Multifamilybiz-com Press Releases

ROSEMONT, IL - Construction is completed at District Eastside, a 262-unit multi-family residence built by McShane Construction Company for repeat client Flournoy Development Group. Located in Greenville, South Carolina, this development integrates luxury apartment living with a first-rate amenity package. The completion of District Eastside reflects the strong partnership between McShane and Flournoy, remarked Dave Meadows, Vice President & Regional Manager at McShane. We re thrilled to provide a thoughtfully designed community to support Greenville s growing population. Positioned on a nine-acre site at the intersection of Pelham and Boiling Springs Roads, District Eastside features five four-story wood-frame buildings with attractive brick, cementitious panel, and lap siding […]

MIAMI, FL - WD Capital Group has arranged $101 million in construction financing for Visions Orlando Resort & Spa, a 70-acre master-planned luxury resort community in Davenport, Florida. The financing supports the continued development of one of Central Florida's largest resort residential communities, combining luxury vacation residences with hospitality-driven amenities designed for both owners and guests. Sponsored by Urban Network Capital Group (UNCG) and Vertical Developments, the project features a mix of single-family homes, townhomes, and condominium residences complemented by an extensive amenity program and neighborhood-serving retail. Across Phases I, II, III, and V, all 460 residential units have been fully pre-sold, providing a strong foundation for the project's […]

NEW YORK, NY - Greystone, a leading national commercial real estate finance company announces Greystone Capital Advisors LLC, together with its affiliate Greystone CARE Broker Inc., and Cap Pointe Advisors LLC ( Cap Pointe ), a Los Angeles–based boutique real estate investment banking and advisory firm served as exclusive co-advisors to SoLa Impact Opportunity Zone Fund, LP ( SoLa Impact or the Sponsor ) in connection with the successful closing of a $104,475,000 taxable municipal bond financing secured by fourteen (14) affordable multifamily properties throughout Los Angeles County. The portfolio collateral is comprised of newly constructed and renovated apartment communities completed between 2022 and 2025, principally occupied by tenants holding Section 8 Housing Choice Vouchers. […]

BALTIMORE, MD - Continental Realty Corporation (CRC), a privately held Baltimore-based real estate investment and management company active in 16 states with a portfolio value of approximately $5 billion, has promoted Amy Price to Assistant Vice President, Learning and Development, Multifamily Operations. Price will provide educational and personal growth opportunities to support the continued development of the company s multifamily division. CRC currently owns and manages more than 10,000 apartment homes across six states. Price, who joined the company in 2016, brings more than 10 years of diversified real estate experience to the position and was formerly Senior Marketing and Training Specialist. Price will lead the rollout of new mentorship programs and create pathways for team […]

BEVERLY HILLS, CA - Kennedy Wilson, a global real estate investment company, has partnered with Kenedix, Inc. and Hulic Co., Ltd. to acquire Carraway, a 421-unit multifamily community in West Harrison, New York, for $237 million. The acquisition further expands Kennedy Wilson s investment management platform and deepens its relationship with long-standing Japanese partners Kenedix and Hulic. Completed in 2021, the Class A property is located in Westchester County, approximately 25 miles north of Manhattan, and features a mix of studio, one-bedroom and two-bedroom residences, structured parking and approximately 6,400 square feet of ground-floor retail space. Carraway features a highly amenitized living experience, including a resort-style pool, fitness center, coworking space and on-site […]

MIAMI, FL - Woodfield Development, one of the nation s top 20 developers of Class A multifamily communities, has secured construction financing for Sarasota Square Apartments, a 355-unit multifamily community within the redevelopment of the former Sarasota Square regional mall in Sarasota, Florida. Groundbreaking is expected in the coming weeks. The financing milestone advances the next phase of the nearly 100-acre Sarasota Square redevelopment, a mixed-use project being led by Torburn Partners that will introduce a walkable mix of residential, retail, dining, office, and entertainment uses to one of Sarasota County's most prominent commercial corridors. Sarasota Square Apartments is financed by PNC Bank. We are excited to advance Sarasota Square Apartments and begin construction on a […]

CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $3.25 million sale of 1710 W. Lunt Ave., a newly renovated 12-unit multifamily building in Chicago s Rogers Park neighborhood. The transaction equates to $270,833 per unit. Interra Senior Managing Partner Brad Feldman represented the buyer, a local family real estate operator. Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the seller, a local private developer. The property was 92% occupied at the time of the transaction. This sale demonstrates the depth of demand for stabilized, high-quality multifamily assets in Chicago neighborhoods where renters are willing to pay for renovated product, said Feldman. With construction costs […]

