Friday, April 10, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

DevelopmentFloridaLoansMultifamilySoutheast

Allen Morris Co. Obtains $83M Construction Loan for Bayside Sarasota Apartment Development in Florida

by John Nelson

SARASOTA, FLA. — The Allen Morris Co. has obtained an $83 million construction loan for Bayside Sarasota, a 349-unit apartment development in the city’s Rosemary District. Kennedy Wilson provided the loan. Alaska Permanent Fund Corp. (APFC) is Allen Morris’ partner on the development, which will sit adjacent to Sarasota’s $200 million Bay Park redevelopment project. Bayside Sarasota will comprise a 253-unit apartment community with 2,000 square feet of retail space and a separate 96-unit tower. The project will feature a mix of one-, two- and three-bedroom apartments and 50,000 square feet of amenities, including a rooftop pool deck, lobby restaurant, fitness center with a covered yoga terrace and a 24-hour concierge. The design-build team includes general contractor Brasfield & Gorrie, architect Dwell Design Studio and interior designer FlickMars. Longboat Group will operate Bayside Sarasota upon completion, which Allen Morris and APFC expect will be in fall 2026.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentSoutheastStudent HousingTennessee

Villas Student Housing, Student Quarters Break Ground on 605-Bed Community Near University of Tennessee

by John Nelson

KNOXVILLE, TENN. — A partnership between Villas Student Housing and Student Quarters has broken ground on a 605-bed student housing development across from the University of Tennessee campus in Knoxville. The 235,000-square-foot community will be located at the intersection of 1425 Rocky Shore Lane and 1440 Cityview Lane. The property will offer units in studio through five-bedroom configurations across two six-story buildings. Shared amenities will include a resort-style swimming pool, basketball court, fitness center and study spaces. The design-build team for the project includes Rhode Partners, Southern Building Group, DCI Engineers, Cannon & Cannon and V3 Consulting Engineers. The development is anticipated for completion in summer 2026.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyTexas

Thorofare Capital Provides Loan for Refinancing of Metro Austin Active Adult Community

by Taylor Williams

PFLUGERVILLE, TEXAS — Los Angeles-based Thorofare Capital has provided a bridge loan of an undisclosed amount for The Jovie at Pflugerville, a newly built, 182-unit apartment complex located on the northern outskirts of Austin. The age-restricted property offers 120 one- and two-bedroom units with an average size of 920 square feet. Amenities include a pool, fitness center, library, clubroom and bar, game room, private dining and event space and a coworking lounge. B.K. Newsom of CBRE arranged the loan on behalf of the borrower, regional developer Wilson Capital.  

Continue Reading
FacebookTwitterLinkedinEmail
Belle-on-Bev-2024-Los-Angeles-CA
CaliforniaDevelopmentMultifamilyWestern

Cityview Completes 243-Unit Belle on Bev Multifamily Project in Los Angeles’ Historic Filipinotown

by Amy Works

LOS ANGELES — Cityview has completed Belle on Bev, a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown (HiFi). Belle on Bev, originally announced in early 2023, features a mix of studio, one- and two-bedroom floorplans with Latch smart home systems including keyless entry and smart thermostats, luxury vinyl flooring, turnkey Wi-Fi and in-unit washers/dryers. The property also features 3,500 square feet of commercial space and 21 affordable housing units. Community amenities include a club room, pool courtyard and spa terrace and community garden courtyard. Cityview partnered with AC Martin, WPIC Construction and Nadia Geller Designs on the project.

Continue Reading
FacebookTwitterLinkedinEmail
M1byCLG-Los-Angeles-CA
CaliforniaDevelopmentMultifamilyWestern

California Landmark Group Delivers 100-Unit Apartment Complex in Los Angeles

by Amy Works

LOS ANGELES — California Landmark Group has completed M1byCLG, a multifamily development in Los Angeles’ Silver Lake submarket. Located at 1221 Myra Ave., the property features 100 apartments that are 60 percent leased. The unit mix includes junior and traditional one-, two- and three-bedroom floor plans along with several co-living suites. Each apartment features floor-to-ceiling windows, stone countertops, stainless steel appliances, in-unit washers/dryers, walk-in showers and private patios. Common area amenities include a fitness center, co-working space, and a rooftop deck with pool, spa, barbecues and unobstructed views of the Hollywood Hills. The six-story structure is built over a subterranean garage with parking and a lobby. PK Architecture provided design services for the development.

