News
S3 Provides Construction Loan for Crown Heights Multifamily
Arrow Real Estate Advisors arranged an $8,800,000 construction loan from S3 for the development of a new multifamily property located at 1532 Bergen St. in Crown Heights, Brooklyn. The transaction was led by Arrow Real Estate Advisors founder and managing partner Morris Betesh, senior director Israel Mermelstein and associate Louis Halperin. “It was a privilege...
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Carney Launches $51B Build Communities Strong Infra Fund
Prime Minister Mark Carney has officially launched the $51-billion Build Communities Strong Fund aimed at accelerating infrastructure development and housing-enabling projects across Canada. The fund is part of the 2025-2026 federal budget, set to roll out investments over the next decade and designed to provide a major response to growing pressures on housing supply and...
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Starlight Optimistic About Vancouver Island’s Multi-Family Prospects
Starlight Investments is looking to develop more multi-family rental housing on Vancouver Island after achieving a significant milestone with The District project in Langford, B.C. “We are at a time where national housing starts are under pressure,” said David Woo, Starlight’s vice-president of development for Western Canada, in an interview with Connect. “Bringing these projects...
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CBRE Facilitates $59M Sale of Mid-Rise Seattle Multifamily
CBRE has arranged the $59.25 million sale of Corner 63 Apartments, a 139-unit multifamily community in Seattle’s Roosevelt neighborhood. Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE’s Multifamily team in the Pacific Northwest represented the seller, High Street Residential, the residential subsidiary of Trammell Crow Company, in the transaction. “This transaction underscores the strong...
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Berkadia Arranges Sale of Affordable Housing Property in Virginia
Berkadia has arranged the sale of Rio Hill Apartments, a 139-unit multifamily community located in Charlottesville, Virginia. Senior Managing Director Drew White, Managing Director Carter Wood, Senior Director Matt Straughan and Director Cole Carns of Berkadia Richmond, along with Senior Managing Director Brandon Grisham and Senior Director Jordan Skyles of Berkadia Affordable Housing, arranged the sale on behalf of the seller, Amurcon Realty Company. Palatine Capital Partners of Miami, Florida, acquired the property. “Rio Hill Apartments presented...
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Las Vegas Apartment Investor Launches “Path to Homeownership” Program
Cherry Development is launching a Path to Homeownership Program to help its Las Vegas apartment residents transition from renting to owning a home. Cherry owns the shareDowntown apartment communities. Under the Path to Homeownership program, qualified shareDOWNTOWN residents can receive monthly contributions of $200 from Cherry Development that are deposited into a dedicated account for...
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McDowell Snags Financing for Pensacola Mixed-Income Rental Community
McDowell Housing Partners (MHP) closed on financing to build Ekos at Warrington, its first affordable housing community in Pensacola, FL. It’s McDowell Housing Partners’ 17th project to start construction in the state of Florida. The 120-unit project’s estimated costs are $41.9 million. The community will serve a mix of income levels. The development will provide community services in...
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Related Ross Inks $157M Construction Loan for West Palm Beach Condos
Related Ross started work on Shorecrest, a condominium development in West Palm Beach. Rising 28 stories along Flagler Drive, completion anticipated in 2027. On the heels of securing $157 million in financing from GoldenTree Asset Management, construction is commencing on the 98 residences located at 1865 North Flagler Drive. The architect is Roger Ferris +...
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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