News
Related Beal Plans Complete Upgrade, Renovation of Salem Affordable Housing
Related Beal, Related Affordable, The Commonwealth of Massachusetts and MassHousing announced a complete upgrade and renovation of the Loring Towers affordable housing community built in Salem in 1974. With financing secured, Related will begin a comprehensive, multi-phased renovation of the 250-unit property in August, extending long-term affordability to 2056. The $38-million renovation, expected to be completed by 2028,...
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Kidder Mathews Arranges Sale of Capitol Hill Mixed-Use Apartment Building
Casa del Rey, a 30-unit mixed-use apartment building, located at 321 Broadway E. in Seattle’s Capitol Hill neighborhood, has sold for $4.57 million. Matt Johnston, Jerrid Anderson, Matt Laird, and Jack Shephard of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller, 321 Broadway Associates, LLC, a Seattle-based real estate investment company. The buyer...
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Milhaus Merges with SRG Residential, Will Acquire Broadshore Capital
Indianapolis-based Milhaus has completed a merger with one Southern California-based multifamily company and has agreed to acquire another. The merger of Milhaus with SRG Residential forms a national, vertically integrated platform focused on developing, owning, and managing apartment communities in more than 20 top U.S. apartment markets. In addition, Milhaus has agreed to acquire Los...
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Habitat for Humanity SKKC Completes Largest Affordable Housing Building to Date
Habitat for Humanity Seattle-King & Kittitas Counties (Habitat SKKC) will celebrate the completion of the 58-home Liberty Commons community in Seattle’s Columbia City neighborhood. Liberty Commons is Habitat SKKC’s largest single-building development to date—and the largest multi-family building in Habitat for Humanity’s history. Located at 5022 Martin Luther King Jr. Way S., Liberty Commons features...
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Hazelview Completes $150M First Close of New Canadian Multi-Family Fund
Hazelview Investments has completed a $150-million first close of its Hazelview Canadian Multi-Residential Fund VI, securing equity commitments from Canadian institutional and private investors for a value-add rental-housing investment strategy focused on supply-constrained markets. The closed-end fund will target purpose-built rental properties in Ontario, Alberta, Quebec and Nova Scotia, with a seven-year investment horizon. Hazelview...
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Marcus & Millichap: ROAD to Housing Act Passage is “Step in the Right Direction”
Congress’ passage of the 21st Century ROAD to Housing Act, which became law this past weekend without President Trump’s signature, marks “one of the most significant federal housing reform efforts in decades, reflecting a bipartisan shift toward addressing the nation’s affordability problem,” Marcus & Millichap says in a special report. “Construction and homeownership constraints will...
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Calgary Retail Real Estate Market Building ‘Genuine Momentum’
Calgary’s retail real estate sector continues to demonstrate resilience and momentum, says a new report from Barclay Street. The city’s retail real estate market remained one of Canada’s strongest in the second quarter, with overall occupancy holding at 97.0% and vacancy staying near historic lows as luxury retailers, restaurants and U.S. brands continued to expand...
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Apartment Units Replacing Vintage Dallas Hotel Rooms
The Cabana Motor Hotel along Stemmons Freeway was once a go-to destination in Dallas. The Beatles and Monkees stayed there and Raquel Welch once worked the cocktail lounge. After opening in 1963, the property, which has had numerous owners over the years, including the county jail system, is now being transformed into a 175-unit apartment...
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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