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City of Albuquerque, Developer to Spend $70M on Apartment Upgrades

Phoenix & Southwest + Apartment Buildings

CPP (Community Preservation Partners) and the City of Albuquerque have announced the acquisition and planned renovation of St. Anthony Plaza Apartments, an affordable housing complex in Albuquerque, N.M. This is CPP’s 39th community in New Mexico.  St. Anthony Plaza Apartments is located at 1750 Indian School Road NW in the Near North Valley region of Albuquerque....

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Ariel Arranges $50M Refi on 13 Multifamily Properties

New York & Tri-State + Apartment Buildings

Ariel Property Advisors’ Capital Services Group has arranged a $50-million refinance loan for a portfolio of 13 multifamily properties in Manhattan. Borrower and locations were not disclosed. The properties include 330 residential units and five commercial units across Manhattan’s Chelsea, East Village, Kips Bay, Upper East Side and Upper West Side neighborhoods.  An Ariel team led by senior...

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BWE Secures $73M in Financing for MF Development in Ohio

Chicago & Midwest + Apartment Buildings

BWE has secured a $73.36 million loan to finance the construction of RockPointe at Quarry Trails, a 486-unit apartment complex that will serve as the third phase of the Quarry Trails Master Development, a 607-acre, mixed-use community in Columbus, Ohio. A team from BWE’s Columbus office, consisting of Chad Kiner, senior vice president; Conor Lee,...

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Sugar Land Approves Plans for Former Fluor Campus

Texas + Apartment Buildings

Sugar Land’s City Council approved a concept plan for Lake Pointe Green–a 53-acre redevelopment plan for the former Fluor Corporation campus, allowing hundreds of multifamily units. The City also approved a $7 million incentive to support new park land, civic spaces and an expansion of the Brooks Lake Trail—funded through sales tax revenue set aside specifically for...

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Essex Property Trust Pays $240M for Two Campbell Complexes

California & West + Apartment Buildings

Affiliates of Essex Property Trust have acquired two multifamily complexes in Campbell from Land and Houses USA, the Silicon Valley Business Journal reported. Parc at Pruneyard Apartments and Revere Campbell traded for a total of $240.5 million. Located at 215 Union Ave., the 60-year-old, 252-unit Parc at Pruneyard sold for $122.5 million, reported the Business Journal,...

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Carr Properties to Begin on Arlington Residential Project

Washington DC + Apartment Buildings

Carr Properties has received approval from the Arlington County Board to move forward with construction for the residential redevelopment of 3033 Wilson Boulevard in Clarendon, Virginia.  Located across from the Clarendon Metro station, 3033 Wilson represents Carr’s ongoing expansion into residential real estate. The project will transform an outdated office building into a newly developed...

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RADCO Cos. Picks Up 615-Unit Atlanta-Area Rental Community

Atlanta & Southeast + Apartment Buildings

Filmore Capital Partners has unloaded the Legacy at Riverdale, a 615-unit apartment complex in Riverdale, Georgia. RADCO Cos. was the buyer. The company will rebrand the community as Rhythm at Riverdale. Commercial Edge reports the property last traded in 2021, when Filmore Capital Partners bought it for $55.5 million. The massive property at 750 Chateau...

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Texas People & Companies, May 16, 2025

Texas + Apartment Buildings

JLL added Trey Neville as Executive Vice President, joining the firm’s Dallas-Fort Worth Retail team. With over 30 years of experience in the North Texas commercial real estate market, Neville has built his career specializing in investment sales, tenant and landlord representation, site selection, and retail and restaurant development. CenterSquare acquired the Shops at Aliana Trace...

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