Continue Reading
FacebookTwitterLinkedinEmail
California-Villas-Concord-CA
AcquisitionsCaliforniaMultifamilyWestern

CBRE Arranges $9.1M Sale of California Villas Multifamily Property in Concord, California

by Amy Works

CONCORD, CALIF. — CBRE has brokered the sale of California Villas, an apartment community in Concord. A private buyer acquired the asset from a local private investor for $9.1 million. Located at 1621 Detroit Ave., California Villas features 23 one-bedroom units and 12 two-bedroom units, all of which have air conditioning with private balconies or patios. Built in 1966, the 24,958-square-foot property is situated on 0.91 acres. Community amenities include a pool, coin-operated laundry facility and a gated access. Nearly 70 percent of the units received significant interior upgrades, including new cabinets, vinyl plank flooring, granite countertops and stainless steel appliances. Recent exterior improvements include repair/replacement of all balconies, rebuilt patios, new paint/light fixtures and a renovated parking area. Keith Manson, Zachary Greenwood and Mac Watson of CBRE represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNevadaWestern

Northcap Commercial Brokers $1.8M Sale of Statz Street Apartments in North Las Vegas

by Amy Works

NORTH LAS VEGAS, NEV. — Northcap Commercial has brokered the $1.8 million sale of 2131 Statz Street Apartments, a multifamily asset located at 2131 Statz St. in North Las Vegas. The asset traded for $1.8 million, or $118,000 per unit. Built in 1963, the property features 15 units. Jerad Roberts, Robin Willett and Devin Lee of Northcap Commercial arranged the off-market transaction.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyNew JerseyNortheastStudent Housing

TSB Capital Advisors Arranges Refinancing for 696-Bed Student Housing Property Near Rutgers University

by Taylor Williams

NEW BRUNSWICK, N.J. — TSB Capital Advisors has arranged a loan of an undisclosed amount for the refinancing for VERVE, a 696-unit student housing community located near Rutgers University’s main campus in New Brunswick. Constructed in 2020, the community offers single- and double-occupancy units in studio through five-bedroom configurations. Shared amenities include a fitness center, private and group study lounges, gaming spaces, a private parking garage and indoor bike storage. The community also houses ground-floor retail space. An affiliate of QuadReal Property Group provided the fixed-rate loan, which features a future funding component, to the borrower, a joint venture between The Scion Group and PGIM Real Estate.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

Community Builders Breaks Ground on 53-Unit Affordable Housing Project in Central New Jersey

by Taylor Williams

NEW BRUNSWICK, N.J. — The Community Builders, a nonprofit multifamily developer, has broken ground on Stirlingside Residences, a 53-unit affordable housing project in the Central New Jersey community of New Brunswick. Stirlingside Residences will feature 13 three-bedroom units, 30 two-bedroom residences and 10 one-bedroom apartments, with six units set aside for families and individuals who previously experienced homelessness. The majority (47) of the units are reserved for households earning 60 percent or less of the area median income. Amenities will include a community room, fitness room and onsite laundry facilities. Delivery is scheduled for mid-2025.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAffordable HousingMassachusettsMultifamilyNortheast

Marcus & Millichap Brokers $5.3M Sale of Boston Workforce Housing Building

by Taylor Williams

BOSTON — Marcus & Millichap has brokered the $5.3 million sale of a 20-unit workforce housing building in the Dorchester area of Boston. The four-story building at 820-828 Blue Hill Ave. offers one-, two- and three-bedroom units across 21,410 square feet of space. Information on specific income restrictions was not disclosed. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts