Multifamily

HL Communities Underway on 104-Unit Multifamily Project in Downtown Denton, Texas

by Taylor Williams August 27, 2025

DENTON, TEXAS — HL Communities, the multifamily development arm of Holt Lunsford Commercial, is underway on construction of The Renegade, a 104-unit project that will be located in the North Texas city of Denton. Designed by Archon Corp., The Renegade will be a four-story building in the downtown area. Amenities will include a resident clubhouse, fitness facility, dedicated quiet study areas, pet recreation area and landscaped courtyard spaces. HL Communities is developing the project in partnership with Colo Development Partners. Harmony Bank is financing construction, which is expected to be complete in the second quarter of next year.

August 27, 2025

Development Multifamily New Jersey Northeast

Urby Breaks Ground on 345-Unit Multifamily Project in Hoboken

by Taylor Williams August 27, 2025

HOBOKEN, N.J. — Urby, a joint venture between Ironstate Development and Brookfield Properties, has broken ground on a 345-unit multifamily project in Hoboken. Urby Hoboken will rise 16 stories and house studio, one- and two-bedroom units, with private terraces available in select residences. The centerpiece of the amenity package will be a fourth-floor courtyard that will feature a cold plunge pool, sunbeds, grilling stations and a fire pit pavilion. The pet-friendly building will also include a rooftop dog run. Lastly, Urby Hoboken will include more than 17,000 square feet of retail space. Mark DeLillo, Marc Schulder, Lee Spiegelman, Felipe Marin, Eli Zaoutis and Jeremy Silber of BlueGate Partners arranged $162 million in construction financing for the project through PCCP LLC. Completion is slated for summer 2027.

August 27, 2025

Acquisitions Connecticut Multifamily Northeast

NEPCG Negotiates $25.4M Sale of Multifamily Property in Groton, Connecticut

by Taylor Williams August 27, 2025

GROTON, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $25.4 million sale of a 141-unit multifamily property in Groton, located in southern coastal Connecticut. Groton Townhomes offers one-, two- and three-bedroom units as well as outdoor dining and gathering spaces. Bradley Balletto of NEPCG represented the New Jersey-based seller in the transaction and procured the buyers, Rowin Capital and its affiliate, Penlane Real Estate.

August 27, 2025

Acquisitions California Multifamily Western

County Center Sells Cypress Point Apartment Community in Ventura, California for $100M

by Amy Works August 27, 2025

VENTURA, CALIF. — County Center LP has completed the disposition of Cypress Point, an apartment complex in Ventura. Raintree Properties acquired the asset for $100 million, or $373,134 per unit. Built in 1990 on 14 acres, Cypress Point offers 268 apartments spread across 28 two-story residential buildings. First-floor units feature nine-foot ceilings and second-floor units have up to 12-foot vaulted ceilings. All apartments offer extra storage space, dishwashers, large closets and window coverings. Community amenities include a barbecue and picnic area, fitness center, clubhouse and covered parking. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the transaction.

August 27, 2025

Acquisitions Colorado Development Multifamily Western

RangeWater, TMGRI Buy Land in Arvada, Colorado for 380-Unit Multifamily Development

by Amy Works August 27, 2025

ARVADA, COLO. — A joint venture between RangeWater Real Estate and TMGRI, a subsidiary of The Meridian Group, has acquired a 16.7-acre site in northwest Arvada within Candelas, a master-planned community. Slated to break ground in September, the development will include 324 apartment residences with one- and two-bedroom floor plans ranging from 688 square feet to 1,196 square feet, along with 56 townhomes with two- and three-bedroom layouts ranging from 1,246 square feet to 1,823 square feet. Interior features will include open floor plans with nine-foot ceilings, chef-inspired kitchens with Shaker cabinetry, black granite and white quartz countertops, stainless steel appliances and large balconies. Additionally, townhomes will offer back patios and garages. Community amenities will include a standalone clubhouse featuring coworking space, a residents’ lounge, garden room and private offices. Other amenities will include an indoor/outdoor fitness club, resort-style pool and spa with outdoor dining and grilling areas, a dog park, fire pits and a community garden. Completion is scheduled for April 2028.

