Sunday, February 1, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

Affordable HousingDevelopmentFloridaMultifamilySoutheast

Pinnacle Opens 215-Unit Affordable Housing Community in South Miami-Dade County

by John Nelson

PRINCETON, FLA. — Miami-based Pinnacle has opened Pinnacle at Tropical Pointe, a new 215-unit affordable housing community located at 25155 S.W. 136th Ave. in Princeton, a city in south Miami-Dade County. The property features a mix of one- to four-bedroom apartments spread across six garden-style buildings, with amenities including a swimming pool, fitness center, business center and a playground. The community is designated for households earning up to 60 percent of the area median income. Pinnacle’s capital partners on the project included Bank of America, the Florida Housing Finance Corp., Miami-Dade County and Citibank.

Continue Reading
FacebookTwitterLinkedinEmail
Monte-Vista-Apts-Glendale-AZ
AcquisitionsArizonaMultifamilyWestern

IPA Negotiates $25.5M Sale of 208-Unit Monte Vista Multifamily Property in Glendale, Arizona

by Amy Works

GLENDALE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Monte Vista, an apartment community in Glendale. A workforce and affordable housing fund acquired the asset from a private seller for $25.5 million, or $122,596 per unit. Built in 1985, Monte Vista features 208 apartments, a swimming pool, laundry facility and covered parking. Apartments offer washer/dryer connections, dishwashers and walk-in closets. The average unit size is 787 square feet. Cliff David and Steve Gebing of IPA, along with Darrell Moffitt of Marcus & Millichap, represented the seller and procured the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLoansMultifamilySoutheast

PMG Secures $413M Construction Loan for One Twenty Brickell Residences in Miami

by John Nelson

MIAMI — PMG has secured a $413 million construction loan for One Twenty Brickell Residences, a two-tower condominium and apartment development located at 120 S.W. 8th St. in Miami’s Brickell Financial District. Christopher Peck, Brian Gaswirth, Nicco Lupo, Nick Lavin, Jimmy Calvo and Paul Adams of JLL arranged the financing through an Ares Real Estate fund and Monarch Alternative Capital. Andrew Warman, Jon Blank and Paton Marion of PMG’s capital markets team worked on the deal internally. PMG plans to break ground on One Twenty Brickell Residences the first week of May and complete the development in 2028. The condominium tower will rise 37 stories and house 266 fully furnished, for-sale condominiums, as well as 60,000 square feet of amenities that include an owner’s lounge, infinity-edge pool and an upscale fitness and wellness center that includes treatment rooms, a yoga lawn, outdoor terraces and a high-end fitness studio. The condos were 91 percent sold at the time of financing, and each condo owner will have a deed to an office suite. The multifamily high-rise, which will be operated by Sentral, will rise 41 stories and feature a mix of studio, one-, two- and three-bedroom apartments, as well as a 48,000-square-foot amenity …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaLoansMixed-UseMultifamilyRestaurantRetailSoutheast

CCI Real Estate Obtains $18M Construction Financing for Mixed-Use Project on Georgia Tech Campus in Atlanta

by John Nelson

ATLANTA — CCI Real Estate has obtained an $18 million construction loan for a mixed-use development at 740 Techwood Drive, which is on the Georgia Tech campus in Atlanta near Bobby Dodd Stadium. CCI is co-developing the 64,000-square-foot project, which will replace the existing Baptist Collegiate Ministries (BCM) location, with the Georgia Baptist Mission Board. Summerhill CRE arranged the financing through locally based Southern States Bank on behalf of the borrower. Set to break ground this summer and open in summer 2027, the five-story project will offer 12,000 square feet of retail and student gathering space on the ground level, as well as 55 one- and two-bedroom residences, upgraded ministry facilities, an onsite coffeeshop and additional lounge space. CCI is also redeveloping existing BCM locations at the University of Georgia in Athens and Georgia Southern University in Statesboro.

Continue Reading
FacebookTwitterLinkedinEmail
One-Sunset-Brooklyn
DevelopmentMultifamilyNew YorkNortheast

Partnership Nears Completion of 187-Unit Multifamily Project in Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between Ailanthus, BEB Capital and SK Development is nearing completion of a 187-unit multifamily project in Brooklyn’s Sunset Park neighborhood. Designed by dencityworks | architecture with interiors by Alchemy Studio, the 14-story building at 201 East 25th St. will be known as One Sunset. Residences will come in one-, two- and three-bedroom floor plans, with 46 units reserved as affordable housing. Amenities will include a fitness center, game/media room, coworking lounge, private dining/entertainment areas and a rooftop garden. Completion is slated for the fall.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMultifamilyWisconsin

MMCC Secures $10.1M Loan for Refinancing of Wisconsin Multifamily Property

by Kristin Harlow

EAU CLAIRE, WIS. — Marcus & Millichap Capital Corp. (MMCC) has secured a $10.1 million loan for the refinancing of Alto Station Apartments in Eau Claire within western Wisconsin. The newly built apartment community is pre-leasing now and is slated to open in 2026, according to the property’s website. The 88-unit building is located at 325 Main St. and features a mix of studio to two-bedroom floor plans. Amenities include a fitness center, clubhouse, rooftop terrace and bike storage. Robert Bhat of MMCC arranged the loan with a local credit union on behalf of the private buyer. The loan features an interest rate of 6.75 percent and a 75 percent loan-to-cost ratio.

