News
Morguard REIT Refinances $163.9M Worth of Apartment Mortgages
Morguard North American Residential REIT has secured $163.9 million in Canada Mortgage and Housing Corporation-insured refinancing agreements since year-end 2025. The loans have a weighted average term of 11.2 years, said Morguard. The maturing mortgages total $77.3 million and carry a weighted average interest rate of 2.88%. The refinancings are expected to close during the...
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Bronx Mixed-Use Secures $20M Bridge Refinance
A Bronx mixed-use property has secured a $20-million bridge refinance. Bridge Debt Strategies provided a 24-month, floating-rate loan on 2500 Barker Ave. The loan was arranged by Abe Mann, principal of Mann Capital Advisors, on behalf of an ownership group led by Theodore Trachtenberg. The approximately 55,000-square-foot property comprises 53 residential units plus two floors...
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Cushman & Wakefield Arranges $77M Sale of 240-Unit Lynnwood Multifamily
Cushman & Wakefield has arranged the sale of Allegro Lynnwood, a newly constructed 240-unit multifamily community located at 16525-16605 Ash Way in Lynnwood, Washington. The final sale price was $77.49 million. Cushman & Wakefield’s Byron Rosen, Tim McKay, Dan Chhan, Matt Kemper, Jacob Odegard, Dylan Roeter, David Karson and Chris Moyer represented both the seller,...
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Greystone Finances Bayshore’s $110M Acquisition of Suburban IL Apartments
Greystone has provided a $89.226 million first loan and $5.57 million second loan to finance the acquisition of Crest Hill apartments, a multifamily property in Crest Hill, Illinois. The financing was originated by Eric Rosenstock, Senior Managing Director at Greystone, on behalf of Bayshore Properties. Indiana-based Bayshore Properties paid $110 million for the complex. The...
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“Monumental” Update to LA’s Adaptive Reuse Ordinance Takes Effect This Month
An update to Los Angeles’ 1999 adaptive reuse ordinance takes effect this month, and developers are already planning to convert underutilized commercial buildings across the city into apartments. The Los Angeles Times reported that the new Citywide Adaptive Reuse Ordinance opens the possibility of conversion for many more buildings than the 1999 guidelines, which focused...
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Work Underway on $1.7B Fort Worth Mixed-Use Project
Keystone Group and Larkspur Capital have kicked off Phase I of Westside Village, a $1.7 billion, 37-acre master-planned mixed-use district west of downtowon Fort Worth. Phase I includes a 308-unit luxury multifamily community and a 100,000-square-foot Class AA office building with premier workspace, ground-floor retail, two restaurant concepts, a private social club, and a below-grade...
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Developer Duo Inks Refis for Phoenix-Area BTR Communities
JLL Capital Markets arranged a $33.05 million and $31.25 million refinancing of Villas Litchfield and Villas Goodyear, respectively, two newly constructed luxury build-to-rent communities in Phoenix’s West Valley. JLL represented the borrower, an affiliate of Blue Vista Capital Management, LLC and Family Development, in securing the loans with ORIX Corporation. Both properties delivered their final units...
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ARC Closes on Loans for Two Atlanta-Area Apartment Acquisitions
ARC Multifamily obtained two acquisition loans totaling $72.8 million on behalf for the purchases of Novo Stockbridge (photo) in Stockbridge, Georgia, and Novo Sweetwater in Lithia Springs, Georgia. The financing was arranged by Blake Cohen and Charlie Clark with CBRE’s Debt & Structured Finance team in Atlanta. The portfolio comprises 594 Class A garden-style units...
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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