News
Northmarq Arranges Sale of 165-Unit Multifamily in Bloomington
Northmarq’s Midwest Multifamily Investment Sales team of Alex Malzone, Jake Lamb, Parker Stewart and Dominic Martinez arranged the sale of Grove at Main, a 165 unit garden style multifamily community located at 102 Donnie Drive in Bloomington, Illinois. The property, built in multiple phases from 1979 to 2003, was sold to Cinnaire Solutions. Northmarq represented...
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Onetime NYSE Home Lands Construction Loan for Residential Conversion
Newmark facilitated $191.5 million in construction financing for the redevelopment of 40 Exchange Pl., the onetime home of the New York Stock Exchange in Lower Manhattan’s Financial District. Co-president of Global Debt & Structured Finance Jordan Roeschlaub and vice chairman Chris Kramer secured the financing on behalf of owner GFP Real Estate, with support from associate director Tim Polglase. The funds were...
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Former FW Oncor Offices Converting to Apartments, Retail
3L Real Estate bought the 115th Street West building in 2023 and began planning a conversion project. 3L recently hired Hasen to begin construction on the adaptive reuse of the former Oncor Building in downtown Fort Worth, converting it from an office to multifamily, in the next month or two. To be branded, 115th West 7th Street, Hasen...
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Kane Proposing Cary Mixed-Use Project
Kane Realty Corporation filed site plans with the town of Cary for Flat Iron, a mixed-use project on Chatham Street. The Triangle Business Journal reports Flat Iron will be a 7-story building with apartments and a restaurant space. Flat Iron is proposed for 2 acres at 602 W. Chatham St. and 523 Old Apex Road....
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Toro Reveals Plans for Cumming Rental Community
Toro Development Company (TDC) announced plans for Overlook, a 301-unit multifamily development within Cumming City Center. With the land closing and financing complete, construction will begin this month. The loan for Overlook was provided by Pinnacle Financial Partners. EBSCO Real Estate is the sole equity partner on this development. Overlook will feature amenities including a...
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Stabilized LIC Rental Tower Secures $160M Refi
JLL Capital Markets advised World Wide Group and Rabina on a $160.25-million refinancing of QLIC, a 21-story, 421-unit luxury multifamily high-rise with ground-floor retail located in Long Island City, Queens. The financing, provided by KKR, offers a flexible capital solution for the stabilized asset, which benefits from strong in-place cash flow and consistently high occupancy,...
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Calgary Retail Real Estate Market to Remain Unbalanced
Calgary’s retail real estate market will remain imbalanced for the foreseeable future, says a leading veteran broker who specializes in the asset class. Andrew Sherbut, a Barclay Street partner and vice-president, made the comment in an interview with Connect in the aftermath of the company’s new local quarterly retail property report. “One of the things...
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Shopoff Acquires Remainder of Westminster Mall for Mixed-Use Redevelopment
Shopoff Realty Investments has acquired the 57.5-acre remainder of the Westminster Mall, ahead of its planned mixed-use redevelopment, Bolsa Pacific at Westminster. Washington Pacific Group was the seller. Lee Aarons of Land Advisors represented the buyer. Shopoff previously purchased the mall’s 14.1-acre former Sears parcel in July 2022 and its 11.7-acre Macy’s parcel in August 2022. The 83.3-acre project site currently houses the Westminster Mall and...
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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