Multifamily

Colliers Arranges Sale of 121-Unit Active Adult Community in St. Paul

by Kristin Harlow March 6, 2026

ST. PAUL, MINN. — Colliers has arranged the sale of Graham Place Senior Apartments, a 121-unit, 55-plus community located at 1745 Graham Ave. in St. Paul’s Highland neighborhood. The Low-Income Housing Tax Credit property, built in 2005, features 42 one-bedroom units and 79 two-bedroom units. Amenities include a fitness center, business center, corner store, beauty salon, guest suite accommodations, underground parking and 24-hour emergency maintenance. Northstar Properties of Minnesota Inc. was the buyer. Dan Linnell, Mox Gunderson, Adam Haydon, Devon Dvorak and Drew Jackson of Colliers represented the buyer and undisclosed seller.

March 6, 2026

Loans Midwest Minnesota Multifamily

Northmarq Provides $22.7M Agency Loan for Refinancing of Minnesota Apartment Building

by Kristin Harlow March 6, 2026

EXCELSIOR, MINN. — Northmarq has provided a $22.7 million Fannie Mae loan for the refinancing of One West Drive, a boutique apartment building with 49 units in Excelsior. Andy Finn of Northmarq arranged the permanent fixed-rate financing on behalf of the borrower, which included Monarch Development Partners, Red Leaf Partners and Blue Baukol Capital Partners. Completed in late 2024, One West Drive is situated on the site of the former Excelsior City Hall. The property features seven connected two-story buildings. Units come in one-, two- and three-bedroom layouts as well as two-bedroom rowhomes with private rooftops and garages. Amenities include a spa pool, fitness and yoga studio, private dining room, coworking lounge, outdoor grilling area, resident garden, two-story lobby and dog run.

March 6, 2026

Development Multifamily Texas

StreetLights Residential Breaks Ground on 20-Story Apartment Building in Dallas

by Taylor Williams March 5, 2026

DALLAS — Local developer StreetLights Residential has broken ground on a 20-story apartment building in Dallas. The site is located at the southeast corner of Park Lane and U.S. Highway 75, and the building will offer 365 units in studio, one-, two- and three-bedroom floor plans that will range in size from 505 to 1,707 square feet. Residences will be furnished with stainless steel appliances, custom cabinetry and keyless entry mechanisms, while select units will feature wine refrigerators and built-in desks. Amenities will include a pool, fitness center, game room, private dining room, coffee bar, pet wash station, lounge and outdoor grilling and dining stations. StreetLights is developing the project in partnership with Mitsui Fudosan America. Completion is slated for early 2029.

March 5, 2026

Development Multifamily Texas

Rockefeller Group, Pelican Begin Leasing 298-Unit Multifamily Project in Katy, Texas

by Taylor Williams March 5, 2026

KATY, TEXAS — A partnership between New York City-based Rockefeller Group and Pelican Builders has begun leasing Hudson Crossing, a 298-unit multifamily project in the western Houston suburb of Katy. Hudson Crossing offers one-, two- and three-bedroom residences that are furnished with stainless steel appliances, white quartz countertops, designer tile backsplashes, individual washers and dryers and private balconies. Select residences feature private yards. Amenities include a pool, fitness center, resident clubhouse with a coworking lounge and outdoor gathering areas with grills. Rents start at roughly $1,400 per month for a one-bedroom apartment.

March 5, 2026

Acquisitions Georgia Multifamily Southeast

ECI Group Sells 260-Unit Apartment Community in McDonough, Georgia

by John Nelson March 5, 2026

MCDONOUGH, GA. — ECI Group has sold The Corwyn South Point Apartments, a 260-unit community located at 1000 Columns Drive in McDonough, a southern suburb of Atlanta. Morgan Properties purchased the property for an undisclosed price. David Gutting of Newmark represented the seller in the transaction. The Corwyn South Point features one-, two- and three-bedroom apartments. Amenities include a 2,000-square-foot clubhouse with a kitchen, fitness center with a dedicated yoga/spin room and a gathering room featuring a lounge, fireplace, TV and media center with a gaming area. Outdoor amenities include a resort-style pool with sun shelf and deck, grilling and fire pit areas, landscaped courtyard with a bocce ball court and a dog park and pet wash station.

March 5, 2026

Acquisitions Midwest Missouri Multifamily Student Housing

Core Spaces Acquires 972-Bed Student Housing Community Near University of Missouri

by Kristin Harlow March 5, 2026

COLUMBIA, MO. — Core Spaces has acquired The Collective at Columbia, a 972-bed student housing community near the University of Missouri in Columbia. Preiss and a real estate fund advised by Crow Holdings Capital sold the 318-unit property. Located at 3600 Aspen Heights Parkway, The Collective at Columbia offers a mix of two- to four-bedroom floor plans, all in cottage-style layouts. Amenities include a pool, clubhouse, fitness center, sand volleyball court, basketball court, dedicated study lounges and a private shuttle providing direct access to campus. The property is currently fully occupied. The acquisition marks Chicago-based Core’s first investment in Columbia.

