News

Stetson’s Law School, Bromley Partnering on Tampa Mixed-Use Venture

Florida & Gulf Coast + Apartment Buildings

Stetson University plans to modernize the Stetson University College of Law’s Tampa Law Center and create a mixed-use space in a currently underutilized area with the help of Bromley Companies. Bromley hopes to maintain Stetson Law’s presence but add hotel rooms, apartments, restaurants and more. On the 6.5-acre site, Bromley envisions 664 multifamily units, 440,000 square feet of office space, 37,450 square feet...

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Apartment Developer Pursuing Phillips Place for Multifamily Community

Atlanta & Southeast + Apartment Buildings

Mid-America Apartment Communities is seeking a zoning change to build a 275-unit apartment complex and 15,000 square feet of commercial space at Phillips Place in SouthPark. The Charlotte Business Journal reports the apartment community would be built where the former Regal Cinemas used to stand. The movie theater was demolished in 2022. Phillips Place, a...

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S2 Capital Offloads 229-Unit Plano Rental Community

Texas + Apartment Buildings

Newmark arranged the sale and financing of Hathaway at Willow Bend, a 229-unit multifamily community located at 2525 Preston Road in Plano, Texas. Newmark’s Richard Furr, Brian O’Boyle, Jr., Brian Murphy and Jack Forman represented the seller, S2 Capital Acquisitions, in the transaction. Brian Kochan and Michael Caglianone arranged acquisition financing on behalf of the...

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NYC Multifamily Sales Reflect “Two Very Different Markets” in Q2

New York & Tri-State + Apartment Buildings

New York City multifamily sales totaled $2.46 billion across 298 transactions in the second quarter of 2026, representing a 25% year-over-year increase in dollar volume but 4% decline in transaction volume compared to Q2 2025, Ariel Property Advisors reported. The number of properties traded was down 11% Y-O-Y to 367. “What we are seeing in...

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Dallas Developer Duo Opens 168-Unit Mixed-Income Community

Texas + Apartment Buildings

Bonner Carrington and Sycamore Development opened Cypress Creek Montfort Drive, a mixed-income community of 168 apartment homes in North Dallas. Located at 14119 Montfort Drive, Cypress Creek Montfort Drive features 116 apartment homes that are income-restricted for residents earning between 30% and 80% of the area median income (AMI), with 52 apartment homes offered at market...

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Mixed-Use Strategies Can Change Sport Venue Economies

Apartment Buildings

Sport venues were once designed for one thing: Entertainment. However, JLL reported that at least half of Major League Baseball organizations will be eyeing a new stadium or major redevelopment by 2040. At the same time, investors and developers are repositioning sporting venues from single-purpose game-day usage into year-round, mixed-use districts that combine residential, office,...

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Beachwold Closes on $176.6M Financing for 1,395-Bed UCF Student Housing Venture

Florida & Gulf Coast + Student Housing

Beachwold Residential obtained a $176.6 million construction loan to finance the development of Place at Alafaya Phase I & II. The to-be-built, four-building, four-story, Class A, 484-unit, 1,395-bed student housing property will be located at the University of Central Florida (UCF) in Orlando, Florida. Affinius Capital originated the loan. The financing was arranged by Mona...

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Blackburn Communities Lands $46.5M Refi on Leander Rental Asset

Texas + Apartment Buildings

Blackburn Communities closed on a $46.5 million refinancing of the River Junction apartments in Leander. The project, completed in 2024, has 329 units. Bridge Investment Group provided the loan. The Walker & Dunlop Capital Markets Real Estate Finance team, led by Patrick Short and Clay Colvill, arranged the floating-rate, interest-only bridge loan. Besides the 329 units, the garden-style multifamily community includes...

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