News
Site Secured for Massive UA Student Housing Project
Transwestern brokered the sale of 1815 E. Speedway Blvd. in Tucson, Arizona, a 2.5-acre site situated at the gateway to the University of Arizona campus. Transwestern Jim and Jack Fijan represented the seller, the owners of the Palm Shadows apartments, in the $25 million sale to Mortensen Development. The existing Palm Shadows apartment complex will be...
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Aria Snags $53M Financing for Charlotte-Area Apartment Venture
Aria Communities obtained $42.7 million in construction financing and $10.2 million in preferred equity for Skyview at Aria, a 338-unit multifamily development project in Monroe, North Carolina, a Charlotte suburb. The loan was secured through United Bank Inc and Parse Capital was the preferred equity provider. Skyview at Aria, located at 3613 W Hwy 74...
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Tampa Developer Proposing 1,150 Affordable Units as Part of PPP
PMG Affordable has been selected by the city of Tampa to transform an underutilized space into affordable housing and commercial space. The properties in the RFP, owned by the City of Tampa and the Community Redevelopment Agency, include the old Army Navy Surplus Market store and Royal lot. Besides PMG, the public/private partnership includes the...
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CBRE Arranges Sale of 34-Unit Multifamily in Milwaukee
CBRE has arranged the sale of Sage on Prospect, a 34-unit multifamily property in Milwaukee’s Lower East Side neighborhood. Three Sixty Real Estate Solutions, LLC, purchased the property from Dominion Properties for $8.25 million. CBRE’s Sean Beuche, Matson Holbrook, Gretchen Richards and Patrick Gallagher represented the seller in the transaction. Dominion Properties recently renovated the...
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Vancouver City Council Not Ready to Approve Proposed Stanley Park-Area Hotel Project
Vancouver city council has sent a proposed hotel project near Stanley Park back to planners for possible revisions. Council asked Marcon, which is developing the project, and city planners to consider adding below-market and market rental-housing components, Postmedia reported. The decision came after a third day of a public hearing on the potential development. Council...
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Largest Office-to-Resi Conversion in Massachusetts Secures Financing
MassDevelopment has partnered with primary lender The Washington Trust Company to provide $51,170,000 in loan financing to OCP Worcester Owner LLC, an affiliate of real estate development company and property owner Synergy, for the largest office-to-residential conversion in Massachusetts to date. Synergy will use loan proceeds to redevelop and convert the former Fallon Community Health Plan headquarters...
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Essex Companies Complete Logan Square Multifamily Transaction
Essex Realty Group, Essex Three-Twelve, and Essex Capital Markets announced the closing of 3134 N. Kimball Avenue, a 22-unit multifamily property located in Chicago’s Logan Square neighborhood. The seller was represented by Jack Doyle, an associate of Essex Three-Twelve. The buyer was represented by the Essex Realty Group team of Director Brian Keegan and Principals...
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Lincoln, Bridge Investments Open Downtown Santa Cruz Apartments
Lincoln Property Company and Bridge Investment Group joined with city leaders and community members recently for the grand opening of RiverRow, Lincoln’s first development in Santa Cruz. RiverRow features 175 apartments overlooking the San Lorenzo River, reportedly the first community in downtown Santa Cruz to do so. “RiverRow reflects the diverse and lively character of downtown Santa Cruz...
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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