News
Fully Leased Fulton Market Mixed-Use Asset Trades Hands
Greenstone Partners has brokered the sale of 1012 W. Randolph Street, a fully leased mixed-use investment property located along Restaurant Row in Chicago’s Fulton Market neighborhood. The property sold for $4.05 million, with the transaction brokered by Greenstone’s Danny Spitz, Managing Partner, Tom Galvin, Investment Associate, and Brewster Hague, Partner, on behalf of the seller....
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Burnaby Multi-Family Development Site Sold for $6M Through Court Process
A Burnaby, B.C., multi-family development site has sold for $6 million through a court sale after receiving unexpected late demand and exceeding the offer price. A B.C. numbered company agreed to purchase the property located in the Edmonds area from lender Desjardins. “What began as a regular day in court for the approval of a...
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Cavan Spins Off Phoenix BTR Community for $112.5M
Cavan Cos. has sold The Bungalows on Camelback, a 334-unit, build-to-rent asset in Phoenix, for $112.5 million. That comes out to about $337,000 a unit. A private individual acquired the property. This deal marked the biggest single-asset BTR sale in the metro’s history. Located on more than 29 acres at 4747 N. 99th Ave., The Bungalows on...
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From NAIOP to CREDA: New Name, Expanded Scope, Same Mission
The rebranding of NAIOP to the Commercial Real Estate Development Association didn’t occur overnight—the association has worked for years on crafting its new identity. Nor is it the first time the organization has undergone a name change; in fact, President and CEO Marc Selvitelli told Connect CRE, the new name is its sixth since its establishment as the National Association of Industrial Parks...
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Sundance Bay Snags $95.7M Financing on Two Texas Rental Communities
Sundance Bay obtained financing totalling $95.7 million for a 626-unit two-property Texas portfolio. Cushman & Wakefield’s Texas Equity, Debt & Structured Finance (EDSF) arranged the financing, which consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan through CCL Capital. The portfolio includes Grove East, a 324-unit...
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UDR Offloads Nashville Apartments After 31-Year Hold
Covenant Capital Group paid $41.5 million for Legacy Hill, a 206-unit multifamily community in Nashville. Multihousing News reports UDR sold the property after 31 years of ownership. Walker & Dunlop facilitated the transaction through a $29.4 million Freddie Mac loan. Legacy Hill occupies approximately 14 acres at 501 Shadowood Drive, close to interstates 40 and 65....
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Financing Secured for Centennial Yards Mixed-Use Project
Centennial Yards Co. plans to build a 12-story building with approximately 280 apartments, 62,000 square feet of retail space and a 509-space parking garage. A CIM Group subsidiary is still ironing out last minute details before construction starts. A groundbreaking is tentatively scheduled for early 2027. Centennial Yards is expected to cost $5 billion and...
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Fort Lauderdale Developer Inks Financing for Condos, Apartments, Retail
Dependable Equities, an affiliate of Sky Equity Group, secured $54 million in pre-construction financing from CDK, with Valley National Bank serving as a participating lender to advance a residential development south of the New River, near downtown Fort Lauderdale. The financing, arranged by Daryl Hagler and Allen Weinstein of CDK Capital, will support the planning...
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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