Tuesday, July 14, 2026
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Multifamily

MultifamilyTexas

FAULKNER DESIGN GROUP FINISHES PENTHOUSE AT 1400 HI LINE

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DALLAS — The Faulkner Design Group has finished the penthouse suites of the 24-story 1400 Hi Line, a luxury high-rise multifamily property located in Dallas' Design District. The property has 300,000 square feet of living space and features an outdoor fire pit, salt water infinity-edge pool, a skyline lounge and a 3,000-square-foot fitness center. Faulkner Design also updated the property's public areas with a new color palette and design motif. The property has been operational since last summer.

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MultifamilyWestern

AVALON HILLS CONDOMINIUMS IN PHOENIX SELLS FOR $5.6M

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PHOENIX – The Avalon Hills condominiums in Phoenix has sold to BH Properties for $5.6 million. The community is located at 3535 West Tierra Buena Lane. It contains 348 units, although only 250 were acquired by BH Properties. Both the buyer and the seller, Michael Carmel (trustee), were represented by Bill Hahn, Jeffrey Sherman and Trevor Koskovich of Colliers International’s HSK Multifamily team.

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MultifamilySoutheast

OAK GROVE ARRANGES $37.1M IN LOANS FOR AFFORDABLE HOUSING

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RIVIERA BEACH AND JACKSONVILLE, FLA. — Oak Grove Capital has arranged two HUD 223(f) loans totaling $37.1 million for the Cornerstone Group, which will use the funds to refinance two affordable housing communities in Florida. Each of the two fixed-rate loans carries a 35-year term and amortization period. The properties include Indian Trace Apartments, a 330-unit property in Riviera Beach; and Mission Pointe Apartments, a 338-unit complex in Jacksonville. Amenities at the communities include a fitness center, car wash and outdoor pool.

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MultifamilyNortheast

MILL CREEK RESIDENTIAL BREAKS GROUND ON APT. COMMUNITY

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MORRISTOWN, N.J. — Dallas-based Mill Creek Residential Trust has broken ground on the 268-unit first phase of Latitude, a luxury apartment development in Morristown. The building’s cost has not been disclosed. The 258,300-square-foot first phase will include studio and one-, two- and three-bedroom apartments and a 350-space parking garage incorporated into the structure. The project’s location, at Early Street and Speedwell Avenue, is walking distance from downtown Morristown. Apartments will feature nine-foot ceilings, walk-in closets, patios/balconies (in select residences), lofts (in select residences), washers and dryers, granite countertops and energy-efficient, stainless-steel appliances. Initial occupancy for Latitude is planned for next year.

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MultifamilyTexas

CBRE GLOBAL INVESTORS BUYS HOUSTON APT. COMMUNITY

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HOUSTON — CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors, has acquired The Connection at Buffalo Pointe, a 352-unit, Class A apartment community in Houston. The property, located at 10201 Buffalo Speedway near the Texas Medical Center, is 93 percent occupied. CBRE Global Investors will manage the property and implement an upgrade program, which will add granite countertops, new plumbing and updated light fixtures to the units. The Connection at Buffalo Pointe is the first component of a larger mixed-use development, according to Steve Gullor of CBRE Global Investors.

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MultifamilyTexas

ARA NEGOTIATES SALE OF TIMBERLODGE IN DALLAS

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DALLAS — ARA has arranged the sale of Timberlodge Apartments, a 216-unit multifamily community located in Dallas. Brian O'Boyle Sr., Brian O'Boyle Jr. and Richard Furr of ARA represented the seller, San Francisco-based The Reliant Group, in the transaction. The buyer is Salt Lake City, Utah-based Bridge Investment Group Partners. The multifamily community was built in 1981 and is 92 percent occupied. Timberlodge was built alongside a creek and it features two sports courts, a swimming pool and hot tub.

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MultifamilyTexas

HENDRICKS-BERKADIA BROKERS SALE OF DALLAS APT. COMMUNITY

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DALLAS — Hendricks-Berkadia has arranged the sale of St. Francis, a 200-unit apartment complex located at 8943 Senate St. in Dallas. The apartment community was built in 1968 and offers one-, two- and three-bedroom floor plans. Peter Hartnett of Hendricks-Berkadia's Dallas office arranged the sale. Dallas-based St. Francis Investment Partners LP sold the community to Dallas-based TACP SFRANCIS LP.

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MultifamilyWestern

AVALON HILLS CONDOMINIUMS IN PHOENIX SELLS FOR $5.6M

by admin

PHOENIX – The Avalon Hills condominiums in Phoenix has sold to BH Properties for $5.6 million. The community is located at 3535 West Tierra Buena Lane. It contains 348 units, although only 250 were acquired by BH Properties. Both the buyer and the seller, Michael Carmel (trustee), were represented by Bill Hahn, Jeffrey Sherman and Trevor Koskovich of Colliers International’s HSK Multifamily team.

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