Multifamily

Eagle Real Estate, Vistria Group Acquire 402-Unit Apartment Community in Garden Grove, California

by Amy Works July 9, 2026

GARDEN GROVE, CALIF. — Eagle Real Estate Partners and The Vistria Group have acquired Crystal View Apartments, a 402-unit mixed-income workforce housing community in Garden Grove. An undisclosed seller sold the asset for $132.5 million. Through the acquisition, Eagle and Vistria plan to extend affordability for 20 percent of the community’s units restricted to households earning up to 50 percent of area median income (AMI) and establish new long-term affordability restrictions for an additional 30 percent of units at 80 percent of AMI. Crystal View Apartments features garden-style units, 555 parking spaces, onsite resident services, a resort-style pool, fitness center and a sports complex. The property was built in 1968 and renovated in 2012. Geoff Boler and Jonathan Merhaut of Newmark handled the transaction.

July 9, 2026

Colorado Development Multifamily Texas Top Stories Virginia

Crow Holdings Receives $380.2M Refinancing for Multifamily Portfolio

by Hayden Spiess July 9, 2026

DALLAS — Crow Holdings, a privately owned real estate investment and development firm based in Dallas, has received $380.2 million for the refinancing of a multifamily portfolio. Totaling 1,549 units, the portfolio is located in Texas, Colorado and Virginia. The properties include Alexan Lower Greenville in Dallas; Alexan Braker Pointe and Alexan Waterloo in Austin, Texas; Alexan Julian in Denver; and Alexan Florence in Alexandria, Va. AllianceBernstein provided the financing. Andy Scott, Michael Cosby, Kris Lowe, Tom Burns and Bo Beidleman of CBRE secured the refinancing on behalf of the borrower. Trammell Crow Residential (TCR) developed each of the communities in partnership with Crow Holdings. Alexan Lower Greenville totals 475 units and was built in 2019. Built in 2023, Alexan Braker Pointe comprises 314 units across six stories. Alexan Waterloo was built in 2021 and features 272 units. Alexan Julian was built in 2020, and Alexan Florence was delivered a year later, in 2021, with 286 units. Based in Dallas, TCR is a real estate development company of Crow Holdings. Since its inception 45 years ago, the firm has built more than 291,000 multifamily units, with a local presence in 15 U.S. markets. — Hayden Spiess

July 9, 2026

Acquisitions Multifamily Texas

MG Properties Buys 458-Unit Apartment Community in Richardson, Texas

by Taylor Williams July 8, 2026

RICHARDSON, TEXAS — MG Properties has purchased Reserve at Spring Creek, a 458-unit apartment community located in the northeastern Dallas suburb of Richardson. Built on 17 acres in 2019, the property offers one-, two- and three-bedroom units with an average size of 921 square feet and amenities such as a pool, fitness center, outdoor grilling and dining stations, coworking lounge, coffee bar and a social lounge. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Jack Windham of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller, an affiliate of Lone Star Funds, in the transaction. Cameron Chalfant, Brian Eisendrath, Harry Krieger and Scott Arenzon, also with IPA, arranged an undisclosed amount of agency acquisition financing for the deal.

July 8, 2026

Multifamily New York Northeast Office

Reports: Midtown Manhattan Office Building ‘Stable’ Following Yesterday’s Evacuation

by Taylor Williams July 8, 2026

NEW YORK CITY — The Midtown Manhattan office building that is under construction on East 42nd Street and was evacuated on Tuesday, July 7 following reports of buckling columns, sagging floors and falling debris is in “stable” condition, according to reports from USA Today and NBC News on the morning of Wednesday, July 8. Both publications cited a Tuesday evening statement from Ahmed Tigani, commissioner of the New York City Department of Buildings, in reporting this assessment. USA Today also reports that Tigani told reporters that “jacks were in place to stabilize the weak points, and new steel was being installed to create additional stability.” In addition, CNN reported this morning that New York City officials are “confident” in the efficacy of the emergency measures undertaken over the past 24 hours but have not ruled out the possibility of a partial, or “localized” collapse. CNN also reported that additional stabilization practices will be implemented in the coming days. About a year ago, a partnership between Metro Loft Management and David Werner Real Estate Investments announced plans to execute a residential conversion of the 10-story office building at 219 E. 42nd St. The partnership planned to merge the converted space at …

July 8, 2026

Loans Multifamily Oregon Western

Gantry Places $40M in Loans for Suburban Portland Multifamily Communities

by Amy Works July 8, 2026

CLACKAMAS AND TIGARD, ORE. — Gantry has placed two $20 million permanent loans for a single sponsor to refinance maturing debt for a pair of apartment communities near Portland, Ore. Blake Hering and Kristin Lapinskas of Gantry’s Portland office arranged the loans on behalf of the undisclosed borrower. The five-year, fixed-rate, nonrecourse permanent loans were provided by one of Gantry’s correspondent life company lenders. The loans feature full-term, interest-only payment schedules. Gantry will also service the loans. The properties are Squires Court in Clackamas and Riverwood Heights in Tigard. Totaling 475 units, the garden-style assets feature a mix of one-, two- and three-bedroom floor plans. Community amenities include pools, clubhouses and “well-maintained” structures and landscaping.

