Tuesday, May 13, 2025

News

The Palms at Edgewater

URS Capital Partners Acquires The Palms at Edgewater a 288-Unit Class A Community in...

URS Capital Partners has successfully acquired The Palms at Edgewater, a 288-unit Class A multifamily community located in the rapidly growing Charleston suburb of Summerville, South Carolina. The $58.5 million transaction closed in under...
Elan Capital Hills

Suburban Sanctuary Elan Capital Hills Now Accepting Move-ins

Greystar, a global leader in the investment, development, and management of real estate, announced that Elan Capital Hills is now welcoming residents. "We're thrilled to be welcoming residents to Elan Capital Hills," William Barrett, Director...
Roselyn

Lennar Announces Grand Opening of Roselyn Bringing Active Adult Living to Lancaster South Carolina 

Lennar, one of the nation's leading homebuilders announced the grand opening of Roselyn, a brand new, master-planned Active Adult community designed for a 55+ lifestyle in northern Lancaster County. The grand opening will offer an...
Sunela

Harbor Group International Provides $64M Bridge Loan to Newly Built Sunela a Multifamily Property...

Affiliates of Harbor Group International, LLC ("HGI"), a privately owned international real estate investment and management firm announced it provided a $64 million senior loan to a joint venture between Greystar Development ("Greystar") and...
Garden Vista

Vista Residential Partners Announces Groundbreaking of Luxury 221 Unit Multifamily Development Garden Vista 

Vista Residential Partners, a national multifamily development firm, has broken ground on 6.7 acres on Central Boulevard in Palm Beach Gardens, FL for the development of Gardens Vista, a 221-unit, 4-story luxury apartment community. Garden...
333 Bay Street

BSR REIT Completes Strategic Sale of Dallas Portfolio to AvalonBay Communities for $431.5M

BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX: HOM.U) (TSX: HOM.UN) announced that it has closed the previously announced contribution transaction (the "Contribution Transaction"), pursuant to which BSR Trust, LLC ("BSR Trust"),...
Miami Arizona

KeyBank Provides $35M of Financing for Construction and Rehabilitation of New Rural Affordable Housing...

KeyBank Community Development Lending and Investment (CDLI) provided a $13.9 million construction loan and $21.4 million in low-income housing tax credit (LIHTC) financing for the construction and rehabilitation of Miami Inspiration Housing in Miami,...
175 THIRD STREET

Co-Developers Charney Companies and Tavros Close on 175 Third Street Becoming the Largest New...

Charney Companies and Tavros announced significant funding for 175 Third Street, the planned fourth building in their jointly developed campus Gowanus Wharf. Once completed, 175 Third Street will be the largest building in Gowanus,...

Update: Rent control advances in Washington, stalls in California

Update May 12, 2025: Governor Bob Ferguson (D) has signed the Washington state rent control bill. Its provisions take effect immediately. The St Paul city council has passed changes to its rent control ordinance that...
mixed report on builder confidence

Multifamily builder confidence slightly lower in Q1

The National Association of Home Builders (NAHB) quarterly survey of multifamily builders showed a slight decline in confidence in the market for new multifamily housing. The survey provides 3 measures of sentiment, the Multifamily...
Amberleigh Apartments

Berkadia Arranges $129M Debt & Equity Refinance Amberleigh Apartments of Northern Virginia

Berkadia, a distinguished leader in the commercial real estate sector, announced the successful refinancing of Amberleigh Apartments, a 752-unit, garden-style, multifamily community located in Fairfax, Virginia. On behalf of the Sponsor, Redbrick LMD, Berkadia DC...
Arboretum at Farmingville

BRP Companies Celebrates Completion of The Arboretum at Farmingville in Brookhaven New York

BRP Companies celebrated the grand opening of the remaining units of the Arboretum at Farmingville, a 491,000-square-foot, 292-unit, garden-style, residential community located at 20 Maple Lane in Farmingville, New York within the Town of...
Core Apartment Homes

Core Apartment Homes Introduces New Lifestyle-Forward Living in a Prime Southwest Las Vegas Location

Warmington Apartment Communities has introduced a new luxury rental community in Southwest Las Vegas. Core Apartment Homes is now hosting tours and pre-leasing for the first move-ins this month. Located on a 6.41-acre site at...
Soma Towers

The Sobrato Organization Closes $193M Purchase of Soma Towers in Bellevue

The Sobrato Organization has closed on a major residential buy in the Pacific Northwest, paying $192.85 million for Soma Towers, a 273-unit ($706.4k/unit) multifamily community in Bellevue, Washington. Located at 288 106th Avenue NE in...
Apella on Newport

JLL Secures $97.45M in Refinancing for New Student Housing Community Apella on Newport in...

JLL Capital Markets announced that it has secured a $97.45 million financing for Apella on Newport, a 576-bed newly constructed student housing community in Tampa, Florida. JLL worked on behalf of the borrower, Commercial Street...
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