News
People and Companies News for Week Ending July 17, 2026
Kingswood Capital President Lorne Segal has been named a member of the Order of Canada. Segal was honoured for his “visionary, detail-driven leadership in landmark real estate development:” as well as his “enduring commitment to community service, including leadership in mental-health and youth-empowerment initiatives.” The governor-general’s office said his combined impact reflects of a “lifelong...
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CPC Mortgage Company Secures $42M to Rehabilitate Michigan Housing Property
CPC Mortgage Company, a subsidiary of The Community Preservation Corporation, has structured a $42.1 million loan for the preservation and rehabilitation of Parkside Estates and Demby Terraces, a 315-unit affordable housing community in Inkster, Michigan. Developed by Good Housing Partnership in partnership with the Inkster Housing Commission, the properties will undergo a full rehabilitation and...
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Bascom Acquires Buena Park Apartments as Value-Add Deal
The Bascom Group acquired Castlewood Park Apartments, a low-density, 183-unit value-add apartment community in Buena Park. The purchase price was $53,125,000, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, and Jake Vitta of IPA Capital Markets arranged the acquisition financing, with Brightspire Capital, Inc. providing the acquisition loan. The IPA Investment Sales team...
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NewPoint Originates $35M Financing for Arlington Hotel-to-Multifamily Conversion
NewPoint Real Estate Capital has originated a $34.6 million floating-rate bridge-to-agency loan for the acquisition and planned conversion of Clarion Collection Arlington Court Suites, a 187-unit property located in Arlington, Virginia. The bridge loan, which was used to finance the purchase of the extended-stay hospitality property, includes future funding for capital improvements and is structured...
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Ziegler Arranges $304M Tax-Exempt Bond for Groton Senior Living Expansion
Specialty investment bank Ziegler has closed on Fairview’s Vista Point Project, one of the largest senior living tax-exempt bond transactions to date in the state of Connecticut. The $304-million financing will be used to fund construction of the project, repay all outstanding indebtedness of the organization, establish a debt service reserve fund for each series...
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Calgary Hudson’s Bay Company Store Redev Likely to Include Retail
The redevelopment of the former Hudson’s Bay Company store in downtown Calgary is likely to contain a retail component, says a Barclay Street Real Estate broker. Joshua Gill, a senior associate said in an interview that the proposed buyer, Astra Real Estate, has developed retail components with mixed-use residential projects elsewhere in the city. “Based...
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NY State Taps Development Team to Build 1,100-Plus Apartments on Far West Side
Gov. Kathy Hochul has selected a team of Gotham Organization, Fisher Brothers and Mural Real Estate Group to develop 1,127 housing units on a state-owned site currently used for parking near the USS Intrepid Sea, Air, and Space Museum on Manhattan’s Far West Side. Thirty percent of the units in the two-tower development at 621...
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PCCP Provides $61M to Refinance 287-Unit DC Apartment Community
PCCP provided a $61.3 million loan to PGIM and Kennedy Wilson for the refinance of Parc Riverside East, a luxury mid-rise apartment community in the Navy Yard neighborhood of Washington, D.C. Built in 2014 and located at 1011 First Street SE, the 287-unit, 13-story property features studio, one-bedroom, and two-bedroom floor plans averaging 785 square...
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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