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Greenstone Partners Brokers MF Sale in Wisconsin

Chicago & Midwest + Apartment Buildings

Greenstone Partners has completed the sale of 3755 N. Brookfield Road, a stabilized 56-unit multifamily property located in Brookfield, Wisconsin. Greenstone Partners’ Senior Director Jordan Multack represented the buyer, Breneman Capital, and seller, Mandel Group, Inc. “We were able to procure an exceptionally strong offer, from an accredited, repeat buyer of ours, who has strong...

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Construction Underway on $225M Mesa Mixed-Use Development

Phoenix & Southwest + Apartment Buildings

Thompson Thrift announced construction has started on The Gilmore, a $225 million, 35-acre mixed-use development in the Phoenix suburb of Gilbert. The Gilmore will provide luxury apartments, a hotel, and approximately 200,000 square feet of grocery, boutique restaurant and retail space. The company expects retailers to begin opening in the latter half of 2026, and the first resident...

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KeyBank Provides $35M for Rural Arizona Affordable Housing

Phoenix & Southwest + Apartment Buildings

KeyBank Community Development Lending and Investment provided a $13.9 million construction loan and $21.4 million in low-income housing tax credit financing for the construction and rehabilitation of Miami Inspiration Housing in Miami, Arizona. Zammy Arcos and Matthew Haas of KeyBank CDLI structured the financing. Chicanos Por La Causa is developing the property. Gorman Property Management,...

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Miami Mandarin Oriental Hotel Closing, Condo/Hotel on Way

Florida & Gulf Coast + Apartment Buildings

The Miami Mandarin Oriental will close as a hotel only and reopen as a $1 billion, two-tower hotel/condominium combination. The hotel will close later this month as it prepares to be demolished and redeveloped, laying off 430 workers in the process. Swire Properties is the project developer. The first tower, approximately 800 feet tall, will...

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Student Housing Veteran to Spearhead Expansion of HH Red Stone’s Third-Party Management

Student Housing

HH Group has appointed Tadros ‘Teddy’ Abdelmalek as SVP of business development at HH Red Stone, the firm’s property management division. Abdelmalek will lead the expansion of HH Red Stone’s third-party management platform, with a focus on student housing, multifamily and affordable housing across key U.S. markets. Abdelmalek brings 25 years’ experience in student housing,...

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Cortland Picks Up Beltline Rental Property for $71.3M

Atlanta & Southeast + Apartment Buildings

Cortland acquired the 372-unit project at 415 Armour Drive, near the Atlanta Beltline’s Northeast Trail. CWS Capital Partners was the seller of the property, which traded for $71.3 million. Cortland will rebrand the property now called Marquis Midtown District to Cortland at Armour Yards. The Atlanta Business Chronicle reports that the company plans to renovate...

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Explaining an Overlooked Multifamily Amenity

Apartment Buildings

While multifamily owner-operators are increasingly welcoming pets and their owners into their communities, one overlooked feature is providing enough space to store cat- and dog-specific gear, crates, toys, extra bowls, and bulk food. Lindsay Steiner, co-founder of Bradyl Storage Solutions, told ApartmentBuildings.com that “going beyond the unit” to include such storage space sends a positive...

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MMCC Arranges $10M for Wisconsin MF Property

Chicago & Midwest + Apartment Buildings

Marcus & Millichap Capital Corporation has arranged $10.37 million for the refinancing of Urbane115 Apartments, a 46-unit multifamily property located at 115 East Washington Street in Appleton, Wisconsin. Robert Bhat, senior managing director in MMCC’s Miami office, secured agency financing on behalf of a private client.“This newly built, mixed-use property is well located downtown adjacent...

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