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Overall-Creek-Murfreesboro
FinanceNewsSoutheastTennessee

Denholtz Secures $76 Million ReFi for Overall Creek in Metro Nashville

by Lynn Peisner

MURFREESBORO, TENN. — Denholtz has refinanced Overall Creek in Murfreesboro with a $76 million loan. PCCP was the lender, and Cushman & Wakefield arranged the financing. Red Bank, New Jersey-based Denholtz acquired Overall Creek in 2022. It was developed in 2020. The community, located at 5150 Jack Byrnes Drive, features resort-style amenities including a courtyard with a pool and grilling stations, fire pits, a dog park, a massage room, a tanning bed, business center and a fitness center. The property is currently 94 percent occupied and offers 384 one-, two- …

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1008-Mass-Ave-Cambridge
FinanceMassachusettsNewsNortheast

JLL Arranges $23 Million Refinancing for Metro Boston Property

by Lynn Peisner

CAMBRIDGE, MASS. — JLL Capital Markets has arranged a $23 million loan through Manulife/John Hancock Life Insurance Co. to refinance 1008 Mass Ave, a 65-unit luxury community in Cambridge. The borrower was Boston Residential Group. The seven-story building, constructed in 1999, features 65 studios, one- and two-bedroom apartments along with ground-floor retail space currently occupied by Gibson Sotheby’s International Realty. The property is home to 67 covered parking spaces and amenities including 24-hour concierge services, a fitness center, a seventh-floor deck with panoramic city views and laundry facilities on every …

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Harborside-8-Jersey-City
DevelopmentFinanceNew YorkNewsNortheast

JV Secures $384 Million for Jersey City Waterfront High-Rise Development

by Lynn Peisner

JERSEY CITY, N.J. — Panepinto Properties and AJD Construction have secured $306 million in senior non-recourse construction financing and $78 million in preferred equity for the land purchase and vertical construction of Harborside 8, a 678-unit, luxury waterfront development along the Hudson River in Jersey City.  JLL’s Capital Markets group arranged the floating-rate senior loan through Kennedy Wilson. JLL also arranged the preferred equity through Affinius Capital. The development partners plan to break ground in the first quarter of 2026 with stabilization estimated for the first quarter of 2030. The 65-story …

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Marine-Drive-Apartments-Buffalo
Affordable HousingDevelopmentNew YorkNewsNortheast

The Habitat Co. to Break Ground in Spring on $600 Million Redevelopment of Buffalo Waterfront

by Lynn Peisner

BUFFALO, N.Y. — The Habitat Co. has closed on financing for Marine Drive Apartments in downtown Buffalo. The project will mark the start of a three-phase, $600 million redevelopment of the historic waterfront site, which will include infrastructure work, that will be led by Habitat in partnership with Duvernay + Brooks and Bridges Development, an affiliate of the Buffalo Municipal Housing Authority (BMHA). The Phase I project cost is approximately $208 million. It is financed through public-private partnerships between Enterprise Community Partners, Buffalo-based M&T Bank and New York State Homes …

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TenTen-Campus-Glendale
CaliforniaFinanceNewsWestern

JLL Arranges $125 Million Refinancing for Amidi Group’s Downtown Glendale Project

by Lynn Peisner

GLENDALE, CALIF. — JLL Capital Markets has arranged a $125 million loan from Oaktree Capital Management secured by The Amidi Group’s TenTen Campus in Glendale. The loan enables The Amidi Group to retire existing construction debt on the eight-story newly developed property. Residents began moving in February 2025. The property was 95 percent occupied at the time of the transaction’s closing. Spanning 220,018 square feet, the property’s 228 units are offered as studios, one- and two-bedroom apartments. Amenities include a resort-style pool and hot tub, a rooftop terrace with skyline …

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Hyde-Park-Tower-Chicago
IllinoisInvestment SalesMidwestNews

LaTerra, Respark Acquire $455 Million Chicagoland Portfolio from Aimco

by Lynn Peisner

CHICAGO — LaTerra Capital Management, an affiliate of LaTerra Development, in partnership with Respark Residential, is under contract with Aimco (NYSE: AIV) to acquire a 1,495-unit, seven-property portfolio located across suburban Chicago submarkets including the cities of Evanston, Lombard and Elmhurst. The portfolio is being acquired at a purchase price of $455 million, with a closing targeted for the first quarter of 2026, pending the assumption of in-place mortgage loans. The joint-venture buyer has completed due diligence and partially funded a non-refundable deposit that will, under the terms of the …

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Laster-Farms-Farragut
DevelopmentNewsSoutheastTennessee

Trinitas, Millstone to Develop $80 Million Community in Suburban Knoxville

by Lynn Peisner

FARRAGUT, TENN. — Trinitas Ventures and Millstone will develop Laster Farms at Turkey Creek in Farragut, 18 miles west of Knoxville, Tennessee. The $80 million development will include 240 units in one-, two- and three-bedroom layouts with monthly asking rents ranging from $1,800 to $2,800. Both joint venture partners are based out of Indiana. Millstone, a development and construction firm, identified and entitled the site and will serve as the general contractor. The developers closed on financing for the project in November. A completion date was not disclosed. Amenities will …

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HaverstockHills-Houston
Affordable HousingDevelopmentInvestment SalesNewsTexas

Fairstead Acquires Houston Affordable Housing Property, Plans Redevelopment for $242 Million Total Investment

by Lynn Peisner

HOUSTON — Fairstead has acquired Haverstock Hills Apartments in Houston’s East Aldine neighborhood. The New York City-based affordable housing developer will renovate the 700-unit property over the next 24 months. The redevelopment and acquisition costs came to $242 million. PNC Multifamily Capital was the debt and equity provider. Harris County Housing Finance Corp. and Rainbow Housing Corp. will continue to provide on-site social services. Located at 5619 Aldine Bender Road, Haverstock Hills comprises 44 two- and three-story buildings spanning 22 acres. Residences include a mix of studios, one-, two- and …

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Perry-Row-Dallas-Texas
FinanceInvestment SalesNewsTexas

Mesa West Capital Originates $42 Million Loan for JV Acquisition in Dallas

by Lynn Peisner

DALLAS — A joint venture consisting of Knightvest Capital and TPG Angelo Gordon has secured a $42 million acquisition loan originated by Mesa West Capital. The loan was used to buy and to finance an upcoming renovation of Perry Row, a 149-unit community at 6044 E. Lovers Lane in northeast Dallas, approximately six miles north of downtown. Built in 2009, the property offers a mix of one-, two- and three-bedroom townhome-style units. Amenities include a 24-hour fitness center, a resort-style pool, an outdoor kitchen and a business center. The new …

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Village-at-Cedar-Hills-Jacksonville
Affordable HousingDevelopmentFloridaNewsOperationsSoutheast

Ability Housing Opens $31 Million Affordable Community in Jacksonville

by Lynn Peisner

JACKSONVILLE, FLA. — Ability Housing has completed Village at Cedar Hills, an affordable housing community in Jacsksonville’s Westside neighborhood. Rent restrictions for the property’s 90 units vary, ranging from 30 to 60 percent of area median income (AMI). Monthly rents are based on household size and income and range from approximately $500 for a one-bedroom unit for a household earning 30 percent or less of AMI to approximately $1,380 for a three-bedroom unit for a household earning up to 60 percent of AMI. Six units are reserved for individuals or …

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