News
$100M Luxury Apartment Complex Slated Near Highland Park
Cover2 Capital is building a 20-story, $100 million apartment tower close to the border of Highland Park. Dubbed The Savannah, the development will include a rooftop pool and only 100 units. Units are expected to average 1,800 square feet and the Dallas Business Journal reports rents will be on the high end of the scale....
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320-Unit Gilbert Apartment Community Trades to Camden
CBRE arranged the sale of The Tyler, a 320-unit multifamily community in Gilbert, Arizona. CBRE’s Asher Gunter, Matt Pesch and Austin Groen represented the seller, StreetLights Residential. Camden Property Trust acquired the property. The Tyler offers studio, one-, two- and three-bedroom floor plans. Community amenities include a pool with cabanas, spa and fireplace, a greenhouse-style...
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JLL Secures $332M to Refinance 76-Story Chicago Luxury MF Tower
JLL has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower and the city’s tallest all-rental residence. JLL represented the borrower, Crescent Heights, in facilitating the five-year, fixed-rate loan through New York Life Insurance Company. JLL also arranged the mezzanine loan through PGIM’s real estate business....
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New Montreal $159.9M Affordable-Housing Project Breaks Ground
The new $159.9-million Angélique-Latimer affordable-housing complex in Montreal’s Saint-Michel area has broken ground. The 281-unit development project is designed to serve as a model for inclusive, sustainable community development. The project, led by the Black Communities Housing Society (BCHS), will include affordable housing, a community campus, neighbourhood commercial space and public areas intended to support...
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Silver Lake Development Parcel Increases Density Through Re-Entitlement
Northmarq’s Los Angeles Investment Sales team of Mike Hanassab, Steven Goldstein and Elliot Hassan arranged the $5.25-million sale of Hyperion Residences, a three-parcel development site located at 835 N. Hyperion Ave. in Los Angeles’ Silver Lake neighborhood. Northmarq represented the seller, Hyperion Apartments LP. The buyer is a locally based affordable housing developer. The site was delivered fully entitled and Ready-to-Issue for...
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Condo High-Rise Launches Construction in Sunnyside
Construction has begun at 51-02 Roosevelt Ave., a 19-story condominium rising at the border of Sunnyside. The development is led by Hiwin Group USA, whose previous work includes 300 W. 30th St. in Chelsea, a 16-story, 69-residence condo project that sold out in nine months. Scheduled for delivery in 2029, 51-02 Roosevelt Ave. represents a...
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Altitude Capital Partners Acquires Chicago’s Phantom Building for $10M
Altitude Capital Partners, a Chicago-based real estate development and investment firm, in partnership with Shanna Collective, has acquired 1447 N. Dearborn Street — historically known as The Dearborn — for $10 million. The building holds a notable chapter in Chicago’s architectural and cultural history. Originally a 50-room long-term-stay hotel constructed before 1925, it was later...
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Berkadia Arranges Sale of 423-Unit MXU Trophy Property in Arlington
Berkadia completed the sale of The Commodore, a 423-unit luxury multifamily community with 18,461 square feet of ground-floor retail located in Arlington’s Court House neighborhood. Senior Managing Director Brian Crivella, Managing Directors Yalda Ghamarian and Bill Gribbin and Associate Director Jack Canepa of Berkadia DC Metro arranged the sale on behalf of the seller, Charleston,...
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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