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Paul Waterloo and Harrison Pinkus
IllinoisMidwestNewsPeople News

Interra Realty Promotes Paul Waterloo and Harrison Pinkus

by Channing Hamilton

CHICAGO — Interra Realty, a Chicago-based investment services firm, has promoted Paul Waterloo to the role of managing partner, as well as Harrison Pinkus to managing director.  Waterloo joined Interra in 2017. The most recent middle-market multifamily deals Waterloo has arranged include the $8.4 million sale of an 18-unit, new-construction asset in Wheaton, Illinois, and the $7.8 million sale of an 84-unit property in Waukegan, Illinois. Prior to this, he was a sales executive with ADP. He received a Bachelor of Science in marketing from the University of Illinois Urbana-Champaign. Since joining the company …

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Main & Mill in Lewisville, Texas
FinanceNewsTexas

Affinius Capital Provides $34 Million Loan for Refinancing of Metro Dallas Asset

by Channing Hamilton

LEWISVILLE, TEXAS — Affinius Capital has provided a $34 million loan for the refinancing of Main & Mill, a 203-unit complex in Lewisville, 25 miles northwest of Dallas. Lauren Kaufman of JLL arranged the loan on behalf of the property owner, AMAC Development. Main & Mill consists of 143 one-bedroom and 60 two-bedroom units, as well as 6,400 square feet of retail space. Each residence features quartz countertops, stainless steel appliances, walk-in closets and full-size washers and dryers. Select units also offer private patios and balconies. Residents have access to …

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DevelopmentIllinoisMidwestNews

Redwood Living Completes 124-Unit Community in Crystal Lake, Illinois

by Channing Hamilton

CRYSTAL LAKE, ILL. — Redwood Living Inc. has completed Redwood Crystal Lake, a 124-unit community in Crystal Lake, roughly 50 miles northwest of Chicago. The property consists of 25 townhome-style buildings housing four to six units each. Each of the two-bedroom units feature an attached two-car garage and patio. Amenities include green spaces, pet waste stations and designated guest parking. McShane Construction Co. is the general contractor. Mann Parsons Gray Architects designed the community.

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Ora in Hackensack, New Jersey
DevelopmentLeasing & MarketingNew JerseyNewsNortheast

The Hampshire Cos. Begins Leasing Ora in Hackensack, New Jersey

by Channing Hamilton

HACKENSACK, N.J. — The Hampshire Cos. has launched leasing at Ora, a 270-unit complex in downtown Hackensack. The seven-story building features a mix of studio, one- and two-bedroom floor plans. Units feature in-unit washers and dryers, plank flooring, stainless steel appliances and quartz countertops. Monthly rents start at approximately $2,100 for a studio. Residents have access to a rooftop clubroom with a bar and billiards, outdoor terrace with fire pits and a courtyard with barbeque grills and dining areas. Additional amenities include a fitness center, coworking spaces and conference rooms, …

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FinanceFloridaInvestment SalesNewsSoutheast

Joint Venture Secures $77.7 Million in Acquisition Financing for Miami Property

by Channing Hamilton

MIAMI — A joint venture between BH Group and InterVest Capital Partners has received a $77.7 million loan for the acquisition of Wake Biscayne Bay, a 338-unit community in Miami’s North Bay Village. Locally based BridgeInvest provided the loan. The property consists of two 10-story buildings at 7525 E. Treasure Drive and 1900 S. Treasure Drive. Apartments come in studio, one-, two- and three-bedroom floor plans, according to the property website.

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The Gilman in Irving, Texas
DevelopmentNewsTexas

Rosewood Property Co. Breaks Ground on 370-Unit Project Near Dallas

by Channing Hamilton

IRVING, TEXAS — Locally based developer Rosewood Property Co. has broken ground on The Gilman, a 370-unit project in the Las Colinas district of Irving, about 10 miles west of Dallas. The Gilman will be situated on a 6.8-acre site. The complex will offer studio, one-, two- and three-bedroom apartments that will range from 615 to 1,460 square feet. Planned amenities include a pool, fitness center, dog park, clubroom, coworking lounge, courtyards and a sky lounge. Hensley, Lamkin, Rachel Inc. designed the project. Blackland Partners is serving as the general …

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Investment SalesNew YorkNewsNortheast

Brax Realty Arranges $8.5 Million Sale of Brooklyn Asset

by Channing Hamilton

NEW YORK CITY — Locally based brokerage firm Brax Realty has arranged the $8.5 million sale of an eight-unit property located at 150 N. Ninth St. in the Williamsburg neighborhood of Brooklyn. The building rises four stories and was originally constructed in 1910, according to LoopNet Inc. Units at the property were recently renovated. Alan Stenson of Brax Realty brokered the deal. The buyer and seller were not disclosed.

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SKYE of Turtle Creek in Dallas
Investment SalesNewsTexas

Knightvest Capital Buys 331-Unit Uptown Dallas Community

by Channing Hamilton

DALLAS — Knightvest Capital has acquired SKYE of Turtle Creek, a 331-unit high-rise building in Uptown Dallas. SKYE of Turtle Creek was built in 1998. According to Apartments.com, the community offers one-, two- and three-bedroom floor plans. Amenities include a clubhouse, package service and a pet play area. The property also features direct access to Katy Trail, a 3.5 mile walking trail. The acquisition marks the sixth investment in Knightvest’s Fund II. The new owner plans to renovate a portion of the units and make updates to the exterior and …

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Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Negotiates $10.7 Million Sale of Complex in Winthrop, Massachusetts

by Channing Hamilton

WINTHROP, MASS. — Marcus & Millichap has brokered the $10.7 million sale of Shore Drive Apartments, a 71-unit community in Winthrop, roughly six miles east of Boston. The property offers a mix of studio, one- and two-bedroom units. Plans are underway for the addition of another 27 units as part of a reconstruction effort following a fire at the property last year. Evan Griffith, Tony Pepdjonovic and Will Sanborn of Marcus & Millichap Boston represented the seller and procured the buyer, both of which requested anonymity, in the deal.

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The Commons at Water’s Edge in Columbus, Ohio
Investment SalesMidwestNewsOhio

Reynolds Asset Management Acquires 432-Unit Community in Columbus, Ohio

by Channing Hamilton

COLUMBUS, OHIO — Reynolds Asset Management, in partnership with the Slabotsky Family Office, has purchased The Commons at Water’s Edge in Columbus for an undisclosed price. George Skaff, Carter Stephens and Julie Mickley of Newmark brokered the transaction, while Henry Stimler and Ricky Warner of Newmark procured the debt. The Commons at Water’s Edge offers 432 units in one- and two-bedroom configurations. The new ownership plans to invest over $10 million to overhaul the property. Renovations are expected to begin immediately and will continue through 2026.

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