Construction is already well underway on the 121-unit first phase that is scheduled for delivery in the fourth quarter of 2020. Boca Raton-based El-Ad National Properties is company of Elad Group of New York City.

Virtua Credit has placed a $15 million construction loan for a 90-unit entry-level apartment building in Tempe.

Maven Properties, a new commercial real estate team known for curating neighborhood retail renaissances, has been named to handle leasing and marketing advisory for the center.