Friday, November 7, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Multifamily

LoansLouisianaMultifamilySoutheastWalker & Dunlop

Reynolds Obtains $23.2M Agency Refinancing for Apartment Community in Bossier City, Louisiana

by John Nelson

BOSSIER CITY, LA. — New Jersey-based investment firms Reynolds Asset Management has obtained a $23.2 million Fannie Mae loan for the refinancing of Preston Place, a 272-unit apartment community located at 400 Preston Blvd. in Bossier City, a suburb of Shreveport, La. Allan Edelson of Walker & Dunlop arranged the financing. Devli Real Estate is a joint venture partner of Reynolds for Preston Place. Reynolds acquired Preston Place in 2023 for $23.7 million, and renovations began immediately after the acquisition. Originally constructed in 1985, Preston Place sits on eight acres and comprises a mix of 133 one-bedroom apartments, 138 two-bedroom apartments and one three-bedroom apartment.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyNorthmarqTexas

Avatar Financial Provides $7.3M Bridge Loan for Two Houston Multifamily Properties

by Taylor Williams

HOUSTON — Seattle-based lender Avatar Financial Group has provided a $7.3 million bridge loan for the refinancing of two garden-style multifamily properties in Houston. Donovan Village is a 78-unit complex on the city’s northwest side, and Station Apartments is a 60-unit complex in the Greater Heights area. The loan carries a two-year term and an a 70 percent loan-to-value ratio. Chad Owens of Northmarq arranged the debt. The borrower was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
WoodBrook-at-Randolph
DevelopmentMultifamilyNew JerseyNortheast

Woodmont, Canoe Brook Begin Leasing 199-Unit Apartment Complex in Randolph, New Jersey

by Taylor Williams

RANDOLPH, N.J. — Woodmont Properties and Canoe Brook Development have begun leasing WoodBrook at Randolph, a 199-unit apartment complex located about 40 miles west of Manhattan in Northern New Jersey. WoodBrook at Randolph consists of a four-story, mid-rise building that houses 97 traditional flats and seven townhome-style buildings that house the remaining 102 residences. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, coworking spaces and a game den with a sports simulator. Construction began in spring 2024. Information on starting rents was not announced.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaLoansMultifamilySeniors HousingWestern

BWE Secures $65M Bond Financing for Seniors Housing Community in Milpitas, California

by Amy Works

MILPITAS, CALIF. — BWE has arranged $65 million in bond financing for Ivy Park at Milpitas, a seniors housing property in Milpitas. The financing was secured on behalf of a joint venture between Blue Mountain Enterprises and SRM Development. Oakmont Management Group is managing the property. Ryan Stoll and Taylor Mokris of BWE arranged the financing. The loan was structured as a 15-year bond issuance, credit-enhanced by a letter of credit from Poppy Bank, and features five years of interest-only payments along with a favorable covenant structure. The financing provides the sponsor with enhanced flexibility and a long-term runway to complete lease-up and drive operational performance. The four-story, 205,000-square-foot Ivy Park at Milpitas offers 199 independent living, assisted living and memory care units, as well as a subterranean parking garage. Community amenities include all-day dining at The Vine at Ivy restaurant, a fitness center, indoor heated pool, library, salon, movie theater and a landscaped outdoor courtyard. The community also offers 24-hour staffing, concierge services and a social calendar for residents.

Continue Reading
FacebookTwitterLinkedinEmail
2890-W-116th-Pl-Westminster-CO
ColoradoLoansMultifamilyWestern

Mesa West Capital Provides $52M Refinancing for Multifamily Property in Westminster, Colorado

by Amy Works

WESTMINSTER, COLO. — Mesa West Capital has provided an affiliate of Crow Holdings Capital with $52 million in short-term, floating-rate first mortgage debt to refinance Canyon Reserve at the Ranch, an apartment community in Westminster. The property is located at 2890 W. 116th Place. Built in 1984, the 17-building, garden-style asset was fully repositioned by the sponsor in 2022. Canyon Reserve at the Ranch features 256 one- and two-bedroom units with modern finishes, including stainless steel appliances, in-unit washers/dryers, walk-in closets and private outdoor spaces. Community amenities include a resort-style swimming pool, outdoor grilling area, fitness center and dog park.

