Kennedy Wilson with Kenedix and Hulic Acquire Carraway in West Harrison New York Expanding East Coast Multifamily Platform
Kennedy Wilson, together with long-standing Japanese partners Kenedix, Inc. and Hulic Co., Ltd., has acquired Carraway, a 421‑unit multifamily community in West Harrison, New York, for $237 million. The transaction expands Kennedy Wilson’s investment management platform and extends its presence on the East Coast. Completed in 2021, the Class A property sits in Westchester County, roughly 25 miles north of Manhattan. Carraway includes a mix of studio, one-bedroom and two-bedroom residences, structured parking and approximately 6,400 square feet of ground-floor
Walker and Dunlop Arranges Financing for Five Property Workforce Housing Portfolio in Arkansas and Florida
Walker & Dunlop has arranged $232,352,000 in financing for a five-property multifamily portfolio totaling 1,585 units across Arkansas and Florida. The portfolio is composed primarily of workforce housing and includes one income-restricted affordable community. Walker & Dunlop Capital Markets Real Estate Finance arranged the financing on behalf of long-time client Aspen Square Management. Connor Locke, Harvey Pava, Brendan Coleman, and Skye Stansbury secured a single 10-year, fixed-rate, interest-only loan through a new Tier 3 Fannie Mae credit facility. The credit
Rockpoint and The Kolter Group Form Joint Venture to Develop The Sutton Four Hundred Thirty Two Unit Community in Palm Beach Gardens
Rockpoint and The Kolter Group have formed a joint venture to develop The Sutton, a 432-unit multifamily community in Palm Beach Gardens, Florida. The transaction covers acquisition of the site and its development, with PNC Bank providing financing for the project. Scheduled for completion in 2028, The Sutton will include 432 studio, one-, two-, and three-bedroom apartments and surface parking. The property is centrally located with access to I-95 and the Florida Turnpike, offering regional connectivity to Palm Beach County
Kennedy Wilson and Jamison Form Strategic Partnership to Deliver Approximately Four Thousand Affordable Housing Units Across Los Angeles
Kennedy Wilson and Jamison have formed a strategic partnership to deliver approximately 4,000 affordable housing units across Los Angeles through a mix of adaptive reuse and ground-up construction. The venture pairs Jamison’s newly launched affordable housing arm, Arden Residential, with Kennedy Wilson’s Vintage Housing development joint venture. The initiative begins with the conversion of the former LA World Trade Center at 350 S. Figueroa Street, to be rebranded as Sky Castle. The 400,000-square-foot office complex will be redeveloped into 512
LifeCare Development Enters Tennessee With The Blake At Chattanooga Assisted Living And Memory Care Community
LifeCare Development has announced plans for The Blake at Chattanooga, a new high-end assisted living and memory care community to be located at 7333 McCutcheon Road in Chattanooga, Tennessee. The community will include 118 apartments, with 73 assisted living apartments and 45 memory care apartments. Sitework and construction are expected to begin in late summer 2026. The project marks LifeCare Development’s entry into Tennessee and its fifth Blake-branded senior living project with Blake Management Group. LifeCare previously developed four Blake
Garden Station Reapproved Advances Toward Construction as Largest Net Zero Mixed Use Residential Community in the United States
Garden Station, a 348-unit mixed-use residential community within Villa Park, Illinois’ Transit-Oriented Development district, has cleared a key regulatory hurdle and is positioned to advance toward construction. The project recently received re-approval from both the Village of Villa Park Planning and Zoning Commission and the Zoning Board of Appeals, and is awaiting final action by the Village Board of Trustees in the coming weeks. Planned as a net-zero, mixed-use development, Garden Station is expected to become the largest net-zero mixed-use