Monthly Archives: June 2022

$87.1M financing arranged for New Jersey multi-housing community

MORRISTOWN, NJ – JLL Capital Markets announced today that it has arranged the $87.1 million financing of Valley and Bloom, a two-building, 258-unit, mixed-use multi-housing community in Montclair, New Jersey. In addition to the residential units, the property also includes 19,812 square feet of office space, 19,921 square feet of retail space and an attached parking garage. […]

$93.2M capitalized for development of Charlotte multi-housing community

CHARLOTTE, NC – JLL Capital Markets announced that it has arranged $28 million in equity and arranged a $65.2 million construction loan for The Joinery Phase II, a two-building, 361-unit, mid-rise multi-housing development with 17,384 square feet of ground-floor retail in Charlotte, North Carolina. JLL worked on behalf of the sponsors, Space Craft and Swinerton, to […]

$90.9M capitalization secured for New Jersey multi-housing development

MORRISTOWN, NJ – JLL Capital Markets announced today that it arranged $68.2 million in senior debt and $22.7 million in mezzanine construction financing for PARQ, a 275-unit, Class A to-be-built apartment community located in Parsippany, Morris County, New Jersey. JLL represented the borrower, PARQ Builders, to secure a senior floating-rate construction loan through an institutional lender, as […]

Michelle Lucey Named Chief People Officer for Sunrise Management

San Diego-based Sunrise Management – a multifamily industry leader which has specialized in the management of residential real estate since 1978 – has announced the appointment of Michelle Lucey as its new its chief people officer.   A seasoned human resources executive, Lucey was most recently the corporate director of human resources at Excel Hotel […]

MC Real Estate Partners and Tokyo Trust Capital Acquire 416-Unit Nob Hill Apartment Community in Southern Westchester County

NEW YORK, NY – MC Real Estate Partners MCRE) and Tokyo Trust Capital (TTC) announced the acquisition of The View on Nob Hill Apartments, a 416-unit apartment complex ideally located in southern Westchester County, NY through on off-market transaction on behalf of a large Japanese financial institution. With demand for stabilized investments in the US […]

Capital Square Announces Groundbreaking of 320 West South Street Apartment Tower Located in Raleigh Opportunity Zone

RALEIGH, NC – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, announced it has broken ground on 320 West South Street, a luxury mixed-use high-rise apartment tower located in the Warehouse District of Raleigh, North Carolina within a qualified opportunity zone. Construction of […]

OKAN TOWER WITH HILTON HOTEL BREAKS GROUND

Okan Tower, the largest Turkish investment in the United States, inspired by its native flower, the tulip, has blossomed…   Okan Tower, the new Downtown Miami megaplex, with residences anchored by a Hilton Hotel, broke ground on Friday, June 17 with all the fanfare of a major international milestone, attended by a who’s who of the business, political, civic, […]

29SC Recapitalizes 434-unit Louisville Property in 8th Louisville Metro Transaction

Louisville, Ky. – Privately held real estate investment firm 29th Street Capital (29SC) has recapitalized Waterside at RiverPark Place (RPP). This marks the firm’s 8th multifamily transaction in the Louisville Metro area.   RPP, a 434-unit, Class A- property was completed in phases, with Phase I being built in 2013, Phase II in 2015, and Phase […]

Link Senior Development and The Roxborough Group Acquire 301-Unit Park Terrace Senior Living Community in Phoenix, Arizona

PHOENIX, AZ – Link Senior Development and The Roxborough Group, announce the acquisition of Park Terrace Senior Living, an amenity rich, 301-unit independent living and assisted living community in Phoenix, Arizona. “Park Terrace is an exciting venture for Link as we plan for the next chapter of this thriving community by pulling from our extensive […]

Wood Partners and CP Capital US Expand Partnership With Groundbreaking of Luxury Apartment Community in Atlanta Submarket

CUMMING, GA – Leading national multifamily real estate developer Wood Partners announced the groundbreaking of its latest high-end residential community, Alta North, less than an hour from downtown Atlanta in Cumming, Georgia. The new community will be developed as a joint venture with CP Capital US, a highly disciplined U.S. real estate manager specializing in […]