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Distel-Circle
Affordable HousingCaliforniaDevelopmentNewsWestern

EAH, Santa Clara County Break Ground on Affordable Housing Development

by Lynn Peisner

LOS ALTOS, CALIF. — EAH Housing and Santa Clara County have broken ground on Distel Circle, an affordable housing community in Los Altos, about 17 miles west of San Jose. Distal Circle will offer 90 units for individuals and families earning between 30 and 80 percent of the area median income. Several units will be designated as permanent supportive housing for individuals experiencing homelessness. Completion is slated for January 2027. KTGY Architects designed the community. The project’s primary funding source is the Low-Income Housing Tax Credit (LIHTC) and state credit …

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Residences-at-Plantation-Square
Affordable HousingDevelopmentFinanceFloridaNewsSoutheast

City of Plantation Grants MMG Equity Partners Approvals, Financing for Florida Mixed-Income Development

by Lynn Peisner

PLANTATION, FLA. — MMG Equity Partners has received site plan approval and $6 million in tax-increment financing (TIF) incentives from the City of Plantation for the development of Residences at Plantation Square. The project will include luxury apartments, workforce apartments and a new Bank of America building, all located within Plantation Square, a 10-acre mixed-use development in the Broward County city of Plantation, about 8 miles west of Fort Lauderdale. Residences at Plantation Square will include an eight-story residential building with 307 apartments and a six-story parking garage. Amenities include …

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Dana-Caudell
MarylandNewsNortheastPeople News

Dana Caudell Joins Continental Realty as EVP of Multifamily Operations

by Lynn Peisner

BALTIMORE — Dana Caudell has been appointed executive vice president and head of multifamily operations for Baltimore-based Continental Realty Corp. (CRC). In this role, Caudell will oversee operations of a portfolio comprising more than 10,000 apartment homes across 38 communities throughout the Mid-Atlantic and Southeast regions. CRC is an investment and property management company active in 14 states with a portfolio valued at approximately $4.2 billion. Caudell joins CRC from Pegasus Residential, where she served as chief strategy officer. Previously, she spent six years as president of The Bainbridge Cos., …

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2811-Maple
DevelopmentLeasing & MarketingNewsTexas

Crescent Opens Dallas Boutique High-Rise

by Lynn Peisner

DALLAS — Crescent Real Estate has opened 2811 Maple, a 31-story, 177-unit high-rise in Dallas’ Uptown neighborhood. Each floor has no more than seven units, and 60 percent are corner units. Residences range from 950 to 1,900 square feet with 12 penthouses ranging from 2,100 to 2,500 square feet. Asking rents range from $4,000 to $19,500. Amenities include coworking spaces, a fitness center, a resort-style pool with private cabanas, a fire pit, a garden, a pet spa, a coffee bar, controlled-access parking and electric vehicle charging stations. Valet and concierge …

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THE-CHARLEY
DevelopmentMassachusettsNewsNortheastOperations

Berkeley Investments Opens The Charley in Boston

by Lynn Peisner

BOSTON — Locally based Berkeley Investments has opened The Charley, a 103-unit development in Boston’s Allston neighborhood. The six-story property, built to LEED Gold standards, offers units as studios and one-, two- and three-bedroom floor plans. Units feature quartz countertops, washers and dryers and Wi-Fi-enabled appliances and heating and cooling controls. Monthly asking rents range from $2,490 to $4,999. Amenities include garage parking with electric vehicle chargers, bike parking, a dog park, a pet wash and grooming area, a lounge, coworking spaces, a coffee bar, rooftop deck with fire pits, …

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The-Haywood-Greenville
Affordable HousingInvestment SalesNewsSouth CarolinaSoutheast

Comunidad Partners Buys The Haywood in Greenville

by Lynn Peisner

GREENVILLE, S.C. — Comunidad Partners, an Austin, Texas-based workforce housing investment firm, has acquired The Haywood, a 234-unit property located at 100 Gloucester Ferry Road in Greenville. The seller and sales price were not disclosed. Comunidad is planning renovations that will update interiors, improve curb appeal and upgrade amenities.

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2609-Elliot-Avenue
Investment SalesNewsSoutheastVirginia

8th Floor Holdings Buys Virginia Townhome Portfolio for $3.3 Million

by Lynn Peisner

PORTSMOUTH, VA. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the sale of a two-property portfolio in Portsmouth. The properties are 311-315 North Street, with 11 townhouses, and Beacon Townhomes, with 18 units located at 2609 Elliott Ave. 8th Floor Holdings LLC acquired the assets from Beacon Townhomes LLC for $3.3 million as part of a 1031 exchange. Clark Simpson and Erik Conradi of Thalhimer’s Capital Markets Group in Virginia Beach represented the seller.

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700-Locust-Pasadena
CaliforniaInvestment SalesNewsWestern

Pasadena Property Trades for $22 Million

by Lynn Peisner

PASADENA, CALIF — CBRE has brokered the $22 million sale of ALUR Apartments, a 51-unit community located at 700 Locust St. in Pasadena. The property was acquired by ADC Real Estate Group LP, an affiliate of Amoroso Cos. CBRE’s Kamran Paydar and Kadie Presley Wilson represented the seller, a private Los Angeles-based investor. Ryan Greer, Trevor Breaux and Troy Tegeler with CBRE’s debt and structured finance division arranged acquisition financing on behalf of the buyer. Built in 1987 and renovated in 2021, ALUR consists of a mix of one- and …

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Blu-Atlantic
FloridaNewsOperationsSoutheast

RKW Named Manager of Three South Florida Properties

by Lynn Peisner

FORT LAUDERDALE — RKW Residential has been named property manager of three South Florida properties: Falls at Marina Bay in Fort Lauderdale, Blue Atlantic in Delray Beach and Atlantica at Dania Beach. The properties comprise 671 units. Names of the property owner(s) were not disclosed. Falls at Marina Bay is a 376-unit waterfront community offering one-, two- and three-bedroom apartments. The community is anchored by a 10,000-square-foot clubhouse, a lagoon-style pool with a hot tub and a fitness center with a personal trainer on staff.   Blu Atlantic, a 177-unit …

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Arya-Apartments
DevelopmentFinanceNewsWestern

Helio Group Locks in $58 Million ReFi for Culver City Development

by Lynn Peisner

CULVER CITY, CALIF. — JLL Capital Markets has arranged a $58 million construction takeout loan for Helio Group. The loan was funded by Canyon Partners Real Estate and will be used to refinance existing debt used to develop Arya Apartments in Culver City. Arya is one of five multifamily projects Helio has developed in the greater Culver City submarket since 2018. The property features 38 studios, 36 one-bedrooms and 45 two-bedrooms, all of which feature smart-home technology. Asking rents on floor plans available as of late August range from $2,995 …

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