JOHNSTON COUNTY, NC -The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the financial closing and groundbreaking of Eastfield Village in Selma, North Carolina. The 348-unit community marks The NRP Group s first project in Johnston County and will help meet the growing demand for quality, premium living spaces with curated amenities in North Carolina s fastest-growing submarket.
Eastfield Village is designed for the hard-working people who are powering Johnston County s tremendous growth, said Owen Langston, Vice President of Development at The NRP Group. As the first new large-scale multifamily community of its kind here in many years, it will fill an vital gap in the housing market. Local residents will have a high-quality option close to major employers, reducing long commutes and making more time for family, community and opportunity. Through the Eastfield master plot and the efforts of our partners, we are introducing modern housing choices that complement the area s momentum and set the stage for smart, long-term growth.
The development is strategically positioned within Eastfield, a 435-acre mixed-use master-plotted community in the heart of Selma. Led by AdVenture Development, Eastfield comprises a 3 million-square-foot business park, medical and retail space to include a Regional Target and BJ s Wholesale Club, three hotels, a variety of housing options including senior and workforce housing and entertainment amenities.
“This marks an vital milestone in our master-plotted development, bringing the multifamily residential component of Eastfield to fruition, said Kevin Dougherty, President of AdVenture Development. We welcome The NRP Group to Johnston County and we look forward to welcoming all our new residents to live, work and play at Eastfield.”
Located at 131 Eastfield Village Court, Eastfield Village comprises one-, two- and three-bedroom floor plans across 12 three-tale garden-style buildings. Its prime location provides immediate access to Interstate 95 and U.S. Highway 70, connecting residents to the Research Triangle region. The area is anchored by Raleigh, Durham and Chapel Hill, and serves as a gateway to major business corridors along the East Coast. The community is minutes from Johnston County s largest employers, including Novo Nordisk, Grifols, Johnston Regional Airport, UNC Health Johnston Hospital, Caterpillar, Amazon, Sysco, Crystal Window and Door Systems and Veetee Foods. Residents are also close to ample retail, dining and entertainment options, including Ancient North State Food Hall and national restaurant brands such as Panda Express, which is currently under construction.
Eastfield Village is designed for working professionals and growing families, with in-unit layouts that include open-concept kitchens, dedicated dining areas and modern finishes. Residents will delight in an amenity package designed for everyday convenience and recreation, including a resort-style pool with a sundeck, landscaped courtyard, pickleball court, shuffleboard area, fitness center, co-working and business lounge and multiple indoor and outdoor gathering spaces. A dedicated dog park and pet wash station will cater to animal lovers, while walking paths and green spaces will connect residents to the broader Eastfield master plot, which will feature trails for walking, jogging and cycling, fostering a vibrant and connected environment that supports both residents and local businesses.
Eastfield Village broke ground in August and construction is currently underway. Initial occupancy is expected in late 2026, with full completion targeted for Q4 2027.

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SAN JOSE, CA – Urban Catalyst proudly celebrated the groundbreaking of Aquino, a 278-unit high-end multifamily development located at 498 W. San Carlos Street in Downtown West San Jose. Downtown San Jose has seen some of the highest rent growths in the nation, yet limited new market-rate multifamily building starts have occurred in the area over the past two years, making Aquino a critical addition to the city’s housing supply.
Aquino is among the first major projects to advance under San Jose’s Multifamily Housing Incentive Program, which the City Council approved in December to spur housing production. The program provides eligible developments with fee and tax incentives, offering a much-needed boost to housing creation in a region where costs and regulations have stalled new construction.
By leveraging this legislation, Urban Catalyst was able to go Aquino forward at a time when many projects have remained on hold, underscoring how targeted policy can unlock housing in one of the most expensive markets in the country.
Designed to meet the evolving needs of the region’s tech workforce, Aquino offers luxury living within walking distance of Zoom HQ, Adobe HQ, Diridon Train Station, and major transit corridors including I-280 and I-87.
Its amenities include a large interior courtyard surrounded by a fitness center, co-working space, dog walk area, yoga room, sauna lounge, communal kitchen, and an exclusive penthouse lounge with a balcony patio on the 8th floor, providing residents with a modern, connected, and vibrant living experience.
The project is being realized through a collaborative effort with BDE Architecture, Swenson Builders, Gemini Capital, Redpoint Capital Advisors, and Beach Point Capital providing critical construction financing.
“Breaking ground on Aquino is a testament to the resilience and dedication of our team,” said Erik Hayden, Founder of Urban Catalyst. “We are especially grateful to Beach Point Capital for their partnership and support in bringing this project to life. With rent growth at historic highs and no new market-rate multifamily developments in downtown San Jose in the past two years, delivering high-quality housing is both challenging and essential. Aquino represents our commitment to building communities where people can live, work, and thrive.”
The groundbreaking ceremony, held on September 3rd, marked the official start of site demolition and the first steps toward bringing Aquino to life. Local leaders, advocates for downtown San Jose, project partners, and members of the Urban Catalyst team were all in attendance to celebrate the milestone.
Even San Jose Mayor Matt Mahan joined in, swinging a sledgehammer to kick off demolition, a moment that underscored the city’s commitment to smart infill development and the urgency of addressing Silicon Valley’s housing shortage.
Mahan emphasized that Aquino is exactly the type of development the City Council envisioned when launching the multifamily incentive program last year.
“I reckon our council has gotten the message that we desperately need housing, that our fees and our processes and all the bureaucracy and layers we’ve made in California have been a huge part of the reason that Austin’s building and we aren’t, or the reason that in Denver you can build the same apartment for less than half the cost of building it here,” Mahan said at the event. “We’re changing the culture in California starting right here in San Jose because we’re the engine of innovation, and we’re willing to admit when the things we’re doing aren’t working. We’ve got to do something different.”

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NORFOLK, VA – Affiliates of Harbor Group International (“HGI”), a privately owned international real estate investment and management firm, together with CBRE Investment Management, announced the closing of four of the properties in a $740 million multifamily portfolio acquisition spanning five properties and 2,719 units across New England.
As one of the largest multifamily trades in New England this year, the transaction reflects the strength of the region’s rental housing market and builds on both firms’ established footprints in Greater Boston.
“The New England region continues to demonstrate some of the strongest multifamily fundamentals in the country,” said Yisroel Berg, Chief Investment Officer of Multifamily at HGI. “We are excited to partner with CBRE Investment Management and look forward to implementing this value-add strategy on behalf of both our investors and residents, while preserving the stable, high occupancies that made this portfolio so attractive.”
“This acquisition exemplifies our strategy of investing in attainable and high-quality multifamily assets in markets supported by strong demand drivers,” said Matt Tepper, Head of Americas, Indirect Real Estate Strategies at CBRE Investment Management. “Through our partnership with HGI, we are positioned to unlock value through thoughtful asset management while providing desirable housing to residents across Greater Boston.”
With this acquisition, HGI owns and manages more than 3,600 units in the Boston area and has executed approximately $2.2 billion in multifamily acquisitions year to date in 2025, reflecting the firm’s continued momentum in the sector.

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