News
Feds, Ismaili Council Aim to Deliver 1,250 Rental Homes
The federal government and the Ismaili Council for Canada have signed a memorandum of understanding aimed at delivering more than 1,250 rental homes, including affordable units, across British Columbia, Alberta, Ontario and Quebec. The agreement, announced in Vancouver by Foreign Affairs Minister Anita Anand and the Aga Khan, establishes a framework for collaboration between Build...
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FS Industries Looking to Develop 11 Mixed-Use Towers in Halifax
FS Industries aims to develop 11 towers, including one standing 52 storeys, as part of a proposed major mixed-use project in Halifax. The development would occupy three properties in the city’s North End, on the Halifax peninsula about three kilometres northwest of downtown. New details released by Halifax Regional Municipality show it could contain up...
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NY Investor Snags First Folsom Apartments on Market in Four Years
CBRE arranged the sale of Talavera, a 293-unit apartment community in Folsom, to New York-based Sentinel Real Estate. Talavera was the first asset to become available in the Folsom submarket in four years. CBRE’s Marc Ross, Eli Hanacek, Joe McNamara and Claire Holt represented the sellers, USA Properties & Strand Financial. Pricing was not disclosed. “Talavera is...
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MonticelloAM Closes $29M Transaction for Illinois Apartment Complex
MonticelloAM, along with a firm affiliate, closed a bridge loan for an apartment complex in McHenry, Illinois. The transaction was brought to MonticelloAM by Trent Niederberger of JLL Chicago. MonticelloAM Senior Managing Director Darryl Myrose worked with the JLL Chicago team on the origination of the transaction. “This transaction marks the beginning of a new...
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Boardwalk, Desjardins Partner on Western Canada Apartment Investments
Boardwalk REIT and Desjardins Global Asset Management have launched a new joint-venture partnership whereby they will co-own multi-family properties across Western Canada, starting with a $292-million portfolio spanning assets in Calgary and the Victoria, B.C., area. The strategic co-ownership begins with Boardwalk’s Brio and Elbow 5 Eight properties in Calgary and The Vue and Aurora...
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Wolverine Mixed-Use Project Advancing in Arlington
A new four-story, mixed-use development featuring apartments and a variety of shops, offices and restaurant space is planned for Downtown Arlington. Under the agreement between the city of Arlington and Wolverine Interests, Wolverine would invest at least $60 million by 2029 to redevelop the 500 and 600 blocks of West Abram Street and the 400...
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Arrow Arranges $85M Construction Loan for Miami Condo Project
Arrow Real Estate Advisors arranged an $85 million construction loan on behalf of Northlink Capital for the development of 7200 Collins Avenue, a 222-unit luxury condominium project in Miami Beach, Florida. The financing, provided by Deutsche Bank, refinances existing debt and will fund the ground-up construction of the 12-story, 274,150-square-foot residential tower through completion. Located...
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Stewards Inks $79M Refi of Hollywood Rental Asset
Stewards Inc. completed a $79 million refinancing of 1818 Park, its luxury multifamily residential community in downtown Hollywood, Florida. Multihousing News reports Stewards acquired 1818 Park last August for $190 million. 1818 Park is a 22-story luxury residential community offering studio, one-, two- and three-bedroom residences complemented by resort-style amenities, including coworking space, fitness facilities, resort-style pools 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