Berkadia has arranged the $17.7 million sale of Ivy Gates, a multifamily townhome community located in Petersburg, Virginia, approximately 30 minutes south of Richmond. Senior Managing Director Drew White, Managing Director Carter Wood, Senior Director Matt Straughan and Director Cole Carns of Berkadia Richmond arranged the sale on behalf of the seller, Greencove Group of...
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Walker & Dunlop has arranged a total of $119.7 million in financing for two Washington, D.C. multifamily assets, including the Crest at Skyland Town Center and The Albemarle. The Walker & Dunlop Capital Markets Real Estate Finance team, led by Connor Locke, Brendan Coleman, and Skye Stansbury, arranged the loans with capital from Fannie Mae...
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Cushman & Wakefield has arranged the $53 million refinancing for 110 Roy Street, a brand-new 167-unit multifamily property in Seattle, Washington. Dave Karson, Chris Moyer, Alex Lapidus and Zarif Hasan of Cushman & Wakefield represented the borrower, Low Tide Properties, in securing the five-year financing, provided by Northwestern Mutual. “This refinancing reflects the continued demand...
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The graduate student team from the Chapman University Argyros College of Business & Economics, Alexander E. Hayden School of Real Estate (Chapman) took the win and the Orange Cup at the fifth annual NAIOP SoCal OC Real Estate Challenge. The annual event pits graduate student teams from Chapman and the University of California, Irvine Paul...
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The Ontario Municipal Employees Retirement System plans to add at least $10 billion in new Canadian investments over the next five years, signalling a shift toward more domestic capital deployment. OMERS’ plan has broad implications for Canadian infrastructure investments as the federal government incentivizes them. Blake Hutcheson, the CEO of OMERS, told The Globe and...
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Marquette Companies has acquired Forest Pointe, a 236-unit apartment community in Lake Bluff in Chicago’s North Shore. Marquette Management will serve as the property manager for the complex located at 29533 N. Waukegan Road. “Forest Pointe is an excellent example of the value-add potential that exists in the Chicago suburbs, especially in markets like Lake...
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A bill to bolster high-rise housing development in California’s largest downtown areas has passed the Assembly’s Local Government and Natural Resources committees, according to California YIMBY, the bill’s sponsor. Titled the Downtown Revitalization Act and introduced by Assemblymember Matt Haney, the measure now goes to the Assembly Appropriations Committee. AB 2074 would require California’s seven...
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Clarion Partners and Franklin Templeton acquired an assisted living facility in Centennial, Colorado. They purchased the MorningStar at Holly Park, 6675 S. Holly St. for $88.6 million. The Denver Business Journal reports the seller was Edgemark, who co-developed the facility with MorningStar Senior Living. The 160-unit facility opened in early 2024. It includes 85 suites...
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