Friday, December 27, 2024
Read the Digital Magazines Subscribe to the Newsletter

Top Story

Preserve at Melrose in San Diego
CaliforniaInvestment SalesNewsWestern

Mesirow Acquires Preserve at Melrose in San Diego for $185 Million

by Channing Hamilton

SAN DIEGO — Chicago-based financial services firm Mesirow has purchased Preserve at Melrose, a 410-unit property located in the Vista neighborhood of San Diego, for $185 million. Built in 2015, Preserve at Melrose offers one-, two- and three-bedroom floor plans. According to Apartments.com, the garden-style community features amenities such as a business center, clubhouse, lounge, fitness center, pool, playground and courtyard. Hunter Combs of Walker & Dunlop represented the seller, a locally based group, and the buyer in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
Emblem at Tower in Manor, Texas
DevelopmentFinanceNewsTexas

Associated Bank Provides $60.4 Million Construction Loan for Affordable Housing Project in Austin Suburb

by Channing Hamilton

MANOR, TEXAS — Associated Bank has provided a $60.4 million construction loan for Emblem at Tower, a 324-unit affordable housing development located at 12100 Tower Road in Manor, about 15 miles northeast of Austin, Texas. Great Southern Bank joined Associated Bank in the construction loan syndication. Dominium was the borrower. Emblem at Tower will consist of 11 three-story buildings that house a mix of two-, three- and four-bedroom units. The 4-percent LIHTC project will be available to households earning less than 60 percent of the area median income. Residents will …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Current at Watershed in Laurel, Maryland
Build-to-RentInvestment SalesMarylandNewsNortheast

Berman Enterprises Purchases Build-to-Rent Community in Laurel, Maryland, for $54 Million

by Channing Hamilton

LAUREL, MD. — Rockville, Maryland-based Berman Enterprises has purchased The Current at Watershed, a build-to-rent asset located at 3101 Runnel Lane in Laurel, roughly midway between Baltimore and Washington, D.C. Bethesda, Maryland-based Couloir Ventures sold the community to Berman Enterprises for $54 million. Ari Azarbarzin, Chris Doerr, Jack Brocato, Will Harvey, Shack Stanwick, Wallace Halpert and Anthony Pino of Northmarq represented the seller in the deal. Built in 2023, The Current at Watershed offers 97 three-bedroom townhomes. The average unit size is 1,407 square feet. Each residence features quartz countertops, stainless …

Continue Reading
0 FacebookTwitterLinkedinEmail
Malt Drive in New York City
Company NewsDevelopmentNew YorkNewsNortheast

Dune, TF Cornerstone Launch $1 Billion Office-to-Residential Venture

by Channing Hamilton

NEW YORK CITY — Dune Real Estate Partners (Dune) and TF Cornerstone (TFC) have formed a $1 billion venture aimed at converting office buildings into residential communities. The venture, dubbed Alta Residential, will initially target opportunities in Atlanta, Boston, Dallas, Los Angeles, New York City, San Francisco, Washington, D.C., as well as Charlotte and Raleigh, North Carolina. Dune and TFC will source potential conversion opportunities on behalf of Alta Residential. The team will provide construction oversight of local joint venture developments. Additionally, TFC and Alta Residential plan to jointly develop conversion …

Continue Reading
0 FacebookTwitterLinkedinEmail
Beaumont Apartments in Woodinville, Washington
Investment SalesNewsWashingtonWestern

JLL Capital Markets Brokers $136 Million Sale of Beaumont Apartments in Seattle Suburb

by Channing Hamilton

WOODINVILLE, WASH. — JLL Capital Markets has negotiated the $136 million sale of Beaumont Apartments, a 344-unit community located at 14001 NE 183rd St. in Woodinville, 20 miles northeast of Seattle. David Young, Corey Marx and Chris Ross of JLL represented the undisclosed seller in the deal. The identity of the buyer was also not disclosed. Built in 2009, Beaumont Apartments consists of three buildings on a 14.3-acre site. The property offers studio, one- and two-bedroom units with an average size of 856 square feet. Residents have access to amenities …

