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Signal House in Atlanta, Georgia
DevelopmentGeorgiaNewsSoutheast

Jamestown Begins Pre-Leasing for 162-Unit Signal House in Atlanta’s Ponce City Market

by Channing Hamilton

ATLANTA — Jamestown has begun pre-leasing for Signal House, a new 162-unit building in Atlanta’s Ponce City Market. Previously a Sears catalogue facility, Ponce City Market opened its doors in 2015 and currently houses 90 businesses. The project’s next phase will add 700,000 square feet of residential and retail space. Signal House rises 21 stories and will feature one-, two- and three-bedroom floor plans, as well as 3,300 square feet of retail space. Amenities include a pool with a terrace and lounge, a clubhouse with a dining room, a fitness …

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Appletree in Campbell, California
CaliforniaInvestment SalesNewsWestern

JLL Arranges $70 Million Sale of Silicon Valley Portfolio

by Channing Hamilton

CAMPBELL AND SANTA CLARA, CALIF. — JLL Capital Markets has arranged the sale of three garden-style communities in Silicon Valley. The properties sold for approximately $70 million. Ryan Wagner, Brandon Geraldo and Matt Kroger led the team that represented the private seller and procured three separate buyers. The portfolio includes: Appletree, a 72-unit community in Campbell; Vista Point, a 68-unit property in Santa Clara and Cedartree, a 50-unit asset that is also located in Santa Clara. All properties offer one- and two-bedroom floor plans.

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1887 Monrovia Ave. in Costa Mesa
CaliforniaInvestment SalesNewsWestern

CBRE Brokers $12.1 Million Sale of Two Communities in Orange County, California

by Channing Hamilton

COSTA MESA AND ANAHEIM, CALIF. — CBRE has arranged the sale of two communities totaling 38 units and $12.1 million in Orange County, California. The communities traded hands in a 1031 exchange. All parties involved in both transactions were private investors based in southern California. Dan Blackwell, Mike O’Neill and Andrew Boukather represented both the buyer and seller of 18 units at 1800 W. Glencrest Ave. in Anaheim for $4.8 million. The property was built in 1962 and comprises a pair of two-story buildings. The buildings recently underwent renovations including new flooring, appliances, updated …

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Highgate at Livingston in Livingston, N.J.
DevelopmentFinanceNew JerseyNewsNortheast

Continental Properties Secures $49.7 Million to Construct Highgate at Livingston in Livingston, New Jersey

by Channing Hamilton

LIVINGSTON, N.J. — Continental Properties has received a $49.7 million construction loan for the development of Highgate at Livingston, a 169-unit development in Livingston. Michael Gigliotti, Matthew Pizzolato, Michael Lachs and Benjamin Morgenthal of JLL Capital Markets arranged the financing through Truist Bank. Highgate at Livingston will rise four stories. Units will come in one-, two- and three-bedroom floor plans. Amenities include a clubhouse, private dining, a fitness center with a yoga studio, co-working lounge, pool, outdoor kitchen, bar, outdoor TV lounge and a dog run. A construction timeline for …

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22501 Hawthorne Blvd. in Torrance, California
Affordable HousingCaliforniaDevelopmentInvestment SalesNewsWestern

Intracorp Homes Acquires 3.8-Acre Redevelopment Site in Torrance, California for $21 Million

by Channing Hamilton

TORRRANCE, CALIF. — Intracorp Homes purchased 22501 Hawthorne Blvd., a 3.8-acre site in Torrance, from a locally based private investor for $21 million. John Read, Greg Sullivan and Trent Steeves of CBRE represented the seller. The property was historically a retail center anchored by a bowling alley called Gable House Bowl. Intracorp Homes plans to redevelop the site into a mixed-use project, which will include 17 affordable rental units as well as commercial space. Details on rent restrictions for the affordable units have not yet been disclosed.

