News

30-Acre Vero Beach Waterfront Property Hits the Market

Florida & Gulf Coast + Apartment Buildings

Cushman & Wakefield has been retained by investor John Devaney to market two adjoining waterfront properties on Vero Beach’s north barrier island. Cushman & Wakefield Virgilio Fernandez is leading the marketing effort on behalf of Devaney. The sites can be purchased together or separately. The listing price for the two properties is over $60 million. The...

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New Red Oak Rental Community Debuts with Onsite Fishing Pond

Texas + Apartment Buildings

Greystar, in partnership with Whitman Peterson has opened Halden at Red Oak, a new apartment community in Red Oak, TX. Halden at Red Oak offers a unique amenity: an on-site fishing pond. The city of Red Oak asked Greystar to preserve and improve the existing pond for public use, and it now includes piers and...

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FCP Trades 260-Unit Atlanta-Area Rental Asset for $55M

Atlanta & Southeast + Apartment Buildings

Elmington Residential paid $55 million for The Asher at Sugarloaf, a 260-unit multifamily property in Lawrenceville. The company received an $18 million equity investment from American South Capital Partners (ASCP) to acquire the property. FCP was the seller. Built in 2008, The Asher at Sugarloaf offers a mix of affordable and workforce housing consisting of...

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Urban Outfitters–Leased Retail Condo in Wicker Park Changes Hands

Chicago & Midwest + Apartment Buildings

Greenstone Partners has completed the sale of 1521 N. Milwaukee Ave., a 10,600-square-foot, two-level retail condominium in Chicago’s Wicker Park neighborhood that is 100% leased to Urban Outfitters. The property sold for $4.125 million. Managing Partner Danny Spitz and Partner Brewster Hague represented the seller, Newcastle Investors, a longtime owner of retail properties in the...

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Upper East Side Condo Project Lands $52M Construction Loan

New York & Tri-State + Apartment Buildings

Developers Grand Cru Real Estate (GCRE) and Visabve Corp. have received a $52.5 million construction loan from S3 Capital for a 28-unit residential building on Manhattan’s Upper East Side. The financing for the ground-up development closed in tandem with the sponsor’s acquisition of the site at 1527 York Ave. this month. The 20-story building, located...

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Purpose-Built Student Housing Near SDSU Has Financing in Place

California & West + Student Housing

Construction financing and equity has been assembled for 5077 College Ave., a Class A purpose-built student housing development adjacent to San Diego State University (SDSU). Terms were not disclosed. The project is a joint venture between Akara Partners and Deven Group as co-general partners and co-developers. Construction begins immediately, with delivery targeted for the 2028–29 academic year. “Across our housing...

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Woodbourne To Take Portwood Development With $127.1M Credit Bid

Canada + Apartment Buildings

A major piece of Port Moody’s 23-acre Portwood redevelopment is changing hands after years of partnership disagreements, unsuccessful attempts to sell the property and a court-supervised process that failed to attract competing offers. The Supreme Court of British Columbia approved a $127.1M credit bid from Woodbourne-affiliated lenders on Oct. 13, clearing the way for them...

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PACE Loan Group’s Christian DeLisle on C-PACE’s Role in the Capital Stack

New York & Tri-State + Apartment Buildings

Rounding out Connect New York Apartments Investment & Finance 2026 on Oct. 22 will be a discussion of how banks, agencies, debt funds and private lenders are approaching multifamily. Providing perspective on the role of C-PACE in financing will be Christian DeLisle, SVP of originations with PACE Loan Group, who made the transition from bank...

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