Saturday, January 24, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

The-Retreat-at-Westerly-State-College
DevelopmentMultifamilyNortheastPennsylvaniaStudent Housing

Landmark, Golden Primera to Develop 546-Bed Student Housing Community Near Penn State University

by Taylor Williams

STATE COLLEGE, PA. — A joint venture between Georgia-based Landmark Properties and Golden Primera will develop a 546-bed student housing community near the Penn State University campus in State College. The 11.2-acre site is located at 418-428 Westerly Parkway, and the cottage-style property will be known as The Retreat at Westerly. The community will offer 142 units in two- and five-bedroom configurations with bed-to-bath parity. The property will also feature a 10,500-square-foot amenity area with a pool, pickleball court, sauna, cold plunge, jumbotron, fitness center, multi-sport simulator, study lounges, grilling and fire pit areas and additional green space for outdoor recreation. A construction timeline was not announced.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMassachusettsMultifamilyNortheast

MassDevelopment Provides $21.4M in Bond Financing for Worcester Affordable Housing Complex

by Taylor Williams

WORCESTER, MASS. — MassDevelopment has provided $21.4 million in tax-exempt bond financing for a 73-unit, 16-building affordable housing complex in Worcester. The owner, Worcester Common Ground, will use proceeds to renovate the complex, which houses units that are reserved for renters earning between 30 and 60 percent of the area median income, and preserve its affordability status. Improvements will include the replacement and upgrading of electrical, mechanical and plumbing systems, as well as the renovation of kitchens and bathrooms. Roofs will also be replaced, and four fully accessible units will also be created. Construction is underway and is expected to be complete in spring 2027.

Continue Reading
FacebookTwitterLinkedinEmail
The-Noc-Frisco
DevelopmentMultifamilyTexas

Wilks Development Underway on 187-Unit Multifamily Project at Firefly Park in Frisco

by Taylor Williams

FRISCO, TEXAS — Wilks Development, the master developer behind the 217-acre Firefly Park mixed-use development in Frisco, is underway on construction of The Noc, a 187-unit multifamily project. Designed by Hord | Coplan | Macht, The Noc will offer studio, one-, two- and three-bedroom floor plans. Amenities will include a pool, fitness center, coworking and conference spaces, a dog spa and a resident lounge with golf simulators. Andres Construction is the general contractor for the project, construction of which is being financed through a HUD-insured loan that was originated by San Antonio-based Mason Joseph Co. Vertical construction began in late September, and completion is slated for fall 2027.

Continue Reading
FacebookTwitterLinkedinEmail
The-Morgan-at-Provost-Square-Jersey-City
AcquisitionsMultifamilyNew JerseyNortheast

JLL Negotiates Sale of 417-Unit Apartment Building in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — JLL has negotiated the sale of The Morgan at Provost Square, a 417-unit apartment building in Jersey City. Built in 2016, the 38-story building houses studio, one-, two- and three-bedroom units with an average size of 876 square feet, as well as penthouses on the top two floors. The Morgan at Provost Square also features approximately 12,700 square feet of retail space and a seven-story parking garage with 372 covered spaces. Amenities include a rooftop pool, fitness center, a sky lounge with a private conference room, an outdoor courtyard, pet spa and multiple coworking spaces. Jose Cruz, Michael Oliver, Steve Simonelli, Ryan Robertson, Elizabeth DeVesty and Austin Pierce of JLL represented the seller, a joint venture that included Toll Brothers Apartment Living, in the transaction. JLL also advised the buyer, private equity real estate firm Rockpoint.

Continue Reading
FacebookTwitterLinkedinEmail
The-Overlook-Camp-Hill-Pennsylvania
AcquisitionsMultifamilyNortheastPennsylvania

Berkadia Arranges Sale of 288-Unit Overlook Apartments in Camp Hill, Pennsylvania

by Taylor Williams

CAMP HILL, PA. — Berkadia has arranged the sale of The Overlook, a 288-unit apartment community located outside of Harrisburg in Camp Hill. Built in 2012, The Overlook offers one- and two-bedroom units across six buildings. Amenities include a fitness center, yoga studio, pool, business center, dog park, outdoor grilling and dining stations and a clubhouse. Zac Pierce, Matt Stefanski and Maura Spellman of Berkadia represented the undisclosed seller in the transaction. The buyer was locally based investment firm The Apartment Gallery. The Overlook was 97.5 percent occupied at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLoansMultifamilyNorth CarolinaSoutheast

Mesa West Capital Provides $69.8M Acquisition Loan for Charlotte Apartment Community

by John Nelson

CHARLOTTE, N.C. — Mesa West Capital has provided a $69.8 million acquisition loan for Loft One35, a 298-unit multifamily community located at 135 W. Morehead St. in Charlotte’s South End neighborhood. The borrower, a joint venture between Hillridge Capital and Broad Creek Capital, will use a portion of the loan proceeds to fund capital improvements, including exterior paint, upgraded common spaces and interior renovations for select units. Chris Campbell, Matt Brody, Daniel Allman and Catherine Reinecker of Eastdil Secured arranged the five-year, floating-rate loan on behalf of the borrower. Loft One35 features studio, one- and two-bedroom apartments, as well as two-story townhomes and lofts. Amenities include a resort-style pool, outdoor courtyard with fire pit and barbecue stations, pet spa, coffee bar and bike storage.

