The Housing Authority of Snohomish County (HASCO) recently broke ground on Leonard Crossing Apartments, a nearly $47 million plan for 124 apartments on Cedar Avenue. The 124-unit complex will sit on a four-acre parcel of land close to downtown, grocery stores and medical services.
The project will feature a mix of one, two, and three-bedroom units. “We are thrilled to celebrate our 55th anniversary by adding new homes to the Marysville community and are thankful to each of our partners that helped make this happen,” said Laurie Olson, CEO of HASCO.
The property will have onsite management, a clubhouse with lounge space and kitchen, an exercise room, a gameroom, and bike storage. The Inland Group is set to begin construction on the property this year, with leases starting by 2028. “We’re excited to continue the partnership with HASCO to bring much-needed affordable housing to Marysville in the most efficient and timely manner possible,” said the Inland Group’s Keith James.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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