News
Trevato Lands $76.8M Construction Loan for Jax Apartment Complex
Trevato Development Group obtained a $76.8 million construction loan to build a mixed-use development in Jacksonville. The four-year, floating-rate loan was provided by Ameris Bank. A JLL Capital Markets team led by Mark West secured the loan. The development, located at 1944 Beach Blvd. in Jacksonville Beach, will include a 415-unit apartment complex and 1,800...
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LiUNA, Fengate Toronto Rail Yards Project to Include Major Office Tower Project
LiUNA and Fengate Asset Management’s Toronto Rail Yards mixed-use development project will include an office component spanning almost one million square feet. The office portion of the proposed project will span approximately 85,000 square metres or 915,000 square feet. The two partners are looking to leverage the large office footprint as they seek to maximize...
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Rockpoint, Urby Launch JV for 69-Story Residential Tower on Jersey City Waterfront
Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, formed a joint venture to acquire land and develop a multifamily residential tower on the Jersey City waterfront. Urby will co-manage construction and development, and also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate. The 69-story building, to...
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Dwight Provides Largest Construction Loan in Company History for Gilroy Multifamily
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $183-million construction loan for a 530-unit luxury multifamily community in Gilroy, marking the largest construction financing in Dwight’s history. The loan was originated by managing director Keith Hoffman and originator Elliot Haft on behalf of developer Ten South Construction. Located at 315 Las Animas Ave., the property will comprise four mid-rise...
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Massachusetts House Okays Bill Allowing Residential on Church-Owned Land
The Massachusetts House of Representatives has voted to approve a bill that would allow churches, synagogues and other religious institutions to build housing on their property. Known as Yes in God’s Back Yard (YIGBY), the measure passed as part of a $561-million economic development and competitiveness bond bill. It needs to be approved by the...
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Montreal Home Sales Fall 8.2% as Supply Keeps Rising
Greater Montreal Area home sales declined 8.2% year-over-year in June amid continually rising supply, says Quebec’s real estate board. Total residential sales fell to 4,012 as the supply of available properties for sale 17% year-over-year to 20,894 in the Centris system, marking the 11th straight monthly increase, according to newly released Quebec Professional Association of...
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Turnbridge Eyeing Raleigh for Another Residential Tower
Turnbridge Equities is pursuing permission from the City of Raleigh to build a 20-story tower and single-story retail building near Nash Square. The development will have 220 residential units, 20,984 square feet of retail space and a parking deck. The Triangle Business Journal reports that plans show the 20-story building will have 160 one-bedroom units, 58 two-bedroom...
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Blake, Related Win Bid to Build Massive St. Pete Mixed-Use Project
Blake Investment Partners and Related Group have agreed to pay the city of St. Petersburg $275 million for the rights to build an expansive mixed-use project on city-owned land. The two were the winning bidders for the 58 acres in the Historic Gas Plant District. Dubbed The Burg Bid, the team’s proposal includes a mix...
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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