News
Seattle-Based Gibraltar Sells First Hill Apartment Building for $25M
A California-based national property manager has purchased an apartment building in Seattle’s First Hill neighborhood for $25 million. The 164,000-square-foot, 10-story building sits on a 0.3-acre lot. The property, known as The Exeter, is located at 720 Seneca St. and is a 120-unit apartment building built in the 1920s as a luxury hotel. The seller,...
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TruAmerica Picks Up 20-Story Buckhead Rental Property
TruAmerica Multifamily acquired The Tower on Piedmont, a 20-story, 155-unit high-rise residential community in Atlanta’s Buckhead area. The Atlanta Business Chronicle reports the tower last changed hands in late 2021, when Lionstone Investments purchased it for $69 million, or nearly $450,000 per unit. Completed in 2009, The Tower on Piedmont offers an extensive amenity suite including a...
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Spectrum Bringing 267 Apartment Units to Trinity Park
The Spectrum Companies began construction on its latest multifamily community, Vara Trinity Park, providing 267 new residential units. The community, located at 1618 North Duke St., will include three four- and five-story buildings offering a mix of one-, two-, and three-bedroom apartment homes. Commercial Search reports amenity spaces are organized around a residential concept, including...
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NHL’s Sens, First Nation Communities to Collaborate on LeBreton Flats Lands Development
The Algonquin Anishinabe Nation and Senators Sports & Entertainment are working toward a long-term economic partnership focused on developing lands at LeBreton Flats. The move is tied to the development of a new arena project for the NHL’s Ottawa Senators. The proposed project include a surround mixed-use development. The parties said discussions to date show...
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Feds Investing $3B-Plus in Atlantic Canada Military Infra, Defence Ventures
The federal government plans to invest more than $3 billion in infrastructure and defence-related projects across Atlantic Canada. The funding, announced in Halifax by Prime Minister Mark Carney, includes major upgrades and new facilities in Nova Scotia and New Brunswick aimed at modernising military capabilities and supporting future naval and air operations. In Nova Scotia,...
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Marcus & Millichap’s Azzi Group Closes Van Nuys Sale
The Azzi Group of Marcus & Millichap has closed the sale of 6121 Woodman Ave., a 45-unit apartment property in Van Nuys. The sale price was $9 million, or $200,000 per unit, at a 5.66% cap rate. Tony Azzi, president and founder, The Azzi Group and Kristen Sullivan, director investments, represented the seller and procured...
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Northgate Closes Bankruptcy Sale at 54% Premium Over Opening Bid
Northgate Real Estate Group closed on a seven-building Brooklyn multifamily portfolio for $18.6 million, a 54% premium over the $12.1-million opening bid. The sale was conducted live and online and approved by the U.S. Bankruptcy Court, Eastern District of New York. Northgate ran a dual-track marketing process, soliciting bids both for individual buildings and for...
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Rental Project Breaks Ground on Long Branch’s Lower Broadway Corridor
Downeaster Development and TANTUM Real Estate broke ground on The Elbie, a rental community at 305 Broadway in Long Branch, NJ. The project is poised to activate a key section of the Lower Broadway Corridor, supporting the city’s ongoing vision for the area while connecting the downtown to the beachfront. “We’re excited to begin construction...
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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