News
JPI Secures Land, Construction Loan for Dallas Mixed-Income Rental Community
JPI closed both land and construction financing for a new income-restricted housing complex in southern Dallas. Construction begins this month, with completion anticipated in mid-2028. The Torrington Forest project, planned on nearly 17 acres at 7100 S. Great Trinity Forest Way, calls for the construction of 248 homes, including 222 homes restricted to households earning up...
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Front Range Obtains $75M Refi on St. Pete Apartments
Front Range Partners inked a $75 million loan to refinance EVO St. Petersburg, a high-rise apartment complex in downtown St. Petersburg. Walker & Dunlop Capital Markets Institutional Advisory, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno and Cody Ela, arranged the fixed-rate financing provided by Freddie Mac on behalf of FrontRange Capital Partners. Delivered in 2023,...
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KeyBank Provides $93M Financing for South LA Affordable
KeyBank Community Development Lending and Investment (CDLI) provided $92.9 million in financing for Broadway & Imperial, a new 166-unit affordable housing development in South Los Angeles. The financing package includes a $43.8-million construction loan and an $18-1 million federal Low-Income Housing Tax Credit equity investment from KeyBank CDLI. Key Commercial Mortgage Group arranged a $31-million...
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NYC Fast-Tracks 12 Community Districts for Affordable Housing Production
New York City Zohran Mamdani and the Department of City Planning on Thursday announced 12 community districts that will see affordable housing production fast-tracked beginning in January 2027. The 12 districts represent nearly one-fifth of the city’s 59 community districts but have produced just 1.1% of the city’s new affordable housing over the past five...
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Erin Mills Mall Owners Clear OLT Hurdle For 3,162-Unit Redevelopment
A nine-tower, 3,162-unit redevelopment of Erin Mills Town Centre has cleared a major Ontario Land Tribunal hurdle, moving a key piece of the Mississauga mall’s long-term intensification plan forward. The decision covers the northwest corner of the property at 5100 Erin Mills Pkwy., where two one-storey commercial buildings and 532 parking spaces would eventually give...
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Deteriorating Montreal Landmark Faces Demolition As 685-Unit Plan Advances
The former Canada Malting complex in Montreal’s Saint-Henri neighbourhood is facing demolition after a new engineering report concluded the deteriorating industrial landmark poses an “imminent danger.” Développement La Malterie said Thursday it is establishing a security perimeter around the property at 5020-5070 Saint-Ambroise St., with part of the street closing as the site is secured....
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Alamo Heights Apartment Owners Eyeing Major Addition
Morningside Group plans to renovate and add hundreds of units to the Sunset Ridge at Alamo Heights apartment complex. The company recently filed a zoning change request with the city to allow for more infill development, hoping to increase the total units from 324 to 1,425. The firm acquired the property in 2022. The San Antonio Business...
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68-Unit Chicago Lawn Multifamily Portfolio Changes Hands
Essex Realty Group completed the sale of the Chicago Lawn Portfolio, a 68-unit, three-building multifamily portfolio located at 6321–31 S. California Avenue, 6355–57 S. California Avenue, and 6400 S. Fairfield Avenue in Chicago’s Chicago Lawn neighborhood. The portfolio sold to Icarus Investment Group for $5.23 million, or $77,000 per unit. Essex Realty Group Directors Jesus...
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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