NORTH BERGEN, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $6.8 million sale of 2Six Apartments, an 18-unit multifamily building in North Bergen, located across the Hudson River from Manhattan. The three-story building houses six one-bedroom units and 12 two-bedroom units that were fully occupied at the time of sale. Davis Briones of Kislak brokered the deal. The buyer and seller were not disclosed.
By Garrett Karam, chief investment officer, EMBREY The Texas Stock Exchange (TXSE) represents the most serious attempt in 55 years to challenge the NYSE-Nasdaq duopoly and signals something that has not happened in generations: New York City’s monopoly on exchange infrastructure now has a credible challenger. As the TXSE prepares to launch in phases through 2026, EMBREY, a San Antonio-based investment and development firm, shares insights on how the exchange could further reinforce Dallas-Fort Worth’s (DFW) emergence as one of the country’s most important financial and economic centers. We also consider the direct implications for long-term economic growth and multifamily demand correlated to the launch of TXSE. Announced in 2024 and approved by the SEC in 2025, the TXSE has already raised more than $270 million from institutions including BlackRock, Citadel Securities, J.P. Morgan, Goldman Sachs, Bank of America and Charles Schwab. The exchange’s pitch to public companies centers around lower listing costs, fewer prescriptive requirements and a governance framework designed for operators. Combined with the state’s broader efforts to position itself as an increasingly attractive destination for business and corporate investment, the TXSE reinforces a larger shift already underway across North Texas. The exchange arrives at a time in …
NEW YORK CITY — Locally based developer Naftali Group, along with Access Real Estate, the real estate investment arm of Access Industries, has secured $374 million in refinancing for Phase I of Williamsburg Wharf, an 850-unit multifamily project under development in Brooklyn. Upon completion, Williamsburg Wharf will comprise five 22-story luxury towers consisting of 850 residences, with a mix of condos and rental homes. The property will span approximately 1 million square feet. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the financing through Barings to refinance Two, Three and Four Williamsburg Wharf. Since opening last summer, more than 90 percent of the roughly 500 apartments are leased. One Williamsburg Wharf, the project’s condominium component, has also welcomed residents. “Williamsburg Wharf offers truly unprecedented waterfront living in New York City, and we’re thrilled to see our vision come to life and how quickly renters and buyers have embraced it,” says Miki Naftali, CEO and chairman of Naftali Group. “We remain incredibly optimistic about the long-term future of this development and our role in the continued evolution of the Williamsburg waterfront.” Each building offers private entrances and …
SAN JOSE, CALIF. — Silicon Valley Initiative Partnership has received $74.1 million in financing for the conversion of the historic Bank of Italy building, located at 12 S. 1st St. in downtown San Jose, into a mixed-use residential and retail property. Deutsche Bank provided the financing. Originally constructed in 1926, the 13-story office tower will be transformed into a 126,000-square-foot multifamily and commercial space. The residential portion will feature 109 studio, one- and two-bedroom, market-rate apartments complemented by a fitness center, lounge and an outdoor terrace. Dave Karson, Chris Moyer, Alex Lapidus and Chris Meloni of Cushman & Wakefield arranged the financing on behalf of of the borrower.
UPLAND, CALIF. — WMC Commercial Properties has purchased Upland Village Green, a multifamily community in Upland, from an undisclosed seller for $48.5 million. Kevin Green, Joseph Grabiec, Chris Zorbas and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Upland Village Green features 24 residential buildings with electronic access entry gates, a swimming pool, spa and sundeck. Apartments feature open floor plans, private patios or balconies and illuminated ceiling fans.
NEW YORK CITY — The Dermot Co., a locally based owner-operator, has received a $355 million loan for the refinancing of 21 West End Avenue, a 616-unit apartment tower on Manhattan’s Upper West Side. Dermot completed the 48-story building, which includes 127 affordable housing units, in 2016. Residences come in studio, one-, two- and three-bedroom floor plans, and amenities include an indoor pool, fitness center, resident lounge, game room, rooftop terrace, children’s playroom and a pet run. Mizuho Americas provided the financing, specific terms of which were not disclosed.
PORTLAND, ORE. — Guardian has purchased Ladd Tower, an apartment building located at 1300 S.W. Park Ave. in downtown Portland, for an undisclosed price. Josh McDonald and Joe Nydahl of CBRE, along with Jesse Weber and Andrew Behrens of CBRE’s Debt & Structured Finance team, represented the buyer and undisclosed seller in the deal. The 23-story Ladd Tower features 332 Class A apartments and is adjacent to the South Park Blocks and within walking distance of Portland State University, public transit and major downtown employers.
NORTH MIAMI, FLA. — A joint venture between affiliates of Cantor Fitzgerald Asset Management (CFAM), the investment and asset management division of Cantor Fitzgerald, and RPM Living, have acquired Biscayne Shores, a 380-unit waterfront multifamily community located in North Miami. Miami-based Integra Investments, in partnership with Andrew Korge of Korgeous Group and David Larson of DCL Capital, developed the property in 2024. The purchase price was $151 million, according to various media outlets. Spanning 8.2 acres, the 15-story tower comprises 288 apartments and 92 townhomes ranging in configuration from studios to three-bedroom units. Biscayne Shores also offers approximately 15,000 square feet of amenity space that includes a fitness center, swimming pool, children’s playroom and a rooftop terrace.
TAMPA, FLA. — Aventon Cos. has broken ground on Aventon Eva, a 270-unit multifamily development located at the intersection of Little and Decubellis roads in Tampa. The developer will begin leasing the three-story, garden-style complex in July 2027. Aventon Eva will offer one-, two- and three-bedroom floorplans, as well as a resort-style swimming pool, clubhouse with dedicated remote workspace, pet spa and a 24/7 fitness center. The property marks Aventon’s third ground-up community in the Tampa Bay region. The project team includes Cormia Design (architect) and Studio 5 Interiors (interior designer).
MT. JULIET, TENN. — Alliance Residential has purchased 10 acres within McFarland Farms, a 110-acre mixed-use project in Mt. Juliet, approximately 17 miles east of Nashville. The Scottsdale, Ariz.-based developer plans to build a 312-unit apartment community on the site. Eric Deems and George Schubert of Atlanta-based Land Advisors Organization represented Alliance Residential in the land transaction. Further details of the multifamily development were not released. In addition to the new apartments, McFarland Farms will include a town center that compromises a mix of 184 townhomes and 175 single-family homes, as well as 35,000 square feet of commercial space for restaurants, retail and entertainment uses; a 4,300-square-foot public greenway; dog park; and a community amphitheater. The five-phase development, which broke ground in early 2025, is being developed by Tulit Investment and is expected to be fully delivered in 2030.