RIPCO Real Estate announced it has successfully arranged a $28.3 million bridge loan for The Arbor College Park, a 134-unit multifamily community located at 4800 Berwyn House Road in College Park, Maryland. The financing represents a modified bridge upsizing with RMWC, the same lender that provided the property’s original $25.4 million bridge loan arranged by...
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111 Point, an office-to-apartment conversion, has surpassed the 65 percent leased milestone, with 100 of its 153 luxury apartment residences now leased since pre-leasing kicked off in April and the property first welcomed residents in May. Designed by Pappageorge Haymes Partners and developed by Path Construction and WindWave Real Estate, with Path also serving as...
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A joint venture between McNair, Mitsui Fudosan America and Hines placed an Uptown apartment development up for sale. The 22-story, 345-unit Maple Terrace Residences is being marketed by JLL. The Dallas Business Journal reports the property at 3003 Maple Ave. is part of a mixed-use property that includes 155,000 square feet of office space and...
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Avison Young’s 2026 Canadian Mid-Year Outlook indicates the commercial real estate market remains stable and confident, with most of the firm’s industry experts expecting activity to increase or remain steady through the second half of the year despite ongoing economic and geopolitical uncertainty. The survey of more than 200 Avison Young professionals, completed in June,...
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Walton Communities has sold off Walton Lakes, a 305-unit, market-rate multifamily community, and The Legacy at Walton Lakes, a 126-unit, 55+ LIHTC community, both in Atlanta. Clark Ventures was the buyer. The buyer was able to assume HUD financing for Walton Lakes. JLL represented the buyer on the affordable acquisition financing of Legacy. Completed in...
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Terra completed Phase One of Upland Park, a $1 billion transit-oriented community that will transform West Miami-Dade County’s Dolphin Park-and-Ride Transit Terminal Facility into a 47-acre mixed-use community with residential, retail, and commercial uses. The newly delivered first phase of the project comprises 578 multifamily residences, with leasing now underway and tenant move-ins in progress....
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Roselle Grande, a 119-unit garden-style apartment community located at 220-250 W. Sumner Ave. in Roselle Park, NJ, has changed hands for an undisclosed price, in a transaction arranged by SAGE Investment Real Estate Advisors. The firm’s brokerage team of partners and co-founders Steve Tragash and Greg Pine, alongside principal Eli Herskowitz and associate Katie Migner, exclusively represented the seller, Roselle Grande LLC, and procured the unnamed buyer. During the seller’s...
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Marcus & Millichap closed the sale of Redwood Meadows, a 101-unit senior multifamily property located at 1475 Baechtel Rd. in Willits. The property sold for $10.8 million, or $106,931 per unit. “Senior housing communities with stable occupancy and long-term growth potential continue to attract investor interest across Northern California,” said Isaak Heitzeberg, managing director investments. “Redwood Meadows offered a combination of consistent cash flow, the potential to...
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