News
Fengate Launches New Multi-Family Brand
Fengate Asset Management has launched Fengate Communities, a new residential brand aimed at scaling its multi-family platform and enhancing the living experience for residents. The Toronto-based firm said the brand unifies its growing portfolio under a single identity focused on community-building and “empowering prosperity for everyday Canadians.” The launch comes as Fengate advances one of...
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Art-Infused Apartment Community Opens Doors
RAY and VELA Development Partners have delivered Ray Phoenix, a 26-story apartment development at 777 N. Central Ave. in Phoenix. The 401 units include furnished and unfurnished studios, 1-bedroom, 2-bedroom, multi-level floor plans, and Penthouse apartments. Rents range from $1,470 and $7,219. The Phoenix Business Journal reports the project is expected to cost $180 million. Financing...
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Concord Wilshire Secures Land for Palm Beach Development
Concord Wilshire Capital acquired a 43-acre development site located at the intersection of SR-7 and Southern Boulevard in Royal Palm Beach, Palm Beach County, Florida (photo), formerly known as Tuttle Royale. The site was considered a distressed asset due to the previous owner’s inability to stay up on loan payments. With the acquisition now complete,...
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Canada Needs to Boost Small-Home Supply to Meet Downsizing Demand: REMAX
A shortage of suitable small homes is limiting downsizing among older Canadians, delaying a potential wave of housing turnover that could benefit younger buyers, according to REMAX Canada. New research from the company suggests that Canada’s aging population is poised to reshape the housing market over time, with nearly one in five Canadians already over...
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Ontario’s HST Freeze Sparks Surge in New-Build Homes Sales
New-build home sales in Ontario have surged following the launch of a 13% HST freeze. The Ontario government’s move has triggered a sharp uptick in buyer activity across the province, according to The Globe and Mail. In the first week after the rebate took effect on April 1, developers reported a significant increase in inquiries...
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IPA Closes Sale of Student Housing Adjacent to UCLA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, CLOSED the sale of Axiom Westwood, a four-building, 153-unit student housing portfolio adjacent to the University of California, Los Angeles (UCLA) in the city’s Westwood neighborhood. The transaction is the largest property by unit count to sell in Westwood since 2020, according to IPA. The sale...
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Abacus Capital Scores $111M Refi on Danbury Apartments
Newmark arranged a $111.41-million loan on behalf of Abacus Capital Group to refinance Abbey Lane Apartments, a 470-unit Class A multifamily property located in Danbury, CT. Multifamily Debt & Structured Finance vice Chairman Rob Cantizano, managing director Greg Primiano and VP Deric Obeldobel arranged the financing, which was provided by Fannie Mae. “Abbey Lane’s quality, location and amenity profile positioned the...
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Interra Realty Brokers Sale of Bucktown Mixed-Use Building
Interra Realty brokered the $7.34 million sale of 1755 N. Damen Ave., a 13-unit mixed-use building adjacent to The 606 trail in Chicago’s Bucktown neighborhood. Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, Stocking Urban, LLC, led by Nicholas Stocking. Smazal and Dykstra also represented the confidential seller in the...
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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