News
PGIM Trades Tucson-Area Assisted Living Center for $23M
The Watermark at Oro Valley, a 101-unit assisted living community at 9005 N. Oracle Road in Oro Valley, sold for $23 million. The buyer was Steller Senior Living. The seller was PGIM Real Estate. Built in 2018, the two-story assisted living facility contains 83,059 square feet on 3.42 acres in the Shadow Mountain Estates area....
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RioCan Sells 50% Stake in Toronto’s The Well
RioCan REIT has sold its 50% stake in the multi-family rental tower at The Well in downtown Toronto to Woodbourne Capital, according to multiple reports. GreenStreet reported that RioCan received a price of $155 million. Woodbourne already owned the other 50%. The deal has closed after RioCan announced its intention to sell the Real Estate...
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Analysts, CRE Executives Not Surprised by BoC’s Decision to Hold Key Interest Rate at 2.25%
Analysts and commercial real estate executives were not suprised by the Bank of Canada’s decision to keep its key overnight lending rate unchanged at 2.25% on Wednesday. The decision marked the sixth straight time that the BoC has held its policy rate. The central bank said the Canadian economy is showing signs of improvement, with...
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StreetLights Advancing Apartment Venture at Former Plano Office Campus
StreetLights Residential has secured $54 million in equity, along with $111.5 million in construction loans, for a new 22-story Plano apartment complex expected to open in 2029. The project will be part of the conversion of The Park of Legacy, a 107-acre office campus into a mixed-use development with apartments, hotels and restaurants. It used...
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Private Equity Turns to Debt Investments to Add Multifamily Assets
U.S. multifamily advertised rents increased by an average of $4 in June to $1,763, continuing the recent trend of moderate growth, Yardi Matrix reported. Rents rose 0.7% during the second quarter of 2026 and 1.0% in the first half of the year. Both metrics fall well below the pace seen in both the immediate pre-pandemic...
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Signorelli Reveals Two New Phases for New Caney’s Valley Ranch
The Signorelli Company unveiled the next two phases at Commerce District at Valley Ranch, a new 55-acre mixed-use destination in New Caney, Texas. It represents the evolution of the 1,400-acre Valley Ranch master-planned community in New Caney, Texas. Situated on 55 acres, Commerce District will encompass 400,000 square feet of commercial development and a 600-unit...
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Garden-Style Apartments Go for $78M in North County San Diego
CBRE facilitated the $77.5-million sale of Sunterra, a 240-unit multifamily community located at 3851 Sherbourne Dr. in Oceanside. The firm’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas advised the seller, 29th Street Capital. Debt and Structured Finance support was provided by James Flinn and Justin Fitchett. Sunterra is a low-density, garden-style apartment community situated on approximately 14.24 acres in North County San Diego....
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$45M Loan Finances Construction of Harlem Condo High-Rise
SCALE Lending, the debt financing arm of Slate Property Group, has issued a $45-million senior-secured construction loan for a new multifamily project located at 264-272 W. 135th St. in Harlem. The sponsor, Mass Development, will use loan proceeds for the ground-up development of an 11-story residential condominium building. Arrow Real Estate Advisors’ Brandon Serota & Will Farrell represented...
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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