Top Story

111-Wall-NYC
DevelopmentFinanceNew YorkNewsNortheast

Walker & Dunlop Arranges $867 Million for Office-to-Residential Conversion in Manhattan’s Financial District

by Lynn Peisner

NEW YORK CITY — Walker & Dunlop has arranged $867 million in financing for an office-to-residential conversion project at 111 Wall Street in Lower Manhattan’s Financial District. The package consists of a $778.6 million construction loan with Apollo Global Management, J.P. Morgan Chase & Co. and TYKO Capital serving as lenders. Walker & Dunlop also advised on the extension of an existing $88.4 million C-PACE loan from Petros that remained in the capitalization. Walker & Dunlop’s team was led by Dustin Stolly, Aaron Appel, Adam Schwartz, Keith Kurland, Jonathan Schwartz, …

Continue Reading
0 FacebookTwitterLinkedinEmail
100-Terrace-Hempstead
Affordable HousingInvestment SalesNew YorkNewsNortheast

HVPG Acquires Long Island Affordable Housing Property for $145 Million

by Lynn Peisner

HEMPSTEAD, N.Y. — Hudson Valley Property Group (HVPG) has acquired 100 Terrace Apartments, a 430-unit affordable housing community located at 100 Terrace Ave. in Hempstead, a city in Nassau County. Total acquisition costs were approximately $145 million. HVPG is planning to invest roughly $23 million in renovations to the property, which was originally constructed in 1972. To ensure long-term affordability for residents, HVPG has secured a renewed HUD Project-Based Section 8 Housing Assistance Payment (HAP) contract covering 99 percent of the property’s units. Under this agreement, income-qualified residents will pay …

Continue Reading
0 FacebookTwitterLinkedinEmail
Wildwood-Missouri
DevelopmentMidwestMissouriNews

Mia Rose Holdings and Partners Break Ground on $57.5 Million Mixed-Use Project in St. Louis Metro

by Lynn Peisner

WILDWOOD, MO. — Locally based Mia Rose Holdings, along with Ed Kohn and Greenberg Development Co., has begun construction of Wildwood Luxury Living, a 188-unit community in Wildwood, 30 miles west of St. Louis. The developers are planning to deliver 188 luxury apartments with approximately 7,000 square feet of ground-floor commercial and restaurant space. First move-ins are predicted to occur in summer 2027. The project, which includes 7,000 square feet of commercial and retail space, is designed to complement the existing Wildwood Town Center, a mixed-use district. Wildwood Luxury Living …

Continue Reading
0 FacebookTwitterLinkedinEmail
Mockingbird-Station-Dallas
Affordable HousingDevelopmentNewsTexas

High Street Residential Breaks Ground on Dallas TOD

by Lynn Peisner

DALLAS — High Street Residential (HSR), a subsidiary of Trammell Crow Co., has broken ground on a 394-unit transit-oriented development in Dallas. The project, which has yet to be formally named, is part of a multi-phase conversion of approximately 16 acres of under-utilized surface parking owned by the Dallas Area Rapid Transit (DART) agency. The project is located at the SMU/Mockingbird station. At full buildout, the area will be a pedestrian-friendly, mixed-use neighborhood surrounding the DART station. HSR’s apartment project is expected to be complete by the end of 2027. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Renova-West-Bronx
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Gilbane Secures Financing for $193 Million Bronx Affordable Housing Development

by Lynn Peisner

NEW YORK CITY — Gilbane Development and several project partners have closed on financing for Renova West at 860 Concourse Village East in the Morrisania neighborhood in the Bronx. The $193 million project encompasses a 19-story mixed-use affordable housing development along with a new 7,000-square-foot ICL Bronx Health Hub, which provides physical and behavioral health care. Development partners include the Institute for Community Living (ICL), Tredway, New York City’s Department of Housing Preservation and Development (HPD) and Housing Development Corp. (HDC). The capital stack is comprised of debt and equity …

