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Rockefeller Group, Atlas Capital Partner Acquire UWS Site from Church

New York & Tri-State + Apartment Buildings

Rockefeller Group and Atlas Capital Group said Friday they have entered into a $96-million agreement with the Roman Catholic Church of Holy Name of Jesus and Saint Gregory the Great to acquire property at 200 W. 97th St. for the development of a mixed-income rental building on Manhattan’s Upper West Side. The as-of-right residential development will...

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Berkadia Secures JV Equity for Final Phase of Fremont Rentals

California & West + Apartment Buildings

Berkadia secured a joint venture equity partner on behalf of an institutional client for the development of the 336-unit Aurum, the final phase of a 966-unit multifamily development adjacent to the Warm Springs BART Station in Fremont. Senior managing director Brett Betzler and senior director Kaohu Berg-Hee of Berkadia’s Irvine and San Francisco offices brokered...

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Alexandria Real Estate Receives Approval for 116-Unit Bellevue Project

Seattle & Northwest + Apartment Buildings

Alexandria Real Estate Equities has received a conditional environmental approval from the city of Bellevue for the development of a seven-story residential building west of the Spring District. The 116-unit project at 1299 120th Ave. NE is part of Alexandria’s planned Center for Science and Technology campus, reported the Puget Sound Business Journal. The project would...

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Tax-Exempt Bond Finances First Phase of Worcester Redevelopment

Boston & New England + Apartment Buildings

MassDevelopment has issued a $38-million tax-exempt bond on behalf of Lakeside Phase 1 Four LLC, an affiliate of Tremont Development Partners and E3 Development, to finance the first phase of the redevelopment of the Worcester Housing Authority’s Lakeside Apartments community, located at 19 Garland St. and 34-46 Lakeside Ave in Worcester. The existing buildings, which...

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JPI Breaks Ground on Redevelopment of Former City Place Long Beach

California & West + Apartment Buildings

JPI has broken ground on Portico, a 272-unit, mixed-use development in Long Beach. The company recently hosted a groundbreaking ceremony to celebrate the $150-million project, the first phase of a 900-unit master plan to redevelop the Mosaic shopping center, formerly known as City Place Long Beach. “It’s exciting to see this vibrant mixed-use project take...

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American Landmark Apartments Acquires 212-Unit Multifamily in Richmond

Washington DC + Apartment Buildings

American Landmark Apartments has acquired Boulders Lakeview, a newly constructed, 212-unit apartment community located in North Chesterfield, Virginia, within the Richmond MSA. Built in 2023, the property is American Landmark’s third property in the Virginia market and further expands the firm’s growing presence in the Mid-Atlantic region. “Boulders Lakeview represents an exceptional opportunity to acquire...

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One High Line Scores $525M Refi from Ares, JPMorgan

New York & Tri-State + Apartment Buildings

Witkoff and Access Real Estate have closed on a $525-million refinancing for One High Line, the mixed-use development occupying a full city block in Manhattan’s West Chelsea neighborhood. The refinancing was provided by Ares Management Corp. and JPMorgan Chase & Co. “As one of the most successful residential projects in New York, One High Line...

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Numerous Partners Team Up to Build Unique Denver Apartment Community

Phoenix & Southwest + Apartment Buildings

Evergreen Real Estate Group and Globeville Redevelopment Partners started construction on 4965 Washington Street, a five-story, 170-unit mixed-use community in Denver’s Globeville neighborhood. Other partners included the City and County of Denver, Rocky Mountain Communities, GES Coalition, Milender White, Gilmore Construction, EJ Architecture and John Ronan Architects. The Denver Housing Authority came up with $85 million in revenue bonds. The...

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