News
Alta Canada Acquires Air Transat Tower in Montreal for $48M
Alta Canada has acquired the Air Transat Tower office and retail complex in downtown Montreal for $48 million, according to a published report. The Montreal-based real estate owner and developer purchased the 26-storey property, located at 300 Léo-Pariseau in the Place du Parc complex, along with its retail component and a large underground parking facility....
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Empire Advancing Plans for State’s Tallest Tower
Empire Group of Companies, through its luxury urban infill division Aspirant Development, rebranded its Downtown Phoenix high-rise project from its working name, Astra, to Arro – a mixed-use development poised to become the tallest building in Arizona upon completion. Spanning approximately 1.8 million square feet, Arro will be anchored by a 541-foot tall north tower...
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Bader, Cortland Agree to Terms on Austin Apartment Deal
Cortland sold a 276-unit apartment complex in Austin to Minnesota-based Bader. Mesa West Capital funded the deal on behalf of Bader. Commercial Search reports that Cortland acquired the asset, Adair Onion Creek, in 2019, following its acquisition of Pure Multi-Family REIT. The community comprises 10 three-story buildings encompassing one- to three-bedroom floorplans that average 828...
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Van Nuys Apartment Sale is Neighborhood’s Largest by Unit Count Since 2015
Nuveen Real Estate has sold San Regis, a 390-unit multifamily property in the Van Nuys neighborhood of Los Angeles, for an undisclosed sum. The sale represents the largest multifamily transaction by unit count in Van Nuys since 2015, according to Institutional Property Advisors (IPA), a division of Marcus & Millichap, which arranged the deal. “As the boundaries and strong...
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Moinian Launches Residential Conversion in Lower Manhattan
The Moinian Group has launched an adaptive reuse project at 17 Battery Place in Lower Manhattan. The project will convert approximately 150,000 square feet across five floors of the historic office property into a modern residential building featuring 220 residential units. Construction is underway, with completion anticipated in the first quarter of 2027. “The transformation of 17...
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Douglasville Rental Asset Trades for $73.25M
Resia offloaded a 433-unit multifamily community in Douglasville. Elmington Residential paid $73.25 million for the property. Douglasville is a town of 35,000, 20 miles west of Atlanta. Resia Tributary, located at 1851 Market St., was completed in 2023 and offers 314,065 square feet of residential space across seven buildings. The property features a mix of...
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Fort Lauderdale Apartment Developer Closes on $68.5M Construction Loan
CEDARst Companies obtained a $68.5 million construction loan for the development of Flats Flagler Gateway, a 215-unit Class A multifamily project located at 745 N Andrews Ave. in Fort Lauderdale, Fla. The financing supports the ground-up development of a 12-story, approximately 350,000-square-foot residential building situated on a 1.46-acre site in the city’s rapidly evolving Flagler Village neighborhood. Construction...
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People and Companies News for Week Ending April 24
Heidi O’Neill has been named the next CEO of Lululemon, bringing more than three decades of experience in global apparel, footwear and brand strategy. Based in Vancouver, she will take on the role September 8, 2026, following a long career at Nike where she helped scale the business through product innovation, digital transformation and global market expansion....
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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