CASHMERE, WASH. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Cashmere in central Washington. Situated on roughly 1.5 acres, the community comprises 42 units. A regional owner-operator seeking to expand its footprint in the state acquired the property for an undisclosed price. The seller was a local owner-operator exiting the industry. Jason Punzel, Vince Viverito, Jake Anderson and Taylor Graham of SLIB brokered the transaction.
TEXAS CITY, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Veranda, a 200-unit apartment complex in Texas City, a southeastern suburb of Houston. Veranda offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops and individual washers and dryers. Amenities include a pool, fitness center, clubhouse, basketball court and a movie theater. Eastham acquired the property in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed. Veranda was 95 percent occupied at the time of sale.
NEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged $76 million in construction-to-permanent financing for an office-to-residential conversion project in Lower Manhattan. The project will redevelop the historic, 21-story office building at 2 Wall St. into a 211-unit apartment complex. Jack Phillips of Largo Capital structured the debt. The direct lender was not disclosed. The borrower was also not disclosed, but the building is listed on the website of local landlord George Comfort & Sons.
ATLANTA — Alliance Residential has acquired nearly 3.7 acres in Atlanta’s Vinings/Smyrna submarket near The Battery Atlanta, the mixed-use village surrounding Truist Park, home of the Atlanta Braves. The Arizona-based developer is planning to develop Broadstone Lola, a 300-unit luxury apartment community, on the site. Designed by locally based Brock Hudgins Architects, Broadstone Lola will offer one- and two-bedroom floorplans ranging in size from 600 to 1,100 square feet. Along with a Parisian-inspired aesthetic, Broadstone Lola will feature amenities such as a resort-style saltwater swimming pool with a landscaped deck with grills, a grab-and-go market, fitness center, gaming lounge, clubroom with an indoor fireplace, private work spaces, conference room, pet spa and a secured parking garage with electric vehicle charging stations and dedicated bike storage. Alliance Residential expects to begin welcoming residents to Broadstone Lola in the summer of 2027.
CHARLOTTE, N.C. — Riverside Investment & Development and Woodfield Development have opened Vivian at Queensbridge Collective, a 42-story apartment tower in Charlotte. Goettsch Partners served as the architect for the project. Situated within the larger Queensbridge Collective mixed-use development, the 409-unit apartment tower offers studio, one-, two- and three-bedroom floorplans ranging in size from 558 to 2,180 square feet. Amenities at the complex are distributed across multiple levels of the building, including a ninth-floor fitness center with indoor/outdoor elements, a 10th floor resident lounge featuring bowling and virtual golf and a 42nd-floor rooftop pool deck with grilling stations and skyline views. Riverside and Woodfield began leasing Vivian in late 2025 and welcomed its first residents this month. Monthly rental rates range from $1,792 to $16,744, according to Apartments.com. This fall, Guard and Grace, the Michelin-recommended steakhouse led by chef Troy Guard, is scheduled to open on the 10th floor of Vivian. The 10,224-square-foot restaurant will include a 2,000-square-foot outdoor terrace, private dining areas and direct connections to both the public and residential components of the development. Additionally, the apartment building will be joined by a 43-story mixed-use office and residential tower under construction at 1111 S. Tyron St. that will comprise 20,000 square …
ST. PAUL, MINN. — Colliers has arranged the sale of Graham Place Senior Apartments, a 121-unit, 55-plus community located at 1745 Graham Ave. in St. Paul’s Highland neighborhood. The Low-Income Housing Tax Credit property, built in 2005, features 42 one-bedroom units and 79 two-bedroom units. Amenities include a fitness center, business center, corner store, beauty salon, guest suite accommodations, underground parking and 24-hour emergency maintenance. Northstar Properties of Minnesota Inc. was the buyer. Dan Linnell, Mox Gunderson, Adam Haydon, Devon Dvorak and Drew Jackson of Colliers represented the buyer and undisclosed seller.
EXCELSIOR, MINN. — Northmarq has provided a $22.7 million Fannie Mae loan for the refinancing of One West Drive, a boutique apartment building with 49 units in Excelsior. Andy Finn of Northmarq arranged the permanent fixed-rate financing on behalf of the borrower, which included Monarch Development Partners, Red Leaf Partners and Blue Baukol Capital Partners. Completed in late 2024, One West Drive is situated on the site of the former Excelsior City Hall. The property features seven connected two-story buildings. Units come in one-, two- and three-bedroom layouts as well as two-bedroom rowhomes with private rooftops and garages. Amenities include a spa pool, fitness and yoga studio, private dining room, coworking lounge, outdoor grilling area, resident garden, two-story lobby and dog run.
DALLAS — Local developer StreetLights Residential has broken ground on a 20-story apartment building in Dallas. The site is located at the southeast corner of Park Lane and U.S. Highway 75, and the building will offer 365 units in studio, one-, two- and three-bedroom floor plans that will range in size from 505 to 1,707 square feet. Residences will be furnished with stainless steel appliances, custom cabinetry and keyless entry mechanisms, while select units will feature wine refrigerators and built-in desks. Amenities will include a pool, fitness center, game room, private dining room, coffee bar, pet wash station, lounge and outdoor grilling and dining stations. StreetLights is developing the project in partnership with Mitsui Fudosan America. Completion is slated for early 2029.
KATY, TEXAS — A partnership between New York City-based Rockefeller Group and Pelican Builders has begun leasing Hudson Crossing, a 298-unit multifamily project in the western Houston suburb of Katy. Hudson Crossing offers one-, two- and three-bedroom residences that are furnished with stainless steel appliances, white quartz countertops, designer tile backsplashes, individual washers and dryers and private balconies. Select residences feature private yards. Amenities include a pool, fitness center, resident clubhouse with a coworking lounge and outdoor gathering areas with grills. Rents start at roughly $1,400 per month for a one-bedroom apartment.
MCDONOUGH, GA. — ECI Group has sold The Corwyn South Point Apartments, a 260-unit community located at 1000 Columns Drive in McDonough, a southern suburb of Atlanta. Morgan Properties purchased the property for an undisclosed price. David Gutting of Newmark represented the seller in the transaction. The Corwyn South Point features one-, two- and three-bedroom apartments. Amenities include a 2,000-square-foot clubhouse with a kitchen, fitness center with a dedicated yoga/spin room and a gathering room featuring a lounge, fireplace, TV and media center with a gaming area. Outdoor amenities include a resort-style pool with sun shelf and deck, grilling and fire pit areas, landscaped courtyard with a bocce ball court and a dog park and pet wash station.