Multifamily

Partnership to Develop 265-Unit Multifamily Project in Uptown Dallas

by Taylor Williams July 17, 2026

DALLAS — A partnership between Endeavor Real Estate Group and Canyon Partners Real Estate will develop Lucille, a 265-unit multifamily project that will be located at 2700 McKinney Ave. in Uptown Dallas. The 22-story building will feature below-grade parking and 10,000 square feet of retail space. Amenities will include a rooftop lounge with a pool, cabanas, a private dining room, outdoor grilling and dining stations, coworking space, a business center, fitness center and an indoor dog grooming spa. HKS designed the project, and Roger-O’Brien is serving as the general contractor. German bank Helaba is financing construction, which is expected to begin in the coming weeks and be complete in late 2028.

July 17, 2026

Acquisitions Multifamily Texas

Eastham Capital Sells 200-Unit Apartment Complex in Humble, Texas

by Taylor Williams July 17, 2026

HUMBLE, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Eagle Crest, a 200-unit apartment complex located in the northern Houston suburb of Humble. The garden-style property offers one- and two-bedroom units that range in size from 656 to 1,054 square feet. Amenities include a pool, fitness center and a clubhouse. Eastham acquired the property in 2017 in a joint venture with Mosaic Residential and implemented capital improvements. The buyer and sales price were not disclosed.

July 17, 2026

Development Multifamily Northeast Pennsylvania

Partnership Underway on 274-Unit Multifamily Project in Horsham, Pennsylvania

by Taylor Williams July 17, 2026

HORSHAM, PA. — A partnership between Pennsylvania-based Korman Communities, New York City-based RXR, Japanese asset manager Chuo Nittochi, Goodman Properties and CBG Building Co. is underway on construction of a 274-unit multifamily project in Horsham, a northern suburb of Philadelphia. Known as AVE Horsham, the property will offer studio, one- and two-bedroom units and amenities such as a pool, outdoor grilling and dining stations, coworking space, meeting rooms, game room and a golf simulator. Completion is slated for early 2028.

July 17, 2026

Development Midwest Multifamily Wisconsin

Nicholas & Associates to Build 263-Unit Luxury Apartment Community in Madison, Wisconsin

by Kristin Harlow July 17, 2026

MADISON, WIS. — Moyer Properties has selected Nicholas & Associates, the construction management and general contracting arm of the Nicholas Family of Cos., to build Aster Flats, a 263-unit luxury apartment community in Madison. The three-building property will be situated on 4.9 acres. Nicholas & Associates will break ground Aug. 18, with construction taking place in phases. Completion is slated for February 2028. Designed by HKM Architects + Planners Inc., Aster Flats will offer studio, one-, two- and three-bedroom units ranging in size from 588 to 1,395 square feet. Amenities will include a clubhouse with a community lounge, entertainment kitchen and fitness and yoga center, a luxury pet spa, indoor bike room and an outdoor heated pool with a grilling terrace and courtyard area. Each of the three buildings will have one or two levels of heated indoor parking.

July 17, 2026

Development Multifamily New York Northeast

Joint Venture to Develop 149-Unit Apartment Building in Manhattan’s SoHo District

by Taylor Williams July 17, 2026

NEW YORK CITY — A joint venture between Global Holdings and MAG Partners will develop a 149-unit apartment building in Manhattan’s SoHo district. The new building at 122 Varick St. will include 5,000 square feet of ground-floor retail space, and 25 percent of the units will be designated as permanently affordable under New York City’s 485-x program. The joint venture is developing the building via a ground lease with Trinity Church, which was represented by Kevin Donner of Cushman & Wakefield in the negotiations. A construction timeline was not announced.

July 17, 2026

District of Columbia Loans Multifamily Southeast

Cushman & Wakefield Arranges $56.6M Refinancing of Luxury Multifamily Community in D.C.

by Abby Cox July 17, 2026

WASHINGTON, D.C. — Cushman & Wakefield has arranged a $56.6 million loan to refinance The Ellington, a 190-unit luxury multifamily property located at 1301 U St. in Washington, D.C. John Alascio, Alex Hernandez, Marshall Scallan, Meredith Crawford and Will Wohlgemuth of Cushman & Wakefield secured the financing through New York Life Investors on behalf of the borrower, an affiliate of Atlanta-based Jamestown LP. Spanning nine stories tall, The Ellington comprises a mix of one- and two-bedroom apartments. Amenities include a fitness center, yoga studio, recreation room, coworking lounge, rooftop dog park, pet wash station, landscaped rooftop terrace and bike storage, along with 192 parking spaces. The site also includes more than 16,000 square feet of retail space, which is currently 93 percent leased to tenants including Street Markets, Roaming Rooster, 354 Restaurant and Eatopia Eatery. Since acquiring the property in 2018, Jamestown has invested more than $10.7 million in capital improvements, including upgrades to unit interiors, common areas and building systems.

