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Provenza at Old Peachtree in Suwanee, Georgia
GeorgiaInvestment SalesNewsSoutheast

RangeWater, Nippon Steel Kowa Acquire Provenza at Old Peachtree Near Atlanta

by Channing Hamilton

SUWANEE, GA. — RangeWater Real Estate and Nippon Steel Kowa Real Estate have acquired Provenza at Old Peachtree, a garden-style community located at 1460 Distribution Drive in the Atlanta suburb of Suwanee. The asset will be rebranded as Echo Ridge Suwanee. The property offers amenities such as a pool, outdoor patio with a fireplace, fitness center, clubroom, catering kitchen, car care center, business center with a private meeting space and a community pond with walking trails. The new owners are planning to add a dog park and a pet spa …

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Investment SalesNew YorkNewsNortheast

Marcus & Millichap Arranges $13.2 Million Sale of 76-Unit Property in Queens

by Channing Hamilton

NEW YORK CITY — Marcus & Millichap has negotiated the sale of a 76-unit property at 34-50 28th Street in the Astoria neighborhood of Queens. The asset traded hands for $13.2 million. Louis Zarif, Shaun Riney and Sean Fopeano of Marcus & Millichap represented the seller and procured the buyer in the deal. Both parties were private investors that requested anonymity. The property was originally built in 1930 and rises six stories, according to StreetEasy.com. Units come in studio, one- and two-bedroom floor plans.

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Investment SalesNewsTexas

The Multifamily Group Brokers Sale of 63-Unit Courtyard Apartments in Longview, Texas

by Channing Hamilton

LONGVIEW, TEXAS — The Multifamily Group has arranged the sale of Courtyard Apartments, a 63-unit community in Longview, 120 miles east of Dallas. Yonnic Land of The Multifamily Group represented the seller and procured the buyer in the deal. Both parties requested anonymity. Courtyard Apartments was built in 1966. The community offers one- and two-bedroom floor plans with an average size of 778 square feet.

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ArizonaBerkadiaFinanceInvestment SalesNewsWestern

Berkadia Brokers Sale, Financing of 174-Unit Cambriain Gilbert, Arizona

by Channing Hamilton

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 …

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DevelopmentNew YorkNewsNortheast

Developer Nears Completion of 44 Springside in Poughkeepsie, New York

by Channing Hamilton

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.

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The Vineyard in Ceres, California
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $32.6 Million Sale of The Vineyard in Ceres, California

by Channing Hamilton

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 …

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Leasing & MarketingMichiganMidwestNews

Friedman Communities to Manage 717-Unit The Loop on Greenfield in Oak Park, Michigan

by Channing Hamilton

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.

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Leavenworth Lofts in Omaha, Nebraska
DevelopmentMidwestNebraskaNews

Sullivan Development Breaks Ground on 28-Unit Leavenworth Lofts in Omaha, Nebraska

by Channing Hamilton

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 …

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DevelopmentFinanceGeorgiaNewsSoutheast

BWE Secures $31 Million to Construct Imperium Suwanee in Atlanta Suburb

by Channing Hamilton

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 …

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Timber Creek Apartments in Niles, Ohio
Investment SalesMidwestNewsOhio

Friedman Real Estate Brokers Sale of Timber Creek Apartments in Niles, Ohio

by Channing Hamilton

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.

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