Multifamily

Bender Equities Sells Two Multifamily Communities in Oregon to Verdant Development for $83M

by Amy Works September 15, 2026

CORVALLIS AND TALENT, ORE. — Bender Equities has completed the disposition of two apartment assets in Corvallis and Talent to Verdant Development for $83 million. Totaling 438 units, the communities are Oak Vale in Corvallis and Anjou Club in Talent. Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon and Nick Ruggiero of Institutional Property Advisors (IPA), a division of Marcus & Millichap, in association with David Tabata as Marcus & Millichap’s broker of record in Oregon, represented the seller and procured the buyer in the deal. Built in 1973 and 1995, Oak Vale offers 257 one-, two- and three-bedroom apartments, averaging 767 square feet, spread across 31 buildings. Community amenities include a lounge, game room, fitness center, movie theater and an outdoor sport court. Oak Vale is situated on 16 acres a short drive from Oregon State University. Built on 1990 on nearly 14 acres near Southern Oregon University, Anjou Club features 181 one-, two- and three-bedroom floor plans across three layout types — flats, townhomes and garden flats, averaging 950 square feet. Onsite amenities include a large clubhouse, heated outdoor swimming pool, tennis court, basketball court, play structure and outdoor seating areas.

September 15, 2026

Acquisitions Illinois Midwest Multifamily

Northmarq Brokers Sales of Two Chicagoland Multifamily Properties Totaling $67.3M

by Kristin Harlow September 15, 2026

LOMBARD AND NAPERVILLE, ILL. — Northmarq has arranged the sales of two Chicagoland multifamily properties for a combined $67.3 million. The assets include Westmore Apartments, a 230-unit property in Lombard, and Whispering Trails, a 120-unit property in Naperville. Westmore Apartments was built in 1968 and is 98 percent occupied. Ownership invested more than $3.7 million in capital improvements over the past decade. Whispering Trails was built in 1985. Ownership invested nearly $2.2 million in capital improvements. Parker Stewart, Dominic Martinez, Alex Malzone and Jake Lamb of Northmarq represented the seller, Axiom Properties Inc. B & A Property Group LLC purchased Westmore Apartments for $46 million, while FPA Multifamily bought Whispering Trails for $21.3 million.

September 15, 2026

Acquisitions Multifamily Oregon Western

Taylor Morrison Sells 424-Unit West End District Multifamily Property in Beaverton, Oregon

by Amy Works September 14, 2026

BEAVERTON, ORE. — Taylor Morrison has completed the sale of West End District, an apartment community in Beaverton, to Grand Peaks, in partnership with PCCP, for $85.2 million. Joe Nydahl and Josh McDonald of CBRE represented the seller in the deal. Freddie Mac provided acquisition financing for the buyer. Situated on 13.5 acres at 14700 S.W. Rocket St., West End District features 424 studio, one- and two-bedroom units across 12 four-story residential buildings and 34,262 square feet of ground-floor retail space. The asset was completed in 2021 and 2022.

September 14, 2026

Acquisitions Multifamily Oregon Western

HFO Investment Real Estate Brokers $10M Sale of Applegate Apartments in Gresham, Oregon

by Amy Works September 14, 2026

GRESHAM, ORE. — HFO Investment Real Estate has arranged the $10 million sale of Applegate Apartments, a multifamily community at 17726 S.E. Division St. in Gresham. Greg Frick, Jack Stephens and Yuriy Chubok of HFO represented the buyer and seller, both private local investors, in the transaction. Built in 1979 on 3.1 acres, Applegate is comprised of 12 two-story buildings offering a total of 78 one-, two- and three-bedroom units, with an average unit of 809 square feet. All units include in-unit laundry hookups, and recent capital improvements include new siding, a new roof and windows.

September 14, 2026

Loans Multifamily New Jersey Northeast

Cushman & Wakefield Arranges $163.9M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams September 14, 2026

PARAMUS, N.J. — Cushman & Wakefield has arranged a $163.9 million construction loan for The Bergen Chapter, a 426-unit multifamily project that will be located adjacent to Bergen Town Center Mall in the Northern New Jersey community of Paramus. The Bergen Chapter will consist of two five-story residential buildings in which 15 percent of the units will be subject to income restrictions. The Bergen Chapter will feature amenities such as a pool, fitness center, lounges, coworking space and landscaped courtyards, as well as ground-floor retail space. John Alascio, Alex Hernandez, Chuck Kohaut, Alan Blank and Chris Meloni of Cushman & Wakefield arranged the debt through PCCP LLC on behalf of the borrower, a joint venture between two New Jersey-based firms, KRE Group and Russo Development.

