Multifamily

Partnership Breaks Ground on Apartment Tower, Marriott Hotel in Downtown West Palm Beach

by John Nelson July 22, 2026

WEST PALM BEACH, FLA. — A partnership comprising LD&D, IGEQ and FrontRange Capital Partners has broken ground on a 21-story apartment tower and hotel in downtown West Palm Beach. The properties, the 181-unit Alida Residences and the 112-room Tribute Portfolio hotel by Marriott, will be developed simultaneously as separate residential and hospitality properties. The developers assembled the three parcels for the two buildings in 2019. The site is located directly adjacent to a Brightline station and near the future campus for Vanderbilt University. Alida Residences will offer a mix of studio, one-, two- and three-bedroom units ranging in size from 500 to 2,000 square feet, as well as a rooftop pool deck on the 21st floor. Both Alida Residences and the Tribute Portfolio hotel by Marriott are expected to open in 2028.

July 22, 2026

Acquisitions Affordable Housing Development Multifamily Office Southeast Virginia

Finmarc Sells Office Building, Land in Northern Virginia to Pulte Homes for $26.4M

by John Nelson July 22, 2026

CHANTILLY, VA. — Finmarc Management Inc. has sold an 83,300-square-foot office/flex building and an adjacent 6.4-acre parcel within Park East Corporate Center in Chantilly, about 28 miles west of Washington, D.C. The Bethesda, Md.-based investment company sold the parcels, which total 14 acres, to Pulte Homes for approximately $26.4 million. The Atlanta-based homebuilding giant plans to develop 183 homes on the sites comprising 126 townhomes, 32 condos and 25 affordable and workforce dwelling units. Brendan May and Paul Norman of Cushman & Wakefield represented Finmarc in the transaction. Aaron Rosenfeld of Kelley Drye & Warren LLP provided legal services to Finmarc.

July 22, 2026

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers $11.5M Sale of Chicago Apartment Building

by Kristin Harlow July 22, 2026

CHICAGO — Kiser Group has brokered the $11.5 million sale of a 78-unit apartment building located at 6748-50 N. Ashland Ave. in Chicago’s Rogers Park neighborhood. Originally constructed in 1927, the property features Art Deco architectural influences. There are eight studios, 69 one-bedroom units and one two-bedroom unit. Jacob Price and Katie LeGrand of Kiser brokered the sale, which closed at 100 percent of list price. A local owner-operator with an existing portfolio in the neighborhood was the buyer.

July 22, 2026

Arizona Loans Multifamily Western

PCCP Provides $51.8M Loan for Refinancing of Apartment Community in Gilbert, Arizona

by Amy Works July 22, 2026

GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the cash-neutral refinancing of Everly at Morrison Ranch, a apartment community located in Gilbert. Built in 2025, the Class A, garden-style community features 236 apartments that were 97 percent occupied at the time of financing. Everly at Morrison Ranch, located at 4353 E. Elliot Road, includes 36 two-story buildings with an average unit size of 986 square feet. The unit mix includes one-, two- and three-bedroom floor plans with interiors featuring stainless steel appliances, quartz countertops, smart home technology, nine-foot ceilings and plank-style flooring. Community amenities include a resort-style pool and spa, private workspaces, EV charging stations, tot lot and a dog park. Select floor plans include attached or detached garages with additional detached garages available for rent. The property is self-managed by P.B. Bell.

July 22, 2026

Arizona Development Multifamily Student Housing Western

P3 Breaks Ground on 1,300-Bed Residence Hall Development at University of Arizona

by Amy Works July 22, 2026

TUCSON, ARIZ. — A public-private partnership (P3) between the University of Arizona, Mortenson and Mortenson Development has broken ground on The Catalina, a 1,300-bed residence hall project on the institution’s campus in Tucson. The community is being developed utilizing tax-exempt financing through a partnership with the Collegiate Housing Foundation and RBC Capital Markets. The nine-story development will offer suite-style units alongside a dining hall upon completion, which is scheduled for fall 2028. Further details on the project were not released.

July 22, 2026

Acquisitions California Multifamily Western

JBT Property Management Sells 248-Unit Maroa Park Apartments in Fresno, California

by Amy Works July 22, 2026

FRESNO, CALIF. — JBT Property Management has sold Maroa Park Apartments, a 248-unit multifamily property in Fresno, to a private buyer for $44 million. Located at 475-585 W. Sierra Ave., Maroa Park features one- and two-bedroom units with an average size of 878 square feet. Otto Ozen, Brian Nakamura and Nazli Santana of The Mogharebi Group (TMG) represented the seller in the deal.

July 22, 2026

Development Multifamily Texas

Rosewood Begins Leasing 359-Unit Multifamily Project in San Antonio

by Taylor Williams July 21, 2026

SAN ANTONIO — Dallas-based Rosewood Property Co. has begun leasing a 359-unit multifamily project in the Alamo Heights area of San Antonio that represents Phase III of a larger development known as Tobin Estates. In addition to the 265 apartments that will be housed in four-story wraparound buildings, Phase III features 94 units with private garages within two four-story buildings. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, indoor and outdoor fitness centers, resident lounge and a rooftop deck. Project partners included Provident General Contractors, WDG Architecture, civil engineer Westwood and construction lender InterBank. Construction began in May 2024. Information on starting rents was not disclosed.

July 21, 2026

Development Multifamily North Carolina Southeast

Blue Heron Breaks Ground on 269-Unit Apartment Community in Raleigh

by John Nelson July 21, 2026

RALEIGH, N.C. — Blue Heron Asset Management has broken ground on Rosewood, a 269-unit apartment development located at 611 W. South St. in Raleigh. The locally based developer acquired the site earlier this year for nearly $12.9 million. The design-build team includes architect Cline, which is also providing interior design and landscape architecture services, as well as general contractor W.M. Jordan Co., civil engineer Withers Ravenal, MEP engineer Lighthouse Engineering and structural engineer EM Structural. Upon completion, which is expected for 2028, Rosewood will comprise two buildings and a central public plaza. Units will range in size from 499 to 1,531 square feet and amenities will include a sauna, cold plunge, coworking areas, rooftop lounge, speakeasy and 5,500 square feet of retail space along South Street.

July 21, 2026

Florida Loans Southeast Student Housing Uncategorized

JLL Secures $24M Refinancing for Student Housing Property Near University of Florida

by John Nelson July 21, 2026

GAINESVILLE, FLA. — JLL Capital Markets has secured a $24 million refinancing for The Row, a 182-bed student housing property located at 407 S.W. 13th St. near the University of Florida campus in Gainesville. Melissa Rose, Mike Brady and Christian Johnston of JLL represented the borrower, The Ardent Cos., in arranging the three-year, floating-rate loan through GID. The seven-story community offers shared amenities including a resort-style deck and reflective pool, fitness center and collaborative and independent study areas on each floor. The property also features 4,315 square feet of ground-floor retail space.

July 21, 2026

Loans Multifamily New York Northeast

Cushman & Wakefield Arranges $26.3M Loan for Refinancing of Bronx Apartment Building

by Taylor Williams July 21, 2026

NEW YORK CITY — Cushman & Wakefield has arranged a $26.3 million loan for the refinancing of The Bridgeline, a 91-unit apartment building in The Bronx. The 12-story building was completed in 2018 and offers amenities such as a fitness center, a resident lounge and a rooftop terrace. Brad Domenico, Frank Stanislaski and Ethan Thompson of Cushman & Wakefield arranged the two-year, fixed-rate loan through Webster Bank on behalf of the borrower, JCAL Development.

July 21, 2026

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