News
White Plains Project is First to Break Ground on NY State’s Housing Acceleration Fund
Construction has begun on North White Plains, a $178-million mixed-income, transit-oriented development that will create 296 new apartments in the city of White Plains. The development, which will feature two six-story buildings, retail space and a publicly accessible park, is the first development to utilize Gov. Kathy Hochul’s Housing Acceleration Fund, a program designed to...
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Pacific Urban Investors Pays Over $500k/Unit for Seattle MF Property
Pacific Urban Investors purchased Broadstone Vin, a 118-unit, mid-rise multifamily property in Seattle, Washington, in a transaction valued at $60.3 million, according to published reports. The deal works out to just over $500,000 per unit. Located at 4106 Stone Way North, Broadstone Vin was built by Alliance Residential Company in 2022 and includes 6,063 square...
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Natixis Leads $233M Refi of Midtown Residential Tower
Natixis Corporate & Investment Banking led a $233.3-million floating-rate financing to a joint venture between a global investment firm and Stonehenge Investment to refinance The Ritz Plaza, a 45-story luxury multifamily rental building located at 235 W.48thth St. in Midtown West. The financing was arranged by Lawrence Britvan and Michael Straw from the New York City office...
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Saint-Léonard Apartment Tower Sells For $28.3M
Le Baron II, an 11-storey rental tower with large apartments on Montreal’s rue Jean-Talon Est, has sold for $28.3 million. Édifice Baronessa bought the Saint-Léonard building from Le Baron II Inc. in a deal registered Oct. 23. The city’s assessment roll lists 82 apartments and five commercial spaces. The floor plans give a sense of...
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Northmarq Facilitates $11M Refinance of Park Ridge Multifamily
Northmarq’s Chicago Debt + Equity team, led by Kevin McCarthy and Alex Czachor, successfully arranged the $11.26 million refinance of The Parker on behalf of Newcastle Properties LLC, a national real estate investment firm founded in 1989. The asset, acquired by Newcastle in 2019, is a 46-unit garden-style multifamily community located in the North Shore...
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Houston Apartment Investor Buys 378-Unit Affordable Housing Community
Turner Impact Capital acquired a 378-unit multifamily community in Houston and will preserve affordability for low- and moderate-income residents through a tax exemption agreement with the Houston Housing Authority. Under a regulatory agreement with the Houston Housing Authority, the Fund will maintain existing rent restrictions on half of the apartments, reserving at least 152 units...
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Sprouts Farmers Market Planned for Downtown DC
The D.C. Council approved up to $275 million in bond financing for a California developer to convert a Penn Quarter office building into a 415-unit apartment building with a Sprouts location on the ground floor. The bonds will go to the nonprofit Madrone Community Development Foundation to help with the acquisition, demolition, renovation or the...
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Broe Acquires 22-Story Luxury Dallas Apartment Building
Broe Real Estate Group (BREG) acquired Maple Terrace Residences in Uptown Dallas. The 22-story, 345-unit Class AA luxury apartment building opened in August 2024. Hines was the seller. Maple Terrace Residences is part of the new mixed-use project. The project features the new 22-story luxury residential tower, 157,000 square feet of Class-A office space, and...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout