News
Dwight Capital Closes $130M HUD Refi on N. Miami Apartments
Dwight Capital has closed a $130 million cash-out HUD 223(f) refinance for The Gardens Residences, a 358-unit luxury high-rise apartment building in the heart of Downtown North Miami, Florida. The loan proceeds will be used to retire an existing Dwight Mortgage Trust bridge loan, return equity to the borrower and provide a 35-year, fully amortizing, fixed-rate loan....
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Gilbane, WKU Teaming Up on $350M Student Housing Venture
Gilbane Development and Western Kentucky University are collaborating on “Elevate WKU,” its public-private partnership (P3) to reimagine its residential portfolio. On Monday, April 27, the Kentucky Capital Projects and Bond Oversight Committee also approved the partnership. The $350 million initiative — the largest residential investment in WKU’s history — will replace aging campus housing. The...
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Hazelview, Presima Join Forces to Scale Up REIT Investment Management Services
Hazelview Investments and Presima have combined their global REIT teams, the companies announced Monday. Under what the partners described as a strategic transaction, Hazelview will assume Presima’s investment-management contracts, while Presima professionals join Hazelview’s global REIT platform and continue leading their existing strategies, ensuring continuity for clients. Corrado Russo, Hazelview’s chief investment officer for public...
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Dwight Capital Arranges HUD 223(f) Loan for Harlem Luxury High-Rise
Dwight Capital has closed a $114-million HUD 223(f) refinance for 224 W 124th St., a 168-unit luxury high-rise residential building in Harlem. Dwight managing director Adam Offman originated the transaction on behalf of the borrower, Rester Management. Loan proceeds will be used to retire existing debt, including a $105-million bridge loan provided by Dwight Mortgage Trust, cover closing costs and establish a replacement reserve. “Over...
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Vineyard Park Senior Living Acquires Property in Seattle’s First Hill Neighborhood
Vineyard Park Senior Living has acquired a First Hill senior housing community currently operating as Truewood First Hill. The property will be reintroduced as Union Grand, a Vineyard Park community marking the company’s latest expansion in the Puget Sound region. “With Union Grand, we’re bringing Vineyard Park Senior Living’s model of personalized care and community-focused...
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Skylight, PCCP Refi Hudson Riverfront Apartments for $110M
JLL Capital Markets facilitated a $109.5-million refinancing for Riello Edgewater, a 272,191-square-foot, Class A high-rise multifamily community located on the Hudson River waterfront in Edgewater, NJ. The team represented the sponsors, Skylight Real Estate Partners and PCCP, in arranging the three-year, floating-rate loan through MF1. Located at 99 Gorge Rd., Riello Edgewater serves the growing demographic of renters seeking larger and higher quality...
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Maurice Plans to Build 3,000 Accommodations for Seniors
Prominent Quebec developer developer Luc Maurice is aiming to create 3,000 new accommodation spaces for seniors at roughly half the cost of traditional long-term care units. The plan centres on a new housing model aimed at seniors with declining autonomy, a group that currently faces long wait times for appropriate care, with about 8,000 people...
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Altree to Develop Twin 43-Storey Multi-Res Towers in Toronto
Altree Developments has submitted a revised proposal to the City of Toronto to redevelop 1705 Weston Road with two 43-storey residential towers, Urban Toronto reported. The updated plan expands on a previously approved 2025 application that featured a single 43-storey building, adding a second tower of equal height. The project, designed by Graziani + Corazza...
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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