News
Bank of Canada Holds Key Interest Rate at 2.25% Again
The Bank of Canada held its key overnight lending rate at 2.25% on Wednesday amid uncertainty surrounding the war in the Middle East and U.S. tariffs. The central bank held its key overnight lending rate for the third-straight time following a series of reductions. “We fully expected the Bank of Canada would hold the overnight...
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Alliance Secures Huntersville Site for 358-Unit Rental Community
Alliance Residential acquired a 20.4-acre site at 12420 Hambright Road in Huntersville from American Asset Corp. for $8 million. The Charlotte Business Journal reports Alliance will build a 358-unit garden-style apartment community there called Broadstone Bryton. The development will include one-, two- and three-bedroom units across 10 three-story apartment buildings. Floorplans are expected to range...
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13th Floor, Rockpoint Heading Up Boca Raton Apartment, Retail Venture
13th Floor Investments and Rockpoint broke ground on Link at Boca, a new mixed-use multifamily community in Boca Raton, Florida. The joint venture secured a $100 million construction loan from Santander Bank to finance the project. Located at 680 West Yamato Road, adjacent to the Boca Raton Tri-Rail Station, the eight-story transit-oriented development will include 340 apartments...
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Jamestown, NY Life Developing Massive Alpharetta Entertainment District
Jamestown and New York Life are working together on plans for an entertainment destination at the old North Point Mall, anchored by a 20,000-seat hockey arena. Regarding the hockey arena, the developers hope to attract the National Hockey League’s attention. The league hasn’t had a team in the area since the Thrashers relocated in 2011....
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San Diego Workforce Housing Trades to 1031 Exchange Buyer
Matthews facilitated the $30-million sale of Creekside Villas, a 144-unit workforce housing community located at 220 47th St. in San Diego. EVPs Stew Weston and Rosie Cooper represented the seller in the transaction, which marked the fifth multifamily sale of 100-plus units in San Diego within the past year. Located less than four miles from Downtown San Diego, the...
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Two-Tower Gowanus Multifamily Complex Refinanced for $370M
JLL’s Capital Markets arranged a $370-million refinancing for Society Brooklyn, a 517-unit, two-tower residential development positioned along the Gowanus Canal in Brooklyn’s Gowanus neighborhood. Senior managing directors Christopher Peck and Peter Rotchford and senior director Nicco Lupo worked on behalf of the borrowers, Property Markets Group and The Carlyle Group, to secure a three-year bridge loan from Brookfield Asset Management. Located at...
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Belmont Apartment Sales Reflect Renewed Private-Capital Activity
CBRE arranged the $8.5-million sale of two 10-unit multifamily properties in Belmont: 620 Masonic Way and 630 Masonic Way. They represent the latest examples of growing multifamily investment in the San Francisco Bay Area and demand for high-quality, well-located assets, according to CBRE. Pellegrini Apartments LLC sold 620 Masonic Way to Masonic Way LLC for...
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CBRE Adds Sam Lawhead to Portland Pacific Northwest Multifamily Team
CBRE has added Sam Lawhead to its Portland office as a first vice president with its multifamily investment team. Lawhead joins the firm’s Pacific Northwest multifamily investment team, working alongside Matt Dodd, Josh McDonald, and Joe Nydahl. Lawhead brings more than 15 years of experience in multifamily investment sales, recapitalizations, and institutional advisory services. He...
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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