Top Story

RB3 in West New York, New Jersey
DevelopmentFinanceNew JerseyNewsNortheast

JLL Arranges $150 Million Construction Loan for 426-Unit Development Near Manhattan

by Channing Hamilton

WEST NEW YORK, N.J. — JLL has arranged a $150 million loan to facilitate the construction of RB3, a 426-unit development to be located across the Hudson River from Manhattan in West New York. Jon Mikula, Jim Cadranell, Steven Klein and Ryan Carroll of JLL arranged the five-year, fixed-rate loan through Northwestern Mutual. The borrower was Canoe Brook Development. RB3 will rise 11 stories within the 200-acre Port Imperial master-planned development. The waterfront property will offer studio, one- and two-bedroom units. Planned amenities include a pool, fitness center, clubhouse, private …

Continue Reading
0 FacebookTwitterLinkedinEmail
An apartment community in Glen Mills, Pennsylvania
GeorgiaInvestment SalesMidwestMissouriNewsNorth CarolinaNortheastPennsylvaniaSoutheast

Equus Capital Partners Acquires Six-Property, Multi-State Portfolio for $220 Million

by Channing Hamilton

PHILADELPHIA, ATLANTA, RALEIGH AND ST. LOUIS — Equus Capital Partners (Equus) has acquired Project Big Timber, a portfolio that totals 1,249 units across six garden-style communities in the Atlanta, Philadelphia, Raleigh and St. Louis metropolitan areas. Equus purchased the portfolio for $220 million. Newmark’s Debt Capital Markets team of Steve Comly and Kippy Donovan assisted Equus in securing a ten-year fixed rate loan from Fannie Mae for the acquisition. The communities included in Project Big Timber have an average vintage of 1984 and an average unit size of 989 square-feet. …

Continue Reading
0 FacebookTwitterLinkedinEmail
2125 N Davidson in Charlotte, North Carolina
DevelopmentFinanceNewsNorth CarolinaSoutheast

JLL Arranges $132.9 Million in Financing for 389-Unit Development in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C — JLL has arranged a total of $132.9 million in construction financing for a 389-unit project located at 2125 N Davidson in Charlotte’s Mill District. Cory Fowler, Warren Johnson, Ryan Pride and Naoki Hasegawa of JLL brokered a $34.5 million equity placement with two institutional investors based in Japan on behalf of the developer, Space Craft. JLL also arranged a $98.4 million construction loan through an undisclosed direct lender.  2125 N Davidson will offer studio, one-, two- and three-bedroom units with an average size of 762 square feet. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bacara in Wildomar, California
Company NewsDevelopmentLeasing & MarketingNew YorkNewsNortheastOperations

Blackstone to Acquire Tricon Residential for $3.5 Billion, Plans to Take Company Private

by Channing Hamilton

NEW YORK CITY AND TORONTO — Affiliates of Blackstone (NYSE: BX) have entered into an agreement to acquire Canadian owner-operator Tricon Residential (NYSE: TCN) for $3.5 billion. The deal is expected to close in the second quarter and will take Tricon Residential private. Blackstone will acquire all outstanding shares of Tricon’s common stock for $11.25 per share in cash. The per-share price represents a 30 percent premium over Tricon’s closing stock price on Thursday, Jan. 18 and a 42 percent premium over the weighted average share prices of the last 90 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cass Square in Tampa, Florida
DevelopmentFloridaNewsSoutheast

LD&D Plans $200 Million Cass Square Mixed-Use Project in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — LD&D, an investment, development and design firm headquartered in Miami, has unveiled plans for its $200 million Cass Square mixed-use project in downtown Tampa. LD&D plans to break ground on Phase I of the project, a residential tower, this summer. The 28-story building will be called DoMo at Cass Square. DoMo at Cass Square will offer 360 units, as well as more than 45,000 square feet of amenities, a 586-space parking podium and 32,500 square feet of ground-floor retail. Planned amenities include a wellness area, 10,000 square …

