Top Story

Soleste-on-the-Trail
DevelopmentFinanceFloridaNewsSoutheast

Estate Cos. Secures $60 Million Loan to Build Soleste Property in Palm Beach County

by Lynn Peisner

RIVIERA BEACH, FLA. — The Estate Cos., a Miami-based developer known for its Soleste brand of communities, has secured a $60 million construction loan to build Soleste on the Trail in Riviera Beach. Located approximately five miles north of West Palm Beach and situated aside a lake, the community will be comprised of 255 one- and two-bedroom units. A completion date was not disclosed. Amenities will include a clubhouse, a resort-style pool with cabanas, outdoor barbecue areas, a fitness center with on-demand classes and a yoga studio, a full-service spa, …

Continue Reading
0 FacebookTwitterLinkedinEmail
El-Paseo
Affordable HousingInvestment SalesNew MexicoNewsOregonWestern

Guardian Buys $497 Million Post-Compliance LIHTC Portfolio, Extends Affordability

by Lynn Peisner

PORTLAND, ORE. — Portland-based multifamily operator, developer and investor Guardian has acquired a portfolio of 15 affordable housing communities in Oregon and New Mexico, each of which has reached the end of its 15-year LIHTC compliance period. Guardian will convert a portion of the portfolio’s market-rate units to be rent capped at 60 percent of area median income. The acquisition was completed in two separate phases. The first phase included two Portland-area properties totaling 310 units, acquired with capital partner AEW. The second phase included 13 properties and 2,740 units …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Chester
CaliforniaDevelopmentNewsWestern

Kimko, Bozzuto to Add Residential to Historic Bay Area Shopping Center

by Lynn Peisner

DALY CITY, CALIF. — Kimco Realty (NYSE: KIM) and Bozzuto have broken ground on The Chester at Westlake, a 214-unit community located in the Westlake Shopping Center in Daly City, about 10 miles south of San Francisco. The project is part of Kimko’s strategy to incorporate residential into its retail developments. Westlake, a 40-acre, open-air center, opened in 1951 and was acquired by Kimko in 2002. Westlake Shopping Center is described as one of the earliest planned shopping centers in the United States, and neighborhoods were built around the center, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Alloy-Block
Affordable HousingDevelopmentNew YorkNewsNortheast

Developers Secure $535 Million to Finance Second Phase of Brooklyn Project

by Lynn Peisner

NEW YORK CITY — Alloy Development and The Vistria Group have closed on $535 million in construction financing for the development of One Third Avenue, a 583-unit mixed-income high-rise that comprises Phase II of the Alloy Block development in Brooklyn. The 62-story community will join buildings developed in the first phase of the project — 505 State Street, a mixed-use community, and 489 State Street, a public elementary school. Once complete, the Alloy Block will be home to a total of 1,000 residences, including approximately 200 affordable housing units. Vistria …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Mix
DevelopmentNewsTexas

StreetLights Residential Breaks Ground at The Mix in Frisco

by Lynn Peisner

FRISCO, TEXAS — StreetLights Residential has broken ground on a multifamily development within The Mix, a $3 billion, 112-acre mixed-use development anchored by a 9-acre park in Frisco along the Dallas North Tollway. The community will feature more than 635 apartments and townhomes in two sections in The Mix. Floor plans will be offered as one-, two- and three-bedroom options. In-unit features include built-in Sonos speakers; screened balconies; intuitive smart home controls, such as locks, thermostats and dimmable lights; and wine refrigerators. Amenities will include coworking lounges, pet wash stations, …

Continue Reading
0 FacebookTwitterLinkedinEmail
URBY-Hoboken
DevelopmentFinanceNew JerseyNewsNortheast

PCCP Provides $162 Million Construction Loan for Hoboken Development

by Lynn Peisner

HOBOKEN, N.J. — Locally based Ironstate Holdings has secured a $162 million construction loan provided by PCCP for the development of Hoboken Urby, a 345-unit, transit-oriented development in Hoboken. Completion is slated for early 2028. The 16-story, 418,332-square-foot project will include 307 market-rate units, 38 affordable units and approximately 17,000 square feet of retail space, which will include a café. The site is less than a quarter of a mile from the Hoboken PATH train station. The unit mix will feature 29 studios, 220 one-bedrooms, 61 two-bedrooms and 35 three-bedrooms. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cypress-Point
CaliforniaInvestment SalesNewsWestern

IPA Brokers $100 Million Sale of Ventura County Asset

by Lynn Peisner

VENTURA, CALIF. — Raintree Properties has acquired Cypress Point, a 268-unit property in Ventura, for $100 million. County Center LP was the seller, and Institutional Property Advisors (IPA) arranged the sale. The transaction equates to $373,134 per unit. The property has been owned by the seller, who was the original developer, since 1990. Cypress Point is situated on 14 acres and includes 28 two-story buildings, a barbecue and picnic area, a fitness center, a clubhouse and covered parking. First-floor units feature nine-foot ceilings, and second-floor units have 12-foot vaulted ceilings. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNewsNorth CarolinaSoutheast

Northmarq Arranges $82 Million Deal in Charlotte

by Lynn Peisner

CHARLOTTE, N.C. — Trammell Crow Residential (TCR) has sold Alexan Mill District in Charlotte for $82 million. The Seminole Tribe of Florida Sovereign Wealth Fund’s Real Estate Fund (SemREF) was the buyer, marking SemREF’s third deal with TCR. Northmarq’s Charlotte Multifamily Investment Sales team, representing TCR, was led by Allan Lynch, Caylor Mark, Andrea Howard, John Currin, Jeff Glenn and Austin Jackson. Alexan Mill District was developed last year and includes 290 units and such amenities as a clubhouse, indoor-outdoor social space with a catering kitchen, a rooftop lounge, a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Richmond-Hill
DevelopmentGeorgiaNewsSoutheast

ECI Breaks Ground on $60 Million Mixed-Use Project Near Savannah

by Lynn Peisner

RICHMOND HILL, GA. — Atlanta-based ECI Group broke ground Aug. 20 on The Averly Richmond Hill, a mixed-use development that includes 291 multifamily units. The project is in Richmond Hill, about 20 miles southwest of Savannah, Georgia. ECI Construction is the general contractor, with construction financing provided by Synovus and CIBC. Ashley Smith and Tyler Mouchet of Colliers Savannah have been selected to market the 3.5 acres of retail pad sites, which are available for ground lease. Behind the commercial acreage, ECI is constructing the multifamily community, which consists of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Residences-Rocky-Point
DevelopmentFloridaNewsSoutheast

Joint Venture to Develop $187 Million Tampa High-Rise

by Lynn Peisner

TAMPA, FLA. — Costis-Lifsey Development and American Land Ventures will develop a 21-story, 252-unit tower on the site of Rusty Pelican, a restaurant and wedding venue that opened in 1978. The site is in Rocky Point, a neighborhood on an island in Tampa Bay. The project is being designed by the architecture firms Cube 3 and RSP Architects in tandem with the civil engineering firm Kimley-Horn. Construction is expected to begin in early 2027 and to be completed by mid-2028. The new development, currently called Residences at Rocky Point, will …

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