Wednesday, July 23, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

The-Brook
DevelopmentMultifamilyNew YorkNortheast

Witkoff, Apollo Global Top Out 52-Story Apartment Tower in Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between Witkoff and an affiliate of Apollo Global Management has topped out The Brook, a 52-story apartment building in downtown Brooklyn. The Brook will house 591 apartments and 21,000 square feet of retail space. Thirty percent of units will be set aside as affordable housing. Income restrictions for these units were not disclosed. Amenities will include a pool, basketball court, lounge, fitness center, library, communal terraces, playground, dog run and coworking spaces. Move-ins are slated to begin in the second half of 2025. Beyer Blinder Belle designed the community, and Bonetti/Kozerski Architecture provided interior design services. Suffolk Construction is the general contractor.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew YorkNortheast

Marcus & Millichap Brokers $8M Sale of Manhattan Apartment Building

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $8 million sale of a seven-unit apartment building located at 228 W. 10th St. in Manhattan’s West Village. The four-story building consists of six one-bedroom apartments and a 2,500-square-foot retail space that is leased to Italian restaurant L’Artusi. Joe Koicim and Peter Dodge of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentSoutheastStudent HousingTennessee

Juneau Construction Tops Out 1,600-Bed Student Housing Project Near University of Tennessee

by John Nelson

KNOXVILLE, TENN. — Juneau Construction has topped out Hub Knoxville, a student housing development near University of Tennessee that will comprise two 10-story towers and a seven-story building. The co-developers, Core Spaces and Schenk Realty Group, broke ground on the project in February 2023 and secured $233 million in construction financing last summer. Upon completion, the 1,600-bed community will feature 30,000 square feet of retail space, 23,000 square feet of indoor amenities and a 19,000-square-foot rooftop terrace that features a pool, basketball court and hot tub. The design-build team includes Dwell Design Studio, Antunovich Associates and DCI Engineers. Core Spaces and Schenk Realty Group plan to deliver Hub Knoxville in time for fall semester in 2025.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMultifamilySoutheast

Kushner, PTM Partners Launch Preleasing at 36-Story Apartment Tower in Miami

by John Nelson

MIAMI — Kushner and PTM Partners have launched preleasing at 2000 Biscayne Boulevard, a 36-story apartment tower underway in Miami’s Edgewater district. The property will feature 420 studio, one-, two- and three-bedroom luxury apartments ranging in size from 500 to 1,500 square feet. Kushner and PTM have appointed SERHANT. New Development as the marketing and leasing agency of record for the building. Designed by Kobi Karp Architecture and Restoration Hardware for interiors, each unit will feature modern flooring, stainless steel appliances, Italian kitchen cabinetry and bathroom vanities, floor-to-ceiling windows and private terraces in select units. Amenities will include a fitness center with a sauna and massage treatment rooms, gaming club room, children’s play area, pet spa, resort-style pool with cabanas and an outdoor gym and yoga area overlooking Biscayne Bay.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansMixed-UseMultifamilySoutheast

Northmarq Arranges $88M Refinancing for New Apartment Community at Dania Pointe in South Florida

by John Nelson

DANIA BEACH, FLA. — Northmarq has arranged $88 million for the refinancing of Avery Dania East, a 336-unit apartment community located at 120 N. Compass Way in Dania Beach, about five miles south of Fort Lauderdale. Built in 2023, the property is a multifamily component within Dania Pointe, a mixed-use development by Kimco that features six hotels, 1 million square feet of retail and restaurants and more than 500,000 square feet of office space, including the new headquarters for Spirit Airlines. David Gahagan, Chris Hammel and Chandler Kaye of Northmarq arranged the financing through BlackRock and SteepRock on behalf of the borrower, Meyers Accesso, a new partnership between The Meyers Group and Accesso. The refinancing was underwritten with a three-year term with interest-only payments for the full term. The developer received a certificate of occupancy in December 2023 for Avery Dania East, which was 45 percent occupied at the time of financing.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaMultifamilySoutheast

Marcus & Millichap Brokers $18.5M Sale of Apartment Community in Valdosta, Georgia

by John Nelson

VALDOSTA, GA. — Marcus & Millichap has brokered the $18.5 million sale of Staten Crossing Apartments, a 196-unit community located at 3925 N. Oak St. Extension in Valdosta, a city in South Georgia near the Florida border. John Brigel of Marcus & Millichap’s Tampa office represented the seller and secured the buyer, THC Management LLC, in the transaction. John Leonard, Marcus & Millichap’s broker of record in Georgia, assisted in closing the transaction. Built in 1998, Staten Crossing features one- and two-bedroom apartments, as well as a swimming pool, sundeck, fitness center and tennis courts.

