News
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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Construction Underway on North Beach Condo Venture
Northlink Capital began construction of 7200 Collins, at 7200 Collins Ave. The 12-story development will include 222 one- and two-bedroom units. Each unit will come fully furnished and have a private terrace. Building amenities will include two swimming pools, a fitness center, lounge and event space. Short-term rentals will be allowed. Pricing averages in the mid-$800,000s,...
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Management and Operations: The Engine Behind Successful Multifamily Properties
Barrett Lowell Apartment property managers, also known as operators, were once mom-and-pop concerns. They fixed things, collected rent and stored leases and other paperwork. These days? Not so much. Experts told Connect CRE that multifamily operators need to go beyond filing skills and maintenance efforts to succeed. “Managing a single community or multi-asset portfolio requires...
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Partnership Acquires Tribeca Rentals for $32M
Slate Property Group and Avenue Realty Capital (ARC) acquired 45 White St., a seven-story multifamily rental building in Lower Manhattan’s Tribeca neighborhood. The partnership purchased 45 White from Benchmark Real Estate Group for $32 million, with financing by White Oak Real Estate Capital. Comprising 33,500 gross square feet, 45 White features 16 residential units ranging from...
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SVN Chicago Facilitates Sale of Bridgeport Multifamily Property
SVN Chicago Commercial announced the successful $1.2 million sale of a 7-unit multifamily property located at 2935 S. Throop Street in Chicago’s Bridgeport neighborhood. The transaction equates to approximately $171,429 per unit. Situated on a prominent corner lot just steps from Palmisano Park, the building features long-term tenants, a stabilized rent roll, and numerous recent property...
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Skender Breaks Ground on Arlington Heights Senior Living Development
Skender, as general contractor, recently broke ground on The Moorings of Arlington Heights, a senior living community operated by Presbyterian Living at 811 E. Central Road in Arlington Heights, Illinois. The 172,000-square-foot project will deliver 70 independent living apartments as part of a larger campus expansion and repositioning. The new open-plan residences, designed by Perkins...
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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