News
Denholtz Offloads Deerfield Beach Office Buildings
Denholtz sold off a pair of single-story office buildings in Deerfield Corporate Park in Deerfield Beach for $34.5 million. A 70,512-square-foot office at 602 S. Military Trail and another 76,905-square-foot office at 776 S. Military Trail were purchased by Aptos Management. Cushman & Wakefield’s Scott O’Donnell, Greg Miller, Mike Ciadella and Miguel Alcivar represented the seller in...
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FCP Buys 151-Unit Monroe BTR Community
A joint venture of Taylor Morrison and Varde Partners sold a Charlotte-area build-to-rent community. The sales price of Yardly Monroe, a newly-built 151-unit cottage-style apartment community, was $41 million. FCP was the buyer of the project at 3380 Taylor Morrison Drive in Monroe, about 20 miles from Charlotte. FCP obtained a $24.75 million Freddie Mac...
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Moncton City Council Advances Plans for 14,000 Homes on Vision Lands
Moncton, N.B., city council has advanced the proposed Vision Lands development that could ultimately support about 14,000 new homes. Council’s decision advanced a secondary plan that is going through the approval process, according to The Moncton Times & Transcript.. The plan is due to come before council again on February 17. The Vision Lands comprise...
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$78M Loan Funds Bushburg Plan for Resi Conversion of FiDi Office Tower
Real estate bridge lender Oak Funding, along with OakNorth Bank, has closed a $78-million co-loan to Bushburg, a vertically integrated real estate firm, to support its acquisition of 100 William St., a 21-story office building in Manhattan’s Financial District. Proceeds will also fund pre-development work ahead of its planned office-to-residential conversion. “Bushburg has a proven...
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Wellpointe Plans Affordable Development within Warner Center
A property-holding affiliate of Wellpointe Inc. has acquired 6400 Canoga Ave., a 4.71-acre site in Woodland Hills. The acquisition represents a milestone in Wellpointe’s plan to pursue a 100% affordable housing, mixed-use development in Warner Center, one of the San Fernando Valley’s most actively evolving districts. The acquisition comes at a notable inflection point for the site....
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Feil Grows Westport, CT Portfolio with Mixed-Use
The Feil Organization has acquired 2–14 Post Rd. East in Westport, CT, from State & Main Streets LLC for an undisclosed sum. The mixed-use property includes approximately 6,500 square feet of ground-floor retail space and 10 studio apartments. “We are thrilled to continue expanding our portfolio in Westport with the addition of 2–14 Post Rd. East,” said Randall...
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Wynwood Plaza Investors Ink $335M Refi
L&L Holding Company and Oak Row Equities, along with project partner Shorenstein Investment Advisers and co-investor Claure Group, announced a $335 million refinancing of Wynwood Plaza, their recently completed mixed-use campus at 95 NW 29th Street in Miami’s Wynwood Arts District. L&L and Oak Row will utilize the proceeds from the bridge loan to retire its...
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Atlanta Multifamily Market to Stay Strong Through 2026
The Atlanta multifamily market remains positive, according to a recent Northmarq analysis. Atlanta highlights include: Net absorption topped 20,000 units over the past year, outpacing roughly 16,700 new deliveries. Construction remains limited at 2.8% of total inventory. Vacancy tightened earlier in the year and ended Q4 at 6.3%, up 60 basis points quarter over quarter...
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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