News
Partnership Bids $470M for DTLA’s Graffiti Towers
A buyer has emerged for the long-stalled Oceanwide Plaza mixed-use development in downtown Los Angeles’ South Park neighborhood, the Los Angeles Times reported. Corona-based KPC Development Co. and its partner Lendlease, the original contractor on the project, filed an initial purchase agreement in federal bankruptcy court Monday that establishes a baseline price of $470 million. A sale could be...
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Toll Brothers Nabs West Chelsea Development Site for $53M
Adirondack Capital Partners (ACP), a boutique capital markets advisory firm, said Monday that Toll Brothers has acquired a premier development site at 118 Tenth Ave. in Manhattan’s West Chelsea submarket from Benny Barmapov for $53,000,000. Michael Hunter Coghill and Chad Sinsheimer of ACP served as exclusive advisors to the seller. “This transaction underscores the enduring institutional appetite for well-located development sites in New York City,” said Coghill....
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Brentwood Apartments Trade for $825K Per Unit
Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged today the sale and financing of Luxe Villas, a 60-unit multifamily asset in the Brentwood neighborhood of Los Angeles. The property sold for $49,494,000, or $824,900 per unit. “Luxe Villas is one of the premier multifamily assets in Brentwood,” said Kevin Green, IPA executive managing...
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Lone Star Lands $235M Refi on 10 Florida Sr. Housing Communities
Lone Star Funds received a $235 million mortgage on an 11-property senior housing portfolio. One property was in Texas. The South Florida Business Journal reports that Marathon Asset Management’s Commercial Real Estate platform originated the note. The 11 properties make up 1,564 portfolio units in markets such as Tampa, Boca Raton, Sarasota and Naples. The...
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Landmark Completes 1031 Exchange with Luxury NJ Apartment Deal
JLL Capital Markets represented Landmark Companies in its $35.075-million acquisition of The Grove at Piscataway, a luxury 110-unit multifamily community located in Piscataway, NJ. JLL Capital Markets’ Investment Sales and Advisory team was led by senior managing directors Mike Oliver, Jose Cruz and Steve Simonelli, senior directors Elizabeth DeVesty and Ryan Robertson and director Austin Pierce. Located at...
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IPA Closes Hartford-Area Sale of Value-Add Multifamily
Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the sale of Rivers Bend Apartment Homes, a 432-unit multifamily asset in Windsor, CT. Sale terms were not disclosed. “Rivers Bend is a value-add asset that draws upon a renter pool of nearly 24,000 people with average annual household income over $120,000,” said Victor Nolletti,...
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Report: Seattle Multifamily Market Shows Renewed Stability
Seattle’s multifamily market is showing renewed stability after navigating several years of correction and hesitation, according to a recent report by Lee & Associates. While the pace of recovery remains measured, key fundamentals, including lack of supply, stabilizing vacancy, and rebounding investor activity, are laying the groundwork for a stronger 2026 and beyond. New multifamily...
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Lionheart Arranges Senior Loan for Commerce Mixed-Use Project
Lionheart Strategic Management LLC, an affiliate of Fisher Brothers, closed on a $50-million senior loan for Modelo, a 13.8-acre master-planned mixed-use site located in City of Commerce in Los Angeles County. The project is sponsored by locally based Comstock Realty Partners. The financing, provided by Schroders Capital, will be used to complete environmental remediation across the full site,...
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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