News

Madison Realty Capital Launches Leasing for Second Phase of Greenpoint Project

New York & Tri-State + Apartment Buildings

Madison Realty Capital and MNS Real Estate have launched the second phase of leasing for Greenpoint Central, located at 65 Dupont St. in Brooklyn’s Greenpoint neighborhood. This marks the completion of the Greenpoint Central redevelopment, an eight-story, two-complex residential project delivering 473 total rental units to the neighborhood, 30% of which are affordably priced. “The launch of leasing at 65 Dupont represents...

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POAH Launches Adaptive Reuse of Church Rectory and School

Boston & New England + Apartment Buildings

Nauset Construction and affordable housing nonprofit developer Preservation of Affordable Housing (POAH) recently broke ground for The Rose on Sixth Street. The project will convert the historic Sacred Heart church rectory and school at 49 Sixth St. in East Cambridge into 46 affordable apartment units, which will remain affordable in perpetuity. “POAH looks forward to...

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EYA Finalizes Land Deal for Townhomes in National Landing

Washington DC + Apartment Buildings

EYA LLC has closed on the land for Highlands Row, a new townhome community located in the heart of National Landing. Highlands Row marks the next phase of a transformative, mixed-income expansion of the Crystal House Apartments complex. The project is a public-private partnership among Arlington County, Amazon’s Housing Equity Fund, EYA, True Ground Housing...

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FPA Acquires Malden Apartments from EQR for $97M

Boston & New England + Apartment Buildings

A CBRE team led by Simon Butler, Biria St. John, John McLaughlin and Brian Bowler closed the sale of The Gateway at Malden Center, a 203-unit, 100% market rate apartment community in Malden, MA, for $97 million. CBRE represented the seller, an affiliate of Equity Residential, and procured the buyer, an affiliate of FPA Multifamily,...

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Dania Beach Developer Transforming Office Property

Florida & Gulf Coast + Apartment Buildings

A New York developer proposes to knock down a 65,000-square-foot office building in Dania Beach and replace it with a hotel, residential and commercial space. The South Florida Business Journal reports Ralph Braha bought the office property in 2006 for $7.9 million and has waited until now to submit the plans for the mixed-use project....

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Investor Trio Spends $50M on Aurora Mixed-Use Development

Phoenix & Southwest + Apartment Buildings

A group of three investors, Two Arrows Group, Halo and OlivePoint Capitals, spent $50 million on three retail buildings and a 216-unit apartment complex. The Denver Business Journal added that the sale of Parkside @ City Center included the three retail buildings at 14505, 14515 and 14535 E. Alameda Ave., totaling 24,985 square feet. It...

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Dallas Adding Nearly 29,000 New Apartment Units in 2025

Texas + Apartment Buildings

The Dallas metro area ranks 2nd nationwide for new apartment construction in 2025.  More than half a million new apartments are on track to open across the U.S. in 2025, and Texas stands out as the nation’s largest builder, expecting about 81,400 new rentals this year.   Here are more insights from RentCafe.com’s Apartment Construction report:  Dallas is set to welcome the largest share of Texas’s...

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Portman Adding Residential, Retail Components to Alpharetta Office Project

Atlanta & Southeast + Apartment Buildings

Portman Holdings acquired the Brookside Office Park in Alpharetta, Georgia. The 20-acre site is currently home to two Class-A office buildings totaling approximately 266,000 square feet. Portman plans to retain one 130,000-square-foot building while razing the other to pave the way for an immersive redevelopment. The proposed plan includes 335 multifamily residences, 70 townhomes and...

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