Continue Reading
FacebookTwitterLinkedinEmail
Industrial geoffrey moffett unsplash
Content PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesMidwestMultifamilyNortheastOfficeRetailSoutheastTexasUncategorizedWestern

Lee & Associates: Tariffs Add to Q1 Industrial Challenges; All Sectors See Constrained Development

by Sarah Daniels

The end of the first quarter of 2025 saw market uncertainty in the face of new U.S. trade and tariff policies combined with an unclear geopolitical outlook, according to Lee & Associates’ 2025 Q1 North America Market Report. The effect of these concerns within the commercial real estate world are most evident in the industrial sector, which is also contending with oversupply and softening rent growth. Development is slow across property types. Retail, despite high-profile store closures in early 2025, remains historically tight on space as years of underbuilding keep availabilities near record lows. Office demand has stabilized in several major metros following years of contraction, though vacancy remains elevated. The pipeline of new construction is both drying up and favoring new types of tenants beyond traditional office spaces. Multifamily is seeing strong tenant demand in certain markets despite a flood of new deliveries. Lee & Associates has made their full market report available here (click through for detailed breakdowns and city-by-city information). The information below for the industrial, office, retail and multifamily sectors offers clarity on market-wide demand, rent growth trends and challenges likely to shape trajectories throughout 2025. Industrial Overview: Soft Markets Face Tariff Disruptions North America’s industrial markets …

Continue Reading
FacebookTwitterLinkedinEmail
Westmount-at-Forest-Oaks-Arlington
AcquisitionsMultifamilyTexas

Westmount Realty Capital Sells 164-Unit Apartment Complex in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Dallas-based investment firm Westmount Realty Capital has sold a 164-unit apartment complex in Arlington. Built on 7.4 acres in 1980, Westmount at Forest Oaks is a garden-style property that offers one- and two-bedroom units with an average size of 736 square feet. Amenities include a pool, playground and a fitness center. Westmount bought the property in 2016 and undertook renovations. William Hubbard, Michael Ware, Taylor Hill, Drew Kile and Joey Tumminello of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented Westmount in the transaction. The team also procured the undisclosed buyer, which plans to further implement capital improvements. 

Continue Reading
FacebookTwitterLinkedinEmail
Livana-East-Hanover
DevelopmentMultifamilyNew JerseyNortheast

Kushner Begins Leasing 265-Unit Apartment Complex in East Hanover, New Jersey

by Taylor Williams

EAST HANOVER, N.J. — Locally based developer Kushner has begun leasing Livana East Hanover, a 265-unit multifamily project in the Northern New Jersey community of East Hanover. The community features a mix of one- to three-bedroom residences across four buildings and includes 53 affordable housing units. The amenity package comprises a pool, grilling stations, outdoor gaming area, fitness center with a yoga studio, theater room, residents-only clubroom, a conference room and coworking facilities. Construction began in June 2022. Rents start at $2,500 per month for a one-bedroom apartment.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentSoutheastStudent HousingVirginia

Subtext, Kayne Anderson Break Ground on 1,332-Bed Student Housing Development Near University of Virginia

by John Nelson

CHARLOTTESVILLE, VA. — A joint venture between Subtext and Kayne Anderson Real Estate has broken ground on VERVE Charlottesville, a 1,332-bed student housing project located adjacent to the University of Virginia campus at 100 Stadium Road in Charlottesville. The 12-story community will span 729,262 square feet and offer 463 units in studio, one-, two-, three- and four-bedroom floorplans. Amenities will include a fireside lobby lounge, coffee café, two-story fitness and wellness center, multi-sport gaming lounge, F1 driving simulator, pool terrace, dog spa and pet park, makerspace, an outdoor fitness lawn and dedicated library and study spaces. The joint venture will also contribute $6.8 million to the Charlottesville Affordable Housing Fund as part of its development agreement with the City of Charlottesville. The development team for the project includes John Moriarty & Associates, Sumitomo Mitsui Banking Corp., ESG Architecture & Design, Wolf Ackerman Design, AJC Design Group, SK&A and Timmons Group. VERVE Charlottesville is slated for completion in summer 2027.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts