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Residences at Stevens Pond in Saugus, Massachusetts
Investment SalesMassachusettsNewsNortheast

Waterton Acquires 326-Unit Residences at Stevens Pond in Suburban Boston

by Channing Hamilton

SAUGUS, MASS. — Chicago-based Waterton has acquired Residences at Stevens Pond, a 326-unit community in Saugus, approximately 10 miles north of Boston. The seller and sales price were not disclosed. Constructed in 2003, Residences at Stevens Pond consists of 25 three-story buildings, as well as a clubhouse. The community features one-, two- and three-bedroom units, including apartments, lofts and townhomes. Amenities include a pool and spa, outdoor pavilion with fireplace, fitness center, arcade, indoor half-basketball court and golf simulator. The property is surrounded by the Breakheart Reservation, a 652-acre public …

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Tanglewood @ Davis in Davis, California
CaliforniaFinanceNewsWestern

Dwight Capital Provides $59.9 Million Refinancing for 216-Unit Complex in Davis, California

by Channing Hamilton

DAVIS, CALIF. — Dwight Capital has closed a $59.9 million HUD 223(f) loan for the refinancing of Tanglewood @ Davis, a garden-style community located in Davis, 15 miles west of Sacramento, California. The funds will be used to retire existing debt, cover closing costs, complete necessary repairs and establish a replacement reserve account for future capital improvements. Elliot Hart of Dwight Capital originated the financing. The borrower was not disclosed. Tanglewood @ Davis is situated on a 14.3-acre site. The complex offers 216 one-, two-, and three-bedroom apartment units across 30 …

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32 Ave. A in New York City
Investment SalesNew YorkNewsNortheast

Marcus & Millichap Brokers $5.8 Million Sale of Mixed-Use Building in Manhattan

by Channing Hamilton

NEW YORK CITY — Marcus & Millichap has negotiated the $5.8 million sale of a mixed-use building located at 32 Ave. A in Manhattan’s East Village. Joe Koicim, Logan Markley and Zan Colin of Marcus & Millichap’s Manhattan office marketed the property on behalf of the seller and procured the buyer. Both parties were local private investors. The building comprises 4,708 square feet across four stories. The community includes three apartments, as well as one retail unit occupied by Mary O’s Irish Pub. The sale also included 1,980 square feet …

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Cielo at Normandy in Jacksonville, Florida
FloridaInvestment SalesNewsSoutheast

Black Ridge Purchases 123-Unit Cielo at Normandy in Jacksonville, Florida, from Zavala Capital Group

by Channing Hamilton

JACKSONVILLE, FLA. — Berkadia has brokered the sale of Cielo at Normandy, a 123-unit community located at 1570 Lane Ave. S in Jacksonville. Cielo at Normandy was built in 1974. The community offers a mix of one-, two- and three-bedroom apartments. The average unit size is 933 square feet. Amenities include a pool, clubhouse, laundry facility and playground. Black Ridge purchased the property from Zavala Capital Group for an undisclosed price. Greg Rainey led the Berkadia team in representing the seller in the transaction.

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The Halden in White Plains, New York
Investment SalesNew YorkNewsNortheast

 JLL Capital Markets Arranges Sale of The Halden in White Plains, New York

by Channing Hamilton

WHITE PLAINS, N.Y. — JLL Capital Markets has arranged the sale of The Halden, a 303-unit community located at 1137 Westchester Ave. in White Plains, approximately 30 miles north of Manhattan. JLL’s suburban tri-state capital markets team worked on behalf of the sellers and procured the undisclosed buyer. The Halden was completed in 2023. The five-story community offers a mix of one-, two- and three-bedroom apartments, with an average unit size of 999 square feet. Amenities include a clubroom, conference room, bike storage, café and lounge, fitness center, package concierge, pool and …

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Willowbrook Crossing in Westminster, Colorado
ColoradoInvestment SalesNewsWestern

Pinnacle Real Estate Advisors Brokers $13.5 Million Sale of Willowbrook Crossing in Westminster, Colorado

by Channing Hamilton

WESTMINSTER, COLO. — Pinnacle Real Estate Advisors has negotiated the sale of Willowbrook Crossing, a 95-unit community in Westminster. Willowbrook Crossing features 95 apartments in studio and one-bedroom layouts. The community traded for $13.5 million. Josh Newell and Jake Waxter of The Newell Team at Pinnacle Real Estate Advisors represented the undisclosed seller and the undisclosed buyer in the deal.

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200-206 Franklin Street in Cambridge, Massachusetts
Investment SalesMassachusettsNewsNortheast

Marcus & Millichap Arranges $2.8 Million Sale of 7-Unit Asset in Cambridge, Massachusetts

by Channing Hamilton

CAMBRIDGE, MASS. — Marcus & Millichap has brokered the sale of a 7-unit property located at 200-206 Franklin Street in Cambridge for $2.8 million. Built in 1915, the building rises three stories and offers a mix of onei and two-bedroom units. Tony Pepdjonovic and Evan Griffith exclusively marketed the property on behalf of the seller and procured the buyer. Neither party’s identity was disclosed.

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The Vine on NE 35th Street in Miami
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Arranges $15.1 Million Sale of Development Site in Miami

by Channing Hamilton

MIAMI — Marcus & Millichap has arranged the sale of The Vine on NE 35th Street, a 36,000-square-foot development site located at 404-436 NE 35th Street in the Edgewater district of Miami. The asset traded hands for $15.1 million.  The Vine on NE 35th Street spans six parcels. The site is under Miami 21’s T6-36A designation and allows for up to 124 residential units or 248 hotel units.  Ryan Shaw of Marcus & Millichap’s Miami office exclusively marketed the property on behalf of the seller, G&L Associates at 35th Street …

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The Royalton at Discovery in Dallas
Investment SalesNewsTexas

SWBC Real Estate Sells 295-Unit The Royalton at Discovery in Suburban Dallas

by Channing Hamilton

ROCKWALL, TEXAS — SWBC Real Estate LLC has sold The Royalton at Discovery, a 295-unit community in Rockwall, approximately 25 miles northeast of Dallas. Bonaventure acquired the property for an undisclosed price. Drew Kile, Joey Tumminello, Michael Ware and Taylor Hill of Institutional Property Advisors, a division of Marcus & Millichap, brokered the deal. SWBC Real Estate delivered the community in 2023. The Royalton at Discovery offers one-, two- and three-bedroom floor plans with an average size of 1,015 square feet. The property rises three stories. Select units feature direct …

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Monte Alban Apartments in San Jose, California
Affordable HousingCaliforniaFinanceNewsWestern

JLL Capital Markets Arranges $30.2 Million Refinancing for Affordable Housing Community in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — JLL Capital Markets has arranged a $30.2 million loan for the refinancing of Monte Alban Apartments, a 192-unit affordable housing complex located at 1324 Santee Drive in San Jose. Monte Alban Apartments was built in 1970 and renovated in 2006. The garden-style asset consists of 192 apartments across 12 buildings. Units come in one-, two-, three- and four-bedroom layouts. Amenities include a community room, laundry facilities, an exercise room, basketball court, two pools and two playgrounds. The community was fully occupied at the time of sale and provides …

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