News
Northmarq Secures $50M Refinancing of Multifamily Asset in MN
Northmarq has arranged $50 million in financing for Ardor on the Bluffs, a 235-unit mid-rise multifamily community in Bloomington, Minnesota. Located at 3701 American Blvd, the complex is located just minutes from MSP International Airport and the Mall of America. Northmarq’s Minneapolis Debt + Equity team, led by Dan Trebil, arranged the financing on behalf...
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Catholic Charities Cuts Ribbon on $143M Affordable Seniors Housing in Brownsville
City and state officials joined representatives from Catholic Charities and community leaders to cut the ribbon on the new Catholic Charities Gail P. Duke Senior Residence. The $143.4-million development will provide 141 units of affordable sustainable apartments for low-income seniors with supportive services in the Brownsville neighborhood of Brooklyn. The Gail P. Duke Senior Residence,...
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Upland Apartments with Value-Add Potential Trade to Limited Partnership
Marcus & Millichap finalized the sale of Amber Pines Apartments, a 23-unit multifamily property located at 330 Amber Ct. in Upland. The property sold for $5.9 million, or $257,717 per unit. “Amber Pines features a mix of spacious studio, one- and two-bedroom floor plans,” said Douglas McCauley, senior managing director investments. “The asset’s prime north...
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PREMIER Design + Build Launches Adaptive Reuse at Merritt 7 Complex
PREMIER Design + Build Group has launched construction on M7 Lofts, a multifamily adaptive reuse project developed by Saber-Hightower and Granoff Real Estate. The project will convert two existing office buildings at the Merritt 7 campus in Norwalk, CT into 286 loft-style apartments across 511,000 square feet spanning eight floors. M7 Lofts represents a significant...
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Draper and Kramer Acquires 268-Unit Evanston Apartment Community
National full-service real estate firm Draper and Kramer, Incorporated, has purchased a 268-unit luxury multifamily rental building in Evanston, Ill., a suburb directly north of Chicago and home to Northwestern University. The 15-story property, Albion Evanston, will be rebranded as Eva under Draper and Kramer’s ownership. Draper and Kramer will also assume property management of...
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Waypoint Inks $100M Bridge Loan for Two Florida Rental Assets
JLL Capital Markets arranged $100 million in bridge financing for Waypoint Residential’s two-property portfolio in Florida, enabling the company to recapitalize recently completed construction projects. JLL worked on behalf of the borrower, Waypoint Residential, to secure floating-rate construction take-out financing with TPG Real Estate Credit. The portfolio consists of The Pointe at Davis Creek, a 288-unit...
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Landmark Delivers Tallest Student Housing Property in Philadelphia’s University City
Landmark Properties has delivered The Mark Philadelphia, a 909-bed student housing community in the University City neighborhood. Rising 34 stories, The Mark is the tallest student housing property in the University City submarket and is Landmark’s second ground-up development in Philadelphia, following The Standard at Philadelphia, which opened in 2023. The property at 3615-35 Chestnut...
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Apartment Property in Downtown Wenatchee Changes Hands
Tamarack, a 23-unit apartment community at 211 N. Delaware Avenue in Wenatchee, Washington, has sold for $3.25 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team represented the seller, Dan Dahl. The 21,400-square-foot garden-style community is located steps from downtown Wenatchee and offers investors a value-add opportunity in a highly...
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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