News
Lewis Group Opens Second NorCal Rental-Home Community in West Sacramento
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE Arranges Sale of Future Mixed-Use Development in Wisconsin
CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq Arranges $96M Refi on SoCal Apartment Portfolio
Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton Aand senior investment anaylst...
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Brighton Multifamily Draws Record Pool of Potential Buyers
Marcus & Millichap closed the sale of 15 Euston Rd., a 24-unit multifamily property in Boston’s Brighton neighborhood. The asset sold for $8,875,000. “Brighton is one of the lowest transactional submarkets in the country for apartment buildings, so it was no surprise that a record number of groups toured this asset,” said Evan Griffith, senior...
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NY City Council Passes Bill Giving Nonprofits First Dibs on Distressed Apartment Properties
The New York City Council on Thursday passed the Community Option to Purchase Act (COPA), which gives nonprofit groups a 90-day window to potentially acquire distressed apartment buildings after they’re put up for sale. The measure now goes to Mayor Zohran Mamdani, who has signaled his approval in recent months. An earlier version of the...
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Hamilton Zanze Announces Sale of Virginia Multifamily Community
Hamilton Zanze announced the sale of Indigo 19, a 196-unit apartment community in Virginia Beach, Virginia. Hamilton Zanze sponsored the acquisition of the property in January 2020. “Limited new supply and rent growth have supported the Virginia Beach apartment market, creating a favorable environment for multifamily investment,” said Anthony Ly, senior director of transactions at...
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Vancouver’s Housing Paradox: More Density May Be Worth Less To Developers
Metro Vancouver has spent years encouraging developers to build taller buildings and more homes. Now, some of the region’s most ambitious residential projects may be worth more if they are scaled back. The economics have shifted so dramatically that some highrise sites could fetch more if redesigned for townhouses or lowrise apartments, according to Kirk...
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Crombie And Wesgroup Plan Five Vancouver Towers With 1,082 Homes
Crombie and Wesgroup want to replace a Safeway shopping property in east Vancouver with five residential towers containing 1,082 homes, a new grocery store and additional retail space. The City of Vancouver published the detailed rezoning application on Oct. 19, revealing plans for the property at 3410–3436 Kingsway, near Joyce-Collingwood SkyTrain station. The proposed buildings...
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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