Top Story

Luxor Lifestyle Apartments Lansdale in Lansdale, Pennsylvania.
DevelopmentNewsNortheastPennsylvania

Westrum Development Co. Opens $28 Million Luxor Lifestyle Apartments Lansdale in Lansdale, Pennsylvania

by Channing Hamilton

LANSDALE, PENN. — Westrum Development Co. has opened Luxor Lifestyle Apartments Lansdale, a $28 million community in Lansdale, 28 miles northwest of Philadelphia. Luxor Lifestyle Apartments Lansdale offers 211 units in studio, one- and two-bedroom floor plans. Amenities include a pool, fitness center, yoga studio, dog park and courtyard. Meyer provided design and architecture services for the project, which broke ground in March 2021. Mulhern & Kulp provided structural engineering. Berks Ridge Company Enterprises was the construction manager.

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D render of Lulah Hills in Decatur, Georgia.
DevelopmentGeorgiaNewsSoutheast

EDENS to Redevelop North Dekalb Mall into 73-Acre Mixed-Use Development Near Atlanta

by Channing Hamilton

DECATUR, GA. — EDENS has changed the name of North Dekalb Mall to Lulah Hills. The rebrand is part of the developer’s plan to redevelop the mall into a 73-acre mixed-use community in the eastern Atlanta suburb of Decatur. According to EDENS, the name Lulah Hills is based on landscape architect Frederick Olmstead’s original naming concept for the Druid Hills residential suburb. The North DeKalb Mall originally opened in 1965. EDENS acquired the property in 2021, and the DeKalb County Board of Commissioners approved the rezoning of the site in …

Continue Reading
0 FacebookTwitterLinkedinEmail
An aerial show of The Landing Apartments in Ontario, California.
CaliforniaInvestment SalesNewsWestern

The Mogharebi Group Brokers $50.5 Million Sale of The Landing Apartments in Ontario, California

by Channing Hamilton

ONTARIO, CALIF. — The Mogharebi Group has arranged the $50.5 million sale of The Landing Apartments, a 156-unit community in Ontario, 37 miles east of Los Angeles. Alex Mogharebi, Otto Ozen, and Bryan LaBar represented the seller, an Orange County-based family. The property sold to a Los Angeles-based investor at a sub 4.5 percent cap rate. The Landing Apartments offers one- and two-bedroom floor plans, as well as amenities such as in-unit washers and dryers, a pool with a spa, a tennis court, carport parking and a community lake.

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D render of The Kingsman, a contemporary-style building in Charlotte.
DevelopmentNewsNorth CarolinaSoutheast

RangeWater to Develop The Kingsman in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C. — RangeWater Real Estate has closed on 3.8 acres to develop The Kingsman, a 350-unit community in Charlotte’s Lower South End neighborhood. The property will offer studio, one-, two- and three-bedroom floor plans ranging from 543 to 1,519 square feet. Community amenities will include a dog park with a spa, pool, clubroom, co-working space, a grilling area, a fitness center and a sky lounge. RangeWater will break ground on The Kingsman in May, with move-ins set to begin in April 2025.

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D render of Versa, a multifamily building in Indianapolis.
DevelopmentIndianaMidwestNews

Joint Venture Breaks Ground on $70 Million Versa in Indianapolis

by Channing Hamilton

INDIANAPOLIS — Local developers Milhaus, Gershman Partners and Citimark have broken ground on Versa, a $70 million mixed-use community in Indianapolis’ Broad Ripple Village. Lake City Bank provided financing for the project. The developers are working with DKGr for architecture and interior design and Civil & Environmental Consultants for civil engineering on the project. Versa will offer 233 studio, one- and two-bedroom units, as well as 245 parking spaces and amenities such as a pool, dog park with a pet spa, lounge, clubhouse, game room, fitness center, conference rooms and coworking space. The property …

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D render of Callia, a contemporary style apartment complex in Phoenix.
ArizonaDevelopmentNewsWestern

Toll Brothers, The Davis Cos. Open Callia in Phoenix

by Channing Hamilton

PHOENIX — A joint venture between Toll Brothers Apartment Living and The Davis Cos. has opened Callia, a 403-unit community in Phoenix’s midtown neighborhood. The project broke ground in 2021, with resident occupancy beginning in October 2022. Development was financed through a construction loan facility from Pinnacle Financial Partners and Trustmark. Callia is situated on an 8.2-acre site. The community was designed by Phoenix-based architect Biltform and interior designer Streetsense. Callia offers studio, one-, two- and three-bedroom apartments, as well as nine live-work units. Community features include surface parking and …

Continue Reading
0 FacebookTwitterLinkedinEmail
The pool at Villa Annette
CaliforniaDevelopmentFinanceNewsWestern

Dwight Mortgage Trust Provides $36.3 Million Bridge Loan for New Inland Empire Development

by Lynn Peisner

MORENO VALLEY, CALIF. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $36.3 million bridge loan to refinance Villa Annette Apartments in Moreno Valley, a city in the Inland Empire region of California, about 64 miles east of Los Angeles. Latco Enterprises owns the 220-unit property that is newly built and currently in lease-up. Proceeds from the bridge loan will be used to pay off existing construction debt. Villa Annette sits on 11 acres and comprises 14 two- and three-story buildings that offer a mix of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Gindi Capital and Avery Hall's Brooklyn development
DevelopmentNew YorkNewsNortheast

Gindi Capital, Avery Hall Lock in $110 Million in Construction Financing For 193-Unit Development in Brooklyn

by Lynn Peisner

BROOKLYN, N.Y. — Gindi Capital and Avery Hall have secured $110 million in construction financing for the development of a 13-story, 193-unit building at the intersection of Gowanus and Park Slope in Brooklyn. The team broke ground on the project in 2022 and is set to complete construction in 2024. JLL arranged the loan, and Affinius Capital provided the funds. Located on a city block on 4th Avenue between Union and Sackett streets in Brooklyn, the mixed-income project will deliver 193 apartments. Amenities include a rooftop lounge and pool, coworking …

Continue Reading
0 FacebookTwitterLinkedinEmail
Cantabria Bradenton community
DevelopmentFloridaInvestment SalesNewsSoutheast

Wolfson Sells Florida BTR Development for $59 Million

by Lynn Peisner

BRADENTON, FLA. — Wolfson BTR, an affiliate of Wolfson Development Co., has sold Cantabria in Bradenton to an institutional buyer for $59 million. According to the Florida Division of Corporations, the buyer is Star Lake Fund III, an affiliate of JP Morgan Investment Management. Wolfson built Cantabria Bradenton in conjunction with publicly traded home builder Lennar. The property sits on 36 acres and consists of 184 units, including 172 attached townhomes and 12 detached single-family homes. The three- and four-bedroom single-family and townhouse units are equipped with attached garages and …

Continue Reading
0 FacebookTwitterLinkedinEmail
A 3D render of the Italic, a contemporary style high-rise building.
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

American Lions Secures $350 Million to Build The Italic In New York City

by Channing Hamilton

NEW YORK CITY — American Lions, a joint venture between Fetner Properties and the Lions Group, has secured a $350 million debt and equity capitalization to develop The Italic. JLL represented the borrower to secure the loan. JLL also arranged the joint venture equity. Christopher Peck and Alex Staikos led JLL’s Capital Markets Debt Advisory team. Rob Hinckley, Steven Rutman and Nicco Lupo led JLL’s Capital Markets Equity Advisory team. The Italic will be a 363-unit mixed-use community in New York City’s Long Island City neighborhood. The project comprises 283,000 …

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