DENVER, CO - National full-service real estate firm Draper and Kramer, Incorporated, today announced its Denver-area multifamily property Tempo Nine Mile Station, a 255-unit rental community located within the 22-acre The Point master planned development in Aurora, Colo., has reached stabilization. The Chicago-based firm has also taken over property management for both Tempo Nine Mile Station and The Wright, a 203-unit multifamily property at 6465 S. Xanadu Way in Centennial, Colo., that Draper and Kramer acquired in August 2023. With two fully stabilized properties in our Denver portfolio, we are in a great position to further solidify our presence in Colorado by bringing our proven in-house property management services to this market, said Julie Stevlingson, senior vice president […]

PHOENIX, AZ - TSB Capital Advisors, the national leader in student housing and multifamily real estate advisory services, is proud to announce the hiring of Wen De Tam as the firm s new Head of International Capital Markets. Wen De will help lead the growth of the company by cultivating relationships and promoting equity participation from international capital sources. This is a significant step for the expansion of TSB Capital Advisors and reinforces our commitment to serving our clients with the absolute best talent in the industry, says Timothy S. Bradley, founder of TSB Capital Advisors. We ve worked with Wen De for years, so we know his high level of character and incredible expertise. His deeply rooted global connections align perfectly with the basis of our company—that […]

DENVER, CO - Greystar, a global leader in the investment, development, and management of residential real estate, announces that The Parson, its new luxury community in the thriving Golden Triangle neighborhood, is now open for in-person tours. Located at 990 N Cherokee, the high-rise community offers panoramic views of the Rocky Mountains and the Denver skyline, with first move-ins Mid-June. The Parson comprises 309 luxury residences, including 21 studios, 161 one-bedrooms, 95 two-bedrooms, 9 three-bedrooms, and 23 penthouses, available in two- or three-bedroom floor plans, with square footage ranging from 547 to 3,260. Designed by Ziegler Cooper Architects with interiors by ESG Architecture and Design, The Parson features elevated finishes, including custom light fixtures, engineered […]

MIAMI, FL - RSP Architects, the national architecture and design practice, announces the groundbreaking of 14 ROC, a striking 31-story residential tower that will introduce a new architectural landmark to Downtown Miami's flourishing Arts and Entertainment District. Developed by 14th Street Miami Investments LLC, which is managed by builder Russell Galbut, the 283-unit project represents a new generation of urban residential development that prioritizes walkability, connectivity, and community while contributing a bold new presence to Miami's evolving skyline. RSP serves as 14 ROC s design architect, with MAWD leading the interior design, Urban Robot overseeing landscape architecture, Seawood Builders serving as general contractor and Cervera Real Estate is providing the project s sales […]

WESTLAKE VILLAGE, CA - Mesa West Capital has provided an $82.5 million first mortgage loan to a joint venture between Harrison Street Asset Management and Security Properties to refinance Olin Fields, a 352 unit garden style apartment community in the Seattle suburb of Everett, Washington. Built on 16 acres, the 21 building property offers a mix of one , two , and three bedroom units featuring in unit washers and dryers, stainless steel appliances, digital thermostats, quartz countertops, wood burning fireplaces and private patios in select units. Community amenities include a fitness center, indoor basketball court, indoor and outdoor pools, an outdoor lounge with fire pits and barbeques, a dog park, a playground and 24 hour package lockers. Since acquiring the property in 2022, the […]

SCOTTSDALE, AZ - Optima McDowell Mountain, a visionary mixed-use development comprising six eight-story condominiums and apartments across 22 acres in the heart of North Scottsdale, announces key property achievements, including its completed apartment tower, 7220 Optima McDowell Mountain, surpassing 50% leased occupancy and approaching 65%, and its under-construction condominium tower, 7230 Optima McDowell Mountain, officially topping out. Once complete, 7230 Optima McDowell Mountain will introduce 196 condominium homes with one-, two-, and three-bedroom floor plans. Scheduled for resident move-ins beginning in 2027, the condominium tower continues to make significant construction progress, with the building façade nearing completion, courtyard landscaping currently being installed, and […]