Continue Reading
FacebookTwitterLinkedinEmail
Friendship-Village-Tempe-AZ
ArizonaDevelopmentMultifamilySeniors HousingWestern

LCS Development Underway on Third Phase of Renovations at 50-Acre CCRC in Tempe, Arizona

by Amy Works

TEMPE, ARIZ. — LCS Development is underway on the third phase of a master-planned renovation at Friendship Village Tempe, a 50-acre continuing care retirement community located in Tempe.  Construction has begun on the phase, which will include the removal of an existing structure and the addition of a new, five-story building. Upon completion, which is planned for the fourth quarter of 2027, the building will total 175,900 square feet with 69 independent living apartments, two guest suites and below-grade parking. Units in the building will range in size from 909 to 2,396 square feet. Amenities will include a Del Fuego restaurant and lounge, duckpin bowling lanes, a spa and clinic space, clubrooms and a group exercise area. The building will also offer access to amenities located within other parts of the campus, which include rooftop pickleball courts and Starfire, a full-service rooftop restaurant and microbrewery.  Friendship Village Tempe was originally built in 1980, with the revitalization project beginning in 2019. Ryan Cos. US Inc. is serving as the general contractor for all phases of the renovation. Ryan A+E, the design studio of Ryan Cos., has served as the architect for all three phases. Six total phases of renovation are planned at …

Continue Reading
FacebookTwitterLinkedinEmail
Atrium-Garden-San-Jose-CA.jpg
AcquisitionsCaliforniaMultifamilyWestern

Marcus & Millichap Brokers Sale of 160-Unit Atrium Garden Multifamily Property in San Jose

by Amy Works

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of Atrium Garden, an apartment property in San Jose. The property traded for $18.5 million, or $115,531 per unit. The names of the seller and buyer were not released. Mitchell Zurich, Kirk Trammell and Joshua Johnson of Marcus & Millichap represented the seller and procured the buyer in the deal. Constructed in 2000, the four-story Atrium Garden features 159 studios and a one-bedroom manager’s apartment. Studios are furnished with a bed, bedside table and lamp, lounge chair, built-in desk and chair, TV, microwave, mini-fridge and a stove or hotplate. Community amenities include a leasing office, fitness center, media rooms, resident lounges, community kitchens, laundry facilities and an outdoor barbecue and lounge area.

Continue Reading
FacebookTwitterLinkedinEmail
Rivergate-Apts-Sacramento-CA
AcquisitionsCaliforniaMultifamilyWestern

Newmark Arranges Sale of 126-Unit Rivergate Apartments in Sacramento

by Amy Works

SACRAMENTO, CALIF. — Newmark has arranged the sale of Rivergate Apartments, a 126-unit property at 900 Simon Terrace in West Sacramento. Will Blucher and Wills Vlasek of Newmark represented the seller, McCarty Sacramento Property LLC, in the disposition to a private buyer, IMG II, LLC. The acquisition price was not released. Rivergate is approximately three miles from Sacramento’s central business district and offers 72 one- and 54 two-bedroom floor plans across 10 two-story buildings on a 3.6-acre parcel. Amenities include a gated pool, standalone leasing office, common area laundry facilities and interior courtyards.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamily

Kiser Group Brokers Two Multifamily Sales Totaling $31.5M in Chicago

by Kristin Harlow

CHICAGO — Kiser Group has brokered two multifamily sales in Chicago for a total of $31.5 million. The first transaction, brokered by Lee Kiser, Aaron Sklar and Noah Birk, involved a portfolio of three multifamily properties in Hyde Park: Campus Court Apartments (58 units), The Victorian (64 units) and Woodlawn House (85 units). At closing, the portfolio was more than 95 percent occupied. The second transaction, brokered by Lee Kiser, Andy Friedman and Jake Parker, was the sale of The Annabelle, a property in the Lakeview neighborhood with an occupancy of 93.6 percent. The asset sold for $7.8 million. The value-add property is located within walking distance of Wrigley Field.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts