News
CBRE Arranges Sale of Wisconsin Condominiums
CBRE has arranged the sale of Riverbend Lofts, located in downtown Racine, Wisconsin. Riverbend Lofts Holdings, LLC, acquired the property from Riverbend Condominiums LLC for $5.25 million. CBRE’s Matson Holbrook, Gretchen Richards, Sean Beuche, and Patrick Gallagher represented the seller in the transaction. Riverbend Lofts is an adaptive reuse multifamily asset originally constructed in 1912...
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Fast-Growing Anna Adding 130-Bed Senior Care Facility
FourSquare Healthcare Ltd. plans to build a 53,654-square-foot senior care facility at 3220 S. Powell Parkway in Anna. The Dallas Business Journal reports the Powell Parkway Medical Lodge is estimated to cost about $26 million and will include 130 beds. Construction on the facility is expected to begin in June and wrap up in late 2028 or...
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NRP Reveals Update on Medina Station
The NRP Group announced the financial closing and groundbreaking of a 353-unit multifamily development within Medina Station, a 60‑acre master planned community in Mesa, Arizona. The four‑story, elevator‑served community will be built on a 10‑acre parcel in the northeast quadrant of the master plan. Project financing was provided by Origin Investments as the equity partner,...
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Selig Assembles Ponce de Leon Parcels, Eyeing Apartment Tower, Retail
Selig Enterprises has locked up a number of small parcels with plans to build apartments and a retail component, along Ponce de Leon Avenue. Urbanize Atlanta reports Selig is looking to rezone a 1.75-acre site for for a 14-story building with 375 residential units, along with roughly 10,000 square feet of retail. The properties in...
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Rockefeller Group Unveils Atlanta’s Tallest Residential Tower
Rockefeller Group revealed Alina, the tallest residential and mixed-use tower in Atlanta, at 60 stories, delivering 357 rental residences. The residences top out at 749 feet. Upon completion, Alina’s residences will include a mix of studios, one-bedroom, two-bedroom, and three-bedroom layouts, as well as loft and penthouse units featuring private parking. In addition to its...
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Developer Duo Secures $160M Financing for Clearwater Mixed-Use Project
The Gotham Organization, alongside its joint venture partner, The DeNunzio Group, secured a $160 million construction financing package for The Bluffs, comprising a $115 million senior loan from Wells Fargo and $45 million in mezzanine debt and preferred equity from Schroders Capital and Lionheart Strategic Management. The Bluffs is the result of a successful request...
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Growing Wages and CRE Impacts
According to the Bureau of Labor Statistics’ January 2026 labor report, average hourly earnings increased by 3.7% year over year. With that statistic in hand, Marcus & Millichap’s Senior Vice President, John Chang, explained how that wage increase relates to commercial real estate. In a recently released video, “How Wage Growth is Reinforcing CRE,” Chang...
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MBK Rental Living Divests Class A Multifamily in Duarte
MBK Rental Living has completed the sale of its Esperanza at Duarte Station, a 344-unit new transit-oriented Class A apartment community in Duarte, to an undisclosed buyer. Developed as a joint venture of MBK Rental Living and Haseko Corporation, Esperanza opened in November 2022. “The community’s proximity to the Metro station and the world‑renowned City of Hope makes...
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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