News
LIC Multifamily Tower Secures $111M Bridge Loan from PGIM
American Lions, a joint venture between Fetner Properties and Lions Group, secured a $111-million bridge loan for The Bold, a 28-story, 164-unit multifamily tower located at 27-01 Jackson Ave. in Long Island City. The financing, provided by PGIM Real Estate, was arranged by JLL Capital Markets. The JLL Capital Markets team representing the borrower was led by senior managing director...
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Inland Real Estate Acquires Luxury LI Multifamily for $190M
JLL Capital Markets secured the $190-million sale of The Arboretum, a 292-unit luxury multifamily development in Farmingville, NY, within Suffolk County. Senior managing directors Jose Cruz, Steve Simonelli and Rob Hinckley, along with director Austin Pierce, represented the seller, BRP Companies. The buyer was an affiliate of The Inland Real Estate Group of Companies, Inc. Matthew Tice,...
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Two Davis Apartment Complexes Sell for First Time Since 1980s
Transwestern announces that it brokered the sale of a two-complex multifamily portfolio consisting of 140 units in Davis for $42.8 million, or $306,000 per unit. Shivu Srinivasan, senior director at Transwestern, represented the Fox Group in the sale of Temescal Apartments and Pepperwood Apartments to Interstate Equities Corporation. Temescal Apartments, located at 2477 Sycamore Ln., has...
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Report: Institutions Now Net Sellers of Single-Family Homes
Even as Congress moves closer to a vote on a bill to ban institutional investment in single-family homes for rent, these investors have been drawing down their single-family rental inventories over the past two years, CNBC reported Wednesday. “Research from housing data and analytics firm Parcl Labs shows that the largest investors are now net...
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Developer Inks $40.4M Financing for Littleton Apartments
Vista Residential Partners (VRP) has closed a construction loan to build a 172-unit multifamily project in Littleton. Highline Vista will rise four stories at 16 W. Dry Creek Circle. The Denver Business Journal reports Vista received a $40.4 million loan from Nationwide Mutual Insurance Co. to help finance the project. The company purchased two parcels...
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Vintage Partners Looking at W. Phoenix Mixed-Use Venture
Once Phoenix changed its policies on where data centers would be a good fit, Vintage Partners decided a 63-acre parcel on Phoenix’s west side would be better suited for an alternative use. AZBEX reports that Vintage is now asking Phoenix to consider a mixed-use community with 1,000 residential units, comprising single-family attached and multifamily units,...
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StoneHawk Closes $44.6M Financing on Grand Prairie Rental Asset
Walker & Dunlop has arranged a $44.6 million construction loan for The Henley, a 255-unit multifamily project that will be located roughly midway between Dallas and Fort Worth in Grand Prairie. The Henley will offer 153 one-bedroom units and 102 two-bedroom units in addition to Class A amenities that include a sky lounge & rooftop...
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Austin Developer Snags Zoning for Hotel, Multifamily Towers
The Austin City Council approved a rezoning request for a city block to accommodate a plan to redevelop the block with two high-rise towers that would hold a mix of uses along West Martin Luther King Jr. Boulevard and 18th Street in downtown Austin. The Austin Business Journal reports the redevelopment project would include building...
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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