March 5, 2026

Civic Hospitality Market Reports Michigan Midwest Midwest Market Reports Multifamily Office

Detroit Developments Showcase Urban Adaptive Reuse, Preservation

by Kristin Harlow March 5, 2026

By Michael Poris, McIntosh Poris Architects Long defined by its industrial legacy, Detroit development currently combines ground-up construction with intelligent, innovative adaptive reuse. Brick-and-mortar manufacturing-era remnants include many buildings that originally served the automotive industry. As large-scale manufacturing relocated and Detroit’s population declined, several significant buildings were abandoned. Many are viable for second lives, ones that fulfill current commercial real estate market demands. Adaptive reuse makes sense I co-founded McIntosh Poris in 1994 to protect Detroit’s historic buildings from bulldozers and redesign them for a post-manufacturing economy. At that time, demolition was the most expedient option. To address this, we focused as much on civic networking and preservation education as architectural design. Implementation involved organizing events with public officials and the local business community to meet leaders of other cities’ successful urban-renewal programs. To make Detroit more attractive to commercial real estate investment, we lobbied for zoning changes. Most relevant, commercial and historic districts were re-evaluated to permit mixed-use redevelopment. Historic preservation became viable, often making sense both financially and culturally. Well before sustainability became a commercial real estate consideration, we educated developers on available adaptive reuse incentives such as historic tax credits. Combined with the inherent efficiencies of reuse, …

March 5, 2026

Development Multifamily Texas

Fein Begins Leasing 326-Unit Apartment Community in North Houston

by Taylor Williams March 4, 2026

HOUSTON — Locally based developer Fein has begun leasing Echo Lake, a 326-unit apartment community in North Houston. The site spans 21.4 acres within the CityPlace mixed-use development, and the property is named after the 1.2-acre lake and trail system that serves as a focal point of the project. Designed by Steinberg Dickey Collaborative, built by Westchase Construction and financed by Comerica Bank, Echo Lake comprises two- and three-story buildings that house one-, two- and three-bedroom units and Class A amenities. About 40 percent of the units are townhouse-style residences with attached garages. Fein developed Echo Lake in partnership with Open House Group. The first move-ins are now underway, with rents starting at roughly $1,300 per month for a one-bedroom apartment. Construction began last spring.

March 4, 2026

Acquisitions Multifamily New York Northeast

JLL Arranges $129M Sale of Multifamily Building in Manhattan’s Hudson Yards District

by Taylor Williams March 4, 2026

NEW YORK CITY — JLL has arranged the $129 million sale of Henry Hall, a 33-story multifamily building located at 515 W. 38th St. in Manhattan’s Hudson Yards district. Completed in 2017, Henry Hall houses 225 units in studio, one- and two-bedroom floor plans, in addition to 12,500 square feet of ground-floor retail space. Amenities include a fitness center, landscaped terrace and a “jam room” with professional music recording equipment. Jeffrey Julien, Rob Hinckley, Steven Binswanger, Steven Rutman and Devon Warren of JLL represented the seller, a joint venture between Shorenstein Investment Advisers and Dreamscape Cos., in the transaction. Geoff Goldstein and Christopher Pratt, also with JLL, arranged a $71 million acquisition loan for the deal through U.S. Bank on behalf of the buyer, Amstar Group.

March 4, 2026

SilverLake-Apartments-Belleville-New-Jersey

Acquisitions Loans Multifamily New Jersey Northeast

SYM Investments Buys Apartment Complex in Belleville, New Jersey for $80M

by Taylor Williams March 4, 2026

BELLEVILLE, N.J. — Connecticut-based SYM Investments has purchased SilverLake Apartments, a 232-unit multifamily complex in Belleville, about 10 miles west of New York City, for $80 million. Completed in early 2022, SilverLake Apartments consists of two five-story buildings that feature studio, one- and two-bedroom floor plans. Amenities include a fitness center, dog park, game room, entertainment lounge with a kitchen, rooftop terrace, business center and package lockers, as well as 17,024 square feet of commercial space that is fully leased. Mike Oliver, Steve Simonelli, Jose Cruz, Elizabeth DeVesty and Austin Pierce of JLL represented the seller, Baltimore-based developer Klein Enterprises, in the transaction. Michael Klein, Thomas Didio Jr., Gerard Quinn and Joseph Gruber, also with JLL, originated a $56 million Freddie Mac acquisition loan on behalf of SYM Investments.

March 4, 2026

Newer Posts

Older Posts