News
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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BoC Holds Key Rate Again, Watches for Potential Hike
The Bank of Canada left its key overnight lending rate unchanged at 2.25% on Wednesday, while warning that rising oil prices and new trade restrictions could still force future rate increases. It marked the fourth straight rate hold, with the overnight rate remaining at 2.25% since October 29 after four cuts in 2025 aimed at...
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Marcus & Millichap Arranges Sale, Financing of 37-Unit DC Apartment Building
Marcus & Millichap brokered the sale of 4107 Connecticut Ave NW, a 37-unit apartment building in the Van Ness neighborhood of Washington, D.C. The asset sold for $4.675 million. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $3.5 million in financing. “Buyer demand remained strong given the property’s prime location,...
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Blackstone Takes Hit on Glendale Apartment Sale
Blackstone offloaded the 412-unit Arrowhead Summit apartment community in Glendale for $101.35 million. The Phoenix Business Journal reports that Blackstone sold the property for considerably less than it paid. The company paid $123.6 million for the rental property in 2021. Built in 1999 by Fairfield Residential, Blackstone bought the property from Cortland Partners, which paid $60.55...
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Rosewood Debuts 338-Unit Plano Multifamily Property
Rosewood Property Company and partner MetLife Investment Management is now leasing The Buckley, the second multifamily property in Plano’s Heritage Creekside development. Located at 600 Kissimmee Dr, The Buckley offers 338 apartment homes in a four-story midrise. Apartment homes range from studios (averaging 612 square feet) to three bedrooms (averaging 1,562 square feet) with rents starting...
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Fallon Inks Construction Loan for 329-Unit Charlotte-Area Apartments
The Fallon Co. secured a construction loan and equity for Twelve03, a 329-unit multifamily community at 1203 S. Caldwell St. in Dilworth. The Charlotte Business Journal reports the cost of the project could reach $100 milion. Site work has begun. The multifamily community will deliver in the first quarter of 2029. The apartments will be part of...
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Developer Team Looking to Convert Norcross Offices to Apartments, Retail
Coterie Properties is leading a team aiming to transform The Station and Jefferson Plaza office properties along Holcomb Bridge Road in Norcross into a mixed-use development. The Atlanta Business Chronicle reports plans include 320 wrap-style apartments, 30 townhomes and 16,100 square feet of restaurant and retail space. The first phase of the redevelopment would focus...
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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