News
Integrated Building 250-Unit Plano Assisted Living Center
Integrated Real Estate Group is turning what was once the Plano Athletic Club at 4600 W. Park Blvd. into an independent living center. The site will become a five-story, 250-unit Watermere active adult facility. Community Impact reports nearby locations are in Frisco and McKinney. A similar project in Roanoke cost $81 million. The facility will feature...
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Austin Apartment Investor Snags $47M Refi
United Properties has secured a $47 million refinancing loan for a recently completed 274-unit multifamily community in Austin, Texas. Mesa West Capital provided the funding. Multihousing News reports the note replaces a four-year, $56 million construction loan originated in April 2022 by Old National Bank. Located on 2.37 acres at 4341 S. Congress Ave., Bishop Momo...
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Blackstone Affiliate Offloads Atlanta-Area Apartments
American Landmark Apartments acquired two apartment communities totaling 600 units across Georgia and Florida. Commercial Search reports Blackstone’s LivCor previously owned the properties in partnership with Cortland. The acquisitions include Tramore Village, a 324-unit community in Austell, Georgia, within the Atlanta MSA. Situated at 2222 East West Connector, Tramore Village is a 324-unit community located...
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CONNOLLY Delivers $70M Brookhaven Rental, Retail Project
CONNOLLY delivered Parkside on Dresden, a $70 million mixed-use community in Brookhaven’s Dresden Drive Corridor. CONNOLLY broke ground in 2022. Located on a four-acre site Parkside on Dresden includes Solis Dresden Village, a 176-unit luxury residential community including seven townhomes developed by Terwilliger Pappas. A six-level parking deck serves residents, visitors and retail customers. All 28,000...
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City of Surrey, TransLink Partner on Newton 2.2M-SF Master Development Plan
The City of Surrey and TransLink have unveiled a 2.2-million-square-foot master development plan for Newton Town Centre that will guide transit-oriented growth on public lands over the next 30 years. The plan involves the redevelopment of Newton Town Centre mall and covers approximately 40 acres—35 owned by the city and five owned by TransLink—along King...
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Most of Calgary’s Retail Vacancy Is in CBD
Most of Calgary’s retail vacancy is concentrated in the central business district (CBD) although the amount of empty space in the area has declined lately, says a new report from Barclay Street Real Estate. CBD vacancy stood at 7.5% at the end of the first quarter, despite a modest 0.4% decline since year-end. Calgary’s retail...
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Rosehaven Launches 48-Month Installment Program for Condo Presale Deposits
Rosehaven Homes has introduced a 48-month extended presale-deposit program for buyers at its upcoming downtown Hamilton condo project. Rosehaven said the initiative allows Rebecca Residences unit purchasers to pay a weekly deposit starting at $250, with the amount scaled based on unit size, rather than making large upfront lump-sum payments prior to construction. Deposits are...
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PEF Advisors Acquires Hadley Affordable Geared to Seniors, Families
Preservation Equity Fund Advisors, LLC (PEF Advisors), a California-based real estate private equity group focused on preserving existing affordable housing in high-cost markets, has acquired University Crossing and Woodland Crossing Apartments, a 160-unit affordable community located in Hadley, MA. Terms were not disclosed. The acquisition represents PEF Advisors’ fifth acquisition in its third affordable housing fund...
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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