July 17, 2026

Clarion-Collection-Arlington-Court-Suites

Development Hospitality Loans Multifamily Southeast Virginia

NewPoint Provides $34.6M Loan for Hotel-to-Multifamily Conversion Project in Arlington, Virginia

by Abby Cox July 17, 2026

ARLINGTON, VA. — NewPoint has provided a $34.6 million bridge loan for the acquisition and planned multifamily conversion of the Clarion Collection Arlington Court Suites, a 187-room, extended-stay hotel located in Arlington’s Rosslyn-Ballston corridor. Jacob Gabriel of NewPoint originated the financing on behalf of the borrower, Goodhomes Communities LLC. The bridge loan, which was used to finance the purchase of the hospitality property, includes future funding for capital improvements and is structured to support the borrower’s business plan to convert the asset into a multifamily community. Upon completion of the conversion, the property will offer a mix of studio, one-, two- and three-bedroom apartments. Goodhomes Communities LLC will announce the property’s new name at a later date. Clarion Collection Hotel Arlington Court Suites first opened as an apartment building in 1963.

July 17, 2026

Acquisitions California Multifamily Western

Prime Residential Purchases Palm Court Apartments in Los Angeles for $51.2M

by Amy Works July 17, 2026

LOS ANGELES — Prime Residential has purchased Palm Court Apartments, a 132-unit multifamily property located in the Miracle Mile neighborhood of Los Angeles, for $51.2 million, or $388,258 per unit. Jeff Louis, Gayle Factor and Elliot Sabag of Marcus & Millichap represented the the seller, a private investor, in the transaction. Matt Ziegler of Marcus & Millichap, along with Louis, Factor and Sabag, procured the buyer. Located at 740 S. Burnside Ave., Palm Court Apartments features 48 one-bedroom/one-bath units, 72 two-bedroom/two-bath units and 12 three-bedroom/two-bath units. Apartments include custom cabinetry, quartz countertops and stainless steel appliances. Community amenities include controlled-access gated parking, heated pool and spa, fitness center, saunas, rooftop sundeck and laundry facilities on each floor. The property was built in 1988.

July 17, 2026

Arizona Loans Multifamily Student Housing Western

TSB Capital Advisors Arranges Loan for Refinancing of 530-Bed Community Near Arizona State University

by Amy Works July 17, 2026

TEMPE, ARIZ. — TSB Capital Advisors has arranged a loan of an undisclosed amount for the refinancing of Atmosphere Tempe, a 530-bed student housing community located near the Arizona State University campus in Tempe. The floating-rate bridge loan was secured on behalf of the borrowers, Trinitas and Harrison Street Asset Management, through PGIM. Delivered in 2021, the high-rise building offers 252 units with bed-to-bath parity. Shared amenities include a rooftop pool and hot tub, resort-style sundeck with lounge seating, grilling stations, “state-of-the-art” fitness center, private study lounges, computer lounge and a coffee bar.

July 17, 2026

Acquisitions Multifamily Southeast Virginia

Capital Square Sells 2000 West Creek Apartments in Richmond for $115M

by John Nelson July 16, 2026

RICHMOND, VA. — Capital Square has sold 2000 West Creek, a 373-unit apartment community in Richmond, for $115 million. The locally based company purchased the property in 2019 in a Delaware statutory trust program (DST) for $103 million, giving the trust’s 115 exchange investors a 137 percent total return and more than $17.5 million in distributions during Capital Square’s seven-year hold period. Will Mathews, Thomas Leachman and William Dickinson of Colliers represented the undisclosed seller in the transaction. 2000 West Creek sits on 23 acres and offers one- and two-bedroom apartments and townhomes ranging in size from 774 to 1,246 square feet. Amenities include reserved and garage parking, rentable storage units, bike storage, a coffee bar, conference and meeting rooms, a community lounge and clubhouse, heated saltwater swimming pool, firepit, grilling stations, package and storage system, gift wrapping station, fitness center, dog park and pet spa, media lounge, billiards/game room and a convenience center.

July 16, 2026

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