WEST NEW YORK, NJ – Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corporation (NYSE: CLI), announced the opening of The Capstone at Port Imperial, a new luxury residential building in Port Imperial offering stunning views of the Hudson River and Manhattan skyline, an elaborate amenity package, and high-quality design and finishes. The Capstone, which is owned in joint venture with an institutional equity provider, is Roseland’s newest development in the Port Imperial community.
The Capstone features a mix of 360 units ranging in size from studios to four-bedroom homes, with a wide array of floor plans to choose from. The building is complemented by a full suite of amenities and 25,000 square feet of retail and covered public parking. Designed for the discerning modern renter, the residences feature luxury plank floors, quartz countertops with full-height backsplashes, kitchen pendant lighting, state-of-the-art stainless-steel appliances, and other designer-quality fixtures and finishes in the kitchens and bathrooms.
“Roseland continues to do its vision at Port Imperial, developing high-quality residential assets that benefit from prime waterfront location, New York City skyline views and robust lifestyle amenities,” said Marshall B. Tycher, Chairman of Roseland Residential Trust. “The Capstone further elevates the neighborhood at Riverwalk and is an brilliant addition to Port Imperial’s live-work-play neighborhood, which is known for its numerous dining destinations, coveted outdoor space, and easily accessible commuting options.”
The impressive amenity package is highlighted by a ninth floor indoor and outdoor lounge featuring a sundeck with stunning views of the Hudson River and an expansive, 33,000-square-foot outdoor amenity deck including a two-level pool and spa, fireplace, barbeque grilling stations, outdoor billiards, foosball tables, outdoor theater, private cabanas, bocce court, children’s play area, and dog run. The 3,000-square-foot fitness suite caters to a healthy lifestyle and features Technogym equipment, yoga, Fitness on Demand, spin studio, and a dedicated outdoor fitness area on the deck.
“The outdoor amenity deck is spectacular,” clarified Mr. Tycher. “The thoughtful design is a testament to Roseland’s unwavering commitment to excellence – we are always trying to outdo ourselves in each of our projects, and I’m thrilled to offer our residents a retreat of unique outdoor experiences, particularly given the times we are living in.”
The clubroom features a fireplace, billiards, and outdoor deck with views of the Hudson River – perfect for entertaining guests – and a party room with a work lounge coffee bar and private conference rooms for residents who work from home. Additional amenities include an indoor dog grooming room, golf simulator, children’s playroom, 24-hour concierge, bike storage and several private garages. Residents at The Capstone have access to the Roseland Living app, which streamlines every resource into one place – from details about exclusive upcoming virtual events, Roseland perks and discounts, maintenance information, and access to the rent portal.
Following the exciting restaurant openings of Marcus Samuelsson at NoHu Rooftop in the EnVue hotel, and the new American gastropub, Porter, on the ground level of nearby RiverHouse 11, The Capstone not only demonstrates Roseland’s continued investment in the neighborhood, but further underscores the exciting evolution of the Port Imperial community. The Capstone will soon be joined by RiverHouse 9, a 313-unit building in Weehawken also developed by Roseland. Port Imperial has continued to transform into a sought-after lifestyle destination, with convenient access by ferry service to Manhattan, as well as the Hudson-Bergen Light Rail servicing the NJ Gold Coast.

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KATY, TX – Venterra Realty bought Elation at Grandway West Apartments in Katy, Texas. Elation at Grandway West is a garden-style property, completed in 2020, with 324 apartments. Located on Franz Road, less than a mile from 99, the Grand Parkway, which provides residents simple access to I-10, the energy corridor, and downtown Houston.
Elation’s location hosts a diverse employment base with over 15,000 medical jobs and major medical facilities including Texas Children’s Hospital, Houston Methodist West, M.D. Anderson Cancer Center, and Memorial Herman Katy Hospital.
The community offers six unique one and two bedroom apartment layouts ranging in size from 671 sq. ft. to 1116 sq. ft., with rents ranging from $1040 to $1516 per month. Elation’s apartment interiors feature quartz countertops, stainless steel appliances, soft-close drawers, halo-lit mirrors, and smart door locks. The community hosts a robust amenity package including three outdoor grilling areas, two swimming pools, a dog park, pergolas with swings, a yoga and spin studio, fire pits, and a Bocce court.
“With this acquisition, Venterra has crossed a new milestone – we now have over 18,000 units in our portfolio for the first time,” said John Foresi, CEO of Venterra Realty. “Elation was expertly built to a high standard, but we’re looking forward to identifying opportunities to further improve by implementing Venterra’s customer-focused management platform,” added Andrew Stewart, Chairman of Venterra Realty.
With a history of long-standing success in the Houston market, Venterra was chosen as the buyer in this off-market transaction, brokered by Matt Philips and Clint Duncan from CBRE’s Houston office. The loan was originated by Michael Thompson, Vice Chairman and Co-Head of CBRE’s Debt and Structured Finance Team in Houston.

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PORTLAND, OR – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 175-unit ArLo Apartment Community in Portland, Oregon.
The buy marks the firm’s sixth acquisition in the Portland market. The community, newly built in 2019, is in immediate proximity to Interstate 5 and North Interstate Avenue, providing access to Downtown Portland, Vancouver, WA, Portland International Airport, and major regional employers.
“ArLo provided an brilliant opportunity to buy a brand-new property in a fantastic submarket from a fantastic developer,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “We believe the property’s contemporary vintage, amenity package, and prime location in the inner East Side will provide our residents with the quality of life desired in Portland’s urban core. We are excited about our continued growth in this region.”
ArLo was 99.0% occupied at buy. The community is located at 6015 N Interstate Ave in the desirable Northwest Portland submarket, approximately 10 minutes from Downtown Portland. The 175 units range from 367-1,100 square feet with 11 different floor plans. Community amenities include a rooftop lounge and terrace, game room, fitness center, and co-working lounge.
HZ’s capital improvements plot includes installing smart rent, lock and door repair, adding a dog park, and landscaping enhancements. Additionally, management of the property has also been transitioned to HZ affiliate Mission Rock Residential.

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