News
PEF Advisors, Freestone Capital Form JV to Recapitalize Affordable Properties
Preservation Equity Fund Advisors, an affiliate of the WNC family of companies, has formed a joint venture with Freestone Capital, a Seattle-based wealth advisory and asset management firm. The JV focuses on the long-term ownership and preservation of affordable housing communities. The JV includes four multifamily assets acquired through WNC California Preservation Equity Fund, L.P.,...
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Barnat Launches Phase II of Mixed-Income Multifamily Near Beverly MBTA Station
Barnat Development launched construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. Ten million dollars of Holmes OZ...
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Daytona Beach Okays Massive Avalon Park Group Development
The Daytona Beach City Commission approved rezoning 2,760 acres of vacant land for the Avalon Park Daytona Beach planned development. The development will feature 8,818 residential units and 1,091,150 square feet of commercial and non-residential space. The residential units at the new development will consist of a mix of single-family units, townhomes and apartments. The...
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Belgravia Converting Former Wake Forest Classrooms to Mixed-Use Project
Belgravia Management has chosen developer Revival Partners to convert 200 North College, a five-story, 458,169-square-foot building at 200 N. College St., into a mix of uses. The Triad Business Journal reports plans call for 290 apartment units and 50,000 square feet of ground-floor retail, restaurant and commercial space. Construction will begin this summer with delivery...
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$46M Bridge Loan Refinances Newly Built Moreno Valley Apartments
Dwight Mortgage Trust has provided a $46-million bridge refinance for Villa Annette, a newly constructed, 220-unit garden-style apartment community in Moreno Valley. The transaction was originated by Andrew Tichy on behalf of repeat client Robert Lattanzio of Latco Enterprises. Loan proceeds will be used to retire existing construction debt, cover closing costs, and repatriate equity to the borrower. Villa Annette comprises...
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Well-Located Bergen County Multifamily Trades for $29M
Cushman & Wakefield arranged the sale of 8 Tice Rd., a 52-unit multifamily property in the Bergen County borough of Franklin Lakes, NJ. The final sale price was $29,000,000. A Cushman & Wakefield team of Niko Nicolaou, Ryan Dowd, Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri represented both the seller, Adoni Property Group, and procured...
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Newly Constructed 60-Unit Property Across from UChicago Hits the Market
Chicago-based multifamily brokerage firm Essex Realty Group has been engaged to market for sale 825 E. 61st Street, a newly constructed 60-unit multifamily property located directly across from the University of Chicago campus at the intersection of Hyde Park and Woodlawn. Given the high demand for quality rental housing in the area, this property is...
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Fitzrovia Expanding to West Coast with Vancouver Office Opening
Fitzrovia has opened a West Coast office in downtown Vancouver, marking the company’s expansion into B.C. and the firm’s latest step in its national expansion. The expansion coincides with the opening of Sen̓áḵw Phase I, a 1,409-unit Indigenous-led rental community at the foot of the Burrard Street Bridge in Vancouver’s Kitsilano neighbourhood. Fitzrovia will provide...
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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