Wednesday, November 5, 2025
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Multifamily

6555-N-Pecos-Rd-North-Las-Vegas-NV
Affordable HousingDevelopmentMultifamilyNevadaWestern

NRP Group Breaks Ground on 105-Unit Affordable Housing Community in North Las Vegas

by Amy Works

NORTH LAS VEGAS, NEV. — The NRP Group has broken ground on North & Valley, an affordable housing development in North Las Vegas. Completion is slated for April 2027. The community will offer 105 units reserved for tenants earning between 50 and 60 percent of the area median income. According to the City of North Las Vegas, residents’ average yearly income is $75,459. The development site spans 5 acres and will comprise two four-story buildings with a mix of one-, two- and three-bedroom residences. Amenities will include a resort-style pool, a rooftop terrace lounge on the fourth floor with seating and views, and an outdoor playground. Financing for North & Valley includes tax credit equity from US Bank, a construction-to-permanent loan from Deutsche Bank, funds from the Nevada Housing Division, Clark County HOME and CHF funds, and City of North Las Vegas HOME funds. By the end of this year, The NRP Group will have broken ground on approximately 1,200 units across four developments in the Las Vegas market.

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DevelopmentIllinoisMidwestMultifamily

Conor, LCI to Develop 138-Unit Luxury Apartment Complex in Downers Grove, Illinois

by Kristin Harlow

DOWNERS GROVE, ILL. — Conor Commercial Real Estate and LCI Development Partners, in partnership with Bailard, have unveiled plans to develop a 138-unit luxury apartment complex in the Chicago suburb of Downers Grove. The six-story project at 750 Curtiss St. will be a three-minute walk to the Main Street Metra Station and two blocks from the Main Street commercial corridor. Units will average 851 square feet. Amenities will include a coffee bar, clubroom, fitness center, coworking hubs, a pool, dog wash and parking garage. The project team includes SGW Architecture & Design and McShane Construction Co. Completion is slated for spring 2027.

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AcquisitionsIndianaMidwestMultifamily

Marcus & Millichap Brokers $4.3M Sale of River Shore Apartments in South Bend, Indiana

by Kristin Harlow

SOUTH BEND, IND. — Marcus & Millichap has brokered the $4.3 million sale of River Shore Apartments in South Bend. The 48-unit multifamily property was built in 1969 on 2.1 acres. Of the 48 units, 39 have been renovated and 44 are two-bedroom floor plans. Amenities include a dog park, car ports and small storage compartments. The asset is located one mile from Indiana University South Bend and Bethel College. Jack Friskney, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the South Bend-based seller and procured the Detroit-based buyer.

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Alden-Park-Kingsland-Houston
LoansMultifamilyTexas

Dwight Capital Provides $59M HUD-Insured Loan for West Houston Apartment Community

by Taylor Williams

HOUSTON — New York City-based Dwight Capital has provided a $59 million HUD-insured loan for Alden Park Kingsland, a 423-unit apartment community in West Houston. The garden-style property comprises 10 three-story residential buildings, a community clubhouse, a mail kiosk building and a car center/maintenance building. Units come in one-, two- and three-bedroom floor plans, according to the property website. Amenities include a pool, fitness center, resident lounge, business center, dog park and outdoor grilling and dining stations. Evan Fromen of Dwight Capital originated the financing through HUD’s 223(f) program. The borrower was not disclosed.

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DevelopmentSouth CarolinaSoutheastStudent Housing

Stratus Development Completes 60-Bed Student Housing Property Near University of South Carolina

by John Nelson

COLUMBIA, S.C. — Stratus Development Group has completed Pickens Corner, a 60-bed student housing community situated a few blocks from the University of South Carolina (USC). The Georgia-based developer has also fully leased the development, which comprises three-bedroom townhomes that each have 3.5 bathrooms and upscale finishes including granite countertops, recessed lighting and stainless steel appliances. Pickens Corner is located in Columbia’s Rosewood neighborhood near the city’s Five Points area and Williams-Brice Stadium, home football arena of the USC Gamecocks.

