News
Trammell Crow, Daiwa Close on 309-Unit Houston Apartment Deal
Trammell Crow (TCC) offloaded its interest in the 309-unit Parkside Residences in Houston. Daiwa House Group was the buyer. Multi-Housing News reports that the buyer self-funded the purchase with an $85.2 million loan. TCC and Daiwa teamed up in 2019 to develop the project. Construction kicked off in 2020, backed by an $86.5 million note...
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Thompson Thrift Sells Peoria BTR Community for $45.8M
Met Life acquired a 140-unit build-to-rent community in Peoria for $45.8 million. Thompson Thrift was the seller of the Grandstone at Sunrise, which sold for $327,500 per unit. IPA’s Steve Gebing and Cliff David brokered the deal. Completed in 2021, Grandstone at Sunrise has 70 residential buildings, one amenity building, and a swimming pool and...
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Continuum Secures $350M Construction Loan for Biscayne Bay Venture
Continuum Company, and joint venture partner Aksoy Holdings, secured $350 million to advance Continuum Waterfront District, a 4-acre, master-planned development along Biscayne Bay in North Bay Village. Provided by S3 Capital, the loan includes $261 million in construction financing for Phase One, the western portion of the site, along with an additional $83 million in...
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Nashville Approves “Significant” Urban Development Project
A former Nashville railyard is slated to become one of the largest urban mixed-use redevelopment project in the United States. Spanning over 47 acres of recently entitled mixed-use capacity, including infrastructure and public improvements, Nashville leaders believe The East Bend has the potential to become one of the most significant urban mixed-use redevelopment projects in...
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Alliance REIT Launches Toronto Multi-Family Acquisitions Effort
Alliance REIT has launched a targeted acquisition initiative to expand its portfolio of missing-middle housing across Toronto. The Toronto-based REIT said the effort will focus on acquiring underutilized properties—such as century-old single-family or mixed-use buildings—and converting them into boutique multi-unit rental housing in high-demand neighbourhoods. The initiative builds on more than a decade of activity...
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JLL Lines Up $144M Construction Loan for Santa Ana Multifamily
JLL Capital Markets recently arranged a $144-million construction loan for The Carina, a 408-unit multifamily development project in Santa Ana. Senior director Jamie Kline, director Charlie Vorsheck, senior analyst Nick Englhard and analyst Charlie Paul, Affinius Capital, in securing the three-year, floating-rate loan through QuadReal. The Carina, located at 2828 N. Main St. in Santa Ana, is positioned...
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YS Developers Acquires Clinton Hill Development Site for $121M
JLL Capital Markets arranged the $121.4-million sale of 47 Hall St., a full-block, 2.6-acre mixed-use development site in Clinton Hill, Brooklyn. Ethan Stanton, Michael Mazzara and Brendan Maddigan completed the sale to locally based YS Developers. The seller was not disclosed. The site has secured key land use approvals to facilitate a large-scale mixed-use redevelopment....
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Zenterra Breaks Ground on New Condo Project in Surrey
Zenterra Developments has broken ground on its Clayton Crest condominium project in Surrey, B.C., after reaching key presale thresholds for its first two buildings. The Surrey-based developer said construction is now underway at the master-planned community in the city’s West Clayton neighbourhood, following a successful sales launch for the Atlin and Bute buildings, which together...
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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