News
Clarke, Ravelin, Holloway Senior Executive Teams Revamped Amid CRE Integration
Clarke has revamped its own, Ravelin Properties REIT’s, and Holloway Lodging Corporation’s senior executive teams amid a commercial real estate integration. The changes, effective Wednesday, are intended to strengthen operational leadership across Clarke’s residential, hotel and commercial real estate businesses by expanding executive responsibilities and decision-making authority, said the company. The moves come after Clarke...
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Rise48 Equity Acquires N. Phoenix Rental Community
Tailwind Investment Group offloaded Rise at the Northern, a 108-unit apartment community at 17840. N. Black Canyon Highway in far north Phoenix. Rise48 Equity paid $21.7 million for the multifamily venture. Rise48 Equity pre-empted the offer process and submitted a full-price offer with a non-refundable deposit on Day 1. Northmarq’s Phoenix Investment Sales (IS) team of Jesse Hudson, Chris...
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Livmark Lands $115.5M Construction Loan for Ft. Collins Apartments
Livmark Properties obtained a $115.5 million construction loan for Collins at Union Park, a 457-unit luxury multifamily community in Fort Collins, Colorado. The debt, arranged by Concord Summit Capital, was structured on a non-recourse basis with an 88% loan-to-cost ratio. Collins at Union Park is a thoughtfully designed residential development featuring upscale apartments and carriage homes. Planned...
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Avalon Bay Planning Apartments, Retail in South Miami
Avalon Bay Communities purchased a full city block in South Miami, clearing the way for a mixed-use community. AvalonBay acquired the approximately 1.18-acre site from longtime owner Robins Plaza for a base purchase price of $22 million in an off-market transaction. Cushman & Wakefield’s Virgilio Fernandez represented AvalonBay Communities in the transaction. Avalon Bay’s newest...
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Milhaus Receives Approval to Develop Kansas City Affordable Apartments
Milhaus has received approval from the Missouri Housing Development Commission for Low-Income Housing Tax Credits to advance Linwood & Troost Apartments in Kansas City. The project will convert two vacant lots at 3200 Troost Ave. into a 100% affordable residential development featuring two four-story buildings with 194 units. The project marks Milhaus’s first Low-Income Housing...
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Meridian Arranges 10-Year Refi Loan for Kew Gardens Apartments
Meridian Capital Group has secured $16,350,000 in financing on behalf of BRG for Dale Gardens, a 103-unit multifamily complex located at 84-17 125th St. in Kew Gardens. The loan was provided by JPMorgan Chase and was placed by Meridian’s Avi Weinstock and Chesky Klein. The financing was structured with a 10-year term at a fixed...
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Northmarq’s Mid-Atlantic Team Completes $26M Sale of Manufactured Home Community
Northmarq’s Mid-Atlantic Investment Sales team has completed the $25.5-million sale of Vintage Acres, a 300-pad manufactured housing community located at 501 West Stowe Street in Duluth, Minnesota. The property also includes two apartments and 14 storage units. The mobile home park, built in 1985, is more than 97 percent occupied, and its homes are almost...
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JLL Arranges Trophy Seniors Housing Portfolio Sale
JLL has completed the sale of a four-property seniors housing portfolio totaling 344 units in Chicago and Philadelphia submarkets. JLL’s National Seniors Housing Capital Markets team represented the seller, a joint venture between Bain Capital and Capitol Seniors Housing. JLL’s National Seniors Housing Capital Markets team, representing the seller, was led by Senior Managing Directors...
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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