News
Meridian Arranges $186M Financing for Asbury Park Condo Project
Meridian Capital Group arranged $186,000,000 in construction financing for Lido Oceanfront Residences, a new luxury condominium development located at 1201 Ocean Ave. N. in Asbury Park, NJ, on behalf of Inspired by Somerset Development. The loan was provided by Madison Realty Capital and was arranged by Meridian’s David Bollag and James Darling. Lido Oceanfront Residences will deliver 112 for-sale residences ranging from...
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Oakville Town Council Approves Rose Corporation’s Plan for 5,600-Home Mixed-Use Project
The town council in Oakville, Ont., has unanimously approved the Rose Corporation’s official plan and by-law amendments for a 5,600-residence mixed-use project on a former General Electric property. The approval clears a major planning hurdle for the proposed 27-acre mixed-use redevelopment at 420 South Service Road East, said the company. The former General Electric manufacturing...
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Wellpointe Plans $2B Affordable Senior Living Complex in Warner Center
Wellpointe Inc. unveiled plans for Viva L.A. at Warner Center, a four-phase, 100% affordable senior housing community at 6400 Canoga Ave. in Warner Center’s downtown district. The development represents a total estimated investment of $2 billion at the 4.71-acre Woodland Hills site that a Wellpointe property-holding affiliate acquired in 2025 from Parkview Financial. Designed by Gensler, Viva L.A....
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REBNY Slams Rental Ripoff Report as Painting Industry with “Broad Brush”
Mayor Zohran Mamdani on Thursday issued the Rental Ripoff Report, a package of 23 tenant protection recommendations. The Real Estate Board of New York (REBNY) responded with a statement from President James Whelan saying that the administration “continues to paint property owners with a broad brush, unfairly characterizing an entire industry.” The recommendations, derived from...
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Cushman & Wakefield Arranges $59M for Luxury DC Multifamily Property
Cushman & Wakefield has arranged a $58.6 million refinancing for The Ellington, a 190-unit luxury multifamily property with more than 16,000 square feet of retail space at 1301 U Street NW in Washington, D.C. The Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Alex Hernandez, Marshall Scallan, Meredith Crawford and Will...
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Minto Apartment REIT’s $2.3B Go-Private Deal Receives CMHC, Lenders’ Approvals
Minto Apartment REIT’s proposed $2.3-billion go-private deal through a joint-venture with Crestpoint Real Estate Investments has received critical approval from the Canada Mortgage and Housing Corporation and certain lenders. The approvals were required before the deal can close. The Ottawa-based REIT announced Thursday that the transaction, to be completed under a standard plan of arrangement...
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West Palm Beach Eyeing Waterfront Rezoning Moratorium
West Palm Beach gave tentative approval to a measure that would pause redevelopment in a waterfront area of the city’s downtown. It will mostly affect the seven apartment and condo projects on S. Flagler Drive and Washington Road. The S. Florida Business Journal reports the measure would halt any new projects in the area that...
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Peerless Building 259-Unit NCSU Student Housing Development
Peerless Development is pursuing the construction of a 713-bed student housing project on Crest Road directly behind North Carolina State University’s South Campus. The Triangle Business Journal reports that the site plans show a 7-story mixed-use building — the height would range from 5 to 7 stories due to grade changes on the site. There will...
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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