Continue Reading
0 FacebookTwitterLinkedinEmail
Henley Tampa Palms in Tampa, Florida
FloridaInvestment SalesNewsSoutheast

Continental Realty Corp. Acquires Henley Tampa Palms in Tampa, Florida, for $82 Million

by Channing Hamilton

TAMPA, FLA. — Baltimore-based Continental Realty Corp. (CRC) has acquired Henley Tampa Palms, a 315-unit community located at 15350 Amberly Drive in Tampa. 29th Street Capital sold the property to CRC for $82 million. Berkadia represented the seller in the deal. CRC purchased Henley Tampa Palms on behalf of one of its sponsored private equity funds called Value-Add Multifamily I LP. Built in 1997, Henley Tampa Palms offers a mix of one-, two- and three-bedroom apartments averaging 1,375 square feet in size. Amenities include a clubhouse, fitness center with indoor …

Continue Reading
0 FacebookTwitterLinkedinEmail
Atlantic McKinney in McKinney, Texas
FinanceNewsTexas

Atlantic Pacific Cos. Secures $112.4 Million Refinancing for Three Properties in Metro Dallas

by Channing Hamilton

DALLAS-FORT WORTH — An affiliate of Miami-based investment firm Atlantic Pacific Cos. has received Freddie Mac agency loans totaling $112.4 million for the refinancing of three communities in the Dallas-Fort Worth metropolitan area. The financing consists of a $40 million loan for Atlantic Stonebriar, a 294-unit asset located in The Colony, about 30 miles north of Dallas; $42.3 million in debt for Atlantic McKinney, a 343-unit community in McKinney, which is also roughly 30 miles north of Dallas; and a $30.2 million loan for Atlantic Station, a 324-unit development in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lakeshore Mall redevelopment in Gainesville, Georgia
DevelopmentGeorgiaNewsSoutheast

Branch Properties Plans Mixed-Use Redevelopment of Lakeshore Mall in Gainesville, Georgia

by Channing Hamilton

GAINESVILLE, GA. — Branch Properties has planned a redevelopment of Lakeshore Mall, a 492,798-square-foot retail property in Gainesville, about 55 miles northeast of Atlanta. Plans for the redevelopment include 652 apartments, as well as 305,444 square feet of retail space and 38,200 square feet of community green spaces. The mixed-use property will also have the capacity for the future development of a hotel and townhomes. Branch Properties, which acquired the property in 2022, will initiate the development of the regional impact process with the Georgia Department of Community Affairs imminently. Gainesville …

Continue Reading
0 FacebookTwitterLinkedinEmail
Denizen in Portland, Oregon
Investment SalesNewsOregonWashingtonWestern

Kennedy Wilson Acquires Two Communities in the Pacific Northwest for $110 Million

by Channing Hamilton

SEATTLE AND PORTLAND, ORE. — A real estate fund managed by Kennedy Wilson has acquired Axel and Denizen, two properties located in the Pacific Northwest, for a total of $110 million. The seller was not disclosed. Built in Seattle in 2018, Axle offers 226 units, including eight townhomes. Units come in one- and two-bedroom floor plans. Amenities include a resident lounge, sky lounge and outdoor deck, coworking spaces, a fitness center, pet run and game room. Denizen was built in 2020 in Portland. The community features 212 studio, one- and …

Continue Reading
0 FacebookTwitterLinkedinEmail
800 Grand in Kansas City
DevelopmentMidwestMissouriNews

BR Cos. to Develop $250 Million High-Rise Community in Downtown Kansas City, Missouri

by Channing Hamilton

KANSAS CITY, MO. — BR Cos. plans to develop 800 Grand, a $250 million high-rise community located at the southwest corner of Eighth Street and Grand Boulevard in downtown Kansas City. The 25-story building will consist of 300 apartment units, as well as 24,000 square feet of retail and restaurant space. BR Cos. has partnered with local real estate agency Aristocrat Realty on the project. Hoefer Welker designed the community. Clark Construction and JE Dunn are serving as the general contractors. A construction timeline for 800 Grand was not disclosed. …

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