continue Reading
0 FacebookTwitterLinkedinEmail
Alton Nexus in Gallatin, Tennessee
DevelopmentNewsSoutheastTennessee

Kolter Multifamily Breaks Ground on 300-Unit Alton Nexus in Gallatin, Tennessee

by Channing Hamilton

GALLATIN, TENN. — Kolter Multifamily, along with its affiliates, has broken ground on Alton Nexus, a 300-unit project in Gallatin, roughly 30 miles northeast of Nashville, Tennessee. The community will offer a mix of one-, two- and three-bedroom apartments. Planned amenities include a pool with outdoor firepits, clubroom with a bar, coworking spaces and a fitness center with a yoga studio. Kolter Multifamily expects to deliver Alton Nexus in winter 2026. Alton Nexus is part of the Nexus master-planned development, which features a business park, shops and restaurants. The project …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaNewsOperationsPeople NewsWestern

The Dinerstein Cos. Appoints Josh Rebholz as Vice President, Scott Wandzilak as Director of Capital Markets

by Channing Hamilton

LOS ANGELES — The Dinerstein Cos. has hired Josh Rebholz to the role of vice president of capital markets and Scott Wandzilak as director of capital markets. Based in The Dinerstein Cos.’s recently established office in Los Angeles, Rebholz and Wandzilak will spearhead capital raising efforts for company’s fund platform and investment management business. Prior to joining The Dinerstein Cos., Rebholz was the executive senior associate athletic director at the University of California, Los Angeles (UCLA). He holds a bachelor’s degree in integrated studies from Weber State University and a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Greyson Luxury Living in San Antonio
DevelopmentNewsTexas

Carbon Cos. Completes 291-Unit Greyson Luxury Living in San Antonio

by Channing Hamilton

SAN ANTONIO — Dallas-based developer Carbon Cos. has completed Greyson Luxury Living, a 291-unit community located at 1734 N. Loop 1604 West on San Antonio’s north side. Units come in one-, two- and three-bedroom layouts and feature stainless steel appliances, quartz countertops, individual washers and dryers and patios or balconies. Residents have access to amenities such as a pool, fitness center and dog wash station. Monthly rates start at roughly $1,300 for a studio apartment.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company NewsIllinoisMidwestNewsOperationsPeople News

Core Spaces Appoints Six Professionals to Executive Leadership Team

by Channing Hamilton

CHICAGO — Chicago-based developer and owner-operator Core Spaces has appointed six professionals to the company’s executive leadership team. Founded in 2010, Core Spaces owns and operates approximately 45,600 student housing beds, with a pipeline of over 43,000 beds underway. Additionally, the company has a pipeline of approximately 3,000 BTR homes under development. Core Spaces states that it currently has $5.7 billion in combined equity under management.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceNew YorkNewsNortheast

New York City Council Approves $5 Billion ‘City of Yes’ Affordable Housing Proposal

by Channing Hamilton

NEW YORK CITY — The New York City Council’s subcommittee on zoning and franchises and committee on land use have approved a proposal to invest $5 billion in affordable housing and related infrastructure. The initiative paves the way for the development of roughly 80,000 new rental units throughout New York City over the next 15 years. Known as the “City of Yes for Housing Opportunity,” the program would fund new housing development, as well as infrastructure upgrades at existing properties across the city’s five boroughs, which have a combined rental …

Continue Reading
0 FacebookTwitterLinkedinEmail
Yorktown Reserve in Chicago
DevelopmentFinanceIllinoisMidwestNews

Synergy Development Secures $68.5 Million in Construction Financing for Project in Chicago

by Channing Hamilton

CHICAGO — Locally based Synergy Development has received a $56 million senior construction loan and $12.5 million in equity for the Phase I of Yorktown Reserve, the redevelopment of Chicago’s Yorktown Mall. The first phase of the project will deliver 271 apartments. A construction timeline was not disclosed. Frank Montalto of IPA Capital Markets secured the debt with a local bank and arranged the equity with an institutional investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2024 France Publications, dba France Media Inc.