News
Decron Obtains Low-Rate $83M Financing on Simi Valley Apartments
BWE has secured an $82,885,000 loan to provide permanent financing for River Ranch Apartments, a 398-unit, garden-style apartment community in Simi Valley. SVPs Jake Roberts and Mike Guterman of BWE’s Los Angeles office originated the financing from Fannie Mae on behalf of Decron Properties. The five-year, fixed-rate loan has the lowest rate BWE has secured...
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Philadelphia Housing Authority Pays $49M for Apartment Development
The Philadelphia Housing Authority (PHA) has paid $49.1 million for a recently completed 200-unit development, amid the organization’s push to buy multifamily properties. Philadelphia-based Riverwards Group completed the Avenue V development in January before selling the property to PHA, reported the Philadelphia Business Journal. The development is located at 1635 N. 5th St. in North...
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Northmarq Secures $512M Freddie Mac Credit Facility for MF Portfolio
On behalf of Price Holdings LLC, a Price Brothers affiliate, Northmarq has secured a $512 million Freddie Mac credit facility to refinance and recapitalize a 13‑property multifamily portfolio spanning the Kansas City and Dallas metro areas. The financing was structured and arranged by Northmarq’s Greg Duvall, managing director, and investment analyst Brian Michaelsen. “Freddie Mac...
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REMAX Infinity Brokers Largest Newfoundland Deal in MLS System’s History
A $25-million multi-residential sale in Gander, NL, has set a new record as the largest transaction in the Newfoundland and Labrador MLS system’s history. The deal, brokered by Jim Burton of REMAX Infinity, involves a three-building apartment complex at 127, 129 and 131 Bennett Drive, comprising 169 units across roughly nine acres. “This was a...
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NRP Starts Work on 297-Unit Denton Affordable Housing Venture
The NRP Group, in partnership with the Denton Housing Authority, started work on Arbor Ranch, a 297-unit affordable housing community in Denton, Texas. The development will provide homes to families earning between 30% and 70% of the Area Median Income (AMI). Truist Bank provided financing for the project, including a $68 million construction loan, $48...
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Construction Begins on One of the First Broadway Plan Projects
Construction has begun on a 24-storey rental housing tower at the northeast corner of Kingsway and Fraser Street in Vancouver’s Mount Pleasant neighbourhood. The project, led by local developer Qualex-Landmark, will redevelop a former strip mall at 701 Kingsway, which was originally built in 1987 and has since been demolished. Vancouver city council approved the...
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$550M Hotel, Residence Concept Breaks Ground in Steamboat Springs
Alterra Mountain Co. expects to break ground soon on The Stockman, Auberge Collection, a $550 million combination hotel, residential property in Steamboat Springs. The mixed-use concept will include restaurants, hotel rooms, a ballroom, residences and parking. The nine-story property will feature 59 guest rooms and suites and 95 private residences. The Stockman will offer true...
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Onetime Salisbury Ford Dealership Becoming Senior Housing
A number of government and non-profit agencies are collaborating on an inventive approach to housing. They are converting a shuttered Ford dealership into the Ford City Motor Senior Housing complex at 419 Main Street in Salisbury, North Carolina. The new complex, planned as a 55-plus community, will have apartments spread across five buildings. A hallway...
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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