SOUTH SAN FRANCISCO, CALIF. — Greensboro, N.C.-based Bell Partners has acquired Bell South City West, a 195-unit multifamily community in South San Francisco. According to the San Francisco Business Times, the sales price was $130 million. Sares Regis Group of Northern California and an institutional equity partner sold the property, which was formerly known as Celeste. Berkadia represented the seller in the transaction.
CHICAGO — Interra Realty has brokered the $6 million sale of 6500 N. Claremont Ave., a 32-unit apartment building in Chicago’s West Rogers Park neighborhood. Joe Smazal and Mark Dykstra of Interra represented the buyer, Claremont JV LLC, led by Ron Abrams of Silver Property Group. Smazal and Dykstra also represented the seller, a local private investor. The deal represented the highest multifamily sales price in West Rogers Park in the past three years, according to CoStar data. Originally constructed in 1929 and last renovated approximately 15 years ago, the building includes four one-bedroom and 28 two-bedroom layouts.
PFLUGERVILLE, TEXAS — California-based investment firm Haven Housing has acquired Wells Park Apartments, a 264-unit multifamily complex in the northern Austin suburb of Pflugerville. Built in 2018, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, resident clubhouse, business center and outdoor gathering spaces. Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass of Walker & Dunlop represented Haven Housing in the transaction. The seller and sales price were not disclosed.
ROSELAND, N.J. — Local owner-operator Garden Communities has begun leasing a 211-unit apartment complex in the Northern New Jersey community of Roseland. Gardens at Roseland offers single-level and duplex apartments that come in one- and two-bedroom floor plans. Amenities include a pool, fitness center, an entertainment room, fireside lounge and private workspaces, sports court, playground and outdoor grilling and dining stations. Rents start at roughly $2,700 per month for a one-bedroom unit.
ATLANTA — Capstone Building Corp. has completed the construction of Herndon Square Phase II, a $57 million affordable housing development located in Atlanta’s Westside neighborhood. The second phase of Herndon Square, which serves as a key component of the larger Legacy at Herndon Square redevelopment, rises six stories and spans 335,348 square feet. The building features 201 apartments in one-, two- and three-bedroom floorplans. Amenities include a resident lounge, fitness center, interior courtyard, playground, wellness clinic, enclosed parking deck, dog wash station and outdoor grilling and picnic areas. Along with Birmingham, Ala.-based general contractor Capstone Building Corp., the project team comprises Atlanta Housing, Hunt and Pennrose (developers), as well as Thriven Design (architect).
SAN CLEMENTE, CALIF. — Newmark has provided a $58 million Fannie Mae loan for Everleigh San Clemente, an active adult community in Southern California in San Clemente. Lee Redmond, Alec Newman and Nick Schroeder of Newmark originated the loan on behalf of an institutional level joint venture. Designed for residents age 55 and older, Everleigh features 150 residences with convenient access to San Clemente’s beaches, coastal trails, golf courses and retail and dining destinations. The Class A property was delivered in 2023.
SPOKANE, WASH. — Northmarq has brokered the $22.5 million sale of Go Go Heights Apartments, a 178-unit, garden-style multifamily community in Spokane. An entity doing business as LC Gogo Heights LLC sold the property to an undisclosed, Washington-based private investment firm. Tyler Smith, Steve Fischer, Joe Kinkopf and Brendan Greenheck of Northmarq’s Seattle Investment Sales team represented the seller in the deal. Located at 7024 N. Colton St., Go Go Heights Apartments features two- and three-bedroom apartments with hardwood laminate flooring, walk-in closets, in-unit fireplaces, vaulted ceilings and private balconies. Amenities include indoor parking and a pool. The property was built in 1989.
BOSTON — National developer Millennium Partners has received $281 million in Property Assessed Clean Energy (PACE) financing for the residential component of Winthrop Center, a 62-story mixed-use tower in downtown Boston. Nuveen Green Capital provided the financing, which will be administered under the PACE Massachusetts program by MassDevelopment, the Commonwealth’s development finance agency and land bank. Located at 115 Federal St. in downtown Boston, Winthrop Center comprises 317 luxury condominium residences that are known as The Millennium Residences at Winthrop Center, as well as approximately 800,000 square feet of office space and a multi-level public gathering space known as The Connector. Winthrop Center, which was first capitalized in fall 2020, carries LEED Platinum and WELL Gold certifications. The financing allows Millennium Partners to build on these sustainability investments and reinforces Winthrop Center’s position as an environmentally advanced mixed-use development, according to the team that worked on the deal. Riaz Cassum, Andrew Gray, Robyn King and David Mega of JLL arranged the 20-year, C-PACE loan on behalf of the borrower. “MassDevelopment is excited to see The Millennium Residences at Winthrop Center recapitalized through PACE Massachusetts, representing the largest commercial PACE financing in the region to date,” says Navjeet Bal, president and …
FORT WORTH, TEXAS — Trademark Property Co. has completed The Vickery, a 321-unit multifamily project in downtown Fort Worth. Designed by GFF and developed in partnership with SCOA Real Estate Partners, The Vickery consists of 307 apartments, 14 townhomes and a 5,300-square-foot restaurant with a second-story lounge, as well as an amenitized green space. Residential amenities include a pool, rooftop lounge and coworking space. Construction began in February 2024 and topped out in January 2025. Leasing began last fall, at which time rents started at roughly $1,500 per month for a studio apartment.
MOUNT VERNON, N.Y. — A partnership between Simone Development Cos. and Stagg Group is nearing completion of Qwest Towers, a $158 million workforce housing project in Mount Vernon, located north of New York City. Qwest Towers will consist of two buildings that will rise 15 and 12 stories and will house a combined 228 residences. The unit mix will comprise 58 studios, 91 one-bedroom units, 78 two-bedroom apartments and one three-bedroom unit, as well as a separate residence for the building superintendent. Information on income restrictions was not disclosed. The first building is scheduled to be complete before the end of the year, with the second to follow a few months later.
