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Interra Realty Brokers Sale of Bucktown Mixed-Use Property

Chicago & Midwest + Apartment Buildings

Interra Realty brokered the $4.95 million sale of 2105 W. Caton St. in Chicago’s Bucktown neighborhood. The nine-unit mixed-use property traded for $550,000 per unit. Interra Senior Managing Partner Brad Feldman represented the buyer, a local private investor who also assumed the loan. Additionally, Feldman represented the seller, a developer he had worked with on...

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Several Groups Welcome Supreme Court’s Decision Not to Review Aboriginal Title to Private Land

Canada + Apartment Buildings

The Supreme Court of Canada’s decision not to hear an appeal of a New Brunswick Indigenous land claim to private property is reverberating across Canada. Several organizations have welcomed the decision, with the First Nation that sought the appeal being an obvious exception. Government officials and lawyers say the decision could have implications for a...

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Basis Investment Group Secures $43M Refinancing for Newly Built Philadelphia MF

Washington DC + Apartment Buildings

Basis Investment Group has provided a $43 million bridge loan to refinance the existing construction loan supporting the lease-up of the Residences at Pier 40. The subject property is a newly constructed, 195-unit multifamily development sponsored by GY Properties on the Delaware River waterfront in Philadelphia’s Northern Liberties neighborhood. The Residences at Pier 40 is...

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BWE Secures $39M to Refinance Chicago Condominium Property

Chicago & Midwest + Apartment Buildings

BWE has secured $38.92 million to refinance 194 units of Woodland Park by the Lake, a 240-unit gated condominium community in the Bronzeville neighborhood of Chicago, Illinois. Ryan Morris, vice president, and Max Miller, analyst, both in BWE’s Chicago office, originated the five-year Freddie Mac loan on behalf of the sponsor, a joint venture between...

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Military Investments Spur CRE Activity in Halifax

Canada + Apartment Buildings

Increased military spending is boosting commercial real estate activity in Halifax, says a leading local broker. Craig Snow, co-owner of Remax Nova, told Connect that increased federal spending on military development projects and corresponding private investments are spurring deals in diverse asset classes across the region. Proposed development projects on military lands are making an...

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St. John Properties, Somerset Companies Break Ground on $148M Maryland MF Project

Washington DC + Apartment Buildings

St. John Properties, Inc. and Somerset Companies have begun construction on Aspen at Greenleigh, a $148 million, 335-unit luxury multifamily community located within the 1,000-acre mixed-use Greenleigh community in northern Baltimore County. A joint venture between the two real estate companies, the Middle River project features oversized studio, one-, two-, and three-bedroom living spaces ranging...

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Austin Church Eyeing 880-Unit Rental Project

Texas + Apartment Buildings

LifeFamily Church is looking to transform its 19-acre LifeFamily Mueller site into a mixed-use development. The Austin Business Journal reports the church has plans to construct 880 multifamily units and 15,000 square feet of religious assembly space on the site. The redevelopment plans would involve demolition. It’s not clear whether LifeFamily plans to make any...

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Town Lane Picks Up 186-Bed League City Sr. Living Facility

Texas

Berkadia brokered the sale of Grand Living at Tuscan Lakes, a Class-A senior living community in League City, Texas, approximately 30 miles southeast of downtown Houston. Grand Living at Tuscan Lakes was purchased by Town Lane and Arcole Partners, its senior housing platform. Bow River Capital and Ryan Companies developed and sold the project. Opened in 2023, Grand Living...

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