Multifamily

Marcus & Millichap Negotiates $9.7M Sale of Affordable Housing Property in Oakland

by Amy Works July 8, 2026

OAKLAND, CALIF. — Marcus & Millichap has negotiated the $9.7 million sale of Garden Villas, an affordable housing property located at 1256 99th Ave. in Oakland. Adam Levin of Marcus & Millichap’s Levin Johnston team represented the undisclosed seller and procured undisclosed buyer in the deal. Constructed in 1943, Garden Villas consists of 18 four-plex buildings offering a total of 73 one- and two-bedroom units. Community amenities include a leasing office, laundry facility, recreation space, onsite manager’s residence and private parking. More than half of the units have been renovated with updated kitchens and interiors, dishwashers, vinyl plank flooring, tiles and other modern finishes.

July 8, 2026

Development Multifamily South Carolina Southeast

Woodfield to Begin Construction on 285-Unit Apartment Community in Charleston

by John Nelson July 8, 2026

CHARLESTON, S.C. — Woodfield Development plans to soon break ground on Westbourne Ashley Landing, a 285-unit apartment community in Charleston. The property will serve as the multifamily component of Ashley Landing, a 31-acre mixed-use redevelopment in Charleston’s West Ashley neighborhood. EDENS is the master developer of Ashley Landing, which will feature 240,000 square feet of retail and commercial space, including a Publix grocery store. TD Bank provided an undisclosed amount of construction financing for the multifamily development, while PGIM Real Estate is providing equity financing. Upon completion, which is expected by third-quarter 2028, Westbourne Ashley Landing will feature studio, one-, two- and three-bedroom apartments ranging in size from 384 to 1,663 square feet. Amenities will include EV charging stations, indoor mail rooms with package concierge services, fitness facilities with private studios, a business center with work pods, grab-and-go market, pet spa and park, pickleball court and a saltwater pool with a sunbathing deck. The project team includes Housing Studio, Seamon Whiteside, Shah Interiors, S Wilkins Interiors, SPX and Carter and Carter.

July 8, 2026

Acquisitions Multifamily New York Northeast Seniors Housing

Marcus & Millichap Brokers Sale of 82-Bed Skilled Nursing Facility in Hoosick Falls, New York

by Taylor Williams July 8, 2026

HOOSICK FALLS, N.Y. — Marcus & Millichap has brokered the sale of an 82-bed skilled nursing facility in Hoosick Falls, located about 30 miles northeast of Albany. Originally built in 1954 and expanded in 1995, the single-story facility at 21 Danforth St. features a community dining hall, resident lounges and outdoor walking areas. Joseph Knapp and John Horowitz of Marcus & Millichap represented the undisclosed seller in the transaction.

July 8, 2026

Development Illinois Midwest Multifamily

Focus Tops Out 19-Story Apartment Building in Chicago’s Fulton Market

by Kristin Harlow July 8, 2026

CHICAGO — Chicago-based developer Focus has topped out 1221 W. Washington Blvd., a new apartment tower in Chicago’s Fulton Market neighborhood. Focus is also serving as the general contractor. Designed by Pappageorge Haymes, the 19-story, 286,232-square-foot development will feature a concrete podium with a brick façade, topped by a glass curtain wall spanning floors five through 19. Once complete, the project will include 287 apartment units, roughly 2,700 square feet of ground-floor retail space and 110 parking spaces. Apartments will come in a mix of studio, one- and two-bedroom units. Amenities will total more than 25,000 square feet and include three rooftop decks with a pool and grilling stations, a spa with an indoor hut tub, sauna, a fitness center with yoga and spin studios, private coworking spaces and a dog spa and dog run. Partner’s By Design is the interior designer, and Luxury Living is handling marketing and leasing. The development will be known as 1221, and first deliveries are anticipated in January 2027. The project is a Focus-led joint venture between DAC Developments and Melrose Ascension Capital. CIBC Capital and Heitman provided financing.

July 8, 2026

Affordable Housing Development Michigan Midwest Mixed-Use Multifamily

Southfield City Council Approves $65.1M Office Redevelopment Project in Metro Detroit

by Kristin Harlow July 8, 2026

SOUTHFIELD, MICH. — The Southfield City Council has approved a $65.1 million redevelopment project that will transform the former Blue Cross Blue Shield campus on West 11 Mile Road into a mixed-use community featuring 305 workforce housing apartments, neighborhood retail and opportunities for future commercial development. The project, led by DV Properties LLC, an affiliate of Brady Sullivan, will breathe new life into two former office towers that have remained underutilized for years. All apartments will be marketed to households earning up to 120 percent of the area median income. Construction timelines and additional project updates will be shared as redevelopment activities move forward, according to the city.

