News
LIC Parcel Trades to Developer at Full Price
Marcus & Millichap has closed the sale of 28-04 41st Ave., a development site in Long Island City, for $9,375,000. Sean Fopeano, Shaun Riney, Joe Koicim and David Cornejo of Marcus & Millichap’s NYM Group represented the seller, a private family, and procured the buyer, Jade Century Properties. “Through a highly competitive marketing process, we...
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Western Alliance Provides $78M Financing for Low-Income Housing in Mission District
Western Alliance Bank is providing $77.9 million in construction financing and Low-Income Housing Tax Credit equity for The Marvel in the Mission, the largest affordable housing development in San Francisco’s Mission District. At full buildout, the project will provide 400 units of permanent supportive housing at the intersection of 16th and Mission streets. The lender...
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Canadian Office, Industrial Vacancies Decline Together for First Time in 26 Years
Canada’s office and industrial vacancy rates both declined in early 2026, marking the first simultaneous drop in more than two decades, says a new report from Colliers. The Q1 2026 National Market Snapshot shows that the country’s commercial real estate sector entering a phase of recalibration and growth, said the commercial real estate advisory firm....
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Associated Bank Finalizes $33M Loan for Wisconsin Multifamily Project
Associated Bank recently completed a $32.75 million loan to Toonen, Inc. for the construction of a multi-family apartment complex at 2101-2431 McCarthy Road in Grand Chute, Wisconsin. The Strata Apartments will consist of 25 buildings with a total of 236 units, including 18, ten-unit buildings with attached garages and seven eight-unit buildings with detached garages....
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Gibraltar Tower in Seattle Trades for Conversion to Lofts
Lee & Associates brokered the disposition of Gibraltar Tower, 1518 Third Avenue, on behalf of their client HCP Properties, Inc. The property was sold to Parnassus LLC. Gibraltar Tower was built in 1910 and is in the Pike-Pine Corridor. Situated directly across from Westlake Station and Park, the property offers unparalleled access to transit and...
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NRP Group, MHCDO Break Ground on 109-Unit MF Project DC
The NRP Group in partnership with Marshall Heights Community Development Organization (MHCDO) Inc., announced the financial closing and groundbreaking of The Waymark, a 109-unit, mixed-income community in Washington, D.C.’s Ward 7. Located at 4435 Benning Road NE, the transit-oriented community is just one block from the Benning Road Metro Station and multiple bus lines. The...
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Federated Hermes Completes Acquisition of Multifamily Specialist FCP
Federated Hermes, Inc. has completed its $331-million acquisition of an 80% majority interestin FCP Fund Manager, L.P., a privately held US real estate investment manager based in ChevyChase, MD. In connection with the closing, FCP Fund Manager, L.P. converted to a Delawarelimited liability company named Federated Hermes FCP Manager, LLC. Founded as a specialist in...
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Revere Rescues $65M Los Alamos Rental Project
Revere Capital completed The Hill, a $65 million, 149-unit Class A multifamily community in Los Alamos, New Mexico. The project reached completion after Revere assumed control during construction in 2025 and worked directly with Los Alamos County and the project’s general contractor to drive the development to a stabilized outcome. “The Hill reflects what we...
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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