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AcquisitionsMultifamilyNew JerseyNortheastUncategorized

Marcus & Millichap Brokers $4.6M Sale of Hoboken Apartment Building

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $4.6 million sale of an apartment building located at 719 Willow Ave. in Hoboken. The building consists of nine apartments and one ground-floor commercial space that is newly renovated and is leased to a laundromat operator. Jonathan Zamora of Marcus & Millichap brokered the deal. The buyer and seller were not disclosed.

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AcquisitionsDevelopmentMultifamilyNew JerseyNortheast

Weiss Realty Sells Multifamily Development Site in Fort Lee, New Jersey, for $1.8M

by Taylor Williams

FORT LEE, N.J. — Locally based firm Weiss Realty has sold a multifamily development site in the Northern New Jersey community of Fort Lee for approximately $1.8 million. The 13,700-square-foot site at 2130 Center Ave. is approved for the development of 24 new units. Bruce Elia of Keller Williams represented both Weiss Realty and the buyer, local developer Scott Heagney, in the transaction.

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AcquisitionsArizonaMultifamilyWashingtonWestern

TruAmerica Acquires Two Multifamily Communities in Seattle, Phoenix Metro Areas

by Amy Works

LAKE SAMMAMISH, WASH., AND CHANDLER, ARIZ. — TruAmerica Multifamily has acquired two apartment properties in Lake Sammamish and Chandler, adding 423 units to its Pacific Northwest and Southwest portfolios. Located in Lake Sammamish, Archstone Redmond Lakeview offers 166 garden-style apartments and 45 income-generating boat slips. TruAmerica plans to rebrand and renovate the community, which was built in 1987, as The Docks at Redmond Lakeview. Eli Hanacek, Kyle Yamamoto and Mark Washington of CBRE facilitated the transaction. Situated in Chandler, Park Tower Apartments & Townhomes features 180 garden-style apartments built in 1986 and 77 condominium-quality townhomes built in 2017. TruAmerica will combine the two properties and rebrand the community as Parkland Commons. Chris Canter, Brad Goff and Brett Polachek of Newmark, along with Dan Cheyne of Berkadia, arranged the off-market transaction. Mitch Clarfield, Meghan Varga and Garrett Swanky of Newmark facilitated financing for the deal.

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AcquisitionsIllinoisMidwestMultifamily

Greenstone Partners Arranges $2.3M Sale of Chicago Apartment Building

by Kristin Harlow

CHICAGO — Greenstone Partners has arranged the $2.3 million sale of 1151 West Erie Street, a nine-unit multifamily property located at the edge of Chicago’s West Town and Fulton Market neighborhoods. The building went under contract within the first week of marketing. Jordan Multack of Greenstone represented the seller, a Chicago-based private investor group, as well as the buyers, a pair of locally based 1031 exchange investors.

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InterFace-Seniors-Housing-Southeast-Design-Build-Panel
Conference CoverageDevelopmentFeaturesSeniors HousingSoutheast

InterFace Panel: Seniors Housing Design Blends Hospitality, Technology for Next Generation of Residents

by Abby Cox

ATLANTA — As the demand for “age appropriate” living solutions continues to rise, seniors housing real estate is evolving rapidly. Modern developments are moving beyond the scope of previous institutional models that are stuck in the past and accelerating forward into physical environments that promote dignity, independence and community for the next generation of residents. The new wave of seniors housing residents are individuals who often have different expectations, lifestyles and needs compared to previous generations when it comes to their housing options. Whether it is a tech-savvy grandmother or a health-conscious grandfather, each generation of seniors finds aspects of life that they value more than their predecessors. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Health and wellness is an especially important component of seniors housing developments coming on line, as today’s older adults are living longer, staying more active and placing significance on quality of life. Connie Wittich, founding principal and CEO of Metropolitan Studio, highlighted that people want to live in beautiful places that focus on mental health and wellness, specifically. “We receive a lot of …

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