News
Dream Gains 100% Ownership of Quayside Phase 1 MF Portfolio
Dream Impact Trust and Dream Impact Fund have acquired full ownership of the first phase of the multi-family component at the Quayside mixed-use project on the downtown Toronto waterfront. The project is slated to deliver almost 1,200 rental-apartment units at the large-scale development. “Collectively, the trust and Dream Impact Fund now own 100% of the...
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Wingate Living Expands to Cape Cod with Brewster Acquisition
Seniors housing specialist Wingate Living has acquired a 59-apartment independent and assisted living community located at 64 Woodlands Way in Brewster, MA, its first on Cape Cod. Terms were not disclosed. Wingate is investing in the future of the community, undertaking an extensive revitalization of the property and partnering with renowned designer Elizabeth Markel. This acquisition comes as Wingate Living...
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Lee & Associates Pacific Northwest Brings Queen Anne Apartments to Market
Lee & Associates announced the listing of the Ella Robert Apartments, a 23-unit vintage apartment community located at 16 Valley Street on Queen Anne Hill in Seattle, Washington. Originally constructed in 1928, the 15,627-square-foot property sits on an 11,067-square-foot site and features views of the Seattle skyline, Space Needle, Mount Rainier, and Elliott Bay. The...
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Citi Commits $60B to Promote Housing Affordability Over Five-Year Period
Citi has unveiled its Blueprint for Housing Opportunity initiative, a $60-billion, five-year housing affordability commitment aimed at increasing the supply of housing through the creation and preservation of at least 250,000 units across the U.S. In addition, the Citi Foundation will deploy $50 million in philanthropic grants to nonprofits addressing housing challenges and supporting the financial health of residents...
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Greystone Provides $80.9M to Rehab 640-Unit NC Affordable Housing Portfolio
Greystone provided both debt and equity financing for the rehabilitation of a 640-unit affordable housing portfolio comprising 10 properties across rural North Carolina, totaling $80.9 million. The transaction was led by Greystone Servicing Company LLC as the construction-to-perm lender providing $52.5 million of USDA 538 financing, with Greystone Real Estate Capital providing $28.3 million in...
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Related Group-Led Team Greenlit for $351M Sunny Isles Beach Condo Venture
The Sunny Isles Beach City Commission approved a 62-story oceanfront condominium tower planned at 19051 Collins Avenue in Sunny Isles Beach. The project is being developed by The Related Group in partnership with Dezer Development and BH Group. The building is poised to become the tallest tower in Sunny Isles Beach. It will include 145...
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Ottawa to Deliver 7,500 New Apartment Units for Military Personnel
The federal government has launched the second phase of a national housing-construction program that will deliver approximately 7,500 new apartment units for Canadian Armed Forces members and their families across the country. The announcement was made Tuesday at the Uplands site of the Canadian Forces Support Group (Ottawa-Gatineau, Que., region) by the Department of National...
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Free-Market Yorkville Apartments Go for $660K Per Unit
Marcus & Millichap finalized the sale of 443 E. 88th St., a 25-unit apartment building in Manhattan’s Yorkville neighborhood. The property sold for $16.5 million, or $660,000 per unit. “This property was highly sought after given its 100% free-market status, further demonstrating the consistent demand and premium buyers will pay to ensure flexibility with scale,” said Joe Koicim of the NYM Group of...
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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