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Palladium City Skyline in Fort Worth, Texas
DevelopmentFinanceNewsTexas

Palladium USA to Develop 243-Unit Palladium City Skyline in Fort Worth, Texas

by Channing Hamilton

FORT WORTH, TEXAS — Palladium USA, in a public-private partnership with the Fort Worth Housing Finance Corp. (FWHFC), plans to develop Palladium City Skyline, a 243-unit project in Fort Worth. The eight-acre community will feature amenities such as indoor and outdoor children’s play areas, fitness center, pool and dog run. The community will offer affordable housing options for individuals earning 30, 60, 70 and 80 percent of the area median income. The first units are expected to be available for leasing by early 2026. Palladium City Skyline will be built …

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Presidium Regal in Jacksonville, Florida
DevelopmentFloridaNewsSoutheast

Presidium Completes 334-Unit Presidium Regal in Jacksonville, Florida

by Channing Hamilton

JACKSONVILLE, FLA. — Presidium has completed Presidium Regal, a 334-unit development located at 14501 Beach Blvd. in Jacksonville. Designed by Atlanta-based Dwell Design Studio, the property offers one-, two- and three-bedroom apartments that range in size from 550 to 1,600 square feet. Amenities include a 11,000-square-foot leasing office and clubhouse featuring a clubroom, game lounge, golf simulator, theater room, showroom kitchen, coworking lounge with micro-offices, podcast rooms, a rooftop lounge and a 2,000-square-foot fitness center. Other amenities include a pool with grilling stations, cabanas, indoor and outdoor fireplaces, car wash, juice …

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Ingleside Apartments in North Charleston, South Carolina
Investment SalesNewsSouth CarolinaSoutheast

American Landmark Apartments Acquires Ingleside Apartments in North Charleston, South Carolina

by Channing Hamilton

NORTH CHARLESTON, S.C. — American Landmark Apartments has purchased Ingleside Apartments, a 304-unit community located at 9345 Blue House Rd. in North Charleston. The community was built in 2008. Amenities include a fitness center, pool, barbecue and picnic area, multipurpose clubhouse and dog park. The new owner plans to rebrand the property as Sage at Ingleside. The seller and sales price were not disclosed.

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The Delford in Rochelle Park, New Jersey
FinanceNew JerseyNewsNortheast

JLL Capital Markets Brokers $44 Million Financing for The Delford in Rochelle Park, New Jersey

by Channing Hamilton

ROCHELLE PARK, N.J. — JLL Capital Markets has arranged $44 million in financing for The Delford, a 160-unit community in the New York City suburb of Rochelle Park. JLL represented the borrower, Tulfra Real Estate, to secure the five-year, fixed-rate loan through Nuveen Real Estate. Michael Klein, Jon Mikula and Ryan Carroll led the JLL Capital Markets Debt Advisory team. Situated at 120 W. Passaic St., The Delford offers one-, two- and three-bedroom floor plans. The unit mix includes 136 market-rate units and 24 affordable units. Income restrictions for the …

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Affordable HousingFinanceIllinoisMidwestNews

FHLBank Chicago Launches $300 Million LIHTC Collateral Pilot Program

by Channing Hamilton

CHICAGO — The Federal Home Loan Bank of Chicago (FHLBank Chicago) has launched the Low-Income Housing Tax Credit (LIHTC) Collateral Pilot Program. Through member banks, credit unions, insurance companies, community development financial institutions (CDFIs) and eligible housing associates, the program aims to amplify and incentivize lending in support of affordable housing for low-income individuals and families. The LIHTC Collateral Pilot Program provides members with increased lendable value on their pledged collateral for up to $300 million of qualifying mortgage loans on LIHTC multifamily projects. While all FHLBank Chicago members are …

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The Hartby in New York City
DevelopmentLeasing & MarketingNew YorkNewsNortheast

Property Resources Corp. Begins Leasing 205-Unit The Hartby in Brooklyn

by Channing Hamilton

NEW YORK CITY — Property Resources Corp. has begun leasing The Hartby, a 205-unit asset located in the Bedford-Stuyvesant neighborhood of Brooklyn. The Hartby is a redevelopment of the former St. John’s College building, which was originally built in 1870. Woods Bagot served as the project architect. Alchemy Studio provided interior design services. The Hartby features units in studio, one- and two-bedroom floor plans. Thirty percent of units will be rent-stabilized and are now being leased via a lottery system. Leasing of market-rate units is slated to begin later this …

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Paddock Apartments in Ocala, Florida
FloridaInvestment SalesNewsSoutheast

Marcus & Millichap Brokers $11.2 Million Sale of Paddock Apartments in Ocala, Florida

by Channing Hamilton

OCALA, FLA. — Marcus & Millichap (NYSE: MMI) has negotiated the sale of Paddock Apartments, an 85-unit community in the central Florida city of Ocala. Paddock Apartments is located at 1900 SW 31st Ave. and consists of 19 buildings. Apartments come in one- and two-bedroom layouts. Red Knight Ocala sold the property to Paddock Apartments 85 for $11.2 million. Jason Hague and Ned Roberts of Marcus & Millichap’s Tampa office marketed the asset on behalf of the seller and procured the buyer.

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IllinoisInvestment SalesMidwestNews

Marcus & Millichap Capital Corp. Brokers $2.6 Million Acquisition Loan for 34-Unit Property in Aurora, Illinois

by Channing Hamilton

AURORA, ILL. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $2.6 million loan for the acquisition of a 34-unit property located at 1 S. View St. in Aurora. The property offers studio, one- and two-bedroom floor plans. Michael Hughes of MMCC arranged the loan through a local credit union on behalf of the borrower, a real estate development company. The five-year loan features a 7.39 percent interest rate with a 30-year amortization schedule.

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FinanceNewsSoutheastVirginia

Walker & Dunlop Arranges $24.3 Million Financing for ZeroPak Apartments in Winchester, Virginia

by Channing Hamilton

WINCHESTER, VA. — Walker & Dunlop has negotiated $24.3 million in federal Low-Income Housing Tax Credit (LIHTC) and Federal Historic Tax Credit (FHTC) equity for ZeroPak Apartments, a property located on 3.7 acres at 536 N Cameron St. in Winchester. ZeroPak Apartments is the adaptive reuse of a cold storage warehouse, which was originally built in 1902. The property now consists of one building with six designated sub-sections. Don Snyder and the Walker & Dunlop Affordable Equity team arranged the equity on behalf of the borrower, Zeropak Development LLC. Erick …

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ArizonaInvestment SalesNewsWestern

Cushman & Wakefield | PICOR Brokers Sale of 23-Unit Portfolio in Tucson, Arizona

by Channing Hamilton

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a 23-unit portfolio in Tucson. Plowden/Martin Properties LLC purchased the assets from Welsey James Krajicek Family Revocable Trust for $2.1 million. The portfolio consists of Pima Apartments at 4238-4246 E. Pima St. and Lee Apartments at 4223-4245 E. Lee St. Allan Mendelsberg and C. Joey Martinez of Cushman & Wakefield | PICOR represented the buyer and seller in the deal.

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