News

JLL Facilitates Equity Placement for Residential Property in Kansas

JLL has arranged equity placement for The Residences at Lexington, a 382-unit garden-style multifamily development project in De Soto, Kansas. JLL represented Alcove Development. The investor was Red Starr Investments. The Residences at Lexington, located at 34040 W 90th Cir., is positioned close to both the new 4.7 million-square-foot Panasonic electric vehicle battery plant and...

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Affinius to Invest Preferred Equity into Latigo Project in Thousand Oaks

California & West + Apartment Buildings

Affinius Capital LLC said Monday it will invest $54.7 million of preferred equity for the ground-up development of Hillcrest Apartments, a multifamily project located in Thousand Oaks. The preferred equity investment was provided to The Latigo Group. Bank OZK originated the senior loan. Latigo intends to develop a four-story, Class A multifamily property featuring ground-floor retail...

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M&T RCC Arranges Freddie Mac Loan for Carnegie Hill Rentals

New York & Tri-State + Apartment Buildings

M&T Realty Capital Corporation (M&T RCC) closed on a $50-million Freddie Mac loan for The Alyn, a premier 56-unit luxury multifamily rental building located at 152 E. 87th St. in Manhattan’s Carnegie Hill neighborhood. The borrower, an affiliate of Gordon Property Group, is a New York-based family office. The refinance opportunity was highly competitive, with M&T RCC emerging as the...

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Horvath & Tremblay Sells Dupont Circle Multifamily Property

Washington DC + Apartment Buildings

Dennis Cravedi and Christian Barreiro of Horvath & Tremblay have closed the sale of a vacant, fully renovated nine-unit multifamily property located in the heart of the Dupont Circle neighborhood in Washington, D.C. The property sold for $3.1 million, equating to $344,444 per unit and $547 per square foot, with Horvath & Tremblay exclusively representing...

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Nearly $1M Committed for Tacoma-Area Affordable Housing

Seattle & Northwest + Apartment Buildings

The South Sound Housing Affordability Partners just approved their first major investment to help build affordable housing in Pierce County. The group voted to commit up to $966,000 to support the future construction of up to 28 homes for families earning below 80% of the average median income. The homes will be built on 4.22-acres...

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MG Properties Adds Anaheim Apartments for $144M

California & West + Apartment Buildings

MG Properties has completed the $144-million acquisition of Citron Apartments, a recently completed community in Anaheim with 314 residential units. With this acquisition, MG has added 17 properties to its portfolio over the past 12 months. Built in 2023, Citron is located near two major California freeways, Disneyland, The Anaheim Convention Center and The Platinum Triangle, where the Los...

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JCMLiving Cuts Ribbon on Final Phase of Wesmont Station Neighborhood

New York & Tri-State + Apartment Buildings

JCMLiving, a family-owned real estate owner and operator of multifamily communities throughout the East Coast, unveiled Rosera Wesmont, a 295-unit luxury residential community in Bergen County’s Aviation District in Wood-Ridge, NJ. The ribbon-cutting event marked the final residential phase of the 150-acre Wesmont Station redevelopment, a decades-long effort to transform a historic World War II-era aircraft...

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First For-Sale Residential Project Unveiled on Treasure Island

California & West + Apartment Buildings

Treasure Island Development Group, a partnership between Wilson Meany, Stockbridge Capital Group and Lennar Corporation, has unveiled 490 Avenue of the Palms, the first new for-sale residential offering on San Francisco’s Treasure Island. The six-story mid-rise features 148 parkside, waterfront residences with panoramic views. “490 Avenue of the Palms marks a pivotal moment for Treasure...

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