IPA Capital Markets, a division of Marcus & Millichap, finalized the $44-million financing of two luxury multifamily properties in Los Angeles. Moderno Axis, a 126-unit apartment complex located at 7650 Van Nuys Blvd. in the city’s Van Nuys neighborhood, received $28,305,000 in financing, while $15,725,000 was sourced for Moderno La Granada Hills, a 54-unit apartment complex with...
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Northmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Dominic Martinez, Alex Malzone and Anthony Martinez arranged the $44.2 million sale of Apex at Twin Creek, a 240-unit garden-style multifamily community located at 4002 Raynor Parkway in Bellevue, Nebraska. Northmarq represented the seller, Briar Capital Management, LLC, out of New York. The buyer was Clipper...
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Black Bear Capital Partners (BBCP) has arranged $39 million in financing on behalf of The Crest Group to refinance the Villas at Eastview, a newly constructed 100-unit luxury multifamily community in Central Islip, NY. The transaction was structured as a lease-up financing at stabilized pricing, with a step-down rate structure. New York Life Investment Management, on behalf of New York...
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BRIDGE Housing, a San Francisco-based nonprofit affordable housing owner and developer on the West Coast, announced the first close of BRIDGE Housing Impact Fund I with more than $92 million. Investors include KeyBank, BMO, Capital One, U.S. Bank, Century Housing and PGIM, along with an investment from BRIDGE Housing itself, funded in part by proceeds...
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Canada’s housing starts rose 6% in 2025, driven by record rental-apartment construction and increased development of missing-middle housing, says a new Canada Mortgage and Housing Corporation report. Despite the annual gain, underlying weaknesses persist, particularly in the homeownership market, according to the federal agency’s latest Housing Supply Report. The findings come after CMHC has repeatedly...
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Eagle Partners, a multifamily investment manager and operator focused on attainable housing, closed on a $162.5-million affordable housing preservation portfolio of The Hendrix Apartments and The Hadley Apartments, located in Escondido. The seller was not disclosed. Eagle partnered with Red Stone Equity Partners, JPMorgan Chase, The California Statewide Communities Development Authority and Affordable Housing Access. The...
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The New York City Council has approved plans for 395 Flatbush Ave., a residential tower to be developed by Rabina and Park Tower Group. The 840-foot tower would be the second-tallest building in Brooklyn. A replacement for a largely vacant city-owned seven-story office building, 395 Flatbush will reportedly be the first project in Brooklyn to...
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Atrium Court, a new affordable housing and retail development located at 7324 Martin Luther King Jr. Way S. in Seattle, recently opened. Located steps from the Othello Light Rail Station, the transit-oriented project brings 271 new apartment homes for working families and community-serving retail to one of South Seattle’s most diverse communities. The development was...
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