Multifamily

YONKERS-AvalonBay Communities files a preliminary site plan with the City of Yonkers to build more than 400 rental apartment units near Stew Leonard's.

PANAMA CITY BEACH, FL-Island Reserve will have 299 units ranging in size from 1,193 to 3,728 sf, with prices starting at $317,000.

LONG BRANCH, NJ-The new construction will add 240 residences, a hotel and 3,800 sf of retail to Applied Development's Pier Village.

NEW YORK CITY-The prewar elevator property with 214 residential units and ground-floor retail space sheds for $400 per sf at a projected 5.2% cap rate.

DALLAS-The 95%-leased Carousel Court Apartments passes from one local investor to another, who beat five others with a $6-million bid.

NEW YORK CITY-Structured Real Estate Finance Group at M&T Bank arranges the three-year short-term financing for $250 million for 50 W. 34th St.

ATHENS, GA-With a $20.2-million loan, Campus Acquisitions purchases the River Mill Apartments with plans to invest $3.3 million in capital improvements.

ST. LOUIS-The project is set to feature 166 condos in a 22-story tower, with floor-to-ceiling windows and balconies in a brand new building.