News
Dermot Secures $355M Refinancing on Upper West Side Apartments
The Dermot Company, a vertically integrated multifamily investment manager, owner and operator, has secured a new 10-year, $355 million loan to refinance 21 West End Ave., a 48-story, 616-unit apartment community on Manhattan’s Upper West Side. The refinancing was executed with Mizuho Americas through New York State Homes and Community Renewal, according to Drew Spitler, partner...
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586-Unit Apartment Portfolio Trades in Dallas Suburb
Exponential Property Group offloaded two Haltom City apartment complexes. Mox Living was the buyer. The 586-unit value-add multifamily portfolio comprises Hidden Lakes and The Ranch at Fossil Creek. Newmark Multifamily Capital Markets, Richard Furr, Brian O’Boyle, Jr. and Brian Murphy represented the seller. Braden Harmon, Hank Glasgow and Jeff Fein of Newmark’s Debt & Structured...
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JV Making Progress on Schlumberger Office Redevelopment Plan
Market Square Cos. and Tenon Property Co. are turning the former Houston Schlumberger office campus at 1325 S. Dairy Ashford into a mixed-use project. The developer duo will spend $40 million on the project that will be branded Ashford Yard. They demolished the sprawling 155,000-square-foot site last year and are ready to proceed with their...
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Navy, City of Concord Agree on Transfer of Former Naval Weapons Station
The City of Concord Local Reuse Authority (LRA) has reached a financial agreement with the U.S. Navy over the price and terms of payment for the approximately 2,422 acres of property at the former Concord Naval Weapons Station. The long-planned redevelopment of the site, with a final cost estimated at $6 billion, will be led...
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HSR, MetLife Plan Eight-Story MF Development in Bellevue
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has executed a cost-share agreement with MetLife Investment Management to advance the design of a new multifamily community located at 1200 116th Ave. NE in Bellevue, Washington. The planned eight-story development will deliver 214 residential units in a transit-oriented neighborhood near the Wilburton Light...
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NRP Heading Up 348-Unit Austin Affordable Housing
The NRP Group, alongside the Housing Authority of Travis County, broke ground on a new 348-unit affordable housing community in Southeast Austin. Called Sanara, all units are reserved for households earning up to 60 percent of the Area Median Income (AMI). The development is supported by tax credit equity from MetLife Investment Management, with the...
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Milburn & Company Acquires 339-Unit Mesa Rental Community
D.R. Horton offloaded Ascend at Longbow Highpoint, a 339-unit multifamily community in Mesa, Arizona. Millburn & Company acquired the community. CBRE’s Matt Pesch, Asher Gunter and Austin Groen represented D.R. Horton in the transaction. CBRE’s Debt & Structured Finance practice also arranged financing for the buyer. Completed in 2025, the community is located along the Longbow Golf Club in Mesa....
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Charlotte University Converting Hotel to Student Housing
Johnson & Wales University plans to fully renovate a major residence hall on its Charlotte, N.C. campus to accommodate a mixed-use of housing and student services. The 97,000 square-foot building, currently called “The Maple” and previously managed as the Doubletree by Hilton Hotel, will be completely overhauled with new mechanical and building systems and infrastructure,...
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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