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North Water Apartments in Chicago, Illinois
IllinoisInvestment SalesMidwestNews

Crescent Heights Buys North Water Apartments in Downtown Chicago for $173 Million

by Channing Hamilton

CHICAGO — Crescent Heights has acquired North Water Apartments, a 398-unit property in downtown Chicago’s Streeterville neighborhood. Invesco Real Estate sold the asset for $173 million, according to real estate data firm CoStar Group. North Water Apartments is the multifamily portion of a 50-story building located at 340 E. North Water St. Built in 2015, the community is situated above the Loews Chicago Hotel, which was not included in the sale, and offers studio, one-, two- and three-bedroom floor plans. John Jaeger and Justin Puppi of CBRE represented the seller. …

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Hollywood Nine in Hollywood, Florida
DevelopmentFloridaInvestment SalesNewsSoutheast

FundRebel to Acquire Nine Hollywood in Hollywood, Florida for $67 Million

by Channing Hamilton

HOLLYWOOD, FLA. — FundRebel LLC, a real estate investment platform based in New York City, has entered into contract to acquire Nine Hollywood for $67 million. Nine Hollywood is a 36,000-square-foot mixed-use development in the Miami, Florida suburb of Hollywood. The property includes 204 rental units in studio, one- and two-bedroom layouts, as well as three levels of integrated parking and 7,000 square feet of ground-floor retail space. Amenities include a pool, a fitness center and business suites. The asset is currently under construction and is set for completion in the …

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GroveParc Townhomes in Wesley Chapel, Florida
Build-to-RentDevelopmentFinanceFloridaNewsSoutheast

ResiBuilt Secures $38 Million in Construction Financing for BTR Community Near Tampa

by Channing Hamilton

WESLEY CHAPEL, FLA. — ResiBuilt has received $38 million in construction financing for GroveParc Townhomes, a 190-unit, build-to-rent development located in the Tampa, Florida suburb of Wesley Chapel. Max La Cava, Matthew Putterman and Drew Jennewein of JLL Capital Markets secured the loan through a regional bank. GroveParc Townhomes will offer three- and four-bedroom townhome units with garages and backyards. Amenities include gated access, a clubhouse, pool, fitness center, playground dog park, pickleball courts and a lakeside trail. The project is expected to be completed in January 2025.

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Linx Plaza Apartments in Mobile, Alabama
AlabamaFinanceNewsSoutheast

L2 Investments Secures $14.7 Million to Refinance Two Properties in Mobile, Alabama

by Channing Hamilton

MOBILE, ALA. — L2 Investments has acquired $14.7 million to refinance two properties in Mobile comprising a total of 334 units. Alex Jaffa and Michael Muller of Eastern Union brokered the transaction. The lender was Arbor Realty Trust. Eastern Union arranged a $9.2 million loan for the refinancing of Linx Plaza Apartments, which comprises 214 units across 16 buildings on a 109,000-square-foot site. Linx Plaza Apartments was constructed in 1976. Eastern Union also arranged $5.5 million to refinance Plantation Apartments, a 120-unit community that was built in 1977. Plantation Apartments …

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A 3D render of the redevelopment of Mazza Gallerie in Washington, D.C.
DevelopmentFinanceNewsNortheastWashington, D.C.

Tishman Speyer Secures $150 Million to Redevelop Mazza Gallerie Mall in Washington, D.C.

by Channing Hamilton

WASHINGTON, D.C. — Tishman Speyer has secured a $150 million construction loan for the redevelopment of Mazza Gallerie, a former shopping mall in Washington, D.C.’s Friendship Heights neighborhood. RBC Capital Markets provided the loan. Mazza Gallerie will be converted into a mixed-use community with 320 apartment units, over 800 parking spots and 90,000 square feet of retail space. The mall’s 70,000-square-foot retail concourse will be anchored by a T.J. Maxx. The project’s residential component and first retail openings are expected to complete in 2025. Davis Construction and Smoot Construction are …

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