NORTH MIAMI, FL - Oleta Partners, a joint venture by leading developers LeFrak and Turnberry, today announced the unveiling of SoLé Mia s floating pickleball court located on its seven-acre Crystal Lagoon, marking the largest and first installation of its kind at a residential property. Custom-built by Inflatable Island, the leading designer and manufacturer of innovative aquatic entertainment and luxury floating structures, the SoLé Mia-branded court expands the 184-acre North Miami development s outdoor lifestyle offerings and reinforces its position as a wellness-driven, walkable destination centered around recreation, connectivity and community. From the beginning, SoLé Mia has been designed to deliver a lifestyle that brings people outdoors and creates meaningful opportunities […]

NEW YORK, NY – Greystone, a leading national commercial real estate finance company, today announced that Joshua Rosen has joined the firm as Senior Managing Director, focused on originating seniors housing and healthcare loans. Based in Chicago, Mr. Rosen will report to Mordecai Rosenberg, Head of FHA Lending at Greystone. A longtime commercial real estate finance professional, Mr. Rosen joins Greystone from Walker & Dunlop. He will work closely with Greystone s market leading seniors housing and healthcare finance teams to deliver tailored capital solutions for owners, investors, and operators across the sector. His addition reflects Greystone s continued investment in specialized talent and its focus on serving clients through an integrated, relationship-driven platform. Josh s […]

FORT LAUDERDALE, FL - Native Realty, the Fort Lauderdale-based firm led by Jaime Sturgis, brokered the successful sale of a three-property multifamily portfolio located in the heart of Fort Lauderdale s Flagler Village - an area Native is credited with widely transforming into one of South Florida s most dynamic urban neighborhoods. The transaction closed on June 18. The portfolio, which totals 42 residential units across 610 and 622 NE First Ave. and 629 NE Second Ave., traded for a combined $8.87 million (equating to $211,190 per unit). Sturgis represented seller Cooper Properties, while Native Vice President Adam Docktor represented buyer Midas Equities LLC. The dual representation shows Native s deep relationships throughout the Fort Lauderdale investment market. A key draw for the […]

MEMPHIS, TN - Fogelman Properties (Fogelman), one of the country s largest privately owned multifamily investment and property management companies, today announced it now manages more than 35,000 apartment homes across 12 states, driven by the addition of more than 5,200 units across six states in the Southeast, Midwest and Southwest. The 16 communities, which began transitioning to Fogelman management earlier this year, reflect continued demand for experienced multifamily operators with deep market knowledge, local leadership and a proven long-term track record. The growth also underscores Fogelman's ongoing expansion of its third-party management business alongside its investment platform. The 16 apartment communities recently added to Fogelman s management portfolio include: Hickory, […]

NEW YORK, NY - Greystone has provided a $20,686,000 Fannie Mae loan to finance the acquisition of The Manors at Brookmere, a 108-unit multifamily community in Matteson, Illinois. The financing was originated by Clint Darby and Andrew Remenschneider at Greystone. Cushman & Wakefield s Jack Maloney and Brad Smith represented the seller in the transaction. Built between 2016 and 2018, The Manors at Brookmere is a build-to-rent community situated on more than 11 acres and located south of downtown Chicago. The property consists of 108 townhome-style apartment units featuring two- and three-bedroom floor plans. Residences offer private entrances, attached garages, granite countertops, in-unit washers and dryers, and walk-in closets. The Fannie Mae financing for this property carries a […]

OXFORD, CT - EBSC Lending announced the structuring of a $20 million construction loan for borrower Trevor Smith to support a 157-unit multifamily development in Oxford, Connecticut. The financing supports Phase I of a rental apartment development located within a master-planned active adult community. Financing supports Phase I of a rental apartment development within a master-planned active adult community. The financing is designed to support Phase I of the development, which includes 86 apartment units, amenities, and clubhouse improvements. The full development plan includes 157 total units, covered parking, and a mix of studio, one-bedroom, and two-bedroom apartments. The project includes both market-rate and income-restricted housing components, with 142 market-rate units and 15 […]

CHICAGO, IL - Cross Street, a Chicago-based residential real estate firm, Mavrek Development and ACRES Commercial Realty today announced the start of pre-leasing at Wacker Place, a new office-to-residential conversion at 65 E. Wacker Place, in the heart of downtown Chicago. Blending classic architectural character with modern finishes and amenities, the 26-story property offers residents a distinctive urban living experience in one of the city s most connected and vibrant neighborhoods. First move-ins are scheduled for this August. Upon completion, the community will feature 252 apartments offered in studio, convertible, one- and two-bedroom floor plans priced from $2,195 per month. Residences are complemented by an amenity package that includes a state-of-the-art fitness center, […]