July 8, 2026

Affordable Housing Development Multifamily Texas

NRP Group Breaks Ground on 348-Unit Affordable Housing Project in South Austin

by Taylor Williams July 7, 2026

AUSTIN, TEXAS — The NRP Group, a Cleveland-based multifamily owner-operator, has broken ground on Sanara, a 348-unit affordable housing project in South Austin. Developed in partnership with the Housing Authority of Travis County, Sanara will consist of 13 three-story residential buildings across a 56-acre site. Units will come in one-, two- and three-bedroom floor plans and will be rent restricted to renters earning 60 percent or less of the area median income. Amenities will include a fitness center, business center with coworking space, clubhouse with a lounge and community kitchen, outdoor pool with lounge seating, a children’s activity center and an onsite playground. Residents will also have access to services such as afterschool care, financial literacy courses, ESL (English as a second language) classes and first-time homebuyer programs. MetLife Investment Management is the tax credit investor on the project. PIMCO provided construction and permanent financing that Berkadia arranged. The first units at Sanara are expected to be available for occupancy next spring.

July 7, 2026

Acquisitions Multifamily Texas

IPA Arranges Sale of 250-Unit Alta Firewheel Apartments in Garland, Texas

by Taylor Williams July 7, 2026

GARLAND, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Alta Firewheel, a 250-unit apartment complex located northeast of Dallas in Garland. Built in 2024, Alta Firewheel offers studio, one-, two- and three-bedroom units and amenities such as a pool, fitness center, lounge, game room, coffee bar and outdoor grilling and dining stations. Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware and William Hubbard of IPA represented the seller, Atlanta-based Wood Partners, in the transaction and procured the buyer, Pardue Cos.

July 7, 2026

Affordable Housing Development Multifamily New York Northeast

Partnership Underway on 320-Unit Affordable Housing Project in Queens

by Taylor Williams July 7, 2026

NEW YORK CITY — A partnership led by L+M Development Partners is underway on construction of a 320-unit affordable housing project in the Rockaway area of Queens. The project will be known as Building D within the 116-acre Arverne East waterfront development and will house 230 rental units and 90 for-sale units, as well as indoor and outdoor amenity spaces. Information on rent restrictions was not disclosed. Other project partners include Urbane Development, The Bluestone Organization, Mega Group Development, Triangle Equities Development Co., New York State Homes and Community Renewal, the New York City Department of Housing Preservation and Development and the New York City Housing Development Corp.

July 7, 2026

Affordable Housing Development Florida Multifamily Southeast

Trevato Breaks Ground on $120M Multifamily Development at Former Water Park in Jacksonville Beach

by John Nelson July 7, 2026

JACKSONVILLE BEACH, FLA. — Locally based Trevato Development Group has broken ground on a $120 million multifamily development at 1944 Beach Blvd. in Jacksonville Beach, about 16 miles east of downtown Jacksonville. The property will offer 415 market-rate and workforce housing apartments, as well as 1,800 square feet of retail space on the ground level and public beachfront amenities. The site formerly housed Adventure Landing, a water park that closed its doors last Halloween after three decades of operation. Trevato Development purchased the site in 2021 and began demolition of the amusement park’s buildings and infrastructure this past spring. The developer plans to begin preleasing for the new multifamily community in early 2028. The design-build team includes Dynamik Design (architect) and England-Thims & Miller (civil engineer).

July 7, 2026

Development Multifamily South Carolina Southeast

McShane Construction Delivers 262-Unit Apartment Development in Greenville

by John Nelson July 7, 2026

GREENVILLE, S.C. — McShane Construction has delivered District Eastside, a 262-unit apartment community located on a 9-acre site at the intersection of Pelham and Boiling Springs roads in Greenville. Flournoy Development Group is the developer of the property, which features five four-story, wood-frame buildings. Designed by Dynamik Design, District Eastside features one-, two- and three-bedroom apartments, as well as 10 live-work units and amenities including a resident lounge, heated saltwater pool, coworking lounge, hobby/art studio, fitness center and a dog park. The property also includes a separate standalone building that houses a car wash and pet spa. Monthly rental rates at District Eastside range from $1,430 to $2,838, according to Apartments.com.

July 7, 2026

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