News

Milhaus, FrontRange Break Ground in McKinney

by Lynn Peisner June 11, 2025

MCKINNEY, TEXAS — Milhaus and FrontRange Capital Partners have broken ground on Atheria at West Grove, a 389-unit apartment and townhome community in the Dallas suburb of McKinney, located within the 52-acre West Grove mixed-use development. Completion is slated for 2026. The townhomes will feature two-car garages, kitchens with farmhouse sinks, wine refrigerators and front porches. Apartment units will include individual garage units and secured storage spaces. Atheria at West Grove’s amenities include a clubhouse with a golf simulator, a covered outdoor kitchen, a pool with cabanas, fire pits, grill …

June 11, 2025

Finance News Washington Western

Ezralow Co. Secures $73.5 Million to Refinance Madison Bellevue

by Lynn Peisner June 10, 2025

BELLEVUE, WASH. — Berkadia has arranged a $73.5 million loan on behalf of California-based The Ezralow Co. to refinance The Madison Bellevue, a 281-unit garden-style property in Bellevue. Senior Managing Director Allan Freedman of Berkadia Los Angeles secured the financing through Freddie Mac. The Madison Bellevue features one- and two-bedroom layouts with quartz countertops, kitchen islands, hardwood-style flooring, washers and dryers, stainless steel appliances and private patios. Amenities include a gym, pool and lounge.

June 10, 2025

Development Midwest News Ohio

Vista Residential Partners Breaks Ground in Columbus, Ohio

by Lynn Peisner June 10, 2025

COLUMBUS, OHIO — Vista Residential Partners has broken ground Greenway Vista in Columbus. The developer is building the 312-unit property on 25 acres near Rickenbacker Airport, a cargo hub. Parse Capital and Old National Bank provided financing for Greenway Vista. Designed by Columbus-based ArchAll Architects, the community will offer a mix of one- and two-bedroom units and such amenities as a 6,500-square-foot clubhouse with fitness and business centers, a resort-style pool with cabanas and grilling area, a large central green space with a pavilion, a community garden and a pet …

June 10, 2025

Development News Texas

Vista Residential Breaks Ground on First Texas Project

by Lynn Peisner June 10, 2025

FORT BEND COUNTY, TEXAS — Vista Residential Partners has broken ground on Williams Ranch Vista, a 375-unit project about 28 miles southwest of Houston. The 18.2-acre site is adjacent to the Williams Ranch mixed-use development. Completion is slated for spring 2027. Project partners include the Rosenberg Housing Authority, Parse Capital, A16Z and BOK Financial. This is the first Texas development for Atlanta-based Vista Residential. Amenities at the community, which will consist of a mix of one- and two-bedroom units, include a resort-style pool, a dog park, a fitness area and …

June 10, 2025

Company News

Alfred, RKW Merge with Quarterra’s Property Management Division

by Lynn Peisner June 10, 2025

NEW YORK CITY — Prop tech company Alfred and RKW Residential have merged with Quarterra Living. Alfred owns property management firm RKW. Quarterra Living is the property management division of developer Quarterra Multifamily. With the newly combined portfolio, the company will manage approximately 52,000 units nationwide. A new name and branding to accompany this merger has not been announced.

June 10, 2025

Affordable Housing Investment Sales News Washington Western

Berkadia Arranges Sale of Vue Kirkland

by Lynn Peisner June 9, 2025

KIRKLAND, WASH. — Acacia Capital has sold Vue Kirkland to BRIDGE Housing for an undisclosed sum. Managing Directors David Sorensen and Benjamin Johnson, Director George Pallis, Associate Director Peter Dudunakis and Senior Managing Director Kenny Dudunakis of Berkadia Seattle led the transaction on behalf of the California-based seller. BRIDGE Housing is planning to convert the 200-unit market-rate community to affordable housing, offering units to tenants earning between 50 and 80 percent of area median income. The property was built in 1977.

June 9, 2025

Development New Jersey News Northeast

The Silverman Group Breaks Ground on The Estates At Short Hills

by Lynn Peisner June 9, 2025

MILLBURN TOWNSHIP, N.J. — The Silverman Group, a real estate owner, investor, developer and manager based in Basking Ridge, N.J., has begun constructing The Estates at Short Hills about 30 miles west of New York City. Michels & Waldron Associates is the architect for the project, with construction by Silver Line Development. The 62-unit, four-story building will feature 10 one-bedroom, 49 two-bedroom and three three-bedroom residences. Amenities include a rooftop terrace, outdoor courtyard, fitness center, resident lounge and game room, package and mail rooms and garage bike storage. The first …

June 9, 2025

Investment Sales New York News Northeast

Marcus & Millichap Arranges Sale in Brooklyn for $10.8 Million

by Lynn Peisner June 9, 2025

BROOKLYN, N.Y. — Marcus & Millichap has arranged the sale of 275 Linden Boulevard, a 101-unit building in Brooklyn, for $10.8 million. The transaction marks the first time the property has changed hands in approximately 60 years. Shaun Riney and Daniel Greenblatt, investment specialists in Marcus & Millichap’s Manhattan office, marketed the property and represented the unidentified seller. Seth Glasser, also with Marcus & Millichap, procured the buyer, a private family office out of California. Built in 1930, the six-story, 135,714-square-foot property includes three elevators. The building sits on a …

June 9, 2025

California Investment Sales News Western

CBRE Brokers $8.6 Million 1031-Exchange Sale in Costa Mesa

by Lynn Peisner June 9, 2025

COSTA MESA, CALIF. — CBRE has arranged the $8.6 million sale of a 13-unit property at 553 and 555 Victoria St. in Costa Mesa, about 40 miles south of Los Angeles. CBRE’s Dan Blackwell, Mike O’Neill and Jack O’Connor represented the Costa Mesa-based private seller. The 1031 buyer is a private investor based in Huntington Beach, California. The property was on the market for the first time in approximately 47 years. Located on a 0.8-acre lot, the property contains 10 buildings with 13,712 square feet of rentable space. The unit …

June 9, 2025

Arizona Finance News Western

BWE Arranges ReFi for Greenlight Communities’ Phoenix Asset

by Lynn Peisner June 6, 2025

GOODYEAR, ARIZ. — BWE has arranged a $31.3 million loan for Greenlight Communities, which will use the funds to refinance existing construction and development debt for Cabana Bullard in Goodyear about 20 miles west of Phoenix. Based out of the BWE Phoenix oﬃce, Charlie Williams, executive vice president, and Matt Terpstra, vice president, arranged the three-year loan through a national life company lender. Cabana Bullard was developed in 2023. It includes 336 units offered as studios or as one- or two-bedroom floor plans.

June 6, 2025

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