News
IPA Capital Markets Arranges $27M for Luxury DC Multifamily
IPA Capital Markets, a division of Marcus & Millichap, has arranged $26.87 million in financing, along with joint venture equity, for the acquisition of The Pinnacle, a newly built 115-unit luxury multifamily community in Washington, D.C.’s NoMa submarket. Led by Max Hulsh in the firm’s Manhattan office, the IPA Capital Markets team arranged the acquisition...
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225-Unit Seniors Housing Development in Issaquah Breaks Ground
The Springs Living, a senior housing and care provider operator, recently broke ground on a 225-residence senior living community in Issaquah Highlands, its first in the Seattle region. As The Springs Living’s 24th community, this development responds to the growing pressures across housing, as Washington’s aging population and constrained housing supply are placing increasing pressure...
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LiUNA, Fengate to Develop Almost 4,000 Multi-Res Units in Downtown Toronto
LiUNA and Fengate Asset Management have unveiled plans for Toronto Rail Yards, a major mixed-use development that is expected to deliver almost 4,000 multi-residential units above an active rail corridor in downtown Toronto. The development site is located between Bathurst Street and Spadina Avenue. The 14-acre project, which will be built over the existing rail...
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RAMROCK Snags Financing for Preston Center Mixed-Use Project
RAMROCK Real Estate, in partnership with Lincoln Property Company and Willow Bridge Property Company, secured financing for the 8300 Douglas project at Preston Center, a mixed-use development that will include an elevated office, residential and retail environments. The development includes a 12-story Class AA office tower spanning approximately 300,000 square feet, a 17-story luxury residential...
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Moody’s Sees Limited Impact of Five-Year Cap on NYC Apartment Rents
Just 6% of the 481 CMBS single-property multifamily loans in New York City would see credit metrics deteriorate to the point of default risk specifically due to a proposed five-year freeze on rent increases, Moody’s Ratings reported. However, the effect would vary across borrowers. According to Moody’s, the decisive variable in predicting CMBS performance is...
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Scottsdale Developer Inks $141M Construction Loan for Luxury Apartments
The Hampton Group has secured $141 million in construction financing for the development of IKONIC Scottsdale, a 14-story, 245-unit luxury multifamily rental tower in Scottsdale, Ariz. Completion is slated for 2028. Multihousing News reports that Greystone arranged the loan, which consisted of a senior mortgage from Bank OZK and a mezzanine loan from Related Fund Management....
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Ginkgo Acquires 483-Unit Greensboro Rental Property
Ginkgo Residential paid nearly $39 million for Edgewater Village, a Greensboro apartment complex at 5509 Weslo Willow Drive, for $38.75 million in May. The property was built in 1974, has three stories, 483 units and offers leases ranging from 4 to 18 months. The seller’s name was not disclosed. Edgewater Village is just off of...
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Madison Capital Obtains $223M Bridge Loan for 5 SE USA Apartments
Madison Capital Group inked a $223 million bridge loan for five multifamily communities in the Carolinas and Florida. Walker & Dunlop Capital Markets Real Estate Finance arranged the loans with multiple debt fund lenders for multifamily assets located throughout North Carolina, South Carolina, and Florida. Led by Walker Layne, Austin Sneed and Tyler Evenson, the five financings closed...
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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