Cushman & Wakefield has been selected by Mattamy Homes to market the multifamily development component in Downtown Newfield and the broader master-planned community’s Workplace District, which includes retail, flex and warehouse space, in Newfield, Mattamy’s master-planned community in Palm City, Florida.
The marketing assignment is being led by Nikolaus Schroth and James McKinney of Cushman & Wakefield’s Stuart, Florida, office.
Newfield is a 3,400-acre “agrihood” master-planned community. The community is planned for approximately 4,200 residences, more than 100,000 square feet of retail and dining space and a growing employment base anchored by a planned 2 million-square-foot Workplace District.
As for Newfield’s multifamily component, the three opportunities available to one or multiple development partners include 414 planned residential units within a walkable town center environment designed to integrate housing, shopping, dining, recreation and employment uses.
Adam America Real Estate and JW Capital Management announced the $180 million refinancing of Terrazul, a student housing community adjacent to Florida International University (FIU) at 700 SW 107th Ave. in Sweetwater, Florida. The loan, provided by Corebridge Institutional Investment, will be used to pay off the property’s existing construction loan and provide cash-out proceeds to...
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Alchemy Ventures announced the sale of 310 W. 80th St., a 36-unit residential elevator building on Manhattan’s Upper West Side, to Japan-based Phoenix Co. Ltd. for $24.8 million. Alchemy originally acquired the property in February 2024 for $11.2 million, with the sale representing a significant increase from the company’s acquisition price after a gut renovation. Ian...
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Walker & Dunlop arranged an $86,443,000 Freddie Mac refinancing of a 506-unit multifamily portfolio in the Flushing neighborhood of Queens. The loan was originated on behalf of Iris Holdings Group, a national affordable housing preservation and investment firm, and refinances the portfolio’s existing debt while supporting its long-term affordability. The Flushing Preservation Portfolio is comprised...
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