The National City Investment Group, a locally owned, privately held real estate investment company, recently broke ground on Market View, a 120-unit multifamily residential community located at 303 Highland Ave. in National City. The development will transform an underutilized parking lot adjacent to Manolo Farmers Market, which has served National City for more than 33 years, into a residential community. Market View is scheduled for completion in the first quarter of 2028.
“By bringing much-needed housing to National City, the National City Investment Group is helping create a more vibrant, walkable community that supports local businesses, and contributes to the continued revitalization of the area,” said Paul Najar, EVP, Gafcon PM-CM LLC, which is providing real estate advisory and project management services for the development.
Designed by RDC with R.D. Olson Construction serving as the general contractor and McCullough Landscape Architecture handling landscape design, Market View will offer workforce housing in three distinct residential buildings linked by open space, pedestrian connectivity and Manolo Farmers Market.
JLL Capital Markets arranged acquisition financing for Lightstone’s purchase of 323 W. 96th St., a 174-unit multifamily property on Manhattan’s Upper West Side. Senior managing director Peter Rotchford and managing director Michael Shmuely worked on behalf of Lightstone to secure the financing from MF1, a wholly owned subsidiary of Berkshire Residential Investments. Lightstone is acquiring...
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Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...
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Associated Bank announced the completion of a $16.5 million loan towards the $22 million total acquisition price of Eleven5 Lake Apartments at 115 Lake Street in Libertyville, Illinois. The property is a stabilized mixed-use property with 34 apartment units with 41 dedicated apartment parking spaces, and 25,147 square feet of ground-floor commercial space. The apartments...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
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