Continue Reading
FacebookTwitterLinkedinEmail
19909-SE-Stark-St-Portland-OR
AcquisitionsHealthcareMultifamilyOregonWestern

Norris & Stevens Brokers $5.3M Sale of Residential Care Facility in Portland

by Amy Works

PORTLAND, ORE. — Norris & Stevens has arranged the sale of a 16-room residential care facility located at 19909 SE Stark St. in Portland. The Pribeagu family sold the asset to an undisclosed buyer for $5.3 million. Constructed in 2003 and zoned for 34 beds, the 13,414-square-foot facility comprises two buildings on 1.4 acres. All 16 rooms are fully furnished and ADA compliant with private bathrooms and individual temperature control. Facility amenities include a full kitchen, three laundry rooms, an intercom system, office spaces, a large community room, two storage sheds and approximately 3,000 square feet of garage space. David Chatfield of Portland-based Norris & Stevens represented the seller, while Lindsay Murphy of Apex Real Estate Partners represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestMultifamily

Wingspan, Tucker Development Deliver First Townhomes at Multifamily Project in Skokie, Illinois

by Kristin Harlow

SKOKIE, ILL. — A joint venture between Wingspan Development Group and Tucker Development has delivered the first rental townhomes at The Henry at Harms Woods, a 294-unit multifamily property in Skokie. Located next to Life Time Fitness and near Westfield Old Orchard mall just west of I-94, the 11-acre development will include 245 apartment units, 49 rental townhomes and approximately 13,000 square feet of commercial space. First move-ins for the townhomes start this month, with the balance slated for this fall. Designed by HKM Architects + Planners and built by Nicholas & Associates, The Henry at Harms Woods will offer studio, one-, two- and three-bedroom luxury apartment units and three- and four-bedroom townhomes. The four-bedroom Maple and Oak floor plans, which span approximately 2,500 square feet, start at $6,800 per month. Amenities include expansive courtyards, an outdoor pool, fitness center and work-from-home stations.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMissouriMultifamily

Berkadia Arranges Sale of 110-Unit Multifamily Property in Downtown Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Berkadia has arranged the sale of The Locarno, a 110-unit multifamily property in downtown Kansas City. Located at 235 Ward Parkway, the high-rise asset features views of Country Club Plaza and Brush Creek. The property was built in 1928 and renovated in the mid-1980s. Michael Spero, Niko Vrentas and Simon Rodewald of Berkadia represented the seller, Locarno Partners LLC. The asset sold to ELKCO Properties in joint venture with Leale Capital. Both companies are based in Denver.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyOfficeWisconsin

Marcus & Millichap Brokers $7.3M Sale of Apartment, Office Building in Marinette, Wisconsin

by Kristin Harlow

MARINETTE, WIS. — Marcus & Millichap has brokered the $7.3 million sale of Dunlap Square, a multifamily and office building in Marinette, a city in northeast Wisconsin. Built in 1920 and located at 1655 Ludington St., the property features 97 apartment units and 21 office suites. Dan Bowar of Marcus & Millichap represented the seller, Three Sixty Real Estate Solutions, and procured the buyer, Ruesch Management Inc. The buyer plans to renovate the unoccupied street-level retail space.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFloridaMixed-UseMultifamilySoutheast

Miami-Dade County Approves $880M Mixed-Use Development in Miami’s West Little River District

by John Nelson

MIAMI — Miami-Dade County has approved the development of The HueHub, an $880 million mixed-use development in Miami’s West Little River district. Spanish-based developer Pablo Castro is teaming up with locally based Laura Tauber to lead the development. Situated on 12 acres at 8395 N.W. 27th Ave., The HueHub is slated to add more than 4,000 “attainably priced” apartments across seven 35-story towers. Residences will be fully furnished, with monthly rents starting at approximately $1,300 for a studio, $1,600 for a one-bedroom unit and $1,900 for two-bedroom units. The project will also feature nearly 200,000 square feet of interior amenities such as a learning center, communal areas, dedicated workspaces, laundry services and an urgent care facility, as well as a two-acre park. The design-build team includes Arquitectonica, Coastal Construction, Bilzin, Greenberg Traurig LLP and Franyie Engineers. The development team plans to break ground on The HueHub by the end of the year. According to multiple media outlets, the development is one of the largest to utilize Florida’s Live Local Act, which is legislation passed in 2023 to support the development of affordable and workforce housing.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts