News
Harbor Group Lands $124.6M Refi on Las Colinas Mixed-Use Venture
Berkadia arranged a $124.6 million loan on behalf of Harbor Group International (HGI) to refinance Alesio Urban Center, a mixed-use community featuring 908 apartment homes and 55,499 square feet of retail and commercial space in the Las Colinas submarket of Irving, Texas. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia’s Miami office...
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Austin, San Jose Lead in Rebounding Multifamily Fundamentals
Austin and San Jose top Apartments.com and CoStar’s latest U.S. Multifamily Momentum Index amid a period of diminishing supply pressures and stabilizing demand. The index highlights where conditions are gaining ground the fastest, based on year-over-year improvement in several measures, including rent growth, vacancy, the balance between demand and new supply, and changes in the...
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Miami-Dade County Sells Apartment Site for $10
Cipres paid Miami-Dade County $10 for a lot, enabling them to build an 8-story affordable housing project in the Wynwood neighborhood. With land costs so high in Wynwood, an affordable housing project in the neighborhood wouldn’t pencil out, hence the nominal price. The S. Florida Business Journal reports the lot spans roughly 0.16 acres and...
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New Owner to Kickstart Stalled Kissimmee Hotel/Condo Project
Unity Stone Group appears ready to take over a stalled hotel-condo project in Kissimmee. The Sycamore Orlando Resort property has changed hands a few times after the original developer declared bankruptcy in 2024. There are two incomplete towers on the site at 2961 Sycamore Resort Drive. Now Unity Stone Group is aiming for a fourth-quarter...
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Two Salisbury Non-Profit Developers to Helm Mill-to-Housing Conversion
Two non-profit housing developers have been greenlit by the city of Salisbury to convert a former textile mill into affordable housing units. The $46 million development at the former Kesler Mill site will consist of 153 apartment units at 423 Martin Luther King Ave. The project would repurpose the 13-acre Kesler Mill site at 423 N. Martin...
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Trilogy Scores Financing for Bartow County BTR Community
Trilogy Investment Company closed a $30.7 million construction loan from Genesis Capital for REV3 at Stars Way, a 122-unit build-to-rent townhome community in Emerson, Georgia. Civil construction is underway, and vertical construction is set to begin in late June. First home deliveries are anticipated in late 2026. Located northwest of Atlanta along the Interstate 75...
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Mott Haven Development Site Set for One or More Residential Buildings
JLL Capital Markets arranged the $21.7-million sale of 122 Bruckner Blvd., a 172,774-square-foot residential development site in the Mott Haven section of the Bronx. JLL represented the seller, Altmark Group, and negotiated the transaction directly with the buyer, Nalcorp, which plans to develop one or more residential buildings. The JLL Capital Markets Investment Sales and...
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Naftali Credit Partners Arranges $75M Debt for Flatbush Condo Project
Naftali Credit Partners has closed on a $75-million loan to support the development of 757 Flatbush Ave., a nine-story ground-up condominium development in Brooklyn’s Flatbush neighborhood. The financing package includes a $58-million senior loan provided by Madison Realty Capital and a $17-million mezzanine loan provided by Naftali Credit Partners. Following a successful collaboration on 208 Delancey in 2020...
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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