CBRE has arranged a $24.1 million sale of The Q, an 87-unit multifamily community located at 1321 Queen Anne Ave N in Seattle’s Queen Anne neighborhood, to Kite Partners LLC. CBRE’s Mark Zoffel, Peter Wright, Reed Hunter, and Spencer Clark represented the seller, Acme Realty, in the transaction. CBRE’s James Bach and Nick DaValle of...
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Greenberg Gibbons has closed on the Frederick Brickworks property and will begin construction on a $450 million, 65-acre mixed-use destination in Frederick, Maryland, on the former brick manufacturing site. “Closing on the Frederick Brickworks property marks a pivotal milestone in bringing to life our vision that has been more than seven years in the making,”...
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Inland Real Estate Group sold Westlink at Oak Station at 1665 Pierson St. in Lakewood for $71.5 million. Inland bought the property in 2016 for $63 million. Amenities at the community include a pool and hot tub, fitness and business centers, and a clubhouse. The acquisition was facilitated by CBRE’s Denver Multifamily team, which was led...
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The Los Angeles City Council has approved the $2-billion Fourth & Central mixed-use development plan, among the largest such projects in LA history. Currently occupied by a mix of cold storage facilities, warehouses and parking, the project entails building 1,521 rental and for-sale apartments, 400,000 square feet of office, more than 100,000 square feet of...
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Starlight Investments has topped off its new Donvale Commons purpose-built rental project in Toronto. The infill development, located near Sheppard Avenue East and Don Mills Road on an existing Starlight property, will include a nine-storey apartment building and 48 rental townhome suites across three low-rise blocks. The project will offer a mix of studio, one-,...
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Core Spaces broke ground on Hub College Station, a student housing community located in the heart of the Northgate District just steps from Texas A&M University. Financing was provided by Pacific Life. Construction is led by Treehouse Construction. Architecture is led by Antunovich Associates. Located on College Main Street, Hub College Station will be the...
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The $5-billion next phase of the decades-long Atlantic Yards/Pacific Park project in Downtown Brooklyn will move forward with a new plan that adds thousands more apartments than previously proposed. The New York Business Journal reported that developers Cirrus Real Estate Partners and LCOR plan to begin construction in 2028, with the first buildings expected to...
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LCOR has begun work on Edgewater-area apartments after securing a $192.5 million construction loan. Natixis provided the loan to LCOR. It covers the 1.08-acre site at 1775 Biscayne Blvd. Coastal Construction started work on the project. The project is designed by ODP Architecture The South Florida Business Journal reports the developer purchased the Edgewater property for $49...
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