News
Massachusetts Rent-Control Ballot Measure Struck Down by Court Ruling
A proposed ballot measure to reintroduce rent control to Massachusetts will not go before voters this fall following a Supreme Judicial Court ruling that the law would be unconstitutional, reported the Boston Business Journal. The potential ballot question failed to advance to voters because of an exemption for religious institutions. A ballot question would have...
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Safehold Closes on Ground Lease for Santa Cruz Development
Ground lease REIT Safehold Inc. has closed on a $45-million ground lease for the development of an affordable housing community in the Soquel area of Santa Cruz. The project will be developed by The Pacific Companies, a prolific development firm and repeat Safehold customer. “This is a high-quality, large-scale community in a high-cost coastal submarket...
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Quarterra, Eldridge Acre Partners Break Ground on Murrieta Apartments
Multifamily developer and investment manager Quarterra has broken ground on Aldea, its first apartment community in Murrieta and its 13th in Southern California. Eldridge Acre Partners (EAP), a privately held real assets investment management firm, provided preferred equity to the development. The project’s lead lender is ING Capital LLC. “Murrieta is a strong residential market due to...
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S3 Capital Makes Its First Residential Conversion Loan on Midtown Project
S3 Capital has originated a $102-million construction loan for 311 W. 43rd St., a 15-story, 168,299-square-foot office building in Manhattan’s Hell’s Kitchen neighborhood that’s slated for a 160-unit residential conversion with ground-floor retail. The transaction marks S3’s first office-to-residential conversion, following years of careful evaluation. The project is led by sponsor Hershy Silberstein alongside general contractor...
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RailField Partners Acquires Multifamily in DC Suburb
RailField Partners announced the acquisition of Elme Watkins Mill, a 210-unit garden-style apartment community in Gaithersburg, Maryland. The property has been renamed One80 Watkins Mill, and RailField plans to implement strategic property improvements. Located at 180 Watkins Station Circle, the property was built in 1975 and is situated on more than 11 acres. The community is...
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Harvard, Tishman Speyer, Breakthrough Cut Ribbon on Mixed-Use Complex in Allston
Harvard University, Tishman Speyer and Breakthrough Properties were joined on June 23 by Mayor Michelle Wu and a host of university, elected, local community and business leaders to cut the ribbon on the first phase of the Enterprise Research Campus (ERC), a nine-acre mixed-use development in Boston’s Allston neighborhood. The first phase of the ERC, a...
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Kidder Mathews Arranges Sale of 22-Unit Fremont Apartment Property
The Francis, a 22-unit apartment community located at 3636 Francis Avenue N. in Seattle’s Fremont neighborhood, has sold for $7 million. Matt Laird and Jack Shephard of Kidder Mathews’ Simon | Anderson Multifamily Team served as the exclusive brokers representing the seller, Trimark Property Group, and sourced the buyer, Curtis Capitol Group. Built in 1988,...
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Arista, Paradise Acquire Thornhill Square Shopping Centre
Arista and Paradise Commercial have acquired Thornhill Square Shopping Centre, a 170,000-square-foot mixed-use retail property in Thornhill, Ont. Financial details were not disclosed. The shopping centre, located at 288, 298 and 300 John St., is anchored by Food Basics and Shoppers Drug Mart, and also includes tenants such as CIBC and Santorini Estiatorio. Arista and...
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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