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Onyx at Westgate in Glendale, Arizona
ArizonaBuild-to-RentInvestment SalesNewsWestern

Inland Real Estate Acquisitions Brokers Sale of 190-Unit Build-to-Rent Community Near Phoenix

by Channing Hamilton

GLENDALE, ARIZ. — Inland Real Estate Acquisitions LLC has negotiated the sale of Onyx at Westgate, a 190-unit build-to-rent property in the Phoenix suburb of Glendale. Mark Cosenza of Inland Real Estate Acquisitions arranged the deal on behalf of an Inland affiliate, with assistance from and David Neboyskey and associate counsel.  Onyx at Westgate was developed in 2022 and consists of 58 one-bedroom, 85 two-bedroom and 47 three-bedroom units. Each one-story home features 10-foot ceilings, wood plank-style flooring and smart home technology packages. Amenities include a pool and spa, green …

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Chateau de Ville in Anaheim, California
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $79 Million Sale of Chateau de Ville in Anaheim, California

by Channing Hamilton

ANAHEIM, CALIF. — Marcus & Millichap has arranged the sale of Chateau de Ville, a 254-unit community in Anaheim. The asset traded hands for $79 million. Chateau de Ville was built in 1970 on a 9-acre site. The controlled-access property comprises 21 buildings and offers one- and two-bedroom floor plans. Amenities include a pool, clubhouse and fitness center. Tyler Leeson and Matt Kipp of Marcus & Millichap’s Orange County office represented the seller, a long-term partnership, and procured the buyer, a private investor.

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255 E. 39th St. in New York City
DevelopmentFinanceNew YorkNewsNortheast

Cushman & Wakefield Arranges $75 Million to Construct 157-Unit Building in Manhattan

by Channing Hamilton

NEW YORK CITY — Cushman & Wakefield has arranged a $75 million construction loan for a high-rise project located at 255 E. 39th St. in the Murray Hill neighborhood of Manhattan. Gideon Gil, Lauren Kaufman, Zachary Kraft and Cecelia Galligan of Cushman & Wakefield arranged the financing through J.P. Morgan and First Citizens Bank on behalf of the borrower and developer, Brause Realty. The building will rise 20 stories and will include 157 units, as well as 4,687 square feet of commercial space and an affordable housing component. The project …

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Oak Grove in Aubrey, Texas
Build-to-RentDevelopmentNewsTexas

Legacy Partners, The Resmark Cos. Underway on Two Build-to-Rent Projects Near Dallas

by Channing Hamilton

MELISSA AND AUBREY, TEXAS — Legacy Partners and The Resmark Cos. are underway on two build-to-rent communities in the metro Dallas area. Highland will comprise 133 units in the northern Dallas suburb of Melissa. The complex will offer one-, two- and three-bedroom homes that range in size from 780 to 1,500 square feet. Units will feature granite countertops, smart home technology and private fenced-in yards. Select homes will also have attached garages. Monthly rental rates are expected to start at $2,100. Oak Grove will feature 134 units in Aubrey, 50 …

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The Windsor in Lakewood, Colorado
ColoradoInvestment SalesNewsWestern

Brixton Capital Purchases The Windsor in Lakewood, Colorado for $124.2 Million

by Channing Hamilton

LAKEWOOD, COLO. — Brixton Capital has acquired The Windsor, a 352-unit community in the Denver suburb of Lakewood, from TA Realty for $124.2 million. Brixton Capital plans to rebrand the asset as Brixton Townhomes at Bear Creek. The buyer will also renovate the community with updates to unit interiors and common area amenities. Brixton Capital and TA Realty were both self-represented in the transaction. The Windsor is situated on 29 acres at 8152 W. Eastman Place. The property comprises 392,000 square feet of leasable space across 53 buildings. The Windsor …

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Oxenfree at Princeton in Princeton, Texas
Build-to-RentColoradoDevelopmentIllinoisMidwestNewsNorth CarolinaSoutheastTennesseeTexasWestern

