Northmarq’s Newport Beach Debt + Equity team led by Alex Kane, Joe Giordani, Brendan Golding and Alvin Cao arranged financing for a $109-million portfolio featuring three multifamily communities in Orange and Los Angeles Counties. The team arranged financing on behalf of the borrower, Advanced Real Estate, through a correspondent relationship with Freddie Mac. All three transactions were structured on 10-year terms with eight...
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Hines announced Meadowlark at Wildflower Ranch, a collection of 129 single-family rental homes within the 1,100-acre Wildflower Ranch master-planned community (photo) in Justin, Texas, later this month. Meadowlark at Wildflower Ranch offers three-bedroom homes ranging from 1,600 to 2,066 square feet, with rents starting at approximately $2,595. Built by William Ryan Homes, every residence features private grass yards, private driveways,...
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Holt Lunsford Commercial (HLC) recently launched HL Communities and The Renegade in Denton, Texas. This is the official launch of HL Communities, HLC’s multifamily development and construction arm. The Renegade is a Class-A, 4-story, 120,000-square-foot multifamily development with 104 units at 260 W. Mulberry St. Construction began in February 2025 with project delivery anticipated for Q2...
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CBRE has arranged the $16 million ($54,237 per unit) sale of a three-property multifamily portfolio in Tucson totaling 295 units, along with a 2.8-acre multifamily development site. CBRE’s Jeff Casper represented the seller, Desert Ventures LLC. IPM Investments acquired the portfolio, marking its first multifamily purchase in the Tucson market. CBRE’s Casper says the project is...
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Columnar Investments’ plans for a significant housing and commercial project are moving forward in Georgetown, the fastest-growing town in the country. The 620-acre Heirloom project will include 3,600 housing units, which would be a mixture of single-family homes, townhomes and apartments along with at least 200,000 square feet of commercial space centered around a Main...
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3L Real Estate plans to spend $26.5 million to convert One City Center’s office building into apartment units and corporate suites. The 780,000-square-foot building at 1021 Main St. is scheduled to start construction in February 2026 and wrap up in December 2027. 3L hired Gensler to design the project, which includes the construction of 553...
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Just so there is no confusion, the venture is being called Teachers Village. It is a 457,584-square-foot tower that will rise more than 30 stories near Centennial Olympic Park. Urbanize Atlanta reports that all 424 apartments will be marketed to Atlanta teachers, other school employees, and seniors. The bulk of the tower—227 units—will be reserved...
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A hybrid multifamily, build-to-rent development is moving forward in Jacksonville. Commercial Edge reports Ceiba Groupe secured a $40.2 million construction loan for Royal Palms Main Street, a 227-unit project located at 15275 N. Main St. Crestline Investors provided the debt in a deal arranged by JLL Capital Markets. Completion is slated for early 2027. The...
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