GILBERT, ARIZ. — Berkadia has negotiated the sale of and financing for Cambria, a garden-style community located in the Phoenix suburb of Gilbert. Cambria comprises 174 units that average 1,022 square feet in size. The property offers direct-access attached garages, nine-foot ceilings and side-by-side washers and dryers. Bridge Investment Group Holdings sold the asset to a California-based private investor for an undisclosed price. Mark Forrester, Ric Holway, Dan Cheyne and Andrew Curtis of Berkadia Phoenix represented the seller in the deal. Vincent Punzi and Lowell Takahashi of Berkadia’s Irvine, California …
POUGHKEEPSIE, N.Y. — A developer doing business as Built Parcel Six LLC is approaching completion of 44 Springside, a 28-unit property in Poughkeepsie, about 80 miles north of Manhattan. The building rises five stories in the Arlington neighborhood of the city. Amenities include an indoor pool, community room, fitness center, rooftop terrace and flexible space for social events or work functions. The property will also feature approximately 7,000 square feet of commercial space. Tinkelman Architecture designed the community, which is slated to deliver this summer.
CERES, CALIF. — Marcus & Millichap has negotiated the sale of The Vineyard, a 212-unit community in the Modesto, California suburb of Ceres. The property traded hands for $32.6 million. Jon Mimms of Marcus & Millichap’s Fresno office represented both the undisclosed seller and undisclosed buyer in the deal. The Vineyard was built in 1979. Apartments at the community average 671 square feet in size and feature open floor plans, large kitchen pantries and central heating and air conditioning. Community amenities include two pools, five laundry rooms, covered parking, pathways and …
OAK PARK, MICH. — Friedman Communities, the management division of Friedman Real Estate, has been selected to manage The Loop on Greenfield in Oak Park, about 14 miles north of Detroit. The property was built in 1965 and features 717 units. Apartments come in studio, one- and two-bedroom layouts. Amenities include a fitness center, playground, pool and courtyard.
OMAHA, NEB. — Sullivan Development Co. has broken ground on Leavenworth Lofts, a 28-unit building in Omaha. Leavenworth Lofts will offer one-bedroom units that average 1,000 square feet in size. Planned amenities include access to concierge housekeeping and a controlled-entrance garage. Penthouse units on the fifth floor will feature secured access and private rooftop terraces. Units on the lower level will be available as a short-term rental option. The property will also feature a gallery that will spotlight rotating exhibits by local artists. The project is slated to deliver in …
SUWANEE — BWE has secured a $31 million loan to finance the construction of Imperium Suwanee, a 212-unit development in the Atlanta suburb of Suwanee. The community will offer amenities such as a fitness center, rooftop clubhouse, EV chargers, cybercafé with a coffee bar, pool, outdoor kitchen and bar, bike storage and repair station, courtyard, dog spa and a business center with a conference room. Thomas Wiedeman, Alan Tapie, Brad Walker and Hanley Long of BWE’s Atlanta office originated the loan through two community bank lenders. The borrower was Imperium …
NILES, OHIO — Friedman Real Estate has brokered the sale of Timber Creek Apartments, a 305-unit community located at 1223 North Road in the Youngstown, Ohio suburb of Niles. CREG Property VIII LLC purchased the asset from Orem Timber Creek II LLC for $11.5 million. Peter Jankowski, Rich Deptula and Chris Weir represented both the buyer and the seller in the deal.
AUSTIN, TEXAS — The NRP Group has completed The Markson, a 330-unit mixed-income development in the Barton Springs area of Austin. More than half of the total unit count will be reserved for tenants earning 80 percent or less of the area median income. Amenities include a pool, dog park, conference rooms, co-working lounge, coffee bar, fitness center, game room, outdoor kitchen and volleyball and bocce ball courts. The NRP Group developed The Markson in partnership with the Housing Authority of the City of Austin. The property was named after …
DALLAS — Banyan Residential, in partnership with Bridge Investment Group, has completed Banyan Flats, a 289-unit community located at 2022 N. Beckley Ave, just west of downtown Dallas. The property offers micro, studio, one-, two- and three-bedroom units ranging in size from 415 to 1,425 square feet. Of the total unit count, half will be set aside for households earning 80 percent or less of the area median income. Amenities include a pool, fitness center, clubhouse, dog wash station and a rooftop deck. JHP Architecture designed the property. J.P. Morgan …
ARLINGTON, TEXAS — Trademark Property Co. has unveiled plans for the redevelopment of Lincoln Square, a 45-acre retail center in Arlington. Lincoln Square was constructed 40 years ago. Trademark acquired the property in late 2022 and subsequently entered into a public-private partnership agreement with the City of Arlington to invest $150 million into the redevelopment. The Fort Worth-based owner-operator plans to demolish about 229,000 square feet of the existing space and repurpose another 65,000 square feet at the property. The resulting mixed-use community will be known as “Anthem.” Once converted, the …