Core Spaces Expands Build-to-Rent Brand, Plans 4,000-Unit Pipeline

by Channing Hamilton

CHICAGO — Core Spaces plans to expand its build-to-rent brand, Oxenfree. The Chicago-based developer currently has a pipeline of approximately 4,000 units under development in markets such as Dallas-Fort Worth, Denver, Nashville, Austin, Charlotte and Florida’s Gulf Coast. The company plans to begin leasing at its first two communities — Oxenfree at WeHo in Nashville, Tennessee, and Oxenfree at Princeton in Princeton, Texas — in March, with the first units slated to deliver by April. Oxenfree at WeHo is located in Nashville’s Wedgewood-Houston neighborhood. The asset offers 96 townhome units …

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70 Pine Street in New York City
Investment SalesNew YorkNewsNortheast

JLL Capital Markets Arranges $395 Million Refinancing for 70 Pine Street in New York City 

by Channing Hamilton

NEW YORK CITY — JLL Capital Markets has brokered the $395 million refinancing of 70 Pine Street, a 66-story mixed-use property situated within New York City’s financial district. JLL worked on behalf of the borrowers, DTH Capital and Rose Associates, to secure the financing through Goldman Sachs. Christopher Peck, Geoff Goldstein and Christopher Pratt led the JLL Capital Markets Debt Advisory Team. 70 Pine Street was originally built in 1932 for office use. The building was renovated in 2016, and now offers residential units, retail space and a 165-key hotel. The residential component …

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LEO at Cypress Creek in San Antonio, Florida
Build-to-RentDevelopmentFloridaNewsSoutheast

Advenir Capital Underway on $93.5 Million Build-to-Rent Community in Tampa Suburb

by Channing Hamilton

SAN ANTONIO, FLA. — Advenir Capital is underway on the development of LEO at Cypress Creek, a $93.5 million build-to-rent community in the Tampa suburb of San Antonio. The property will comprise 315 units across a 40-acre site. Units will come in a mix of standalone cottages, duplexes and townhomes. Floor plans range from one bedroom and 728 square feet to three bedrooms and 1,510 square feet. Planned amenities include a pool, clubhouse, fitness center, internet lounge, Wi-Fi connectivity, green spaces and a pet wash station. Site work for the …

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Marina Square in Bremerton, Washington
FinanceNewsWashingtonWestern

JLL Arranges $79 Million Refinancing for Marina Square in Bremerton, Washington

by Channing Hamilton

BREMERTON, WASH. — JLL Capital Markets has brokered $79 million to refinance Marina Square, a 270-unit community in Bremerton, 16 miles across the Puget Sound from Seattle. JLL worked on behalf of the borrower, Sound West Group, to secure the five-year, floating-rate loan through TPG Real Estate Credit. Seth Heikkila, Tom Wilson and Steve Petrie led the JLL Capital Markets Debt Advisory team. Marina Square offers studio, one- and two-bedroom units. Amenities include a roof deck with water views, a clubroom with indoor and outdoor space, public plaza, kayak launch …

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The Everstead at Conroe in Conroe, Texas
Build-to-RentDevelopmentNewsTexas

Landmark Properties Breaks Ground on 190-Unit Build-to-Rent Community Near Houston

by Channing Hamilton

CONROE, TEXAS — Landmark Properties has begun constructing The Everstead at Conroe, a 190-unit build-to-rent development in the northern Houston suburb of Conroe. Landmark Properties will develop the project together with its joint venture partner, Open House Group Co. Landmark Construction is the general contractor. The Everstead at Conroe is situated on a 23.5-acre site. The community will offer a mix of 56 two-bedroom and 134 three-bedroom ranch homes and townhomes. Amenities will include a pool, dog park, playground, pickleball and bocce courts, 567 parking spaces and a 2,817-square-foot clubhouse …

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