News
HighPark Moving Ahead on Denton Apartment Venture
HighPark Capital broke ground on a 242-unit, four-story luxury apartment complex in Denton. Phoenix Capital Management as its equity partner. The Pradera at Rayzor Ranch will be on eight acres of Rayzor Ranch, a 400-acre master-planned development that will be walkable to various restaurants, retailers, public parks, and the Texas Health Presbyterian Hospital Denton medical...
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Austin Car Lot Could Spawn 750 Rental Units
United Properties is eyeing a Ford dealership parking lot and a number of other adjacent properties so it can build up to 2,300 apartments along with some commercial space. The Austin Business Journal reports seven parcels make up the 13 acres the company is hoping to convert to a significant multifamily community, including the Leif...
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Tampa Apartments Sell at a Loss
Momentum Real Estate Partners picked up Amelia at Westshore in Tampa for a second time. The company paid $73 million for the property at 6608 S. Westshore Blvd. The Tampa Bay Business Journal reports the seller, Rockwell Property, paid $90 million for the apartment complex in 2022. Rockwell had secured a $73 million mortgage for...
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Construction Underway on Nashville’s The Bend
Ridgeline Development Partners (RDP) and Deep Cove Partners (DCP) broke ground on The Bend at Capitol District. The project will be a mixed-use, phase-two expansion of its TownePlace Suites at North Capitol project, which was completed in 2020. The Bend is slated to be completed in early 2027. The Bend will add 550,000 square feet to North...
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Webstar Takes Over 3M-SF Atlanta Redevelopment Project
A Webstar Technology Group affiliate acquired and will redevelop The Forge Project—a 3.0+ million square foot mixed-use development in Downtown Atlanta’s Castleberry Hill district. The Forge, fully entitled and shovel-ready, features residential units, boutique and condo hotel rooms, flex space, sports entertainment complex, restaurant and retail, and a cultural center. The site sits within the SPI-1 SA1 zoning...
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Landmark, Stockbridge Acquire Two Student Housing Properties Near USC
Landmark Properties and Stockbridge have acquired two student housing communities near the University of Southern California (USC) campus in Los Angeles. Terms of the acquisition weren’t disclosed. TSB Realty brokered the sale while TSB Capital Advisors arranged the financing for the transaction. The acquisition of Icon Plaza and West 27th Place is Landmark’s third transaction...
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Haussmann Closes $41M Refi on Newly Opened Crown Heights Apartments
Haussmann Development has closed a $40.75-million refinancing loan from ACRES Capital for The Eve, a fully electric, mixed-income residential project at 827 Sterling Pl. in Crown Heights. The new financing replaces a construction loan from Urban Standard Capital, which carried a $38.5-million commitment but was paid off at a lower $35.8 million. The refinancing was arranged...
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Study: Massachusetts Faces Shortage of Affordable Housing
New collaborative research from Housing Navigator Massachusetts, Inc. and the Metropolitan Area Planning Council (MAPC) found a gap of 441,000 low-income households from Cape Cod to the Berkshires without access to an affordable rental home, showing that the current supply of affordable rentals serves just 32% of low-income households. In every region across the Commonwealth, at least...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout