News
Guest Column: What Will Attract Young Professionals to a New Rental-Apartment Building?
(This guest column by Wendy Waters, a widely followed research specialist, provides insights on young professionals’ rental–apartment preferences.) By Wendy Waters, Real Estate Research Specialist What will attract young professionals to a new rental-apartment building? The design process at leading apartment-development firms starts with this question. Many developers immediately plan for a lounge, rooftop deck,...
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Apartments Along Burton Way Trade for $603K Per Unit
Marcus & Millichap closed the sale of The Versailles Apartments, a five-story, 78-unit multifamily asset at 8811 Burton Way in Los Angeles. The property sold for $47 million, or $602,564 per unit. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Millichap represented the seller and procured the buyer. Azzi said, “On the market...
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Berkadia Secures $126M Refi on 99% Occupied New Rochelle Apartments
Berkadia secured a $126.407-million loan to refinance Two Clinton Park, a 28-story luxury apartment tower with 390 residences and 7,574 square feet of ground-floor retail space at 50 Clinton Pl. in downtown New Rochelle, NY. The loan is a Fannie Mae Near Stabilization execution, a conventional, eight-year loan featuring full-term interest-only payments amortized over 35 years. Managing director Brad...
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CBRE Completes $17M Sale of 70-Unit Multifamily on Bainbridge Island
CBRE has completed the sale of Quay Bainbridge, a 70-unit multifamily community located at 250 Shannon Dr SE on Bainbridge Island, Washington, for $16.8 million. CBRE’s Mark Zoffel and Natalie Kasper represented the seller, Quay Bainbridge LLC. “That demand and our proven process translated directly to the sale price — the property listed at $15M...
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Quarterra Sells 290-Unit Kierland Rental Asset
Quarterra Multifamily has sold Residences Kierland, a 290-unit community in Scottsdale, to MacNaughton. MultihousingNews reports that Nationwide issued a $90 million, five-year loan to McNaughton for the transaction. This is the first time the property traded. Located at 15825 N. 71st St., the property came online in 2023 on roughly 4 acres. It sits next...
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Alberta Will Lead Canadian Economic Growth in 2026: ATB
Alberta is expected to lead Canada in economic growth in 2026, with real GDP projected to expand by 2.6% as higher oil prices and continued population growth support the province’s economy, according to a new outlook from ATB Financial. ATB’s latest Economic Outlook forecasts that Alberta’s economy will grow significantly faster than the national economy,...
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Rosewood Delivers Final Phase of 956-Unit San Antonio Apartment Community
Rosewood Property Company is now leasing the third phase of The Tobin Estate Apartments, completing a project that totaled 956 unit across 44 acres. The project was launched in 2016. Located at 3310 Oakwell Court, the third phase spans 10 acres and introduces 359 new apartment homes to the community. Residences range from 570 square feet...
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People and Companies News for Week Ending June 12, 2026
Cameron Stephens Mortgage Capital has appointed Steve Cameron as president and CEO. Scott Cameron, a company co-founder, has transitioned to the role of executive chairman, remaining actively engaged in credit oversight, investment committee leadership, and the firm’s most important investor relationships. Scott Cameron co-founded the company with George Frankfort in 2004 and helped grow assets...
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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