September 14, 2026

Affordable Housing Multifamily New York Northeast

Related Cos. Underway on Affordable Housing Preservation, Expansion Project in Lower Manhattan

by Taylor Williams September 14, 2026

NEW YORK CITY — Related Cos. is underway on an affordable housing preservation and expansion project at Tribeca Park, a 27-story, 396-unit mixed-income housing building in Lower Manhattan. Related Cos. developed Tribeca Park in 1999 via a ground lease with The Battery Park City Authority (BPCA), and the contract has been amended to preserve 81 units as affordable to households earning up to 50 percent of the area median income (AMI) and to add 20 new units affordable to households earning up to 130 percent of AMI. These new affordability protections will run through 2069 and increase the proportion of income-restricted units with Tribeca Park from 20 percent to 25 percent.

September 14, 2026

Development Multifamily New Jersey Northeast

Advance Realty Completes 52-Unit Apartment Building in Hoboken

by Taylor Williams September 14, 2026

HOBOKEN, N.J. — Locally based developer Advance Realty Investors has completed Willow House, a 52-unit apartment building in Hoboken. Designed by locally based MVMK Architects and Living Systems, the eight-story building houses studio, one-, two- and three-bedroom units in addition to 6,000 square feet of retail space. Amenities include a lobby lounge, fitness center, coworking space, package room and a rooftop deck. Leasing began in mid-June, at which point rents started in the mid-$4000s per month for a studio apartment. Construction began in winter 2024.

September 14, 2026

Development Loans Multifamily New York Northeast Office Top Stories

Northwind Group Provides Two Loans Totaling $427M for New York City Office-to-Residential Conversion Projects

by Taylor Williams September 14, 2026

NEW YORK CITY — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided two loans totaling $427 million for a pair of office-to-residential conversion projects in New York City. In the first deal, Northwind funded a $208 million loan for the partial conversion of 141 Willoughby Street, a 24-story 355,000-square-foot office building in downtown Brooklyn. The borrower, a joint venture between Capstone Equities and BH3 Fund Advisors, plans to redevelop the office space on floors eight through 23 into 239 apartments. Ownership plans to maintain office usage across the first seven floors of 141 Willoughby, which was originally constructed in 2023 but never occupied. Future residents will have access to amenities such as a fitness center, entertainment lounge, coworking space, wellness center, golf simulator, sports court, games room and a children’s playroom, along with landscaped terraces on the 10th and 20th floors and a full-time attended lobby. Lastly, the new ownership of 141 Willoughby, which has rebranded the building as 385 Gold, will maintain separate entrances and exits between the office and residential components. An expected completion date was not announced. “[The building at] 141 Willoughby Street was designed to an institutional standard, …

September 14, 2026

Development Multifamily Oklahoma Texas

Gardner Tanenbaum Completes $60M Adaptive Reuse Project in Downtown Oklahoma City

by Taylor Williams September 11, 2026

OKLAHOMA CITY — Gardner Tanenbaum Holdings has completed a $60 million adaptive reuse project in downtown Oklahoma City. The project converted two historic buildings —the Tradesmen National Bank building at 101 N. Broadway and the Medical Arts building at 100 Park Ave., both of which were constructed in the early 1920s — into a 265-unit apartment complex known as The Harlow. The property offers studio, one- and two-bedroom units and also includes 4,300 square feet of retail space. Amenities include a game room, fitness center, movie theater, bowling alley and coworking space. Rents start at roughly $1,100 per month for a studio apartment.

September 11, 2026

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $5M Sale of Upper Manhattan Apartment Building

by Taylor Williams September 11, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $5 million sale of a 35-unit apartment building in Upper Manhattan. The five-story building at 120 Haven St. houses six one-bedroom units, 25 two-bedroom residences and four three-bedroom apartments. Seth Glasser, Michael Fusco, Christopher Mehran and Jacob Kahn of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Kahn also secured acquisition financing for the deal.

September 11, 2026

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