Multifamily

Amorosa Cos. Purchases 119-Unit Apartment Complex in Los Angeles

by Amy Works November 3, 2025

LOS ANGELES — Amorosa Cos. has acquired 9733 Topanga Canyon, a multifamily property located in the Chatsworth neighborhood of Los Angeles, from a private multifamily investment firm for $44 million, or $369,748 per unit. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Brian Eisendrath and Cameron Chalfant of IPA Capital Markets arranged $27.4 million in agency financing for the buyer. Constructed in 2009, 9733 Topanga Canyon features 119 apartments with open floor plans, nine-foot ceilings, full-size stackable washers/dryers, breakfast bars and private balconies. Community amenities include a large central courtyard, swimming pool, spa, dog run, package receiving lockers and covered bike storage.

November 3, 2025

Acquisitions California Multifamily Western

Advanced Real Estate Buys Multifamily Community in West Covina, California for $41M

by Amy Works November 3, 2025

WEST COVINA, CALIF. — Advanced Real Estate has acquired The Cove at West Covina, an apartment property located at 1829 E. Workman Ave. in West Covina, for $41 million. The buyer assumed a $21 million Freddie Mac loan with a fixed interest rate of 4.75 percent and full-term interest-only payments. Additional terms of the transaction were not released. The gated community features 138 apartments, two polos with cabanas, a fitness center, fire pits, garages and a large open landscaped area. Advanced plans to upgrade the property with the addition of in-unit washers and dryers, new cabinetry, flooring, fixtures, appliances, windows and a modern paint scheme. Advance’s in-house construction company, R3 Construction, and in-house management company, Advanced Management Co., will complete the upgrades. Shane Shafer, previously of Northmarq and now with Colliers, brokered the deal.

November 3, 2025

Development Iowa Midwest Multifamily Seniors Housing

Woda Cooper, Parallel Housing Break Ground on 52-Unit Affordable Seniors Housing Community in Iowa

by Kristin Harlow November 3, 2025

DAVENPORT, IOWA — Woda Cooper Cos. Inc. and co-developer Parallel Housing Inc. have broken ground on Timber Ridge, a 52-unit affordable housing community for seniors age 62 and older in Davenport. Units are targeted for renters who earn up to 60 percent of the area median income. The three-story building will offer 32 one-bedroom units and 20 two-bedroom apartments. Projected rents are $565 to $975 per month, depending on unit size and income restriction. Amenities will include a multipurpose room, dog park and outdoor seating. Timber Ridge will be ENERGY STAR certified. The City of Davenport approved a HOME loan as part of the project’s financing. Primary financing was supported by the allocation of 9 percent housing tax credits by the Iowa Finance Authority. KeyBank Community Development Lending and Investment provided the construction loan and tax credit equity investment. Cedar Rapids Bank & Trust is providing a permanent mortgage. Timber Ridge marks Woda Cooper’s eighth affordable housing community in Iowa and its first in Davenport. Hooker DeJong Inc. is the architect, Woda Construction Inc. is the general contractor and IMEG Corp. is the civil engineer. Woda Management & Real Estate LLC will handle leasing and property management.

November 3, 2025

Acquisitions Development Illinois Midwest Multifamily Office

eXp Commercial Arranges $1.5M Sale of Multifamily Redevelopment Site in Wheaton, Illinois

by Kristin Harlow November 3, 2025

WHEATON, ILL. — eXp Commercial, a division of eXp World Holdings Inc., has arranged the $1.5 million sale of a multifamily redevelopment property at 100 W. Roosevelt Road in Wheaton. The property includes two 12,000-square-foot office buildings on 1.2 acres. The buyer, a local developer, plans to redevelop the site into 22 multifamily units following successful rezoning from office to residential use. Randolph Taylor of eXp represented the undisclosed seller.

November 3, 2025

Florida Loans Multifamily Southeast Top Stories

J.P. Morgan, Sculptor Real Estate Provide $565M in Construction Financing for Downtown Miami Residential Tower

by Taylor Williams November 3, 2025

MIAMI — J.P. Morgan (NYSE: JPM) and Sculptor Real Estate have provided $565 million in construction financing for The Residences at 1428 Brickell, a 70-story multifamily tower in downtown Miami’s Brickell Financial District. The borrower is Ytech, a locally based luxury residential development firm led by Yamal Yidios. A breakdown of the financing package was not disclosed, but J.P. Morgan is the senior lender on the project, and Sculptor Real Estate is the junior lender. Melissa Rose and Brian Gaswirth of JLL arranged the debt on behalf of Ytech. Already under construction, The Residences at 1428 Brickell will offer 195 luxury condos, with for-sale prices starting at $4.4 million. Residences will range in size from 1,800 to 4,000 square feet, with select units having two-story layouts. All residences will feature Italian-made Arclinea kitchens, Rimadesio glass partitions, carved-stone tubs and premium OptiGray® glass glazing. The development will offer penthouse units that will range in size from 4,000 to 7,000 square feet, with prices starting at $10 million . The tower will also offer two $60 million upper penthouses that feature 30-foot ceilings, seven bedrooms, nine bathrooms and two balconies facing Biscayne Bay to the east. Residents will have access to more …

