Channing Hamilton is an Associate Editor specializing in real estate and property development news. With a focus on providing up-to-date information on construction projects, financing deals, and property sales, Channing's articles cover a wide range of locations across the United States.
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Channing Hamilton's articles predominantly cover private sector announcements and press releases within the real estate industry, with a focus on property sales, financing, construction, and multifamily housing. If you are representing a company or organization involved in these sectors and have news regarding property transactions, financial deals, or construction projects that could be of interest to potential buyers or investors in the real estate market across various locations in the United States without any specific geographic focus mentioned for this journalist.
When reaching out to Channing with pitches related to his coverage area it would be beneficial if you can provide details about significant property sales/acquisitions, innovative financing structures or newsworthy developments within the multifamily housing sector.
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By: Channing Hamilton
BUFFALO, N.Y. — Largo Capital has brokered a $6 million bridge loan to convert the Atrium Building, a 272,000-square-foot former office complex in downtown Buffalo, into a residential community. The converted asset will house an undetermined number of units. Kevin Coscia and Ned Perlman of Largo Capital arranged the debt. The direct lender and borrower were not disclosed.
By: Channing Hamilton
ELIZABETH, N.J. — Berkadia has negotiated the $4.8 million sale of Marlaw Apartments, a 36-unit community in the New York City suburb of Elizabeth. Nat Gambuzza, Trevor Fiebel, Tim Blashford and Nick Balancia of Berkadia represented the seller and procured the buyer in the deal. Both parties requested anonymity. Marlaw Apartments comprises one studio, 17 one-bedroom and 18 two-bedroom units. The property was fully occupied at the time of sale.
NEW YORK CITY — JLL has brokered the $47 million sale of a development site located at 45-40 Vernon Blvd. in the Long Island City neighborhood of Queens. The site, which formerly housed the Paragon Paint factory, is approved for the development of a 192,000-square-foot community. Once completed, the complex will comprise 202 units across 21 stories.
RENTON, WASH. — New York Life Real Estate Investors (NYLREI) has divested of 2000 Lake Washington, a 186-unit community located at 1300 N. 20th Street in the southeast Seattle suburb of Renton. The asset traded hands for $53.2 million.
By: Channing Hamilton
WAKEFIELD, MASS. — JLL Capital Markets has arranged a capitalization for the development of 200 Quannapowitt, a 440-unit project in the Boston suburb of Wakefield. The borrower and developer was Cabot, Cabot & Forbes. JLL worked on behalf of the developer to secure the joint venture equity with Equity Residential (NYSE: EQR). Brett Paulsrud, Andrew Gray and Mike Shepard led the JLL Capital Markets Advisory team.
HOUSTON — BridgeInvest has provided a $55.5 million in financing to Tara Capital for the acquisition and renovation of Park on Voss, an 810-unit community in Houston. Park on Voss is located at 2424 S. Voss Road in the city's Westchase neighborhood. The asset comprises 610,950 square feet and offers studio, one- and two-bedroom floor plans.
By: Channing Hamilton
CINCINNATI — BWE has provided a $14.5 million Fannie Mae loan for the acquisition of Page Tower, a 169-unit affordable housing complex in Cincinnati. BWE's Victor Agusta originated the loan, which features a seven-year term, 24 months of interest-only payments and a 35-year amortization. The property includes a 100 percent Section 8 HAP contract for four years.
By: Channing Hamilton
WEST VALLEY CITY, UTAH — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale and financing of Crossroads Apartments, a 240-unit asset in the Salt Lake City suburb of West Valley City.
By: Channing Hamilton
VANCOUVER, WASH. — A real estate fund managed by Kennedy Wilson has partnered with Haseko Corp. to purchase two communities in Vancouver for $90 million. The two properties — The Farmstead and Villas at 28th Street — total 350 units altogether. Both communities feature amenities such as gated access, fitness centers, dog parks, a pickleball court, pet wash stations, green spaces and walking trails. According to Apartments.com, The Farmstead offers one-, two- and three-bedroom layouts. Villas at 28th Street offers studio, one- and two-bedroom floor plans.
TAMPA, FLA. — JPM Institutional Multifamily has brokered the sale of The Marquis of Tampa, a 357-unit community in Tampa. The Marquis of Tampa was built in 1998. The community features town-home style units in one-, two-, three- and four-bedroom layouts. The average unit size is 1,199 square feet. Amenities include two pools with sundecks, fitness center, business center, theater room and package lockers. Axonic Properties was the seller. The property will be rebranded as Windsor Highwoods Preserve.
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