News

Neighborhood Ventures Acquires Biltmore Rental Asset

Phoenix & Southwest + Apartment Buildings

Neighborhood Ventures (NV) acquired Venture on 16th, an 86-unit multifamily community located in the Biltmore District of Uptown Phoenix. The property was acquired for $19.5 million in a short sale transaction, representing a purchase price approximately 30% below the prior owner’s basis. The acquisition provides immediate monthly cash flow for investors with additional rent upside as market...

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M3 Picks Up 192 Nashville-Area Apartment Units

Atlanta & Southeast + Apartment Buildings

A Williamson County apartment complex sold for $52.6 million. M3 Multifamily bought the Newport Station apartment development in Thompson’s Station. The seller was John Maher Builders. A division of Marcus & Millichap represented the seller in the deal. Located at 1635 Bryson Cove, Newport Station opened in 2024. The complex sits on 13 acres and offers...

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Fisher Brothers Obtains $117.5M Refi for Wynwood Apartments

Florida & Gulf Coast + Apartment Buildings

Fisher Brothers secured a $117.5 million refinancing from Bain Capital for Joule House, a Wynwood residential community.  Rising eight stories at 2200 NW 1st Avenue, Joule House offers a mix of studio, one-, and two-bedroom layouts, along with select two- and three-bedroom penthouses ranging from 985 to 1,400 square feet. Spanning 23,000 square feet, the...

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Champaign Workforce Housing Development Launches Lease Up

Chicago & Midwest + Apartment Buildings

Royse + Brinkmeyer announced the start of lease-up for The Pilot, a new mixed-income residential community that will deliver 151 modern apartments, townhomes, and lofts to Champaign’s historic In-Town Neighborhood. Supported by a unique blended financing structure from PNC Bank, The Pilot includes five planned properties designed to expand workforce housing options in the city....

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Brampton Slated to Receive 13 Towers Near GO Station

Canada + Apartment Buildings

A 13-tower mixed-use development rising as high as 44 storeys has been proposed near a future GO Transit station in Brampton, Ont. Plans submitted by Cortel Group, operating as MCN Heritage, call for a large-scale, transit-oriented community in the city’s northwest, roughly 500 metres from the planned Heritage Heights GO Station on the Kitchener Line,...

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BHI Lends on Recapitalization of Midtown East Tower Ahead of Resi Conversion

New York & Tri-State + Apartment Buildings

BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, has provided Quantum Pacific Realty and partner Metro Loft with $88 million to finance the recapitalization of 845 Third Ave., a 21-story, 350,000-square-foot office building located in Midtown East, ahead of plans to convert the property into a 529-unit residential rental property....

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Trumark Homes Enters Pacific Northwest Market, Acquires JK Monarch 

Seattle & Northwest + Apartment Buildings

Trumark Homes, a Western U.S. homebuilder, announced that it is expanding into the Pacific Northwest with the acquisition of Washington-based homebuilder JK Monarch. “We have targeted expansion into the Pacific Northwest for years, and with this acquisition of JK Monarch, we can capitalize on the strength of this market,” said Gregg Nelson, co-founder and Co-Chief...

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Levin Johnston Team Closes 1031 Sale of San Jose Multifamily

California & West + Apartment Buildings

Levin Johnston, the #1 multifamily team nationally within Marcus & Millichap, represented the seller and procured the buyer in the investment sale of Park Plaza, a multifamily property located in San Jose. Executive managing directors Adam Levin and Robert Johnston arranged the transaction. The buyer, a local family partnership, acquired the property as part of a...

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