Henderson Park, South Street Acquire 20,000-Acre Waterfront Resort Near Hilton Head

PALMETTO BLUFF, S.C. — Henderson Park Capital Partners and South Street Partners have formed a joint venture to acquire Palmetto Bluff, a 20,000-acre resort in Bluffton that is surrounded by 32 miles of riverfront. The price was not disclosed.Palmetto Bluff features nature trails; two village centers complete with river access, boat storage and a canoe club; dining options; the Montage Palmetto Bluff resort; and a Jack Nicklaus Signature Golf Course. The land includes available …

June 14, 2021Acquisitions, Development, Mixed-Use, Multifamily, South Carolina, Southeast

Michaels Organization Breaks Ground on $93.3M Affordable Seniors Housing Project in Downtown Honolulu

HONOLULU — The Michaels Organization, in partnership with the City and County of Honolulu and the State of Hawaii, has broken ground on Halewai`olu Senior Residences, an affordable seniors housing community in downtown Honolulu.Scheduled for completion in 2023, the 17-story development sits on a 26,925-square-foot parcel owned by the City and County of Honolulu. The property will feature 156 one- and two-bedroom affordable rental units.Construction of the $93.3 million project will be …

June 14, 2021Affordable Housing, Development, Hawaii, Multifamily, Seniors Housing, Western

Howard Hughes Developing Two New Projects in Las Vegas’ Summerlin Community

LAS VEGAS — The Howard Hughes Corp. has broken ground on two new projects at Summerlin in Las Vegas: 1700 Pavilion and Tanager Echo.Located directly south of the Las Vegas Ballpark, the 10-story 1700 Pavilion will feature 267,000 square feet of office space on three acres. The property will offer touchless entry from the garage to tenant suits and enhanced filtration throughout the building. Completion is slated for third-quarter 2022. The project team for 1700 Pavilion includes Hart …

June 14, 2021Development, Multifamily, Nevada, Office, Western

Bristol Development, Hallmark Partners Open 308-Unit Vista Brooklyn Apartments in Jacksonville

JACKSONVILLE, FLA. — Bristol Development Group and Hallmark Partners have opened Vista Brooklyn, an apartment community situated between Five Points and downtown Jacksonville.Located at 200 Riverside Ave. on the corner of Riverside Avenue and Jackson Street, Vista Brooklyn includes 308 units ranging from studios to three-bedroom apartments. The community offers common and coworking spaces and views of downtown Jacksonville and the St. Johns River. Community amenities include a rooftop …

June 14, 2021Development, Florida, Multifamily, Southeast

SWBC to Develop 540-Unit Multifamily Project in Metro Dallas

CELINA, TEXAS — Texas-based developer SWBC has acquired 24 acres at the intersection of Legacy Drive and Frontier Parkway in the northern Dallas suburb of Celina for the development of a 540-unit multifamily project. The first phase of the Class A property will consist of a 270-unit complex that will be designed by Cross Architects and branded The Royalton at Creeks of Legacy. Units will feature one-, two- and three-bedroom floor plans with an average size of 900 square feet. Amenities will …

June 14, 2021Development, Multifamily, Texas

The Multifamily Group Arranges Sale of Two San Antonio Properties Totaling 400 Units

SAN ANTONIO — The Multifamily Group (TMG), a Dallas-based brokerage firm, has arranged the sale of Limestone Oaks and Townhomes at Limestone Oaks, two multifamily properties totaling 400 units in northwest San Antonio. The properties were built in 1981 and 1984, respectively. Bryce Smith of TMG represented the seller and procured the buyer, both of which requested anonymity, in the

June 14, 2021Acquisitions, Multifamily, Texas

Western Wealth Capital Acquires 288-Unit Broadway Apartments in Metro Dallas

GARLAND, TEXAS — Western Wealth Capital, an investment firm based in Vancouver, has acquired the 288-unit Broadway Apartment Homes in the northeastern Dallas suburb of Garland. Built in 1982, the community features one- and two-bedroom units and amenities such as two pools, a fitness center and jogging trails. Bard Hoover, Nick Fluellen and David Fersing of Marcus & Millichap, along with Drew Kile and Joey Tumminello of Institutional Property Advisors, brokered the deal. The seller and …

June 14, 2021Acquisitions, Multifamily, Texas

BGL Arranges Loan for Refinancing of 151-Unit Apartment Building in Pittsburgh

PITTSBURGH — Brown Gibbons Lang & Co. (BGL) has arranged a loan of an undisclosed amount for the refinancing of Heinz at 950 North Shore, a 151-unit apartment building in downtown Pittsburgh. The four-story building was originally constructed in the 1930s as the headquarters of the H.J. Heinz Co. Asia Commercial Real Estate provided the financing to the borrower, MCM Co.

June 14, 2021Loans, Multifamily, Northeast, Pennsylvania

Trevian Capital Provides $6.4M Loan for Multifamily Building in Queens

NEW YORK CITY — Trevian Capital, a locally based direct lender, has provided a $6.4 million bridge loan for a 10-unit multifamily building located in the Astoria neighborhood of Queens. The funds will be used to pay off maturing construction debt and fund final cosmetic finishes. The name of the property and the borrower were not

June 14, 2021Loans, Multifamily, New York, Northeast

Kraus-Anderson Begins Construction of $20M Senior Living Facility in Sparta, Wisconsin

SPARTA, WIS. — Kraus-Anderson has begun construction of Rolling Hills, a $20 million senior living and rehabilitation center located at 14400 County Highway B in the western Wisconsin community of Sparta. Designed by Community Living Solutions LLC, the 80,000-square-foot property will feature 50 skilled nursing beds, 24 CBRF assisted living units and 24 RCAC assisted living apartments. CBRF refers to community-based residential facility, which is a place where five or more unrelated people …

June 14, 2021Development, Midwest, Multifamily, Seniors Housing, Wisconsin