Continue Reading
FacebookTwitterLinkedinEmail
Millennium-East-Las-Vegas-NV.jpg
AcquisitionsMultifamilyNevadaWestern

Northmarq Brokers $52.7M Sale of Millennium East Apartments in Las Vegas

by Amy Works

LAS VEGAS — Northmarq has arranged the sale of Millennium East, a multifamily community located in Las Vegas’ Sunrise Manor area. A Massachusetts-based property manager company seller sold the asset to a California-based real estate investment company for $52.7 million. Built in 2000 and renovated in 2018, Millennium East features 236 one-, two- and three-bedroom apartments ranging from 720 square feet to 1,116 square feet. A majority of the units were renovated and feature upgraded nickel light fixtures, full-size washers and dryers, luxury vinyl flooring and stainless steel appliances. Onsite amenities include a resort-style pool, gym, playground, dog park, package lockers and covered parking. Thomas Olivett of Northmarq’s Las Vegas multifamily investment sales team represented the seller in the deal. Bryan Mummaw, Bryan Liu, Brandon Harrington, Tyler Wood and Chris Gitibin of Northmarq’s debt and equity team secured $33.5 million in acquisition financing for the buyer. The permanent, fixed-rate loan was arranged through Northmarq’s relationship with Freddie Mac.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMissouriMultifamily

Brinkmann Constructors Tops Out 255-Unit Luxury Apartment Complex in Maryland Heights, Missouri

by Kristin Harlow

MARYLAND HEIGHTS, MO. — Brinkmann Constructors has topped out The Porter Apartments, a 255-unit luxury apartment complex in the western St. Louis suburb of Maryland Heights. The five-story project is located at Westport Plaza, a 42-acre entertainment district. Amenities will include a clubroom, fitness and yoga center, private courtyard, pool and spa. The development team includes Lodging Hospitality Management, Balke Brown Transwestern, 2B Residential and Humphreys and Partners Architects. Completion is slated for the first quarter of 2025.

Continue Reading
FacebookTwitterLinkedinEmail
125-16th-St-Huntington-Beach-CA
AcquisitionsCaliforniaMultifamilyWestern

CBRE Negotiates $8.6M Sale of Beachwood Apartments in Huntington Beach, California

by Amy Works

HUNTINGTON BEACH, CALIF. — CBRE has brokered the sale of Beachwood Apartments, a multifamily property located at 125 16th St. in Huntington Beach, approximately 35 miles southeast of Los Angeles. The asset traded for $8.6 million, or $480,556 per unit. Built in 1971, Beachwood Apartments features 18 one-, two- and three-bedroom apartments totaling 15,809 rentable square feet. Select units have private patios or balconies and some units offer ocean views. Each unit features an individual water heater and individual meters for gas and electricity. Community amenities include a courtyard, sun deck, laundry facilities, 24 garage spaces and an on-site manager. Dan Blackwell and Mike O’Neill of CBRE represented the Huntington Beach-based seller and the Fountain Valley-based buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingLoansMidwestMultifamilyOhio

National Church Residences Receives LIHTC Financing for Two Affordable Housing Projects in Ohio

by Kristin Harlow

COLUMBUS AND MACEDONIA, OHIO — National Church Residences has received two 9 percent Low-Income Housing Tax Credits (LIHTC) awards from the Ohio Housing Finance Agency for two affordable housing projects in Ohio. Divinity Landing is a new 54-unit affordable seniors housing property to be developed in Macedonia, a suburb of Akron. The three-story property will feature a community room, exercise center, multipurpose room, outdoor patio and onsite walking paths. The Commons at Grant, an existing 100-unit permanent supportive housing community in Columbus, was originally constructed in 2002 through the 9 percent LIHTC program. The development provides affordable housing for formerly homeless, veterans and disabled individuals. The planned renovation will include upgrades to apartments and common areas, as well as a new roof and windows. Construction on both projects is slated to begin as early as spring 2025.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts