ANAHEIM, CALIF. — Marcus & Millichap has brokered the $79 million sale of Chateau de Ville, a 254-unit multifamily community in Anaheim. Built in 1970, the property features 21 buildings on nine acres, with a mix of one- and two-bedroom floorplans. Amenities at the community include a swimming pool, clubhouse and fitness center. Tyler Leeson and Matt Kipp of Marcus & Millichap arranged the sale on behalf of the seller, a long-term partnership, and procured the buyer, a private investor.
LOS ANGELES — Cronheim Mortgage has arranged $56 million in permanent financing for a portfolio of multifamily communities in Los Angeles. Andrew Stewart and Allison Villamagna of Cronheim secured the financing on behalf of the borrower, 4SITE Real Estate. The portfolio includes Barranca Los Angeles, 4Mica Apartments and Arroyo Los Angeles. Cronheim arranged $37 million, $10.9 million and $8.1 million in financing for the properties, respectively. Barranca Los Angeles totals 200 apartment units, with amenities including a pool, spa, gym, yoga studio, workspaces, outdoor garden terrace and BBQ area. The property also features a ground-floor food hall that was leased to Origin Story, TG Thai, Soto’s Cuban Kitchen and Bistro DK at the time of financing. 4Mica Apartments and Arroyo Los Angeles comprise 60 and 56 apartments, respectively. Arroyo Los Angeles is situated adjacent to Arroyo Seco Park, a 74-acre public park that features horseback riding, golfing, batting cages, tennis courts, a dog park and clubhouse areas.
AUSTIN, TEXAS — A partnership between Taurus Investment Holdings and AOG Living has broken ground on The Evergreen at Whisper Valley, a 348-unit multifamily project in East Austin. Designed by The Sage Group and located within the 2,670-acre Whisper Valley master-planned community, the property will offer one, two- and three-bedroom units. Amenities will include a pool, fitness center, resident clubhouse, business center, beer garden, dog park and nature trails. Residents will also have access to a 600-acre public park. Delivery is slated for spring 2025.
SAN ANTONIO — Locally based developer LYND has begun leasing The Josephine, a 261-unit apartment community in San Antonio’s historic Pearl District. Designed by Austin-based Davies Collaborative, The Josephine offers one-, two- and three-bedroom units that range in size from 468 to 1,594 square feet. Amenities include a pool, fitness center, rooftop terrace, outdoor kitchen, game room, dog run and a library with conference rooms. Rents start at roughly $2,000 per month for a one-bedroom apartment. The first move-ins are scheduled to begin in late spring.
NEW YORK CITY — San Francisco-based mortgage banking firm Gantry has arranged a $9 million Fannie Mae acquisition loan for a 23-unit apartment building located at 47 E. Seventh St. in Manhattan’s East Village. According to LoopNet Inc., the five-story building was constructed in 1930. Patrick Barkley and Chad Metzger of Gantry arranged the 10-year loan, which features seven years of interest-only payments, through Walker & Dunlop. The borrower was an undisclosed private investor that acquired the asset via a 1031 exchange.
TREXLERTOWN, PA. — Northmarq has brokered the sale of Mayo’s Mobile Home Park, a 75-site manufactured housing property in the Lehigh Valley city of Trexlertown. Mayo’s Mobile Home Park was built in 1950 and was 98 percent occupied at the time of sale. Ari Azarbarzin and Anthony Pino of Northmarq represented the seller, Mayo Homes Co., in the transaction. The buyer and sales price were not disclosed. The deal marks the first time that the property has traded hands since 1963.
ST. LOUIS — BWE has arranged $18.5 million in permanent financing for One Loop Apartments, Broadway Park Apartments and Park Vue Flats in St. Louis. The three workforce housing communities total 247 units across 23 buildings. Dan Baker of BWE secured three loans on behalf of the borrowers, Affinity Capital LLC and a St. Louis-based housing developer. The loans for Broadway Park and One Loop were originated through Fannie Mae’s Sponsor Dedicated Workforce Housing program, which enabled the borrowers to receive a lower interest rate, according to BWE. All three loans feature fixed interest rates with five-year terms and full-term interest-only payments. Having been financed through the Sponsor Dedicated Workforce Housing program, 50 percent of the units in Broadway Park and One Loop will be restricted to residents earning up to 80 percent of the area median income (AMI), with 20 percent of the units having a 60 percent AMI requirement. The borrowers will use the financing to pay off existing rehabilitation loans, which were used to substantially upgrade the communities.
CHICAGO — Interra Realty has brokered the $4.2 million sale of a 16-unit apartment building located at 5073 N. Wolcott Ave. in Chicago’s Ravenswood neighborhood. The boutique property features 13 two-bedroom units and three three-bedroom floor plans. All residences feature modernized kitchens and bathrooms, and the building has onsite laundry and storage lockers. Built in 1927, the vintage asset sold for full list price and was fully occupied at the time of sale. Joe Smazal of Interra represented the buyer, ICM Properties, a local real estate investor. Smazal also represented the seller, a private New York-based investor.
TEMPE, ARIZ. — Aptitude Development has broken ground on The Marshall Tempe, a 485-bed student housing community near the Arizona State University (ASU) campus in Tempe. Situated at 1031 E. Apache Blvd. in the University Heights neighborhood, The Marshall Tempe is located approximately 1.3 miles from the university’s registrar office, 1.5 miles from the ASU Art Museum and one mile from the Sun Devil campus store. The Marshall Tempe is slated for completion prior to the fall 2026 semester. Planned amenities include a pool, cold plunge, sauna, study lounges and fitness center. BKV Associates designed the community. CHA Consulting is providing engineering services. Aptitude Development was founded in 2014 and is based in Elmwood Park, New Jersey. The Marshall Tempe will be the company’s 10th ground-up development. ASU had its largest enrollment class ever in 2023, with more than 144,000 students between online and in-person classes across all its campuses. In-person enrollment broke 80,000 students for the first time in the school’s history. — Channing Hamilton
FORT WORTH, TEXAS — Trademark Property Co. has broken ground on 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 will consist of 307 apartments, 14 townhomes and a 5,300-square-foot restaurant with a second-story lounge. Residential amenities will include a pool, rooftop lounge, coworking space and two dog parks. First United Bank provided a $61 million construction loan for the project. Heather McClure and Jonathan Paine of Walker & Dunlop arranged the loan on behalf of Trademark. The first units are expected to be available for occupancy in spring 2026.
