News
MBK Senior Living Begins Major Renovations on Downtown Bellevue Seniors Housing Property
MBK Senior Living announced that construction has officially begun on a comprehensive renovation of The Bellettini, a senior living community in the heart of downtown Bellevue, Washington. The transformation is expected to be completed in Summer 2026. The transformation will enhance key shared spaces throughout the community, including the lobby, concierge and valet areas, and...
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Blue Ridge Offloads 384-Unit Jax Apartment Community
Blue Ridge sold the Reserve at Jacksonville Commons apartment complex in Jacksonville for $54 million. The buyer was Southwood Realty. The Reserve at Jacksonville Commons, which has 384 units, was built in the early 2000s and features one-, two- and three-bedroom apartments. Monthly rents range from $1,215 to $1,595, with sizes from 840 to 1,340...
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Related Group Building 25-Story Jax Luxury Rental Community
Related Group has broken ground on the Southbank Residences, a 25-story mixed-use development along Jacksonville’s St. Johns River. This $200 million project marks the first new luxury high-rise along the Downtown riverfront in over a decade. Southbank Residences will deliver 395 luxury rental residences across two towers, anchored by a 4,500-square-foot waterfront restaurant and rooftop...
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Vacant Quincy Offices Eyed for Age-Restricted Condo Project
Atlantic Development plans to demolish a vacant office building in Quincy, MA and replace it with a five-building, 315-unit condominium development for residents 55 and older, reported the Boston Business Journal. The locally based developer acquired the 15-acre site at 1600 Crown Colony Dr. last year from Point32 Health, which moved out after the merger...
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Evolve Obtains Construction Loan for 210-Unit Burlington Rental Community
Northmarq Debt + Equity team led by Chris Hammel arranged the $38 million new construction financing for Evolve Crossing, a 210-unit, Class A multifamily development well-located in Burlington, North Carolina. Northmarq arranged financing for the borrower, Evolve Companies, through its relationship with CrossHarbor Capital Partners. Planned for completion in 2028, Evolve Crossing will be a Class A, garden-style...
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Surge in Apartment Starts Offsets April Decline in Single-Family
A surge in new U.S. multifamily construction and permitting helped to offset a sharp decline in single-family starts in April, according to Census Bureau data. The overall monthly decline of 2.8% was shallower than projected, although single-family starts were down 9.0% from March and 2.4% year-over-year, even as starts overall rose 4.6% from the April...
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Rental Roulette: You Can’t Out-Pivot Broken Economics
By Mark Goodman, Ian Brackett and Megan Johal, Goodman Commercial Across Metro Vancouver, a rethink is underway in developer boardrooms. Strata-condo projects conceived in a hot presale market are stalling. Buyers have balked, financing conditions have tightened, and proformas no longer pencil. So, many developers are contemplating the pivot to market rental – an option that might work...
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Avison Young Markets Echo Park Multifamily Portfolio
Avison Young has been selected to market for sale a newly constructed, Class A multifamily portfolio totaling 190 units across three properties in the Echo Park neighborhood of Los Angeles. Known collectively as the Echo Park Portfolio, the offering includes Park, located at 200 N Toluca St.; Vista, located at 215 N Toluca St.; and Zag, located at 1750 Glendale Blvd. The Avison Young...
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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