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800 Broadway
CaliforniaFinanceNewsWestern

Affinius Capital Originates $148.5 Million in Refinancing for San Diego Community

by Channing Hamilton

SAN DIEGO — Affinius Capital has originated a $148.5 million loan for the refinancing of 800 Broadway, a 40-story apartment building in San Diego. James Burrell of Northmarq arranged the financing on behalf of the borrower, Diamond Realty Investments. 800 Broadway features 356 market-rate units and 33 affordable units. The property features studio, one- and two-bedroom apartments, as well as two- and three-bedroom penthouses. 800 Broadway also includes 4,830 square feet of commercial space. Tenants have access to amenities such as a rooftop deck with a pool and hot tub, …

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The Residences at Enso
FinanceFloridaNewsSoutheast

Thorofare Capital Provides $74 Million Loan for Refinancing of Community in Jacksonville, Florida

by Channing Hamilton

JACKSONVILLE, FLA. — Thorofare Capital has provided a $74 million bridge loan for the refinancing of The Residences at Enso, a 304-unit asset located 20 miles east of downtown Jacksonville along the Saint Johns River. The borrower, Trevato Development Group, will use the 2.5-year floating-rate loan to repay the original construction loan on the property. Jeff Kinney and Phil Rachels of CBRE’s Jacksonville office arranged the loan. The Residences at Enso consists of nine, four-story buildings across 22 acres. Floor plans range from 669 square feet to 1,599 square feet. The …

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Avalon Wesmont Station
Investment SalesNew JerseyNewsNortheast

AvalonBay Communities Sells 406-Unit Asset in New Jersey for $161.5 Million

by Channing Hamilton

WOOD-RIDGE, N.J. — AvalonBay Communities has sold Avalon Wesmont Station, a 406-unit community located in Wood-Ridge, approximately 15 miles northwest of New York City. Cammeby’s International purchased the community for $161.5 million. Located at 100 Rosie Square, Avalon Wesmont Station offers a mix of studio, one-, two- and three-bedroom apartments. The average unit size is 959 square feet. Residents have access to amenities such as a pool, sundeck with grills, clubroom with workstations, fitness center. The property also offers covered parking and 18,000 square feet of ground floor retail space. Jose …

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Fulbrix Apartments
IllinoisInvestment SalesMidwestNews

Greystone Provides $120 Million Acquisition Loan for Chicago High-Rise

by Channing Hamilton

CHICAGO — Greystone has provided a $120 million Fannie Mae loan for the acquisition of Fulbrix Apartments, a 375-unit apartment tower located at 160 N. Elizabeth St. in Chicago’s Fulton Market. The 27-story property features 375 units. Eric Rosenstock and Jesse Yodice of Greystone originated the financing on behalf of the borrower, Normandy Real Estate. The loan features a 10-year term with seven years of interest-only payments. The $170 million purchase marked Chicago’s largest multifamily sales transaction since 2023, according to Greystone.

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The Stacks
DevelopmentNewsNortheastWashington, D.C.

Akridge, National Development Complete First Phase of Mixed-Use Project in D.C.

by Channing Hamilton

WASHINGTON, D.C. — Akridge and National Real Estate Development have opened Colette and Everly, two apartment communities situated within The Stacks, a mixed-use project in the Buzzard Point neighborhood of Washington, D.C. The openings of Colette and Everly mark the completion of the mixed-use project’s first phase. Phase I of The Stacks totals nearly 1 million square feet, including three apartment buildings with 1,116 units and more than 90,000 square feet of amenity spaces. Phase I also includes approximately 22,000 square feet of public parks, 40,000 square feet of retail …

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Hawthorne
CaliforniaFinanceNewsWestern

Stockbridge, Wilson Meany Secure $170 Million Refinancing for Portfolio in San Mateo, California

by Channing Hamilton

SAN MATEO, CALIF. — Stockbridge and Wilson Meany have received a $170 million first mortgage for Bay Meadows Apartment Collection, a portfolio of four properties totaling 390 units in San Mateo, roughly 20 miles south of San Francisco. The portfolio offers a mix of studios, one-, two- and three-bedroom floor plans. The average unit size is 1,035-square feet. The portfolio also features a total 9,961-square feet of ground floor retail space. The four properties included in the portfolio are: The communities are located within the 83-acre Bay Meadows master-planned community, …

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50 Hudson St.
DevelopmentFinanceNew JerseyNewsNortheast

Tishman Speyer Receives $331 Million Construction Loan for Jersey City Apartment Tower

by Channing Hamilton

JERSEY CITY, N.J. — Tishman Speyer has received a $331 million loan from global investment group CDPQ for the construction of a 40-story apartment tower in Jersey City. Located at 50 Hudson St. in the Paulus Hook neighborhood, the community will consist of 924 apartments and 10,000 square feet of street-level retail space. Units will come in studio, one- and two-bedroom floor plans. The New York City-based developer plans to break ground on the tower in the coming weeks, with completion slated for 2028. The development is the sister building of 55 …

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Linea
DevelopmentNewsNorth CarolinaSoutheast

Portman, National Real Estate Advisors Complete 24-Story Apartment Tower in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — Portman and National Real Estate Advisors have delivered Linea, a 24-story apartment tower located at 2161 Hawkins St. in Charlotte’s South End neighborhood. The property features 370 units, as well as 18,000 square feet of ground-floor retail space.  Apartments at Linea range from 522 to 1,723 square feet in size. Units come in studio, one-, two- and three-bedroom floor plans. The property also offers 13 penthouses. Shared amenities at Linea include concierge services such as package delivery, in-home grocery and dry-cleaning delivery and plant and cat care. …

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East Rutherford
Investment SalesNew JerseyNewsNortheast

Tag Investment Properties Sells New Jersey Portfolio for $94 Million

by Channing Hamilton

NEW JERSEY — Tag Investment Properties has sold a portfolio totaling 519 units throughout Bergen and Hudson counties in New Jersey for $94 million. The properties were constructed between 1920 and 1980. The unit mix includes 61 percent one-bedroom, 35 percent two-bedroom and the remaining units as studios and three-bedroom apartments. Tuli Realty acquired the properties located in East Rutherford, Cliffside Park, Palisades Park, Lyndhurst, Garfield and Jersey City, while Sher Management purchased an asset in Kearny. The portfolio was 97 percent occupied at the time of sale. Cushman & …

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1100 Meinhard Road
Build-to-RentDevelopmentGeorgiaNewsSoutheast

Joint Venture to Develop 250-Unit Build-to-Rent Project in Port Wentworth, Georgia

by Channing Hamilton

PORT WENTWORTH, GA. — A joint venture consisting of PCCP and Advenir Azora has purchased 28 acres in Port Wentworth for the development of a 250-unit build-to-rent (BTR) community. The site is located at 1100 Meinhard Road, approximately 10 miles from the Port of Savannah, a major seaport located in Savannah, Georgia. The community will offer one- and two-bedroom duplexes, two-bedroom cottages and two- and three-bedroom townhomes. The average unit size will be 1,081 square feet. Amenities will include a 3,000-square-foot clubhouse and leasing center with a conference room, coffee …

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