News
LA Angels Owner Buys Luxury Phoenix Rental Community
Los Angeles Angels owner Arte Moreno paid $125 million for the Cortland Biltmore, nearly $500,000 per unit. Moreno has a history of purchasing real estate in the area. Moreno recently bought a 12-acre office complex in the Biltmore area for $60 million. The Phoenix Business Journal reports he also paid $24.5 million for a 21-acre lot in...
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Denver Redevelopment Project Leader Lands $63M Loan
The Denver Downtown Development Authority (DDDA) approved a low-interest loan up to $63 million to support the High Fidelity Plaza redevelopment. The total project cost is estimated at $315 million. The High Fidelity Plaza project will convert 1 million square feet of existing commercial office space into a mixed-use residential development featuring over 700 apartment units,...
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IMC Inks Construction Loan for $74M Miami Apartment Venture
IMC Equity Group closed on a $54 million construction loan, enabling it to begin work on Northside Town Station, a 244-unit apartment complex in Miami. The seven-story apartment building will include 15,000 square feet of retail on the ground floor. Synovus Bank provided the loan for the project at 2995 N.W. 79th St. The construction...
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RiverGate Mall Demolition Kickstarts $450M Redevelopment Effort
Merus is taking the wrecking ball to RiverGate Mall. It’s the first tangible step of the $450 million redevelopment of the onetime thriving retail center. The mall opened in 1971. Merus paid $33 million for the 57-acre site. The Nashville Business Journal reports Merus is planning a massive mixed-use development on the site in Goodlettsville. Plans include 130,000...
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People and Companies News for Week Ending March 27, 2026
EBC has named Ghyslain Deschamps as president and CEO, effective April 15. This transition reflects a spirit of continuity, built on many years of close collaboration between Marie‑Claude Houle, who has served as President and Chief Executive Officer since 1999, and Deschamps, said the company. The two are credited with, together, playing a key role in reinforcing EBC’s position...
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Minto Sells Toronto Apartment Property for $90.75M
Minto Apartment REIT has agreed to sell its 150 Roehampton property in Toronto’s Midtown areaa for $90.75 million to an unidentified private real estate investor. The sale price represents a premium to the REIT’s IFRS value for the asset, said Minto. Net proceeds of approximately $67 million, after mortgages and commissions, will be used to...
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Killam Boosting Disposition Program Maximum to $150M
Killam Apartment REIT is increasing its 2026 capital-recycling target, raising planned non-core asset sales to between $100 million and $150 million. The Halifax-based REIT said the higher disposition target, up from a previous $50-million goal, is part of efforts to accelerate portfolio optimization. Proceeds from asset sales are expected to be used to repurchase and...
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Arrow Secures Acquisition Loan for LIC Development Site
Arrow Real Estate Advisors arranged $9.0 million in acquisition financing for a development site located at 10-38 45th Rd. in Long Island City. The financing was secured on behalf of Century Development Group through MidFirst Bank. Founder and managing partner Morris Betesh, SVP Omar Ferreira, associate Jacob Petrovic and analyst Jonah Schultz arranged the bank...
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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