News
Colliers Finalizes Apartment Sale in Supply-Constrained 605 Corridor
Colliers closed the sale of Parc @ 5, a 104-unit garden-style apartment community located in the gateway city of North Downey. The buyer, B.A.G. Investments, Inc., acquired the asset from Parc @ 5 Downey, LLC for an undisclosed figure. Colliers EVP Shane Shafer represented the seller in the transaction, reportedly among the most notable multifamily...
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Barings Provides $58M to Refinance Newly Built Bushwick Apartments
JLL Capital Markets arranged a $58-million refinancing for 1333 Broadway, a newly constructed mixed-use multifamily property in Brooklyn’s Bushwick neighborhood. Senior managing directors Peter Rotchford and Rob Hinckley and senior director Robert Tonnessen represented a joint venture between Ekstein Development Group and Standard Real Estate Investments in securing the loan from Barings. “Lenders continue to...
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Daytona Beach Student Housing Investors Ink $53.7M Refi
L3 Campus and Aureon Partners have obtained a $53.7 million refinancing for the OnShore apartments, a 210-unit/636-bed student housing project near the campus of Embry-Riddle Aeronautical University in Daytona Beach. A Walker & Dunlop Capital Markets Real Estate Finance led by Will Baker, Mike Shropshire, William Shell, and Doug McDaniel coordinated the 7-year, floating-rate loan with a four-year interest-only period provided...
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MMCC Secures Financing for El Cajon Multifamily
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $3,960,000 in financing for Penny Lane apartments, a 14-unit multifamily property located at 1170 Sumner Ave. in El Cajon. Kevin Elliott, senior director in MMCC’s Orange County office, secured a 30-year, fully amortized loan at 65% loan-to-value with a national...
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JLL Finalizes Sale of New Haven Apartment Portfolio
JLL Capital Markets has secured the $20.6-million sale of Campus View & Traymore Apartments, a historic 126-unit portfolio in New Haven, CT. Senior managing director Steve Simonelli, managing directors Henry Schaffer, Jon Bryant and John Flaherty and analyst Anthony Nakhle worked on behalf of the seller, C.A. White. The buyer was CSRE Group. “JLL ran a competitive process...
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Goodman to Market Centra Multi-Family Development Site in Court Sale
A 1.18-acre multi-family development site in Surrey City Centre, including a partially constructed 167-unit residential project known as Centra, has been listed for sale through a court-ordered process. Goodman Commercial is marketing the property at 13862 101 Avenue in Surrey on behalf of court-appointed receiver Alvarez & Marsal. The approved project includes a 24-storey concrete...
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Villa Park Multifamily Building Changes Hands
Chicago-based multifamily brokerage firm Essex Realty Group, LLC, announced the sale of 315-319 North Princeton Avenue, a 20-unit multifamily portfolio located in Villa Park. Essex Director Jimmy Donahue negotiated the transaction on behalf of the parties involved. “This deal checks every box for a value-add investor – a stable income stream, significant rent upside, and...
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The Missner Group, Base 3 Development Secure Financing, Begin Construction on West Loop MF Project
The Missner Group, in conjunction with financing and redevelopment partner Base 3, will start construction on Oxxford Lofts, a historic redevelopment project in Chicago’s West Loop that will transform a former industrial building into a 112-unit multifamily community. The building is named for its previous owner, the Chicago clothing company Oxxford Clothes. The approximately $42...
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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