News

Kairoi Austin Tower Plans Moving Forward

Texas + Apartment Buildings

Kairoi Residential is still in the planning stages of a 66-story tower at 701 W. Sixth St. The Austin Planning and Zoning Commission has okayed a part of the plan, allowing the company to double its floor space. The Austin Business Journal reports that the project is entitled to more floor space than the previous...

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PCCP Secures Financing for Gilbert Apartment Project

Phoenix & Southwest + Apartment Buildings

Artom Holdings obtained $58 million in financing for The Parker on Higley, a Class-A, 261-unit multi-housing development in Gilbert. The construction loan was secured through PCCP. Brad Miner and Drew Lydon led JLL Capital Market’s Debt Advisory team, representing the borrower. The project’s completion date is Q4 2026. The Parker on Higley is a four-story...

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Tishman Speyer Lands Nashville Highrise

Atlanta & Southeast + Apartment Buildings

Tishman Speyer has bought its third Nashville property, most recently the 25-story residential tower at 2010 West End. The Nashville Business Journal reports that it had previously bought two SoBro properties. Tishman Speyer paid $112 million for the 2010 West End tower. The seller is associated with Flow Global Holdings, which paid $158 million for the building...

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Housing Trust Group Opens Doors to $100M Hollywood Mixed-Income Housing Venture

Florida & Gulf Coast + Apartment Buildings

Housing Trust Group has opened University Station, a $100 million mixed-use community in downtown Hollywood, Florida. University Station introduces 216 units of affordable and workforce housing, a 635-space public-private parking garage, over 2,000 square feet of retail and commercial space, and a new 12,210-square-foot campus for Barry University’s College of Nursing and Health Services. Apartments...

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Pacific Palisades Development Site Comes to Market

California & West + Apartment Buildings

KW Commercial’s The Soroudi Team has been exclusively assigned to market a 1.04-acre development site located at 17250 Sunset Blvd. in Pacific Palisades. The site was formerly a 64,344-square-foot, 75-unit apartment property built in 1972 that was burned in the January 2025 wildfires. Currently, the land has been cleared and is ready for an investor to...

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Affordable Complex Opens on Long-Vacant Site in Cypress Hills

New York & Tri-State + Apartment Buildings

City and state officials announced the completion of Logan Fountain, a new affordable housing development in the Cypress Hills neighborhood of Brooklyn. Developed by The Hudson Companies, the $214-million project transformed a vacant parcel at 265 Logan St. into affordable apartments, transitional housing for homeless families and retail space. Totaling 343 units, the project includes 173...

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Merchants Capital Secures $33M for Housing Development in St. Paul

Chicago & Midwest + Apartment Buildings

Merchants Capital announced $32.9 million in financing for the construction of East 7th Street, a 60-unit affordable and supportive multifamily housing development in St. Paul, Minnesota. Merchants Capital provided $18.9 million in 9% low-income housing tax credit (LIHTC) equity and secured a $14 million bridge loan from Merchants Bank for the development. East 7th Street...

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Funds Acquire, Recapitalize Jersey City’s Hudson House Apartments

New York & Tri-State + Apartment Buildings

Funds managed by affiliates of Strategic Value Partners, LLC, One Investment Management, RXR and Columbia Property Trust have acquired and recapitalized Hudson House, an 829-unit luxury multifamily complex nearing completion in the Soho West neighborhood of Jersey City. Financial terms were not disclosed. The complex transaction included a refinancing of the existing senior mortgage with a...

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