News
Phoenix Investment Group Converting Sheraton Crescent to Apartments
Foundation 8 purchased the troubled Sheraton Crescent in Phoenix, and plans to convert the hotel units to 1,786 apartment units. Foundation 8 bought it out of receivership for $9.25 million. The Phoenix Business Journal reports the 342-room Sheraton Crescent had been in receivership, and closed, for three years. Besides Foundation 8, Trillium and Gia Hospitality...
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Onetime Atlanta Apartment Community Now 236 Condos
Crescent Heights recently opened Panorama, a 236-unit condo tower in Atlanta’s Buckhead area. Previously an apartment tower, the high-rise at 2460 Peachtree Road, was delivered in 1984 The Atlanta Business Chronicle reports Crescent Heights purchased the property through a limited liability company in November 2024. The firm paid just over $55 million in the transaction....
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Distressed Condo Projects Likely to Become Seniors Residences
A number of stalled or distressed Canadian condominium projects are poised to be converted into retirement homes amid strong ongoing demand for the asset class, says a leading seniors-housing expert. “There’s a high likelihood of that,” said Sean McCrorie, Cushman & Wakefield’s the firm’s vice-chair and seniors housing and healthcare practice group leader, told Connect...
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Montreal’s Molson Lands Redev Could Add 1,000 More Homes
A major redevelopment of the former Molson Brewery lands in Montreal could add up to 1,000 additional housing units under new municipal planning rules, La Presse reported. Developer Groupe Montoni is seeking approval to increase the scale of its planned project on the former Molson brewery site following changes to the city’s urban planning framework...
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Caivan Bucks Trend, Presells 100 Condos in Single Weekend
Brokerage RARE Real Estate says it presold more than 100 homes in a single weekend on behalf of the project’s developer, defying a sharp slowdown in Greater Toronto Area condominium pre-construction sales. Known as Aura Lakeview Village, the development project is located in Mississauga, Ont.. The low-rise project, developed by Caivan, drew strong interest from...
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Construction Tops Out on 32-Story Fulton Market Mixed-Use Tower
Developer VISTA Property and its general contractor, Skender, recently topped out 370 N. Morgan Street, a new mixed-use multifamily rental tower in Chicago’s Fulton Market neighborhood. Designed by Antunovich Associates, the 32-story, 539,000-square-foot, luxury building will feature sweeping skyline views and timeless modern architecture inspired by Mies van der Rohe. The development will include 494...
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High Street Residential Breaks Ground on Second Project in San Pedro
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company (TCC), and joint venture partner Haseko North America, Inc., have broken ground on Jules San Pedro, an eight-story mixed-use residential community located in the San Pedro Waterfront Arts District at the gateway to the Port of Los Angeles. Located at 155 W. 6th St., the...
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NPCG Closes Sale of Windsor Locks Apartments in Rebounding Hartford Market
Northeast Private Client Group (NPCG) said Friday it had closed the $4,375,000 sale of 21 Spring St. in Windsor Locks, CT, a suburb of Hartford. Buyer and seller were not disclosed. VP, investments Rich Edwards and VP, investments Jeff Wright of NPCG represented the seller and procured the buyer. 21 Spring St. is a multifamily property known as Magnolia Place. Built in 1963,...
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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