News
Tidan Pitches $500M Griffintown Redevelopment With Twisting Tower
Groupe Tidan is looking to turn a long-held Griffintown property into a $500M, 923-unit rental development, bringing one of the neighbourhood’s largest remaining redevelopment sites closer to construction. The proposal for 1457 Rue Ottawa, on the triangular block bounded by Ottawa, William and Saint-Thomas streets in Montreal, would be built in three phases. Its architectural...
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CBRE Arranges $40M Sale of 178-Unit MF in Downtown Portland
CBRE announced the sale of 10th @ Hoyt, a 178-unit multifamily community with approximately 13,461 square feet of ground-floor retail space located at 925 NW Hoyt St. in Portland, Oregon, for $40.4 million. CBRE’s Josh McDonald and Joe Nydahl represented both the seller, Rise Properties, and the buyer, a California-based family office, in the transaction....
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Hines Acquires Bishop Arts Multifamily, Retail Portfolio
JLL Capital Markets arranged the sale of the Bishop Arts retail and multifamily portfolio, a collection of four Class A multifamily properties and 40,747 square feet of premier retail along North Bishop Ave. in Dallas. The Bishop Arts District is anchored by independent restaurants, local bars and retail. JLL represented the seller and developer, Exxir, owned...
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Chicago-Based Pearlmark Closes on Senior Mortgage Loan for North Carolina MF
Chicago-based Pearlmark closed on a $19.9 million debt investment to finance the acquisition of The Bridges of Cabarrus, a garden-style multifamily community comprising 144 units across seven three-story buildings in Kannapolis, North Carolina. The investment was originated and structured on behalf of Pearlmark Realty Senior Mortgage Partners I, L.P. The property was acquired by ESJ...
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Hillpointe Building 358-Unit Reno Rental Community
Hillpointe acquired a 32.5-acre site at 18610 Wedge Parkway in South Reno, on which it will build a 358-home rental community called Pointe Grand Cape at Southport. Pointe Grand Cape at Southport will feature 268 two-bedroom, two-bathroom apartments across 12 residential buildings, along with 90 built-to-rent three-bedroom, two-and-a-half-bathroom townhomes, each with an attached two-car garage....
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ESJ Inks Acquisition Loan for 144-Unit Kannapolis Rental Asset
ESJ Partners utilized a $19.9 million loan to finance the acquisition of The Bridges of Cabarrus, a 2021-vintage garden-style multifamily community comprising 144 units across seven three-story buildings in Kannapolis, North Carolina. The property sold for $29.5 million. Pickering & Co. was the seller. The loan was originated and structured on behalf of Pearlmark Realty Senior...
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Embrey Scores $76.2M Financing for 354-Unit Orlando Apartment Community
Embrey obtained $76.2 million in construction take-out financing for Citron at The Packing District, a 354-unit, Class A multifamily community in Orlando, Florida. Newmark engaged the bridge-lending market, debt funds, balance-sheet lenders, and CLO-driven capital sources to secure the financing. Newmark’s Matthew Williams and Rob Wright secured the financing on behalf of EMBREY, with support...
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Upper Canada Mall’s $411M Sale Leaves 5,100-Home Vision In Place
Upper Canada Mall is changing hands, but Newmarket says the long-term plan to turn its sprawling parking lots and surrounding land into a mixed-use neighbourhood remains in place. Primaris is acquiring the 990K-SF shopping centre at 17600 Yonge St. from Oxford Properties for $411M, with the transaction expected to close by Oct. 31. The deal...
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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