News
Align-Albertsons Partnership Proposes Seniors Housing on Oakland Retail Site
San Francisco-based developer Align Real Estate is proposing 415 units of senior housing on land owned by Safeway parent Albertsons in Oakland’s Rockridge neighborhood, a project that would replace an existing retail complex anchored by a Trader Joe’s, reported the San Francisco Business Times. The proposal is the latest in a partnership between the grocer and Align, which so...
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Bonaventure Pays $40M for Virginia Beach Multifamily Property
Bonaventure announced the closing of Royal Pointe Apartments, a 208-unit multifamily community in Virginia Beach, Virginia. The $39.5 million acquisition was completed through Bonaventure Multifamily Income Trust (BMIT) and demonstrates the company’s continued focus on value-add multifamily investments across the Mid-Atlantic and Southeast regions. The transaction incorporated a combination of tax-efficient structures, including a partial...
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Developer Working on 14th Waller Commercial, Residential Project
Finishes Solutions started work on Gracious Gardens, a 28-acre mixed-use development with apartments, high-density single-family homes, and retail, just south of Waller High School. The Houston Business Journal reports the first phase is designed to include 220 one-to-three-bedroom apartments across 10 three-story buildings, followed by 300 single-family homes averaging 1,100 square feet each, and two...
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Jax Apartment Investor Inks $50.5M Refi
Beachwold Residential inked a $50.5 million first mortgage loan to refinance a 308-unit garden-style apartment community in Jacksonville, FL. The financing was led by Mesa West Capital’s Russell Frahm and Brad McCarthy. The loan was arranged by Taylor Williams of Walker and Dunlop. The five-year, non-recourse loan is secured by Gran Bay Apartments, a 308-unit, 2015-vintage...
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ACRE Scores $123.8M Construction Loan for Miami Rental Community
ACRE landed a $123.8 million loan, allowing it to start work on a Miami residential community. Canyon Partners Real Estate provided the financing. Adela on the Park will comprise 337 residential units along with 6,000 square feet of ground-floor retail. The property will offer a full amenity package, including a rooftop pool deck, clubroom, co-working...
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Telus Aims to Convert Storage Facility into Two Apartment Towers, Other Uses
Telecom major Telus is seeking to redevelop an aging industrial site in east Vancouver’s Strathcona neighbourhood into a pair of rental-apartment towers with childcare, arts space, and retail uses included. The Vancouver-based company is looking to redevelop the site through its multi-residential real estate arm Telus Living, which focuses on repurposing surplus properties as the...
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Tide Shifting in Canadian Office Real Estate Market: Colliers
Canada’s office vacancy rate is expected to return to pre-pandemic levels by 2029, as improving tenant demand and stronger leasing activity signal a gradual market recovery. In its latest quarterly report on the Canadian office market, Colliers says the tide is shifted on the beleagured sector that has been hit hard by a multitude disruptors...
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CSC Secures $108M for Murray Hill Residential Conversion
CSC Real Estate has secured a $108-million construction loan from SCALE Lending, Slate Property Group’s debt financing arm, to support the residential conversion of 770 Second Ave., a 17-story, 237,000-square-foot property in Manhattan’s Murray Hill neighborhood. The financing was arranged by Arrow Real Estate Advisors’ Morris Betesh, Morris Dabbah and Louis Halperin representing the lender....
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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