Friday, July 10, 2026
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Multifamily

MultifamilySoutheast

GREYSTEEL ARRANGES SALE OF LOGAN CIRCLE DEVELOPMENT SITES IN D.C.

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WASHINGTON, D.C. — Washington, D.C.-based Greysteel has arranged the sale of 1101 Rhode Island Ave. N.W. and 1528-1530 11th St. N.W., two commercially zoned land parcels in Washington, D.C.’s Logan Circle neighborhood. Condominium properties in the area have been selling for more than $800 per square foot, according to Greysteel. Nearby developments include O Street Market and CityCenterDC. Ari Firoozabadi, John Mullen, Kyle Tangney, Lance Ahmadian, Caleb Brown and Mike Bediones of Greysteel represented Q Street LP in the sale of the parcels to CAS Riegler Cos. LLC.

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MidwestMultifamily

BERNARD ARRANGES $4.5M LOAN FOR 118-UNIT APARTMENT COMPLEX

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SOUTHFIELD, MICH. — Bernard Financial Group has arranged a $4.5 million loan for Stanford Townhouses, a 118-unit multifamily property in Southfield. Stanford Townhomes LLC was the borrower, and Citigroup Global Markets Realty Corp. was the lender. Dennis Bernard and Kevin Kovachevich of Bernard Financial originated the loan. Standford Townhouses is located at 26666 Stanford Drive W. and features two- and three-bedroom apartments, according to Rent.com.

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MultifamilyNortheast

$400M DEVELOPMENT TO TAKE PLACE OF 5POINTZ WAREHOUSE

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NEW YORK CITY — City Council members have approved the demolition of the landmark 5Pointz warehouse in Long Island City and a $400 million development replacing it. Demolition work at the 5Pointz property, which has become a tourist attraction as a mecca for graffiti art, could start by the end of this year or in early 2014, according to Jerry Wolkoff, the owner of 5Pointz and the developer behind the new project, according to The Wall Street Journal. The new development will include a 47-story tower and a 41-story tower, which will include a total of 1,000 apartments and 50,000 square feet of retail space. Wolkoff also says the project will feature 12,000 square feet of studio space to be rented first to artists, who previously occupied space at 5Pointz. To readThe Wall Street Journal’s full story, click here.

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MultifamilyNortheast

IPA ARRANGES SALE OF 124-UNIT MULTIFAMILY COMPLEX IN STAMFORD

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STAMFORD, CONN. — Institutional Property Advisors (IPA) has arranged the sale of Parallel 41, a newly constructed, fully stabilized, 124-unit apartment complex in downtown Stamford. Victor Nolletti and Steve Witten, executive directors at IPA, advised the seller, 1340 Washington Associates LLC, in the transaction. Hartford-based Cornerstone Real Estate Advisers represented the buyer, an institutional investor. Built in 2012 on 1.7 acres, the 128,588-square-foot property is located at 1340 Washington Blvd., within a few blocks of the Stamford train station. Community amenities include a roof deck with city views, outdoor kitchens, 46-inch outdoor televisions, pingpong, outdoor shower and chaise lounges. The property also features a resident lounge with a linear fireplace, platform bar and banquette for seating, multiple flat-panel televisions and a barista station. RMS Cos., the developer of Parallel 41, is also completing several other luxury apartment properties in the area.

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MultifamilyTexas

M&M BROKERS SALE OF 228-UNIT MULTIFAMILY ASSET IN GRAPEVINE

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GRAPEVINE, TEXAS — Marcus & Millichap has brokered the sale of The Courtyards at Mustang, a 228-unit multifamily property in Grapevine, approximately 20 miles northeast of Fort Worth. The apartment community, which was constructed in 1973, includes amenities such as two swimming pools, four laundry facilities, a basketball court and a baseball/soccer field. Located at 2913 Mustang Drive and in close proximity to Highway 26, the asset garnered multiple offers in a marketing period lasting less than 30 days. John Barker of Marcus & Millichap represented the seller, a partnership. Barker also secured the buyer, another partnership.

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MultifamilyWestern

RESOURCE BUYS TWO COLORADO APARTMENT COMMUNITIES FOR $54.9M

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LITTLETON, COLO. — Resource Real Estate Opportunity REIT has purchased two apartment communities in Colorado for $54.9 million. The acquisition includes the 276-unit Camden Centennial in Littleton and the 224-unit Camden Pinnacle in Westminster. The company plans to enhance and upgrade the properties’ units, common areas, exterior, landscape and onsite property management. The REIT is sponsored by Resource Real Estate.

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MultifamilySoutheast

APARTMENT COMMUNITY IN ATLANTA’S VIRGINIA HIGHLAND SELLS FOR $41M

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ATLANTA — HFF has arranged the sale of Virginia Highlands, a 270-unit apartment community located at 609 Virginia Ave. in Atlanta’s Virginia Highland district. TA Associates Realty purchased the apartment community for $41 million free and clear of debt. The apartment community has frontage along Atlanta’s Beltline and is close proximity to Piedmont Park and the upcoming Ponce City Market retail development. Jason Nettles and Megan Thompson of HFF represented the seller, Fairfield Residential, in the transaction.

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MultifamilySoutheast

NORTHMARQ SECURES $28.9M ACQUISITION FINANCING FOR CHAPEL HILL APARTMENTS

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CHAPEL HILL, N.C. — NorthMarq Capital has arranged $28.9 million in acquisition financing for Foxcroft Apartments, a 248-unit community located at 545 Ashley Court in Chapel Hill. Brett Mason of NorthMarq Capital’s Raleigh, N.C., office arranged the three-year, interest-only loan through Latitude Management Real Estate Investors on behalf of the borrower, Eller Capital Partners.

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MultifamilySoutheast

MERIDIAN ARRANGES $13.5M ACQUISITION FINANCING FOR JACKSON APARTMENTS

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JACKSON, MISS. — Meridian Capital Group LLC has arranged $13.5 million in acquisition financing for The Park at Moss Creek Apartments, located at 5000 Ridgewood Road in Jackson. Noam Kaminetzky of Meridian Capital Group’s Boca Raton, Fla., office arranged the seven-year loan fixed at a 4.55 percent interest rate. An agency lender provided the loan.

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MidwestMultifamily

FIFIELD COS., CARROLL PROPERTIES BREAK GROUND ON E2 IN EVANSTON

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EVANSTON, ILL. — Co-developers Fifield Cos. and Carroll Properties have broken ground on E2, a 356-unit luxury apartment project in downtown Evanston. The development will include two buildings located at 1881 Oak Ave. and 1890 Maple Ave., about 19 miles north of Chicago. The property at 1881 Oak will span 16 stories and 1890 Maple will include 14 stories. The buildings will be connected by a four-story structure that will feature three floors of parking and a fourth-floor amenity deck. The majority of the development will be luxury rentals, but the property will also offer 4,000 square feet of ground-floor retail space and 12 street-level, three-bedroom townhomes along Emerson Street. The three-story E2 townhomes range in size from 1,600 square feet to 1,750 square feet and have three bedrooms, two-and-a-half baths and a third-floor outdoor deck. Apartment tower units at E2 will range from 500 to 1,300 square feet and offer studio, one-, two- and three-bedroom layouts. FitzGerald Associates Architects will serve as the principal architect for the project, while Evanston-based Morgante Wilson Architects will be the interiors architect and will design three models for E2.

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