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Pearson Gardens in Anaheim, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $16.8 Million Sale of Two Properties in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — CBRE has arranged the $16.8 million sale of two properties totaling 53 units in Anaheim. Dan Blackwell and Amanda Fielder of CBRE facilitated a 1031 exchange on behalf of the buyer, an Orange County-based private investor. The properties included in the sale were Aria Apartments and Pearson Gardens.  Aria Apartments is a 33-unit community located on a 1.2-acre site at 2910 W. Ball Road. The asset comprises 24,796 square feet of rentable space across six two-story buildings. Units come in one- and two-bedroom layouts. Amenities include an …

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Skye at Hunter’s Creek in Kissimmee, Florida
FinanceFloridaNewsSoutheast

ZMR Capital Secures $42.5 Million Loan for Skye at Hunter’s Creek in Kissimmee, Florida

by Channing Hamilton

KISSIMMEE, FLA. — ZMR Capital, an investment firm based in Tampa, Florida, has secured a $42.5 million bridge loan for Skye at Hunter’s Creek, a 216-unit community located at 1300 Santa Rosa Drive in Kissimmee. Brad Williamson, Wesley Moczul, Mitch Sinberg, Matt Robbins and Scott Wadler of Berkadia arranged the loan on behalf of the borrower. Nuveen Real Estate provided the three-year, floating-rate loan, which was underwritten with two one-year extension options, full-term interest only payments, a 68 percent loan-to-value ratio, an interest rate cap and flexible prepayment terms. Built …

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Governor’s Inn in Williamsburg, Virginia
DevelopmentNewsSoutheastVirginia

Breeden Construction Completes $33.5 Million Community in Williamsburg, Virginia

by Channing Hamilton

WILLIAMSBURG, VA. — Breeden Construction has delivered Governor’s Inn, a 164-unit community in Williamsburg, roughly 50 miles east of Richmond, Virginia. An entity doing business as CDG Holdings LLC is the developer behind the $33.5 million project. Governor’s Inn consists of six residential buildings that rise two to four stories. Amenities include a pool, fitness center, outdoor grilling station and a clubhouse.

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Allez Apartments in Redmond, Washington
FinanceNewsWashingtonWestern

Pine Forest Properties Secures $30 Million Refinancing for Allez Apartments in Redmond, Washington

by Channing Hamilton

REDMOND, WASH. — Pine Forest Properties has received a $30 million loan for the refinancing of Allez Apartments, a 148-unit community located in downtown Redmond. Seth Heikkila and Steve Petrie of JLL Capital Market’s Debt Advisory team arranged the 10-year, fixed-rate loan through PGIM Real Estate. Located at 8397 158th Ave. NE, Allez Apartments offers studio, one- and two-bedroom floor plans. The community participates in Redmond’s ARCH program, designating 12 units as affordable housing at 80 percent of area median income. Amenities include a fitness center, resident lounge, outdoor patio with …

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The Mark at Wildwood in Oxford, Florida
FloridaInvestment SalesNewsSoutheast

JLL Capital Markets Brokers Sale of 294-Unit The Mark at Wildwood in Oxford, Florida

by Channing Hamilton

OXFORD, FLA. — JLL Capital Markets has brokered the sale of The Mark at Wildwood, a 294-unit community located at 3795 Bismark Court in Oxford, approximately 60 miles northwest of Orlando, Florida. Cliff Taylor, Joe Ayers, Ryan Hixon, Tucker Brooks and Mike Scott of JLL represented the sellers, Varden Capital Properties and Tellus Partners, in the deal. TriBridge Residential purchased the asset for an undisclosed price. The Mark at Wildwood was completed in 2023. The community offers a mix of one-, two- and three-bedroom floor plans, including flat and carriage …

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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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