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DevelopmentMultifamilyNorth CarolinaSoutheast

Alliance Residential Opens 332-Unit Broadstone West End Apartments in Charlotte

by John Nelson

CHARLOTTE, N.C. — Alliance Residential has opened Broadstone West End, a 332-unit apartment community located at 2220 Wilkinson Blvd. in Charlotte’s FreeMoreWest neighborhood. The property includes studio, one and two-bedroom floorplans, with monthly rental rates starting at $1,359. Amenities include a saltwater pool, fitness center, outdoor grilling station with a Big Green Egg and pizza oven, two firepits with lounge seating and a resident clubroom. Other amenities include a speakeasy-inspired poker room that is hidden behind a cabinet door entrance, as well as indoor bike storage, a fenced dog park, EV charging stations, smart package lockers, package room with cold storage and gated parking. The design-build team includes McAdams Co. (civil engineer), Cline Design (architect) and MAD Studio Interiors (interior designer). Attractions within a mile of Broadstone West End include Legion Brewing and Pinky’s Westside Grill.

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AcquisitionsArkansasSoutheastStudent Housing

Aptitude Development Sells 647-Bed Student Housing Community Near University of Arkansas

by John Nelson

FAYETTEVILLE, ARK. — Aptitude Development has sold The Marshall Arkansas, a 647-bed student housing development located near the University of Arkansas campus in Fayetteville. Newmark brokered the disposition of the property to an undisclosed institutional investor. Terms of the transaction were not released. Developed in 2021, The Marshall Arkansas offers units in a mix of one-, two-, three- and four-bedroom configurations. Shared amenities include a resort-style pool and hot tub, outdoor kitchen, rooftop terrace, fitness center and fitness lawn, private and shared study spaces and a game room.

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AcquisitionsAffordable HousingMultifamilySouth CarolinaSoutheast

Comunidad Partners Acquires 234-Unit Haywood Apartments in Greenville

by John Nelson

GREENVILLE, S.C. — Comunidad Partners has acquired The Haywood, a 234-unit workforce housing community located at 100 Gloucester Ferry Road in Greenville, roughly one mile south of Simon’s Haywood Mall. The seller and sales price were not disclosed. The property was originally built in 1991 and was previously known as Hawthorne at the Park, according to Apartments.com. Comunidad Partners plans to renovate The Haywood’s unit interiors, facades and amenities. The company also plans to work closely with local and national nonprofit partners to establish resident services at the community.

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AcquisitionsGeorgiaIndustrialSoutheast

Newmark Brokers $40.2M Sale of Industrial Facility in Alpharetta, Georgia

by John Nelson

ALPHARETTA, GA. — Newmark has brokered the $40.2 million sale of a 251,729-square-foot industrial facility located at 3000 Marconi Drive in Alpharetta. Casey Keitchen, Collin BeVier, Barry Gabel, Chris Marchildon and C.J. Osbrink of Newmark represented the seller, JDM Partners, in the transaction. The buyer was not disclosed. The property offers 10 megawatts of power and was fully leased at the time of sale to a national property and casualty insurance provider, serving as one of the company’s national printing and imaging centers.

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LoansRetailSouth CarolinaSoutheast

JLL Arranges $14.3M Refinancing for Shopping Center Near Charleston

by John Nelson

MOUNT PLEASANT, S.C. — JLL Capital Markets has arranged a $14.3 million loan for the refinancing of The Plaza at East Cooper, a 102,731-square-foot shopping center located in Mount Pleasant, roughly two miles from downtown Charleston. Eric Tupler, Rob Bova and Ellie Savage of JLL’s Debt Advisory team, along with Alexis Kaiser of JLL’s Charlotte office, represented the borrower, an entity doing business as Bamoza LLC, in securing the loan through an unnamed insurance company lender. Aldi anchors The Plaza at East Cooper, which was 85 percent leased at the time of sale to tenants including Firehouse Subs, Batteries Plus and 843 Nail & Spa. The center was originally built in 1975 on roughly 37 acres, according to LoopNet.

