News

Wood Partners Sells Gilbert Apartments for $81.6M

Phoenix & Southwest + Apartment Buildings

Wood Partners sold the Alta Rise apartments in Gilbert to DWS Group for $81.6 million. DWS paid $293,525.18 per unit. The Phoenix Business Journal reports Wood developed the property, which was delivered in 2025. IPA’s Steve Gebing and Cliff David represented Wood Partners and procured the buyer for the transaction. Built on 9.44 acres at...

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Report: NYC Lags in Adding Higher-Wage Jobs, Housing Units

New York & Tri-State + Apartment Buildings

Although post-pandemic New York City employment exceeds pre-pandemic levels, the growth has been concentrated in lower-wage sectors, according to a report prepared for the Association for a Better New York (ABNY) and the New York City Employment and Training Commission. Sun Belt metro areas are outpacing the New York metro in adding higher-wage jobs. Titled...

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NexPoint Adding Two Apartment Communities Near Cityplace

Texas + Apartment Buildings

Nexpoint is building 469 apartments in two new five-story buildings along North Haskell Avenue near the 43-story Cityplace tower in Dallas. Branded The Apron, one building will have 263 apartments and more than 314,000 square feet, while the other will have 206 apartments across 235,000 square feet. The Dallas Business Journal reports the estimated cost...

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Stratus Starts Work on Phase II of Athens Student Housing Venture

Atlanta & Southeast + Student Housing

Stratus Development has broken ground on Phase II of Puritan Mill, which will offer 411 student housing beds near the University of Georgia campus in Athens. Puritan Mill I debuted in 2023. The community will feature townhomes in two-, three- and four-bedroom configurations. Shared amenities are set to include a dog park, nature trails, pickleball...

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BWE Arranges $133M for Luxury Skokie Apartments

Chicago & Midwest + Apartment Buildings

BWE announced the placement of a $133 million first mortgage loan to recapitalize The Henry at Harms Woods, a 294-unit multifamily property featuring approximately 8,000 square feet of ground-floor retail space in Skokie, Illinois, 12 miles north of Chicago. Executive Vice President Daniel Rosenberg in BWE’s Chicago and South Florida offices, and Assistant Vice President...

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East Bank Developer Inks $80M Construction Loan

Atlanta & Southeast + Apartment Buildings

Elmington Capital closed on construction loans in the amount of $80 million in order to build an affordable housing project near Nissan Stadium. The Nashville Business Journal reports it’s the first project to rise as part of Eastpoint Flats, a mixed-use development helmed by The Fallon Co. on the East Bank. HUMPHREYS is the project’s...

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Developer Duo Closes on $67.5M Financing for Coral Gables Condos

Florida & Gulf Coast + Apartment Buildings

Constellation Group and The Boschetti Group closed on a $67.5 million construction loan for Cora Merrick Park, a boutique residential condominium in Coral Gables. Located at 4241 Aurora Street, Cora will deliver 74 residences. Lender BHI provided the financing, which was arranged by a Berkadia Miami team led by Scott Wadler and Matt Nihan. Construction on...

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13th Floor Obtains $134M Construction Loan for Douglas Final Phase

Florida & Gulf Coast + Apartment Buildings

13th Floor Investments, in partnership with Barings, has secured a $134 million construction loan to finance the development of Crescendo, the fourth and final residential tower at Link at Douglas. The construction financing is led by Santander Bank in partnership with TD Bank and First Horizon Bank. Located at 3070 SW 37th Avenue, adjacent to Miami-Dade County’s Douglas...

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