August 27, 2025

Acquisitions California Mixed-Use Multifamily Office Western

Kidder Mathews Arranges Sale of 57,000 SF Apartment, Retail Building in Encino, California

by Amy Works August 27, 2025

ENCINO, CALIF. — Kidder Mathews has brokered the sale of a mixed-use property at 16300 Ventura Blvd. in Encino. A private family office acquired the asset from an undisclosed seller. Marketed for $34 million, the 57,000-square-foot property sold for an undisclosed price. The property offers 49 residential units and two ground-floor commercial suites anchored by JP Morgan Financial Center and Pinnacle Estate Properties. The residences include a mix of townhomes, two-bedroom and one-bedroom units. Community amenities include a fitness center, hot tub, electric vehicle charging stations and subterranean parking. Darrell Levonian and Tanel Harunzade of Kidder Mathews, along with David Saghian of Lyon Stahl, represented the seller, while Levonian and Harunzade represented the buyer in the deal.

August 27, 2025

Development Multifamily New York Northeast

Stav Equities to Develop 16-Unit Apartment Building in The Bronx

by Taylor Williams August 27, 2025

NEW YORK CITY — Locally based firm Stav Equities will develop a 16-unit apartment building at 917 Home St. in The Bronx. The property will have 12 one-bedroom units and four studios that will be rented at market rates. Christian Dedvukaj of Princeton Realty Group represented both Stav Equities and the seller, the Saez Family, in the off-market acquisition of the land. The parcel sold for $715,000. Construction is expected to be complete next spring.

August 27, 2025

Loans Midwest Missouri Multifamily

Gantry Arranges $32.4M Loan for Refinancing of Apartment Community in Suburban St. Louis

by Kristin Harlow August 27, 2025

VALLEY PARK, MO. — Gantry has arranged a $32.4 million permanent loan to refinance construction debt for 44 West Luxury Living in the St. Louis suburb of Valley Park. Mia Rose Holdings is the developer and owner of the 204-unit, garden-style apartment community. Comprised of five buildings and a clubhouse, the property was completed in 2024. In addition to the clubhouse, amenities include a heated pool and sundeck, outdoor grill area and fitness center. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. An institutional direct lender provided the five-year, fixed-rate loan.

August 27, 2025

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers $10.9M Sale of Multifamily Property in Chicago’s Lakeview Neighborhood

by Kristin Harlow August 27, 2025

CHICAGO — Kiser Group has brokered the $10.9 million sale of a multifamily property located at 434 W. Wellington Ave. in Chicago’s Lakeview neighborhood. Lee Kiser, Andy Friedman, Jake Parker and Viktor Radzieta of Kiser represented the seller, TLC Management. The buyer, J&J Equities, plans to make property improvements. The asset was 98 percent occupied at the time of sale.

August 27, 2025

Acquisitions Florida Multifamily Southeast

FCP Acquires 427-Unit District West Gables Apartments in West Miami

by John Nelson August 27, 2025

WEST MIAMI, FLA. — FCP has acquired District West Gables, a 427-unit midrise apartment community located at 2001 Ludlam Road in West Miami. The seller and sales price were not disclosed. Hampton Beebe of Newmark represented the seller in the transaction. Additionally, Matt Williams, Daniel Matz and Rob Wright of Newmark arranged an undisclosed amount of acquisition financing on behalf of FCP. District West Gables was constructed in two phases in 2015 and 2017. The property offers studio, one-, two- and three-bedroom residences, as well as structured parking. Amenities include two resort-style pools, dual fitness centers, EV charging stations, a movie theater, cabana-lined sundecks and resident lounges. FCP plans to modernize common areas and amenities at District West Gables and renovate unit interiors. The Chevy Chase, Md.-based company has also tapped Greystar as property manager.

August 27, 2025

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