Continue Reading
0 FacebookTwitterLinkedinEmail
Dulce-Vida-Miami
Affordable HousingDevelopmentFloridaNewsSoutheast

Coral Rock Development to Build $85 Million Workforce Project in Miami-Dade

by Lynn Peisner

MIAMI — Locally based Coral Rock Development Group has secured a $54 million construction loan from Citibank for Dulce Vida, a 227-unit mixed-income, mixed-use community in Miami’s Allapattah neighborhood. Construction will begin in the first quarter of 2026. A completion date was not disclosed. The total project cost is approximately $85 million. Dulce Vida is a Live Local Act multifamily development. The statewide legislation, adopted in 2023 and updated in 2024, was created to accelerate the building of affordable housing housing near jobs and transit by pairing land-use incentives with …

Continue Reading
0 FacebookTwitterLinkedinEmail
3100-3118-Patrick-Henry-Drive-Santa-Clara
CaliforniaDevelopmentInvestment SalesNewsWestern

Berkadia Arranges $12.5 Million Land Sale in Silicon Valley

by Lynn Peisner

SANTA CLARA, CALIF. — JEMCOR Development Partners and Scaled Projects acquired a 2.5-acre site in Santa Clara for $12.5 million on Dec. 18. Jason Parr and Scott MacDonald of Berkadia San Francisco arranged the sale. The site is adjacent to Levi’s Stadium, home of the San Francisco 49ers, and is zoned for high-density residential development within the city’s Patrick Henry Drive Specific Plan Area. The plan was adopted by the Santa Clara City Council in 2022 with the goal to redevelop a series of office parks, some developed in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Alexan-Access-Lynnwood
Investment SalesNewsWashingtonWestern

Trammell Crow Sells Alexan Access in Metro Seattle to Bell Partners for $145 Million

by Lynn Peisner

LYNNWOOD, WASH. — Bell Partners has acquired Alexan Access in Lynnwood for $145 million. JLL Capital Markets arranged the sale as well as an $83.2 million Fannie Mae acquisition loan. The seller was Trammell Crow Residential. Located at 2727 Alderwood Mall Blvd., about 16 miles north of Seattle, Alexan Access was built in 2023 and includes 383 units as studios, one-, two- and three-bedroom floor plans across four buildings. A resort-style pool and hot tub, a sky lounge with a rooftop deck, coworking spaces, a fitness center with a second-level …

Continue Reading
0 FacebookTwitterLinkedinEmail
Brickell-Starlite-Miami
DevelopmentFinanceFloridaNewsSoutheast

JV Receives $250 Million Construction Loan to Build Miami Tower

by Lynn Peisner

MIAMI — Focus, a Chicago-based developer, and Group Fox, an investment and property management company also out of Chicago, have received a $250 million construction loan to build Brickell Starlite in Miami. Affinius Capital was the lender. Cushman & Wakefield arranged the financing. Brickell Starlite is a to-be-built, 39-story, 517-unit luxury property in Miami’s Brickell submarket on the site of the former Starlite Motel. Units will be offered as studio, one-, two- and three-bedroom layouts with 5 percent of the units designated for workforce housing. The development will feature amenities …

Continue Reading
0 FacebookTwitterLinkedinEmail
Block-Three-Madison
DevelopmentMidwestNewsWisconsin

Smith Gilbane Breaks Ground on Block Three at Madison Yards

by Lynn Peisner

MADISON, WIS. — Smith Gilbane, a joint venture comprised of developers Gilbane Development Co. and Summit Smith Development, are underway on construction of Block Three, the most recent phase of Smith Gilbane’s Madison Yards project in Madison’s Near West Side neighborhood. The Madison Yards master-planned community is a 21-acre site at the southwest corner of University Avenue and Segoe Road, the former location of the Wisconsin Department of Transportation’s headquarters. The total project includes approximately 500 units, a hotel, Class-A office spaces, 400,000 square feet of medical office space, a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.