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Pennrose, Partners Break Ground on Final Phase of $120M Newport News Redevelopment

NEWPORT NEWS, VA. — Construction has begun on the fifth and final phase of the Marshall-Ridley Choice Neighborhood Initiative (CNI) in Newport News. Ridley Place was public housing originally built… The post Pennrose, Partners Break Ground on Final Phase of $120M Newport News Redevelopment appeared first on…

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Madison Capital Provides $375M Construction Loan for Jersey City Development

JERSEY CITY, N.J. — Walker & Dunlop has arranged a $375 million construction loan to finance JFK Boulevard, a mixed-use project that will be built in Journal Square in Jersey City.… The post Madison Capital Provides $375M Construction Loan for Jersey City Development appeared first on Multifamily & Affordable…

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RailField Partners Acquires 210-Unit Maryland Property from Elme Communities

GAITHERSBURG, MD. — RailField Partners has acquired Elme Watkins Mill, a 210-unit garden-style community in the Washington, D.C., suburb of Gaithersburg, from Elme Communities (NYSE: ELME). The property was purchased… The post RailField Partners Acquires 210-Unit Maryland Property from Elme Communities appeared…

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Virtu Investments Sells Briarwood Apartments in Livermore, California, for $19.8M

LIVERMORE, CALIF. — Locally based Virtu Investments has sold Briarwood Apartments in Livermore, 44 miles west of San Francisco. The asset sold for $19.8 million. Marcus & Millichap represented Virtu,… The post Virtu Investments Sells Briarwood Apartments in Livermore, California, for $19.8M appeared first on…

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JLL Arranges $34.5M Refinancing for Easthaven in Pooler, Georgia

POOLER, GA. — Mandrake Capital Partners has obtained a $34.5 million refinancing loan for Easthaven, a 143-unit build-to-rent community in Pooler that was completed last year. Bridge Investment Group was… The post JLL Arranges $34.5M Refinancing for Easthaven in Pooler, Georgia appeared first on Multifamily &…

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CBRE Arranges $7.1M Sale of Bayside Townhomes in Kenosha, Wisconsin

KENOSHA, WIS. — CBRE has arranged the $7.1 million sale of Bayside Townhomes, a 32-unit community in Kenosha. Campbell Creek Communities LLC was the buyer, and Bayside Townhomes LLC was… The post CBRE Arranges $7.1M Sale of Bayside Townhomes in Kenosha, Wisconsin appeared first on Multifamily & Affordable Housing…

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Franklin Street Arranges Sale of Fort Worth’s Reserve on Willow Lake

FORT WORTH, TEXAS — Franklin Street has brokered the sale of The Reserve on Willow Lake, a 138-unit property at 4101 South Hulen St. in Fort Worth. Santa Barbara, California-based… The post Franklin Street Arranges Sale of Fort Worth’s Reserve on Willow Lake appeared first on Multifamily & Affordable Housing…

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