News
AI’s Dark Side: Flagging Legitimate Multifamily Renter Applicants
Artificial intelligence has been hailed as a tool to spot fake applications, incorrect financials and made-up resumes, assisting multifamily owner-operators with their tenant selections. However, these systems can also flag legitimate tenants as undesirable. Findigs’ Co-Founder and CEO, Steve Carroll, recently shared insights with Connect CRE about AI biases, incorrect responses and how owner-operators can work around...
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Global Holdings, MAG Partners Launch Hudson Square Residential
Global Holdings and MAG Partners announced a joint venture Thursday to develop a ground-up project in Manhattan’s Hudson Square neighborhood. Located at 122 Varick St., the 149-unit residential tower is being developed under a long-term ground lease with Trinity Church. “Trinity Church has been an exceptional partner, and we are deeply appreciative of the trust they have...
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Class B Office Turned Class A Multifamily Scores $46M Refi
JLL Capital Markets closed a $46.25-million refinancing for 200 W Ocean, a 106-unit luxury multifamily asset in Downtown Long Beach. Senior managing director Jeff Sause, associate Jacob Michael and analyst Thomas Gonzalez represented the borrower in securing the three-year, floating-rate loan. “The successful refinancing of 200 W Ocean demonstrates the continued strength and investor confidence in...
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People and Companies News for Week Ending May 1, 2026
Concert Properties has appointed Catherine Roome as president and CEO, effective May 26. She succeeds the late Christine Bergeron, who died in February after a hard-fought battle with cancer. Roome brings more than three decades of leadership experience spanning infrastructure, regulation and public-interest organizations. Read Connect’s expanded story on Roome’s appointment. B+H Architects has hired Janine Grossmann as its new senior director of business...
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Mill Creek Breaks Ground on Apartments at Westfield Garden State Plaza
(Updated with additional information) The mixed-use redevelopment of the 2.1-million-square-foot Westfield Garden State Plaza in Paramus, NJ advanced with Mill Creek Residential’s groundbreaking on Modera Garden State Plaza, a contemporary mixed-use community that will feature 575 units in two separately branded buildings. First move-ins are scheduled for mid-2028.. “We are excited to serve as a co-developer of the...
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Berkadia Secures $115M in Financing for Virginia Multifamily Properties
Senior Director Amy Gay of Berkadia’s FHA/HUD recently closed more than $115 million in HUD 221(d)(4) and HUD 223(f) loans. The five transactions—three refinances and two construction-perm financings—are located in Virginia and include three different sponsors. Gay secured $39.25 million in construction-permanent financing for The Village at Bon Air, located at 9746 Midlothian Turnpike in Richmond, Virginia. The...
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Gilbane Development Secures $350M to Upgrade Student Housing at Western Kentucky University
Gilbane Development announced that Western Kentucky University (WKU) has approved a partnership to revamp the school’s student housing portfolio. The $350 million initiative, the largest investment in WKU’s history, will replace aging campus housing with modern, student-centered living-learning environments. The approvals clear the way for financial close, anticipated in May 2026, for a comprehensive revitalization...
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Rise48 Adds to Phoenix Apartment Portfolio
Rise48 Equity has picked up Avenue 8, a 194-unit garden-style apartment community located at 1050 West 8th Avenue in Mesa. Stoneweg was the seller. Stoneweg and Varia paid $21 million for the project in 2017. Newmark’s Brett Polachek, Chris Canter and Brad Goff represented the seller Rise48 says it is ready to begin an immediate...
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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