News
JPI Moving Forward on $113M McKinney Apartment Venture
JPI closed on the land to develop Jefferson Terry, a 393-unit community in McKinney. The Dallas Business Journal reports the $113 million project will be located on a 16-acre site at the southeast corner of U.S. Highway 380 and Terry Lane. Nearly 200 apartments will be reserved for income-qualified residents, including 177 units for households earning up to...
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POAH, Dorchester Bay EDC Break Ground on Mixed-Use Affordable
Preservation of Affordable Housing (POAH) and Dorchester Bay Economic Development Corporation (DBEDC) have broken ground for Columbia Crossing, a mixed-use development at the site of the historic Dorchester Savings Bank Hall on Columbia Road in Upham’s Corner. The POAH/DBEDC team was selected through a competitive, community-driven RFP process. The 48-unit affordable apartment building will be...
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Northmarq Secures $14M Financing for 148-Unit Multifamily in KS
Northmarq’s Minneapolis Debt + Equity team, led by Daniel Trebil and Logan McCarthy, arranged $14.3 million in acquisition financing for Station Lofts, a 148-unit mid-rise multifamily community located at 1100 N. Second St. in Leavenworth, Kansas. Northmarq arranged financing on behalf of the borrower, Partner Apartments, through a correspondent relationship with Freddie Mac. The permanent fixed-rate loan...
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Ziegler Closes $107M Funding for WA Seniors Housing Expansion Project
Ziegler announced the closing of the Heron’s Key Phase II Project, funded with more than $107 million in Series 2026AB Bonds, through the Washington State Housing Finance Commission. The borrower, Heron’s Key, is a Washington nonprofit that was established to develop, own and operate senior living facilities in the state of Washington. Heron’s Key operates...
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Trinsic Closes $50M Loan for 300-Unit Flower Mound Rental Community
Associated Bank announced the completion of a $50 million loan for Trinsic Residential Group for the construction of Aura Brookview, a Class A multi-family development in Flower Mound, Texas. The 10-acre community will be located within Brookview, a 240-acre master-planned community at the intersection of Cross Timbers Road and Highway 377. FlowerMound is approximately 35 miles north...
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Madison Capital Helming $60M St. Johns County Rental Project
St. Johns County issued permits totaling more than $26.5 million to Benco Construction, the builder for Madison Capital Group’s latest apartment venture. The Jacksonville Business Journal reports construction at the site on 875 State Road 16 is expected to take between 20 to 24 months for the $60 million project. Named Madison Seagrass, the 234-unit multifamily...
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LA Condo Property Sells to Its Original Developer
Marcus & Millichap closed the sale of 11925 Kling St., a 48-condominium property in the Valley Village neighborhood of Los Angeles. The condominiums sold for an average price of $331,250 each. Tony Azzi and Rabbie Banafsheha of the Azzi Group at Marcus & Millichap in Los Angeles represented the seller, MLT VII LLC. Azzi, Banafsheha, Arteen Zahiri and Ian Habbestad of Marcus & Millichap procured the buyer, a funding investment corporation. “Valley Village is one of the...
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Mogharebi Group Forges Partnership with Grandbridge Real Estate Capital
The Mogharebi Group (TMG) has formed an exclusive partnership with Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank. The partnership provides TMG clients with direct access to a lending partner. “This partnership is unique in that it enhances our services to our clients by providing a dedicated, highly capable lending partner into the investment process,”...
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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