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The Michaels Organization, JOIN and KUDA Break Ground on $88M Project in Davis, California

by Lynn Peisner August 24, 2026

DAVIS, CALIF. — The Michaels Organization and has broken ground on an $88 million community called The Lumberyard in Davis. Development partners include Kyuden Urban Development America (KUDA) and Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development (JOIN), a Tokyo-based firm specializing in overseas transportation and urban development projects. KUDA is the U.S. real estate development subsidiary of Japan-based Kyushu Electric Power Co. The Lumberyard takes its name from Hibbert’s Lumberyard and Hardware Store, which operated on the development site at the intersection of G and 5th streets …

August 24, 2026

Seasons-at-Horsetooth-Crossing-Fort-Collins

Colorado Investment Sales News Western

The Rainier Cos. Sells Property Near Colorado State University for $62.7M

by Lynn Peisner August 21, 2026

FORT COLLINS, COLO. — JLL has arranged the $62.7 million sale of Seasons at Horsetooth Crossing in Fort Collins as well as a $38.8 million Freddie Mac acquisition loan for the buyer, which was a Hamilton Zanze-sponsored Delaware Statutory Trust. The seller was The Rainier Cos. Seasons at Horsetooth Crossing, located about three miles south of Colorado State University, is a 208-unit garden-style property consisting of 26 two-story buildings with one-, two- and three-bedroom units. Amenities include a clubhouse, fitness center, pool, business center, courtyard, grills and bike storage.

August 21, 2026

Affordable Housing Development Finance New York News Northeast

Domain Secures $175.6M for Mixed-Income Development in Queens

by Lynn Peisner August 20, 2026

NEW YORK CITY — The Domain Cos. has obtained a $175.6 million loan through Wells Fargo for a mixed-income development in Astoria, Queens, called Elara. Domain’s equity partners on the deal are Canyon Partners Real Estate and BLDG Management. The financing was arranged by Chris Peck and Nicco Lupo of JLL. The 429-unit project includes an 18-story building with 330 apartments called Elara East and a 12-story building with 99 apartments named Elara West. Twenty-five percent of the units will be affordable. Income caps were not disclosed. Completion of Elara …

August 20, 2026

Development Finance News North Carolina Southeast

GMH-led JV Secures $114.2M Construction Loan for Charlotte High-Rise

by Lynn Peisner August 19, 2026

CHARLOTTE, N.C. — JLL has arranged a $114.2 million construction loan for ANOVA The Pearl, a 20-story, 382-unit unit high-rise under construction in Charlotte. GMH Communities, AEW Capital Management and Wexford Science & Technology broke ground in spring of this year. Completion is slated for 2028. The lender was Santander Bank. ANOVA The Pearl will feature studio, one-, two- and three-bedroom units complemented by 6,621 square feet of ground-floor retail, a fitness center, resort-style pool, rooftop lounge, golf simulator and coworking space. The development is located within The Pearl, a …

August 19, 2026

Development Finance New York News Northeast

Developers Secure $147.5M for 12-Story Development in Port Chester, N.Y.

by Lynn Peisner August 18, 2026

PORT CHESTER, N.Y. — Walker & Dunlop has arranged $147.5 million in debt and equity for the construction of 2 South Main, a 12-story, 322-unit property with 5,000 square feet of retail in Port Chester. Hyperion Group and AIP are the developers, and LRC Construction is the general contractor. Winter Properties also is a partner in the project. Construction will begin in the fourth quarter of 2026. A completion date was not disclosed. Walker & Dunlop’s Mo Beler, Jonathan Paine, Cory Elbaum, Jackson Irwin and Dawson Jessee arranged the equity …

August 18, 2026

Investment Sales News

Bell Partners Acquires Two Apartment Communities for $226M

by Lynn Peisner August 17, 2026

SOUTH SAN FRANCISCO, CALIF., AND READING, MASS. — Greensboro, North Carolina-based Bell Partners has acquired Bell South City West in South San Francisco and Bell Reading Commons in Reading in separate transactions totaling $226 million. The 195-unit Bell South City West, formerly known as Celeste, traded for $130 million, according to the San Francisco Business Times. Sares Regis Group of Northern California and an institutional equity partner sold the property. The 204-unit Bell Reading Commons, formerly known as Reading Commons, sold for $96 million, according to the Boston Business Journal. …

August 17, 2026

Investment Sales News North Carolina Southeast

Tishman Speyer Acquires Charlotte Asset for $76.3M

by Lynn Peisner August 14, 2026

CHARLOTTE, N.C. — Tishman Speyer has acquired Berkshire Dilworth, a 296-community in Charlotte. The purchase was completed with equity from a core-plus fund. The seller was Berkshire Residential. This marks the seventh acquisition by TS Plus fund which has raised $973 million to date. Previous fund acquisitions include industrial properties in Northern California and South Florida, as well as residential communities in Chicago, Dallas, Raleigh, North Carolina and Montclair, New Jersey. The Charlotte Business Journal reports the sale price was $76.3 million. The property was completed in 2016 and currently …

August 14, 2026

Finance News Washington Western

Mesa West Capital Originates $52M ReFi for Sumner Mill in Metro Seattle

by Lynn Peisner August 13, 2026

SUMNER, WASH. — Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit community in Sumner, about 40 miles south of Seattle. Timberlane developed Sumner Mill, opening the property in 2024. It is situated on approximately 4 acres and is comprised of studios, one- and two-bedroom units along with a pool, fitness center, clubhouse with a kitchen, conference room, package room, dog park, picnic area, electric vehicle chargers and rooftop solar panels. The financing was arranged by Jake Roberts …

August 13, 2026

California Investment Sales News Western

Jackson Square Acquires Marina del Rey Asset for $170M

by Lynn Peisner August 12, 2026

MARINA DEL REY, CALIF. — An affiliate of San Francisco-based Jackson Square Properties has acquired Shores, a 544-unit community in Marina del Rey for $170 million. Law firm Cox, Castle & Nicholson advised the seller, an entity doing business as Shores LLC, on the sale. Shores is a marina-adjacent community of 12 interconnected, five-story buildings featuring one- and two-bedroom floor plans. In addition to views of the Pacific Ocean, the property features a 2.5-acre courtyard with a pool, dual hot tubs, fire pits, barbecue areas and a bocce court. Shores …

August 12, 2026

Development Finance News Northeast

Invictus Obtains $67.3M Loan for Renovations to Metro Boston Beachfront Property

by Lynn Peisner August 11, 2026

REVERE, MASS. — JLL has arranged a $67.3 million refinancing loan through Bridge Investment Group Holdings for Eliot on Ocean, a 194-unit waterfront property along Revere Beach in Revere, Massachusetts. The borrower was New York City-based Invictus Real Estate Partners. Built in 2016, Eliot on Ocean is adjacent to the MBTA Wonderland Blue Line train station and features ocean views. Invictus plans to apply loan proceeds to renovations targeting common areas and unit interiors. Common area improvements will enhance the lobby, amenity spaces, fitness center and beachfront terrace. The unit …

August 11, 2026

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