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Distel-Circle-Los-Altos-CA.jpg
Affordable HousingCaliforniaDevelopmentMultifamilyWestern

EAH Housing, County of Santa Clara Break Ground on 90-Unit Affordable Housing Project in Los Altos, California

by Amy Works

LOS ALTOS, CALIF. — EAH Housing and the County of Santa Clara have broken ground on Distel Circle, an affordable housing rental community in Los Altos. Located at 330 Distel Circle, the property will offer 90 affordable residences for individuals and families earning between 30 percent to 80 percent of the area median income. Several units will be designated as permanent supportive housing to help address homelessness and housing instability in the region. Designed by KTGY Architects, Distel Circle will offer studio, one-, two- and three-bedroom apartments, a community room, an outdoor courtyard and dedicated on-site services. Construction is underway with completion slated for January 2027. The project’s primary funding source is Low Income Housing Tax Credit and State Credit equity. The County of Santa Clara contributed $25 million toward the development, of which $15.9 million came from the $950 million Measure A Affordable Housing Bond, which was approved by county voters in 2016, with the balance provided through the county’s No Place Like Home and HOME Investment Partnerships Program funds.

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Hazel-Dell-Vancouver-WA
LoansRetailWashingtonWestern

Gantry Secures $27.8M Refinancing for Hazel Dell Marketplace in Vancouver, Washington

by Amy Works

VANCOUVER, WASH. — Gantry has secured a $27.8 million permanent loan to refinance maturing debt for Hazel Dell Marketplace, a grocery-anchored retail center in Vancouver. Situated on 28 acres at 408-512 NE 81st St., Hazel Dell offers 227,680 rentable square feet spread across 11 buildings. Current tenants include Safeway, Ross, Marshalls and Parkrose Hardware. Blake Hering and Abi Hunter of Gantry represented the borrower, a family office owner and developer partnership between two family office groups, in the financing. The fixed-rate, 10-year loan was secured from one of Gantry’s exclusive correspondent life company lenders and features an introductory interest-only period and a 30-year amortization schedule. Gantry will service the loan.

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4645-E-Cotton-Center-Blvd-Phoenix-AZ
AcquisitionsArizonaOfficeWestern

Voit Negotiates $10M Sale of Multi-Tenant Office Building in Phoenix

by Amy Works

PHOENIX — Voit Real Estate Services has arranged the purchase of 4645 E. Cotton Center Boulevard, a multi-tenant office property in Phoenix. PRH XXXXV LLC, a private investor, acquired the asset for $10 million, or $86 per square foot, from an undisclosed seller. Situated within Cotton Corporate Center, the 116,858-square-foot property underwent $9.4 million in renovations and capital improvements over the past decade. Mike Bench of Voit represented the buyer, while Chris Toci, Eric Wichterman and Mike Coover of Cushman & Wakefield represented the seller in the deal.

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AcquisitionsMultifamilyOregonSeniors HousingWestern

SLIB Arranges Sale of Vacant 44-Unit Seniors Housing Community in Metro Portland

by Amy Works

SANDY, ORE. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Mount Hood Senior Living, a vacant 44-unit assisted living and memory care community located in Sandy, roughly 30 miles southeast of Portland. Totaling 26,000 square feet, the property was updated in 2022. A local operator acquired the community, which it plans to reopen. Jason Punzel, Vince Viverito, Brad Goodsell, Jake Anderson and Taylor Graham of SLIB brokered the transaction. 

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AcquisitionsColoradoIndustrialWestern

Unique Properties Brokers $2.2M Sale of Industrial Property in Denver

by Amy Works

DENVER — Unique Properties/TCN Worldwide has arranged the $2.2 million sale of an industrial building located at 5101 Columbine St. in Denver. Sam Leger, Jack Gitlin and Graham Trotter of Unique Properties/TCN Worldwide represented the undisclosed seller in the deal. The name of the buyer was not released.

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