News

Weidner Acquires 349-Unit Cedar Park Rental Asset

Texas + Apartment Buildings

Weidner Apartment Homes purchased The Alden at Cedar Park, a 349-unit asset in Cedar Park, Texas. Starlight Investments sold the property. The community was 95 percent occupied. Cedar Park is NW of Austin. Multihousing News reports that Berkeley Point Capital, a subsidiary of Newmark, issued a $47.3 million Fannie Mae acquisition loan. Newmark brokered the...

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NRP Group Nabs Prime Las Vegas Lot

Phoenix & Southwest + Apartment Buildings

Newmark announces the company has arranged the $17.1 million sale of a prime 7.8-acre site, strategically located on the northeast corner of Maule Ave and Gagnier Blvd. in Las Vegas, Nevada, along the 215 Beltway, adjacent to the Durango Casino and UnCommons. Newmark’s Michael Stuart represented the buyer, The NRP Group, which plans a four-story,...

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Broadmead Acquires Three-Building Office Portfolio in MD

Washington DC

Broadmead, Inc. has acquired a three-building commercial office portfolio in the Sparks section of Baltimore County as part of a long-term strategy to convert the more than 220,000 square feet of space into 80 independent living residences and amenities. Tom Fidler, Executive Vice President and Principal of MacKenzie Commercial Real Estate Services, handled site selection...

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Report: Momentum Shifts in Puget Sound Apartment Development Pipeline

Seattle & Northwest + Apartment Buildings

The Seattle multifamily market looks to be entering a new phase, with development momentum shifting beyond the urban core, according to Kidder Mathew’s 2025 Seattle Apartment Development Pipeline report. While Seattle’s apartment inventory grew 82% between 2010 and 2020, recent years have seen suburban King County outpace the city in both deliveries and future pipeline....

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Alliance, MAA Teaming Up on 336-Unit Charleston Apartment Community

Atlanta & Southeast + Apartment Buildings

Alliance Residential Company closed on 18.67 acres of land located at 1730 Clements Ferry Rd., Charleston, South Carolina, for the development of MAA Point Hope. This 336-unit apartment community is located within the master planned community of Point Hope, a 9,000-acre property within close proximity to Daniel Island within the City of Charleston. For MAA Point Hope,...

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$60M Bridge Financing Secured for VA Luxury Multifamily Property

Washington DC + Apartment Buildings

 JLL has secured $59 million in financing for Ellipse Urban Apartments, a 287-unit luxury apartment complex in Hampton, Virginia. JLL worked on behalf of the borrower, a joint venture between Madison International Realty and The Accend Companies, in arranging the floating rate loan through funds managed by affiliates of Fortress Investment Group. JLL Capital Market’s Debt...

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Shoma Group Obtains Refi for North Bay Village Development

Florida & Gulf Coast + Apartment Buildings

Forman Capital provided a $29.85 million pre-development loan for Shoma Bay, a 13-acre mixed-use development planned for North Bay Village, Florida. Proceeds will be used to refinance an existing loan.   The origination team from Forman Capital includes Brett Forman, Ben Jacobson, Scott Mehlman and Ty Regnier. Shoma Group, a vertically integrated real estate development firm based in South...

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Poor Curb Appeal Deterring Home Sales: REMAX

Canada + Apartment Buildings

A messy neighbour’s yard could sink a home sale before buyers even step inside, according to a new Leger survey commissioned by REMAX Canada. The poll found that 51% of Canadians consider neighbouring homes in poor condition a deal breaker, with 18% ranking it as their top deterrent. Lack of curb appeal was cited by...

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