Continue Reading
0 FacebookTwitterLinkedinEmail
Upper Post Flats in St. Paul, Minnesota
Affordable HousingDevelopmentMidwestMinnesotaNews

Dominium Completes $160 Million Affordable Housing Redevelopment in St. Paul, Minnesota

by Channing Hamilton

ST. PAUL, MINN. — Dominium has completed the final phase of Upper Post Flats, an affordable housing project that repurposed buildings at the historic Fort Snelling site in St. Paul. The complex was developed as part of a public-private partnership that included the site’s owner, the Minnesota Department of Natural Resources, the National Park Service, Hennepin County, Minneapolis Park and Recreation Board and the Minnesota Historical Society, which operated the historic fort. Minneapolis-based BKV Group served as the architect. The site comprised 26 buildings across 42 acres, including barracks, an …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sola Westchase in Houston
Investment SalesNewsTexas

Eastham Capital, Mosaic Residential Acquire 318-Unit Sola Westchase in Houston

by Channing Hamilton

HOUSTON — Eastham Capital and Mosaic Residential have partnered to acquire Sola Westchase, a 318-unit community in Houston’s Westchase neighborhood. Eastham Capital has invested in the deal through its current fund, Eastham Capital Fund VI. Mosaic will oversee management services for the property. The acquisition price was not disclosed.  Sola Westchase was built in 1999 and is situated at 3354 Rogerdale Road. The property offers one-, two- and three-bedroom units that range from 626 square feet to 1,436 square feet in size. The average rent at the community is $1,400/month. …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Pointe at Hills Farm in Shrewsbury, Massachusetts
Affordable HousingDevelopmentFinanceMassachusettsNewsNortheast

MassHousing Provides $21 Million for Mixed-Income Community in Shrewsbury, Massachusetts

by Channing Hamilton

SHREWSBURY, MASS. — MassHousing has provided $21 million in financing for The Pointe at Hills Farm, a 93-unit mixed-income community in Shrewsbury. The financing consists of a $10.3 million permanent loan, $7.9 million in tax credit equity and $2.8 million from the agency’s workforce housing initiative. WinnCos. is the borrower and developer. The Pointe at Hills Farm will comprise two three-story buildings. Of the total unit count, 56 will be reserved for households earning 30 to 60 percent of the area median income, and 21 units will be designated as …

Continue Reading
0 FacebookTwitterLinkedinEmail
Haven on Long Grove in Naperville Township, Illinois
IllinoisInvestment SalesMidwestNews

Standard Real Estate Investments, The Vistria Group Acquire Haven on Long Grove in Chicago Suburb for $94 Million

by Channing Hamilton

NAPERVILLE TOWNSHIP, ILL. — Standard Real Estate Investments and The Vistria Group have purchased Haven on Long Grove, a 416-unit naturally occurring affordable housing community in the Chicago suburb of Naperville Township. The buyers acquired the property from Pensam Capital for $94 million. The acquisition includes the assumption of an existing, fixed-rate Fannie Mae mortgage serviced by M&T Bank. John Jaeger of CBRE brokered the off-market transaction. Situated on 34 acres, Haven on Long Grove comprises 248 apartment-units and 168 townhomes. Apartment units come in one- and two-bedroom floor plans. Units …

Continue Reading
0 FacebookTwitterLinkedinEmail
365 Bond Street in New York City
FinanceNew YorkNewsNortheast

Lightstone Secures $165.5 Million Agency Loan to Refinance 430-Unit Community in Brooklyn

by Channing Hamilton

NEW YORK CITY — Lightstone has received a $165.5 million Freddie Mac loan for the refinancing of a property at 365 Bond Street in Brooklyn’s Gowanus neighborhood. Peter Rotchford, Michael Shmuely, Nicco Lupo, Jeffrey Julien, Rob Hinckley, Steven Rutman, Jonathan Hageman and Hall Oster of JLL originated the five-year, fixed-rate loan. The community was built in 2016 and offers 430 apartment units, as well as 40,000 square feet of amenity space and 30,000 square feet of open green space. Units come in studio, one- and two-bedroom floor plans.

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