News
Berkadia Advises Aimco on $455M Chicago Multifamily Portfolio Sale
Berkadia announced the sale of a seven-property multifamily portfolio in Chicago, Illinois. Senior Managing Director Pete Evans of the Chicago office and Senior Director Richard Evans of the Milwaukee office advised the seller, Aimco, on the transaction. The portfolio sold for $455 million to California-based LaTerra Capital Management and Respark Residential. 3650 Capital provided approximately...
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Greenlight, Holualoa Ink Refi for 288-Unit Tucson Apartment Community
BWE arranged $28.8 million to refinance Cabana Bridges, a 288-unit garden-style multifamily community built in Tucson, Arizona in 2023. The financing was arranged on behalf of Greenlight Communities and Holualoa Companies. Matt Terpstra and Charlie Williams, both in BWE’s Phoenix office, originated the seven-year Freddie Mac loan, which features a flexible prepayment option and a...
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Texas Continues to Lead Way for Newcomers
California’s loss, is Texas’s gain. According to a recent StorageCafe Analysis, the state remains the top destination for domestic migration, attracting more new residents than any other state. StorageCafe’s analysis of the latest U.S. Census Bureau data shows Texas gained a net +76,000 residents in 2024, despite a broader slowdown that pushed interstate migration to a 10-year...
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Developer Eyeing Pearland for Major Mixed-Use Venture
Planned Community Developers is moving ahead with The Orchard at Lower Kirby, a 122-acre mixed-use development located near the intersection of Beltway 8 and Hwy. 288, in the city of Pearland. The development will feature a hotel and conference center, retail and restaurants, including fine dining, multifamily and high-density single-family residential spaces. Community Impact reports...
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Bell Offloads Plantation Apartments for $70M
Maxx Properties recently paid $70 million for the Bell at Plantation apartments and renamed them the Ellery. A Bell Partners Fund sold the 250 apartments at 6901 W. Sunrise Blvd. CBRE Multifamily Capital provided a $55.1 million mortgage to the buyer. The S. Florida Business Journal reports the property last traded for $67.25 million in...
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BSC Razing Greensboro Parking Structure to Build Apartment Community
Demolition is underway on the Davie Street Parking Deck in downtown Greensboro (shown). The Triad Business Journal reports the move will make way for a new luxury apartment community with restaurant and retail space. The city of Greensboro approved an agreement in June to transfer the site to BSC Holdings for the cost of demolition of...
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New 199-Unit Social Housing Project Opens in Gatineau
A new 199-unit social and affordable-housing development has officially opened in Gatineau, Que., backed by more than $82 million in government funding. The project, known as Le Champlain, was delivered through a partnership involving the federal and Quebec governments, the City of Gatineau and Logir Outaouais, the real estate arm of the Office d’habitation de...
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Feds, Ontario, City Investing $3B in Toronto’s Waterfront East Transit Line
The federal and Ontario governments, along with the city, have reached a cost-sharing agreement to advance the Waterfront East Transit project, a major infrastructure initiative along Toronto’s eastern waterfront. The three governments committed Monday to invest $1 billion apiece in the project. Waterfront East Transit is expected to support the development of about 75,000 homes,...
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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