July 8, 2026

Acquisitions Affordable Housing California Multifamily Western

Marcus & Millichap Negotiates $9.7M Sale of Affordable Housing Property in Oakland

by Amy Works July 8, 2026

OAKLAND, CALIF. — Marcus & Millichap has negotiated the $9.7 million sale of Garden Villas, an affordable housing property located at 1256 99th Ave. in Oakland. Adam Levin of Marcus & Millichap’s Levin Johnston team represented the undisclosed seller and procured undisclosed buyer in the deal. Constructed in 1943, Garden Villas consists of 18 four-plex buildings offering a total of 73 one- and two-bedroom units. Community amenities include a leasing office, laundry facility, recreation space, onsite manager’s residence and private parking. More than half of the units have been renovated with updated kitchens and interiors, dishwashers, vinyl plank flooring, tiles and other modern finishes.

July 8, 2026

Development Multifamily South Carolina Southeast

Woodfield to Begin Construction on 285-Unit Apartment Community in Charleston

by John Nelson July 8, 2026

CHARLESTON, S.C. — Woodfield Development plans to soon break ground on Westbourne Ashley Landing, a 285-unit apartment community in Charleston. The property will serve as the multifamily component of Ashley Landing, a 31-acre mixed-use redevelopment in Charleston’s West Ashley neighborhood. EDENS is the master developer of Ashley Landing, which will feature 240,000 square feet of retail and commercial space, including a Publix grocery store. TD Bank provided an undisclosed amount of construction financing for the multifamily development, while PGIM Real Estate is providing equity financing. Upon completion, which is expected by third-quarter 2028, Westbourne Ashley Landing will feature studio, one-, two- and three-bedroom apartments ranging in size from 384 to 1,663 square feet. Amenities will include EV charging stations, indoor mail rooms with package concierge services, fitness facilities with private studios, a business center with work pods, grab-and-go market, pet spa and park, pickleball court and a saltwater pool with a sunbathing deck. The project team includes Housing Studio, Seamon Whiteside, Shah Interiors, S Wilkins Interiors, SPX and Carter and Carter.

July 8, 2026

Acquisitions Multifamily New York Northeast Seniors Housing

Marcus & Millichap Brokers Sale of 82-Bed Skilled Nursing Facility in Hoosick Falls, New York

by Taylor Williams July 8, 2026

HOOSICK FALLS, N.Y. — Marcus & Millichap has brokered the sale of an 82-bed skilled nursing facility in Hoosick Falls, located about 30 miles northeast of Albany. Originally built in 1954 and expanded in 1995, the single-story facility at 21 Danforth St. features a community dining hall, resident lounges and outdoor walking areas. Joseph Knapp and John Horowitz of Marcus & Millichap represented the undisclosed seller in the transaction.

July 8, 2026

Development Illinois Midwest Multifamily

Focus Tops Out 19-Story Apartment Building in Chicago’s Fulton Market

by Kristin Harlow July 8, 2026

CHICAGO — Chicago-based developer Focus has topped out 1221 W. Washington Blvd., a new apartment tower in Chicago’s Fulton Market neighborhood. Focus is also serving as the general contractor. Designed by Pappageorge Haymes, the 19-story, 286,232-square-foot development will feature a concrete podium with a brick façade, topped by a glass curtain wall spanning floors five through 19. Once complete, the project will include 287 apartment units, roughly 2,700 square feet of ground-floor retail space and 110 parking spaces. Apartments will come in a mix of studio, one- and two-bedroom units. Amenities will total more than 25,000 square feet and include three rooftop decks with a pool and grilling stations, a spa with an indoor hut tub, sauna, a fitness center with yoga and spin studios, private coworking spaces and a dog spa and dog run. Partner’s By Design is the interior designer, and Luxury Living is handling marketing and leasing. The development will be known as 1221, and first deliveries are anticipated in January 2027. The project is a Focus-led joint venture between DAC Developments and Melrose Ascension Capital. CIBC Capital and Heitman provided financing.

July 8, 2026

Affordable Housing Development Michigan Midwest Mixed-Use Multifamily

Southfield City Council Approves $65.1M Office Redevelopment Project in Metro Detroit

by Kristin Harlow July 8, 2026

SOUTHFIELD, MICH. — The Southfield City Council has approved a $65.1 million redevelopment project that will transform the former Blue Cross Blue Shield campus on West 11 Mile Road into a mixed-use community featuring 305 workforce housing apartments, neighborhood retail and opportunities for future commercial development. The project, led by DV Properties LLC, an affiliate of Brady Sullivan, will breathe new life into two former office towers that have remained underutilized for years. All apartments will be marketed to households earning up to 120 percent of the area median income. Construction timelines and additional project updates will be shared as redevelopment activities move forward, according to the city.

July 8, 2026

Newer Posts

Older Posts