November 3, 2025

Development Multifamily Texas

Hillwood Breaks Ground on 410-Unit Multifamily Project at Frisco Station

by Taylor Williams October 31, 2025

FRISCO, TEXAS — Hillwood, the Fort Worth-based company that owns AllianceTexas, has broken ground on Bonham & Baker, a 410-unit multifamily project that will be located within the 242-acre Frisco Station mixed-use development on the northern outskirts of Dallas. Bonham & Baker will feature one- and two-bedroom apartments and two- and three-bedroom, two-story townhomes. Amenities will include a two pools, resident lounge and coffee bar, wine lounge, coworking space with private offices and a conference room, two fitness centers, a dog park, game room, wine bar, sports lounges and outdoor grilling and dining areas. Good Fulton & Farrell is serving as the project architect, and Rampart Multifamily is as general contractor. J.P. Morgan is financing construction. Preleasing is expected to begin in the spring of 2027, with the first units set to be available for occupancy in summer 2027. Full completion is slated for spring 2028.

October 31, 2025

Affordable Housing Development Multifamily Texas

Partnership Completes $33M Affordable Housing Project in West Houston

by Taylor Williams October 31, 2025

HOUSTON — A partnership that includes Blazer Real Estate Services, CVS Health and the Harris County Housing and Community & Development Department has completed Hartwood at Spring Shadows, a $33 million affordable housing project located in the Spring Branch area of West Houston. The 125-unit building offers 112 residences that are reserved for households earning between 30 and 60 percent of the area median income as well as 13 market-rate apartments. Residences come in one-, two- and three-bedroom floor plans, and amenities include a pool, outdoor grilling stations, dog park, playground, fitness center, package lockers, multi-purpose room, business center and a conference room. Mucasey & Associates designed the project, and Blazer Building served as general contractor. Other project partners include the Harris County Housing Finance Corporation (HCHFC), Amegy Bank, the Memorial Hermann Foundation and Boston Financial Investment Management.

October 31, 2025

Sarah-Neuman-Skilled-Nursing-Facility-Mamaroneck-New-York

Acquisitions Multifamily New York Northeast Seniors Housing

Kiser Group Negotiates $76M Sale of Skilled Nursing Facility in Mamaroneck, New York

by Taylor Williams October 31, 2025

MAMARONECK, N.Y. — Chicago-based brokerage firm Kiser Group has negotiated the $76 million sale of the 250-bed Sarah Neuman Skilled Nursing Facility in Mamaroneck, roughly 30 miles northeast of New York City. According to Kiser Group, the property was initially under contract for $84 million, but the first buyer had to withdraw from the transaction due to rising interest rates. Mark Myers led the Kiser Group team that arranged the sale. The seller was an undisclosed religious nonprofit organization. Myers also arranged interim financing on behalf of the buyer, including a $5 million loan, throughout the approval process.

October 31, 2025

Loans Multifamily New Jersey Northeast

Invictus Real Estate Provides $60M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams October 31, 2025

PLAINFIELD, N.J. — Invictus Real Estate Partners, a New York-based real estate private equity firm, has provided a $60 million construction loan for The Bishop, a multifamily project in the Northern New Jersey community of Plainfield. The site is located at 401 E. 3rd St., and the project, which represents Phase II of a larger development, will add 266 rental units to the local supply, as well as 10,000 square feet of retail space. Amenities will include an outdoor lounge, golf simulator, fitness center, game room, pool, screening room, children’s playroom and a pickleball court. Brian Anderson of Cushman & Wakefield arranged the loan through Invictus on behalf of the borrower, New Jersey-based developer Ramani Group.

October 31, 2025

Affordable Housing Development Multifamily New York Northeast Seniors Housing

Tredway Completes Renovation of 97-Unit Affordable Seniors Housing Complex in Brooklyn

by Taylor Williams October 31, 2025

NEW YORK CITY — Affordable housing owner-operator Tredway has completed the renovation of Greene Clermont Houses, a 97-unit affordable seniors housing complex in Brooklyn. Built in 1985, the seven-story complex is located in the borough’s Fort Greene neighborhood and houses units that are reserved for renters earning 50 percent or less of the area median income. Renovations upgraded units’ flooring, lighting, kitchens and bathrooms, and the community room has been enhanced to include a new kitchen, wellness room, nurse’s station and resident services coordinator office. Tredway partnered with the New York City Department of Housing Preservation and Development on the project, which also served to preserve the property’s affordability status for another 40 years.

October 31, 2025

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