News
Austin School District, NRP Teaming Up on 675-Unit Housing Venture
The NRP Group, in partnership with the Austin Independent School District (AISD), announced the financial closing and groundbreaking of the first phase of the Anita Ferrales Coy school-to-housing redevelopment. The Urban Investment Group at Goldman Sachs Alternatives contributed $60 million in project financing for the project. The 675-unit community will break ground in two phases: Phase...
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Beacon Adding Apartments to Charlotte Development
Beacon Partners filed a land development construction plan with the city of Charlotte for a 3.8-acre parcel at 122 Freeland Lane. The Charlotte Business Journal reports the plan calls for a 342-unit multifamily community just next door to Beacon’s Station at LoSo office and retail buildings. The project will also include communal courtyards, a dog...
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Dermot-Led Team Picks Up Palm Beach Gardens Rental Community for $131.8M
The Dermot Company, in partnership with PGGM and TD Asset Management (TDAM), acquired The Quaye at Palm Beach Gardens, a 341-unit townhome and apartment community in Palm Beach Gardens, for $131.8 million. Affinius Capital originated a $110 million loan to support the acquisition. PGIM Real Estate was the seller of the property located at 10000 South Gardens Drive. Walker...
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Equiton Expanding into Toronto Luxury Condo Market
Equiton is entering Toronto’s luxury-condominium sector with plans for a boutique development near the city’s Bridle Path district. The company said it will develop Bridleview Residences, a six-storey luxury condo project planned at the gateway to Bridle Path, one of Canada’s most affluent residential enclaves. Investors will be able to participate in the project through...
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RXR Closes on Financing for FiDi Office-to-Resi Conversion
RXR, in partnership with One Investment Management, has closed on more financing for the $500-million-plus office-to-residential conversion of 61 Broadway, an office building in Manhattan’s Financial District, into a 796-unit residential tower. Construction will begin later this month and the first units are expected to be delivered in the first half of 2028. Originally built in...
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Meridian Arranges Freddie Mac Loan for Northern NJ Apartments
Meridian Capital Group has arranged $63,503,000 in Freddie Mac financing for Wayne Village, a 275-unit garden-style apartment community located at 27 Lancaster St. in Wayne, NJ. The financing was negotiated by Matt Texler of Meridian, who secured the loan through Capital One. Wayne Village is a well-maintained, institutionally operated multifamily community comprised of 19 residential...
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Marcus & Millichap Closes Sale of Apartments Near MBTA Station
Marcus & Millichap recently completed the $4-million sale of Pine Street Apartments in Attleboro, MA. Tony Pepdjonovic and Evan Griffith, senior managing directors in Marcus & Millichap’s Boston office, marketed the property on behalf of the seller and procured the buyer. “The seller maintained the properties very well, and buyers were attracted to that pride of ownership as well as its transit-oriented location less than a half-mile from...
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North River Partners, Crestline Investors Finance $22M Philadelphia Multifamily Development
North River Partners and Crestline Investors have provided a $22 million construction loan for the development of The Fairman, an 86-unit multifamily project located in the Fishtown submarket of Philadelphia. The Fairman will consist of one seven-story and one five-story property, featuring a mix of studios, 1-bedroom, and 2-bedroom units, as well as one retail...
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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