News
Study: Rent Control Could Cost Massachusetts $300B in Property Values
A rent-control measure that would cap annual rent increases in all cities and towns in Massachusetts at the rate of inflation could cost the state $300 billion in declining property values over a 10-year period, according to a study from the Greater Boston Real Estate Board and the Tufts Center for State Policy Analysis. “The...
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Minnesota Apartments Secure $23M in Deal Brokered by Northmarq
Northmarq’s Minneapolis Debt + Equity team led by Andy Finn successfully arranged the $22.727 million refinancing of One West Drive, a 49-unit boutique apartment located at One West Drive in Excelsior, Minnesota. Northmarq arranged the permanent fixed rate financing on behalf of the borrower, which included Monarch Development Partners, Red Leaf Partners and Brue Baukol...
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$30M Sale Closed for Suburban Portland Apartment Property
JLL has arranged the $29.85 million sale of Cedar Square, a 155-unit garden-style apartment community in Beaverton, Oregon. JLL worked on behalf of the seller, a local owner. JLL represented the buyer, a joint venture between Glencrest Group and Sky Alps Capital, in arranging an acquisition loan. Cedar Square is the eighth acquisition Glencrest Group...
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LIHI Tops Out on $50M Housing Project in Seattle
The Low Income Housing Institute (LIHI) announced that its seven-story project, 125th Senior Housing, has topped out at 12245 Aurora Ave. N. in North Seattle. The 89-unit building spans 67,345 square feet, and the site is 16,674 square feet. LIHI received a HUD 202 Senior Housing award for the property, which includes $3.3 million for...
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Resia Obtains $38M Refi for Denton Apartments
Resia scored a $37.9 million refinancing for Resia Rayzor Ranch, a 322-unit community in Denton, Texas. ACRE was the lender, in a deal arranged by JLL Capital Markets. Commercial Edge reports previous financing included a $41.8 million HUD section 223(f) loan, with a 6.28 percent interest rate, originated in 2023 by Colliers Mortgages. The maturity...
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High Street Expanding its Perimeter Summit Apartment Presence
High Street Residential (HSR) has provided plans to Brookhaven for review that would add 280 apartment units to its already-under-construction 350-unit project at Perimeter Summit. The eight-story building will include 5,000 square feet of commercial space between Lake Hearn Drive and Summit Boulevard. The project would include 28 workforce housing units. Perimeter Summit is home...
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Evolve Snags $41M Refi on SC Rental Community
Evolve Companies secured a $41 million refinancing for its 280-unit apartment community at 510 Cedar Tree Rd. in Wellford, South Carolina, near Spartanburg. Northmarq’s West Palm Beach Debt + Equity team led by Chris Hammel arranged the bridge financing on behalf of the borrower through its relationship with BlackRock. Built in 2024, Evolve New Hope Farm features one-,...
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Nonprofit Developer Helming $375.9M Jacksonville Sr. Housing Project
Nonprofit senior living developer, Fleet Landing, plans to build a 32-story tower at 111 Riverside Ave., Jacksonville, encompassing approximately 500,000 square feet and including 239 residential units and 40 licensed care units. The Jacksonville Business Journal reports the project is slated to cost $375.9 million. Plans include assisted living and memory care, along with several...
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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