News
Sycamore-Led Team Converting Dallas Nursing Home to 75 Supportive Units
Hunt Capital Partners, Sycamore Development, and ASD – A Home for Life announced the financial closing of The Meadow, a $33 million rehabilitation development at 8130 Meadow Road in Dallas. The project, led by Sycamore Development and co-developed by ASD, will convert a former nursing home facility constructed in 2016 into 75 new homes with...
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Germantown Developer Reveals Schedule for Mixed-Use Project
Proffitt Dixon Partners wrapped up the 345-unit Chamberlain House (shown) earlier this year and is now unveiling its construction timeline for Ferra, a venture featuring 325 apartments, ground-level retail and restaurant space. The Nashville Business Journal reports the company is looking at 2027 to break ground on its latest project, with delivery slated for the...
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Sienna Strikes $73.8M Deal For 165-Suite Ontario Retirement Residence
Sienna Senior Living is continuing an active year of acquisitions with a $73.8M deal for a recently developed seniors housing campus in Brighton, Ont. The company has agreed to acquire Brighton Retirement & Active Living, a 165-suite property about 150 kilometres east of Toronto. The campus includes Brighton Retirement Living at 291 Main St. and...
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Terra Inks $507M Construction Loan for Biscayne Bay Condos
Terra, in partnership with RG Development Group, GV Development and LORE Development, has secured a $507 million construction loan from TYKO Capital for the development of 1250 West Avenue, a new luxury waterfront condominium planned along Biscayne Bay in Miami Beach. Located at 1250 West Avenue, the 28-story development along Miami Beach’s western waterfront will feature 106...
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Berkadia Arranges Refis for 3 S. Florida Rental Communities
Berkadia arranged $36.7 million in financing on behalf of Rental Asset Management (RAM) of Lauderdale, Florida for three multifamily communities across the state, including two in Miami-Dade County. Matthew Robbins and Hugo Hernandez of Berkadia Boca Raton led the transactions, alongside Mitch Sinberg, Brad Williamson and Scott Wadler. It included acquisition financing for the newly...
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Higher Rates Could Keep Renters Renting and Apartments Trading
Marcus & Millichap says higher rates are extending renter tenure as apartment fundamentals improve The Federal Reserve initiated a rate hike in September. As of Oct. 8, the 30-year fixed-rate mortgage stood at 7.4%, up from 6.3% a year ago. Higher mortgage rates are making homeownership increasingly difficult, as if it wasn’t already. A recent...
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Rockland Trust Provides Financing for Quincy Affordable Development
Rockland Trust is providing a financing package of $7.4 million to Father Bill’s & MainSpring for the development of a new 24-unit affordable housing community at 150-156 Quincy St. in Quincy, MA. The Quincy Street Apartments project will transform the site into a multifamily residential community designed to expand access to housing in a region...
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Recent Capital Improvements Drive Van Nuys Apartment Deal
Northmarq’s El Segundo Investment Sales team led by Brent Sprenkle, in collaboration with the firm’s Los Angeles office led by Elliot Hassan and Mike Hanassab, brokered the $5.25-million sale of Vanowen Apartments, a 24-unit low-rise multifamily community located at 15022 Vanowen St. in Van Nuys. The Northmarq team represented the seller, David H. Greenhut. The buyer...
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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