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Riverside Manors in Fort Lauderdale, Florida
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers $2.1 Million Sale of 10-Unit Property in Fort Lauderdale, Florida

by Channing Hamilton

FORT LAUDERDALE, FLA. — Marcus & Millichap has brokered the sale of Riverside Manors, a 10-unit asset located at 713 SW 13th Ave. in Fort Lauderdale. The garden-style community offers a mix of one- and two-bedroom apartments. Amenities include a pool, fire pit and on-site parking. Tropical View Apartments sold the property to a local private investor for $2.1 million. Daniel Cunningham, Evan Richardson, Dillon Majeski and River Rhoads of Marcus & Millichap’s Fort Lauderdale office marketed the property on behalf of the seller and procured the buyer.

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Switch in Colorado Springs, Colorado
ColoradoDevelopmentNewsWestern

Thompson Thrift to Develop 276-Unit Switch in Colorado Springs, Colorado

by Channing Hamilton

COLORADO SPRINGS, COLO. — Indianapolis-based Thompson Thrift will develop Switch, a 276-unit community situated within the Polaris Pointe development in Colorado Springs. Construction is slated to begin imminently, with first resident move-ins slated for fall 2025. Switch will feature one-, two- and three-bedroom apartments. The average unit size will be approximately 1,000 square feet. Planned amenities include a fitness center, pool, electric fire pits, a billiards and shuffleboard area, bike storage and workshop, outdoor entertainment kitchen, community-wide Wi-Fi, a conference room, dog park, pet spa and Starbucks coffee bar. The …

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Cedar Ridge at Forest Lake in Davenport, Florida
Build-to-RentFinanceFloridaInvestment SalesNewsSoutheast

Berkadia Arranges $13.2 Million Acquisition Loan for 70-Unit Build-to-Rent Community Near Orlando

by Channing Hamilton

DAVENPORT, FLA. — Berkadia has arranged $13.2 million in acquisition financing for Cedar Ridge at Forest Lake, a 70-unit build-to-rent community located at 2860 Cedar Ridge Court in Davenport, approximately 40 miles southwest of Orlando.  Cedar Ridge at Forest Lake was recently built in 2023. The community offers three-, four- and five-bedroom single family units with integrated smart home technology, attached two-car garages, fenced backyards, stainless steel appliances and washers and dryers. Community amenities include pet-friendly spaces, a playground and pool. Brad Williamson, Mitch Sinberg, Scott Wadler, Matthew Robbins and …

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DevelopmentLeasing & MarketingNew JerseyNewsNortheast

Larken Associates Begins Pre-Leasing 120-Unit Community in Pohatcong, New Jersey

by Channing Hamilton

POHATCONG, N.J. — Larken Associates has begun pre-leasing Monte View at Pohatcong, a 120-unit garden-style community located at 1001 Monte View Drive in Pohatcong, less than a mile from the New Jersey-Pennsylvania border. The community consists of four buildings. One building includes a clubhouse on the ground level, which features a lounge, game room, coworking space and a kitchen. Additional amenities include a fitness center, pool with a tanning ledge, outdoor seating area with outdoor grills, children’s playground, dog park and pet spa. Monte View at Pohatcong is scheduled to …

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Eastpark in Denton, Texas
Investment SalesNewsTexas

Institutional Property Advisors Arranges Sale of 333-Unit Eastpark in Suburban Dallas

by Channing Hamilton

DENTON, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Eastpark, a 333-unit community in Denton, 40 miles north of downtown Dallas. The three-story, garden-style asset was constructed in 2022 on 11 acres. Amenities include a pool, storage units, package lockers, covered parking and detached garages. Eastpark is located within Rayzor Ranch, a 412-acre mixed-use project that also offers retail, restaurant, and office space, as well as hotels and medical facilities. Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill, Cameron Purse and Will Balthrope of …

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FinanceIllinoisInvestment SalesMidwestNews

Greystone Provides $18.2 Million Acquisition Loan for Cornelia-Stratford in Chicago

by Channing Hamilton

CHICAGO — Greystone has provided an $18.2 million Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of Cornelia-Stratford, a 139-unit community in Chicago. Originally built in 1927, Cornelia-Stratford offers studio, one-, two-, three- and four-bedroom units. The mid-rise community features amenities such as bike storage, laundry facilities and tenant lounge. Clint Darby and Andrew Remenschneider of Greystone originated the financing. The non-recourse, fixed-rate loan features a 15-year term, with interest-only payments for the first five years of the term. The borrower was not disclosed.

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Investment SalesNew JerseyNewsNortheast

Kislak Arranges $3.5 Million Sale of Morris Mews Apartments in Long Branch, New Jersey

by Channing Hamilton

LONG BRANCH, N.J. — Locally based brokerage firm The Kislak Co. Inc. (Kislak) has brokered the $3.5 million sale of Morris Mews Apartments, an 18-unit property located in Long Branch, approximately 50 miles east of Trenton, New Jersey. The two-story building was built in 1966. The unit mix includes 16 one-bedroom units and two two-bedroom units. The property was fully occupied at the time of sale. Daniel Lanni of Kislak represented the seller and procured the buyer, both of which were limited liability companies, in the deal.

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DevelopmentMidwestNewsOhio

Vista Residential Partners Breaks Ground on 308-Unit Trailhead Vista in Newark, Ohio

by Channing Hamilton

NEWARK, OHIO — Vista Residential Partners has broken ground on Trailhead Vista, a 308-unit development in Newark, about 40 miles east of Columbus. The garden-style community will offer a mix of one- and two-bedroom units averaging 862 square feet. Planned amenities include a clubhouse, pool, fitness center, central green area and pet park. Trailhead Vista is situated on 15.6 acres along the Thornwood Corridor Employment Hub, which is comprised of five industrial parks totaling more than 1,600 acres. The property will also offer access to the TJ Evans Trail, a …

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Investment SalesMidwestNewsOhioPeople News

Cushman & Wakefield Grows Multifamily Investment Sales Team in Cincinnati With Four New Hires

by Channing Hamilton

CINCINNATI — Cushman & Wakefield has added a team of four multifamily investment sales professionals to the company’s office in Cincinnati. The team consists of Stash Geleszinski (managing director); Nathan Murphy (director); Sherief Gouda (director); and William Thurner (senior associate). The team joins Cushman & Wakefield from Capstone Cos., an investment sales company based in Charlotte, North Carolina. “These four professionals are a great addition to our Cincinnati team and the broader Capital Markets platform,” said Kevin Hughes, Cushman & Wakefield’s regional managing principal. “They are proven leaders in multifamily …

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CaliforniaInvestment SalesNewsWestern

CBRE Brokers $2.8 Million Sale of Two Properties in Santa Ana, California

by Channing Hamilton

SANTA ANA, CALIF. — CBRE has arranged the sale of two properties in Santa Ana, about eight miles southeast of Anaheim, California, in separate transactions. The combined sales price was $2.8 million. Both deals were completed with all-cash buyers. The first property is a fourplex located at 3720 South Marine St. The building traded hands for $1.6 million. Built in 1968, the community offers a mix of two- and three-bedroom units. The average apartment size is 1,088 square feet. The units are individually metered for gas and electricity and feature …

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