AURORA, COLO. — A commingled real estate fund managed by Kennedy Wilson has acquired The Fletcher Southlands, a multifamily property in Aurora, for $94.7 million. Completed in 2021, the three-story community features 320 one-, two-, three- and four-bedroom garden-style apartments with open floor plans. The community offers a low-density living environment, ample parking, a fitness center, pool, dog park and communal game and dining spaces.
DENVER, COLO. — Preleasing has begun at The Parson, a 309-unit high-rise Greystar is developing in Denver’s Golden Triangle neighborhood. The project is slated for completion next year. According to Zillow, monthly asking rents range from $2,055 for a studio to $13,690 for a three-bedroom penthouse. The Parson features 4,100 square feet of retail space. Amenities include a fifth-floor pool with views of the Rocky Mountains, a two-story gym with a sauna and a yoga lawn, concierge services, shared workspaces and an indoor and outdoor dog park. Ziegler Cooper was the architect.
QUEENSBURY, N.Y. — Regional brokerage firm Adirondack Capital Partners has negotiated the sale of Whispering Pines Apartments, a 189-unit multifamily complex in Queensbury, located north of Albany. Built in 1980, the garden-style property offers one- and two-bedroom units and amenities such as a pool, tennis courts, fitness center and onsite laundry facilities. Adirondack represented the buyer, Dawn Homes Management, in the transaction. Parker Stevens of Eastdil Secured represented the seller.
NEW YORK CITY — A partnership between William Macklowe Co. and GreenBarn Investment Group has completed the lease-up of a 49-unit apartment building in the Park Slope area of Brooklyn. Designed by SLCE Architects with interiors by Durukan Design, the four-story building is part of the Paseo on Fifth development, which comprises 131 units across two buildings. Residences at Paseo on Fifth come in studio, one- and two-bedroom floor plans. Rents start at roughly $3,200 per month for a studio apartment.
ARLINGTON HEIGHTS, ILL. — Marquette Cos. has purchased Orion Arlington Lakes, a 198-unit, garden-style multifamily property in the Chicago suburb of Arlington Heights. Immediate plans for the community include a rebranding to Avery at Arlington Lakes and the launch of value-add renovations for the amenities and units. Marquette Management will take over property management. Built in 1985, the property features eight buildings with one- and two-bedroom floor plans averaging 1,168 square feet. Marquette plans to build a new fitness center and implement upgrades to apartment interiors and amenities, which include a picnic area, dog park, landscaped grounds, garage parking and laundry facilities. LEM Capital was a capital partner in the acquisition.
The November 18 France Media webinar “From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI,” hosted by France Media and sponsored by Defease With Ease | Thirty Capital, offered a look at the realities of artificial intelligence (AI) within the industry. What can a year of AI use in commercial real estate tell us about implementation and tactics? Panelists touched on the limitations of general-purpose tools, as well as trending topics including safeguards, data privacy, accuracy and institutional control. For professionals engaged in commercial real estate, the session highlighted practical ways AI can elevate both day-to-day efficiency and organizational sophistication (especially if efforts are backed up by a unified library of proprietary portfolio data). Panelists discussed how purpose-built platforms can support underwriting, refinancing, internal reporting and ongoing asset optimization by using secure, updated data. The expert presenters gave concrete examples on how AI can act as an effort multiplier: it can strengthen accuracy, surface risks earlier and broaden the capabilities of team members. The included case study underscored real-world advantages, including improved reporting integrity, stronger oversight and better workflow automation. Register here to watch this brief webinar to gain helpful insights on integrating new technology …
MCKINNEY, TEXAS — Philadelphia-based investment firm Equus Capital Partners has sold McKinney Village, a 245-unit apartment complex located about 50 miles north of Dallas. Built in 2017, the property offers studio, one- and two-bedroom units as well as two-story townhomes with attached garages. Amenities include a pool with covered seating and grilling stations, a fitness center, pet park and a community garden. Brian O’Boyle Jr., Brian Murphy, Richard Furr and Jack Forman of Newmark represented Equus Capital Partners in the transaction. Mitch Clarfield and Alec Newman, also with Newmark, originated Fannie Mae acquisition financing for the deal on behalf of the buyer, Weidner Apartment Homes.
WAXAHACHIE, TEXAS — St. Louis-based developer Mia Rose Holdings has broken ground on The Emory at North Grove, a 98-unit multifamily project in Waxahachie, about 30 miles south of Dallas. The mid-rise building will feature one- and two-bedroom units, retail space and such amenities as a resort-style saltwater pool and a fitness center. Bradbury Construction is the general contractor for the project, completion of which is slated for late summer 2026.
NEW YORK CITY — JLL has brokered the $58.8 million sale of a multifamily development site in the Gowanus area of Brooklyn. The 38,500-square-foot site at 563 Sackett St. lies within a Qualified Opportunity Zone and can support approximately 258,600 buildable square feet. A 12-story, 350-unit development with other commercial uses is planned for the site. Michael Mazzara, Ethan Stanton and Brendan Maddigan of JLL represented the seller, the Mazzei Family, in the transaction and procured the buyer, Brooklyn developer Fulltime Management.
NEW YORK CITY — Locally based brokerage and advisory firm GFI Realty Services has arranged a $40 million acquisition loan for 1501 Voorhies Avenue, a multifamily building in Brooklyn’s Sheepshead Bay area. The loan is collateralized by the rental portion of the building, spanning floors two through 19, as well as a 105-space parking garage. Floors 20 through 28 house condos. Daniel Lerer of GFI Realty arranged the loan through OceanFirst Bank. The undisclosed borrower has rebranded the building as Aqualina New York.
