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 …
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 …
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 …
FORKED RIVER, N.J. — New Jersey-based developer Walters has broken ground on Cornerstone at Lacey III, a 70-unit affordable housing project in Forked River, located along the Jersey Shore about 50 miles north of Atlantic City, New Jersey. Once completed, the nine-building project will offer units to households earning 60 percent or less of the area’s median income. Rates will be based on the renter’s gross annual income. The project represents the third and final phase of Cornerstone at Lacey. The first two phases of the development delivered 118 units …
HUNTINGTON BEACH, CALIF. — CBRE has arranged the sale of an eight-unit property at 212 15th St. in Huntington Beach, approximately 20 miles southwest of Anaheim, California. The asset traded hands for $3.9 million in a 1031 exchange. Dan Blackwell and Mike O’Neill of CBRE represented the seller, a local family trust, in the transaction. CBRE also procured the Orange County-based buyer. The 6,538-square-foot property is situated across a double lot. The community offers a mix of one- and two-bedroom units. Each apartment includes a private patio or balcony and …
WALTHAM, MASS. — CBRE has brokered the sale of Gardencrest Apartment Homes, a 696-unit community located in Waltham, about 12 miles west of Boston. CBRE represented the seller, an affiliate of Virginia-based Harbor Group International, and procured the buyer, an affiliate of San Francisco-based Fowler Property Acquisition. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE brokered the transaction. Built in phases between 1949 and 1972, the property consists of 64 buildings on 34 acres. The community offers a mix of apartments and townhome-style units. Amenities include …
KANSAS CITY, MO. — A partnership between Brinkmann Constructors and EPC Real Estate Group has broken ground on 74 Broadway, a 440,000-square-foot development in the Waldo neighborhood of Kansas City. The community will offer 280 apartments, as well as a clubhouse, six-story parking garage and ground-floor retail space. BRR Architecture is the project architect. A construction timeline for the project was not provided.
EXTON, PA. — Locally based developer Hankin Group has begun construction on the second phase of Keva Flats in Exton, about 35 miles west of Philadelphia. Phase II will comprise 96 units across two buildings. The development team also plans to restore the site’s floodplain to help accommodate the high volume of water associated with severe storms in the region. The project is slated for completion in fall 2026. Phase I of Keva Flats featured 242 units in one-, two- and three-bedroom floor plans across six buildings. Amenities include a …
NEW YORK CITY — Locally based brokerage firm Ariel Capital Advisors has arranged the $3.6 million sale of a six-unit property located at 151 Smith St. in the Boerum Hill neighborhood of Brooklyn. The building consists of five market-rate apartments and one rent-stabilized unit across four stories. Sean Kelly, Nicole Daniggelis and Stephen Vorvolakos of Ariel Property Advisors represented the seller, Doreen DeLeon, in the deal. The buyer was Faisal Kassim.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has negotiated the sale of Sunnyslope Apartments, a 41-unit property located at 150 E. Hardy Road in Tucson. The two-story asset was built in 1972 and offers amenities such as a laundry facility and a pool, according to Apartments.com. Urbana @ Oro Valley LLC acquired the community from Sunnyslope Apartments LLC for $5.6 million. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented the buyer and seller in the deal.