Property Type

Cushman & Wakefield Arranges $136M Loan for Refinancing of Jersey City Apartment Building

by Taylor Williams March 23, 2026

JERSEY CITY, N.J. — Cushman & Wakefield has arranged a $136 million loan for the refinancing of Modera Lofts, a 366-unit apartment building located in the Powerhouse Arts District in Jersey City. Completed in 2016, Modera Lofts offers studio, one- and two-bedroom floor plans. Amenities include a fitness center, a rooftop deck, indoor lounge, 24-hour concierge services and a pet spa, and the building also houses about 13,000 square feet of retail space and unique rentable artist studios. John Alascio, Alex Hernandez, Chris Moyer, Chuck Kohaut, Alex Lapidus and Meredith Donovan of Cushman & Wakefield arranged the loan through J.P. Morgan on behalf of the borrower, Harrison Street Asset Management.

March 23, 2026

Acquisitions Multifamily Northeast Rhode Island

Audubon Capital Buys 151-Unit Multifamily Portfolio in Providence

by Taylor Williams March 23, 2026

PROVIDENCE, R.I. — Audubon Capital Partners, a real estate private equity firm, has purchased a portfolio of two multifamily properties totaling 151 units in Providence. Both Chestnut Commons (92 units) and 95 Lofts (59 units) are located in the downtown area on adjacent sites. Chestnut Commons was built in 2020 and offers one-, two- and three-bedroom units with an average size of 774 square feet, while 95 Lofts was completed in 2017 and features studio, one- and two-bedroom floor plans with an average size of 550 square feet. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the sellers, represented the sellers, two partnerships led by Waldorf Capital Management, in the transaction.

March 23, 2026

Acquisitions Multifamily New Jersey Northeast

Kislak Negotiates $20M Sale of Apartment Complex in Neptune City, New Jersey

by Taylor Williams March 23, 2026

NEPTUNE CITY, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $20 million sale of Hampshire Terrace, an 80-unit apartment complex located in the coastal New Jersey community of Neptune City. The garden-style, freshly renovated complex offers 56 one-bedroom units and 24 two-bedroom units. Robert Holland of Kislak represented the seller, Hampshire Associates, in the transaction. Daniel Lanni, also with Kislak, represented the undisclosed buyer.

March 23, 2026

Acquisitions Mixed-Use Northeast Pennsylvania

JLL Brokers Sale of 34,795 SF Mixed-Use Building in Philadelphia

by Taylor Williams March 23, 2026

PHILADELPHIA — JLL has brokered the sale of a 34,795-square-foot mixed-use building in Philadelphia’s Rittenhouse Square neighborhood. Originally constructed in 1937 and last renovated in 2009, the five-story building at 1619-1621 Walnut St. was 11 percent leased at the time of sale. Jim Galbally, Fran Coyne, Carl Fiebig, JP Colussi and Patrick Higgins of JLL represented the seller, Nuveen Real Estate, in the transaction. The buyer was MZP AG, a private investment group based in Switzerland.

March 23, 2026

California Loans Multifamily Western

BWE Secures $82.9M in Financing for Multifamily Community in Simi Valley, California

by Amy Works March 23, 2026

SIMI VALLEY, CALIF. — BWE has secured an $82.9 million loan for River Ranch Apartments, a garden-style multifamily property in Simi Valley. Jake Roberts and Mike Guterman of BWE originated the financing from Fannie Mae on behalf of Decron Properties. The five-year, fixed-rate loan will allow Decron to pay off existing bank debt while getting cash out that will allow the owners to continue to operate River Ranch. Built in 1985 and renovated in 2016, River Ranch features 398 one-, two- and three-bedroom apartments with stainless steel appliances, energy-efficient kitchens with granite countertops and private patios and balconies. Community amenities include a pool, dog park, fitness center and resident clubhouse.

March 23, 2026

Affordable Housing California Development Multifamily Western

Bogard Construction Breaks Ground on 100-Unit Educator Housing Project in Santa Cruz, California

by Amy Works March 23, 2026

SANTA CRUZ, CALIF. — Bogard Construction, in partnership with Santa Cruz City Schools, has broken ground on the district’s first Educator Housing Community at 313 Swift St. The property will offer 100 below market-rate apartments designated for district teachers and staff. Funded through voter-approved Measures K and L, the project is being delivered through an Alternative Design-Build approach with Bogard, Santa Cruz Schools, EHDD and Studio VARA working together throughout the process to align budget, constructibility, site planning and program goals. The 120,000-square-foot community will feature studio, one-, two- and thee-bedroom apartments, along with site improvements and renovations to two existing buildings on the property. Architecturally, the project is organized into smaller neighborhoods across three distinct masses connected by elevated bridges and exterior walkways. Completion is slated for 2028.

March 23, 2026

Acquisitions Arizona Multifamily Western

Neighborhood Ventures Acquires 86-Unit Multifamily Community in Uptown Phoenix

by Amy Works March 23, 2026

PHOENIX — Neighborhood Ventures has purchased Venture on 16th, an 86-unit apartment property in the Biltmore District of Uptown Phoenix, from an undisclosed seller for $19.5 million. Venture on 16th features two-, three- and four-bedroom apartments, a resort-style pool with glass fencing, a clubhouse and fully equipped fitness center. Neighborhood Ventures plans to stabilize the property with long-term financing and align rents with market levels.

March 23, 2026

Acquisitions California Industrial Western

Pacific Coast Commercial Brokers $10M Sale of Pioneer Business Park in El Cajon, California

by Amy Works March 23, 2026

EL CAJON, CALIF. — Pacific Coast Commercial has arranged the sale of Pioneer Business Park, a multi-tenant industrial facility in El Cajon. Paradise Properties of East County LLC purchased the property from Brown Trust for $10 million. Situated on 2.5 acres at 150 Pioneer Way, the property offers 45,276 square feet of industrial space that is zoned M for manufacturing use. Ken Robak and Brian Crepeau of Pacific Coast Commercial handled the transaction on behalf of both the seller and buyer. Additionally, Pacific Coast Commercial will provide leasing and property management services for the property. Ticor Title Co.’s Church Team and Tonya Courtney handled escrow and title services.

March 23, 2026

Loans Midwest Multifamily Ohio Seniors Housing

Greystone Provides $46M Refinancing for Seniors Housing Portfolio in Ohio

by Kristin Harlow March 23, 2026

OHIO — Greystone has provided a $46 million bridge-to-HUD loan for the refinancing of a two-property seniors housing portfolio in Ohio. Christopher Clare, David Young, Ben Rubin, Ryan Harkins, Parker Nielsen and Liam Gallagher of Greystone originated the financing. The portfolio includes 118 skilled nursing units, 16 memory care units, 232 assisted living units and 10 independent living units. The bridge loan enables the borrower to refinance the properties and position the assets for long-term, HUD-insured permanent financing.

March 23, 2026

Acquisitions Industrial Midwest Minnesota

Terrace Group, Midloch Investment Partners Buy 270,022 SF Industrial Business Park Near Minneapolis

by Kristin Harlow March 23, 2026

FRIDLEY, MINN. — The Terrace Group has acquired River Tech Workplace in the Minneapolis suburb of Fridley. Midloch Investment Partners is the equity partner in the acquisition. The four-building flex industrial park totals 270,022 square feet and is situated on nearly 20 acres. Constructed in 1987, River Tech Workplace features a mix of spaces designed to accommodate tenants such as light industrial, service, technology and medical users. Bentley Smith of CBRE represented the undisclosed seller.

March 23, 2026

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