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Beaumont Apartments in Woodinville, Washington

JLL Capital Markets Brokers $136 Million Sale of Beaumont Apartments in Seattle Suburb

by Channing Hamilton December 4, 2024

WOODINVILLE, WASH. — JLL Capital Markets has negotiated the $136 million sale of Beaumont Apartments, a 344-unit community located at 14001 NE 183rd St. in Woodinville, 20 miles northeast of Seattle. David Young, Corey Marx and Chris Ross of JLL represented the undisclosed seller in the deal. The identity of the buyer was also not disclosed. Built in 2009, Beaumont Apartments consists of three buildings on a 14.3-acre site. The property offers studio, one- and two-bedroom units with an average size of 856 square feet. Residents have access to amenities …

December 4, 2024

Florida Investment Sales News Southeast

Continental Realty Corp. Acquires Henley Tampa Palms in Tampa, Florida, for $82 Million

by Channing Hamilton December 3, 2024

TAMPA, FLA. — Baltimore-based Continental Realty Corp. (CRC) has acquired Henley Tampa Palms, a 315-unit community located at 15350 Amberly Drive in Tampa. 29th Street Capital sold the property to CRC for $82 million. Berkadia represented the seller in the deal. CRC purchased Henley Tampa Palms on behalf of one of its sponsored private equity funds called Value-Add Multifamily I LP. Built in 1997, Henley Tampa Palms offers a mix of one-, two- and three-bedroom apartments averaging 1,375 square feet in size. Amenities include a clubhouse, fitness center with indoor …

December 3, 2024

Finance News Texas

Atlantic Pacific Cos. Secures $112.4 Million Refinancing for Three Properties in Metro Dallas

by Channing Hamilton December 2, 2024

DALLAS-FORT WORTH — An affiliate of Miami-based investment firm Atlantic Pacific Cos. has received Freddie Mac agency loans totaling $112.4 million for the refinancing of three communities in the Dallas-Fort Worth metropolitan area. The financing consists of a $40 million loan for Atlantic Stonebriar, a 294-unit asset located in The Colony, about 30 miles north of Dallas; $42.3 million in debt for Atlantic McKinney, a 343-unit community in McKinney, which is also roughly 30 miles north of Dallas; and a $30.2 million loan for Atlantic Station, a 324-unit development in …

December 2, 2024

Lakeshore Mall redevelopment in Gainesville, Georgia

Development Georgia News Southeast

Branch Properties Plans Mixed-Use Redevelopment of Lakeshore Mall in Gainesville, Georgia

by Channing Hamilton November 27, 2024

GAINESVILLE, GA. — Branch Properties has planned a redevelopment of Lakeshore Mall, a 492,798-square-foot retail property in Gainesville, about 55 miles northeast of Atlanta. Plans for the redevelopment include 652 apartments, as well as 305,444 square feet of retail space and 38,200 square feet of community green spaces. The mixed-use property will also have the capacity for the future development of a hotel and townhomes. Branch Properties, which acquired the property in 2022, will initiate the development of the regional impact process with the Georgia Department of Community Affairs imminently. Gainesville …

November 27, 2024

Investment Sales News Oregon Washington Western

Kennedy Wilson Acquires Two Communities in the Pacific Northwest for $110 Million

by Channing Hamilton November 26, 2024

SEATTLE AND PORTLAND, ORE. — A real estate fund managed by Kennedy Wilson has acquired Axel and Denizen, two properties located in the Pacific Northwest, for a total of $110 million. The seller was not disclosed. Built in Seattle in 2018, Axle offers 226 units, including eight townhomes. Units come in one- and two-bedroom floor plans. Amenities include a resident lounge, sky lounge and outdoor deck, coworking spaces, a fitness center, pet run and game room. Denizen was built in 2020 in Portland. The community features 212 studio, one- and …

November 26, 2024

Development Midwest Missouri News

BR Cos. to Develop $250 Million High-Rise Community in Downtown Kansas City, Missouri

by Channing Hamilton November 25, 2024

KANSAS CITY, MO. — BR Cos. plans to develop 800 Grand, a $250 million high-rise community located at the southwest corner of Eighth Street and Grand Boulevard in downtown Kansas City. The 25-story building will consist of 300 apartment units, as well as 24,000 square feet of retail and restaurant space. BR Cos. has partnered with local real estate agency Aristocrat Realty on the project. Hoefer Welker designed the community. Clark Construction and JE Dunn are serving as the general contractors. A construction timeline for 800 Grand was not disclosed. …

November 25, 2024

Investment Sales News Washington Western

Goodman Real Estate Sells Three Communities in Tacoma, Washington for $102.6 Million

by Channing Hamilton November 22, 2024

TACOMA, WASH. — Goodman Real Estate has completed the disposition of three properties totaling 557 units in Tacoma’s Parkland neighborhood. American Capital Group purchased the assets for $102.6 million. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. The properties included in the sale were:

November 22, 2024

Development Finance Florida News Southeast

Clearline Real Estate Receives $94.5 Million in Construction Financing for 24-Story Tower in Miami

by Channing Hamilton November 21, 2024

MIAMI — Clearline Real Estate, an investment and development firm with offices in New York City and Miami, has obtained $94.5 million in financing for the construction of Excel Miami. Clearline is developing the 24-story high-rise community at 1550 N.E. Miami Place in Miami’s Arts & Entertainment District. Centennial Bank provided a $68.5 million senior construction loan for the development. Jay Brito of Centennial Bank facilitated the financing. Additionally, Southern Realty Trust Inc. originated a $26 million mezzanine loan. Excel Miami will offer 427 apartments in studio, one- and two-bedroom …

November 21, 2024

Development Illinois Midwest News

High Street Residential Completes 34-Story Residential Tower in Chicago

by Channing Hamilton November 20, 2024

CHICAGO — High Street Residential, the residential subsidiary of Trammell Crow Co., has completed Flora, a 34-story high-rise project located in Chicago’s Fulton Market district. The community offers 368 apartments in a mix of studio, one-, two- and three-bedroom layouts, alongside penthouse units with condominium-like finishes. Residents at Flora have access to interior amenities such as a clubroom, golf and game simulator room, fitness center and yoga studio, dining area with chef’s kitchen, coworking spaces and a sound recording booth. The community also features an outdoor amenity deck on the second …

November 20, 2024

Soleste NoMi Beach in North Miami Beach, Florida

Finance Florida News Southeast

The Estate Cos. Secures $110 Million Refinancing for Soleste NoMi Beach in Miami Suburb

by Channing Hamilton November 19, 2024

NORTH MIAMI BEACH, FLA. — Miami-based developer The Estate Cos. has received a $110 million loan for the refinancing of Soleste NoMi Beach, a 367-unit community in North Miami Beach, roughly 17 miles north of Miami. Brian Gaswirth, Paul Adams and Val McWilliams of JLL Capital Markets arranged the floating-rate loan through Ares Management Corp. Located at 16395 Biscayne Blvd., Soleste NoMi Beach rises 22 stories. The building houses a mix of one-, two- and three-bedroom apartment units with an average size of 914 square feet. Residents have access to amenities such as a …

November 19, 2024

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