News
Diverse Investors Driving Canadian CRE Reset: Conrad
The pent-up demand prevalent in Canada’s commercial real estate market over the past two years has turned into transaction activity, says the head of Remax Commercial. As a result, diverse investors are driving Canada’s CRE reset, advancing the sector towards stability after years of uncertainty, Damon Conrad told Connect in an interview. “The market has...
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Marcus & Millichap Brokers Sale of Student Housing Property in DC
Marcus & Millichap announced the $3 million sale of 3305 7th St. NE, a student housing property in Washington, D.C. Located next to The Catholic University of America in the Brookland neighborhood, the building is within walking distance of campus, the Brookland-CUA Metro station and retail and dining. “Working closely with the seller and all...
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Urban Genesis Advancing 360-Unit Austin Mixed-Income Project
Urban Genesis is in charge of building 360 mixed-income apartments in the Southpark Meadows neighborhood of Austin. The Austin Business Journal reports Travis County Facilities Corp. (TCFC) is working with Urban Genesis on the Coop at Southpark Meadows. TCFC is leasing the project’s land to Urban Genesis for development. Once the Coop at Southpark Meadows...
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College Station Slated for Resort-Style Senior Care Center
Blake Management Group will bring a two-story, resort-style senior living community, The Blake, to the Lake View Acres neighborhood in College Station. The $23 million project will be located on Harvey Mitchell Parkway South. The development will include 117 units, which include 73 licensed assisted living units and 44 memory care units. The community will...
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San Jose’s Bank of Italy Building Set for Residential Conversion
Cushman & Wakefield arranged $74.1 million in financing on behalf of the Silicon Valley Initiative Partnership for the conversion of the historic Bank of Italy building at 12 S. 1st St. in downtown San Jose. Deutsche Bank provided the financing. The project will redevelop the 13-story office tower into a mixed-use residential and retail asset. Originally constructed in 1926, the property will be converted...
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Clarion Completes Single-Asset Healthcare Investments Totaling $1B-Plus
Clarion Partners, LLC recently executed on more than a dozen highly curated single-asset healthcare investments totaling over $1 billion. Terms were not disclosed. The transactions expand New York City-based Clarion’s national healthcare footprint and deepen its relationships with established operators in key growth markets, along with underscoring its continued conviction in the healthcare real estate...
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Terra Buys Out Condo Development, to Build New Biscayne Bay Venture
A Miami planning agency greenlit Terra’s plan to build a 28-story tower in Miami Beach overlooking Biscayne Bay. The Miami Business Journal reports that the 238-unit condo development will take up the 1.9-acre parcel where much of the 106-unit project will go up. The Bay Garden Manor Condominium will be demolished to make way for...
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Hollywood Multifamily Sale Reaches Three-Year High in Pricing
Colliers arranged the sale of Sophia Hollywood, a Class A, 28‑unit, 40,332‑square‑foot multifamily apartment community located at 1759 N. Gower St. Vice chair Kitty Wallace of Colliers marketed and brokered the deal on behalf of the private seller, who sold the asset for approximately $16 million, reportedly the highest price per unit in Hollywood in...
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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