News
Griffin Inks $47M Refi on Austin Apartment Project
Griffin Capital obtained a $47 million refinancing for 1900 Parmer Apartments, a recently-built, 364-unit midrise apartment community in Austin. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins, and Patrick Johnson of Berkadia Miami arranged the financing for Griffin. MF1 Capital provided the loan. The property was 98% leased at the time of closing. Located at 1900...
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Waxahachie Okays 1,400 Apartments, 1.2M SF of Commercial Space
The Waxahachie City Council has given Minto Communities the green light to develop a new master-planned community in Waxahachie, Texas. The 3,170-acre community is expected to be the largest residential and mixed-use development in the area. Development is projected to start mid-2026 with a multi-year buildout. The new community will be located in the southern...
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Passco Acquires 340-Unit Hickory NC Multifamily Community
Passco paid $71.3 million for the Preston Ridge Apartments, a 340-unit rental community located at 2001 Startown Rd. in Hickory, North Carolina. Northmarq represented the seller, Lat Purser and Associates. Built in two phases with the first in 2020 and the second in 2023, Preston Ridge offers one-, two- and three-bedroom floorplans. The community features...
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Placemaking Goes To College
Pictured above: Northern Arizona University The concept of placemaking entered urban planning during the mid-20th century. These days, planners and developers are relying on placemaking strategies to help improve the quality of life and foster a sense of community. Placemaking is also making its way onto college and university campuses. David McCullough, Principal at McCullough...
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The Realities Behind the 2025 Multifamily Rent Growth
Laura Khouri Year-end rent growth articles and reports by data analytics and commercial real estate firms agreed on one thing. Namely, that apartment rent growth was slim to non-existent in 2025. Depending on the source, year-over-year rent growth stood at 1.1% (Cushman & Wakefield) or 0.6% (RealPage). Meanwhile, Yardi Matrix reported absolutely no rent growth...
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CBRE Closes $53M Sale of Azusa Apartments
CBRE arranged the sale of Lumia, a newly constructed mixed-use multifamily community located at 850 N Azusa Ave. in Azusa, to Lumia Azusa LLC for $53 million. The CBRE team of Chris Tresp, Derrek Ostrzyzek, Rachel Parsons, Mike Murphy and Kenji Thomas represented the seller, Serrano Development. “Lumia represents a premier, transit-oriented asset in a walkable setting in downtown Azusa, an emerging San Gabriel Valley submarket,” said...
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REBNY Annual: CRE Leaders Call on New Mayor to Work with Industry (VIDEO)
Commercial real estate leaders at the Real Estate Board of New York’s 130th REBNY Annual had plenty to say when Connect CRE asked them what the city’s new mayor should focus on primarily. Working together with the industry and coming up with long-term solutions to the question of affordability were key themes. For example, Bruce...
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Mill Creek Gets Underway with San Rafael Rentals
Mill Creek Residential said Thursday that construction is underway at Modera San Rafael, a 210-unit community located at 930 Irwin St. on the east end of the city’s downtown corridor. The community broke ground in October, and first move-ins are anticipated for 2028. “Downtown San Rafael is one of the most walker-friendly and bike-friendly locales in...
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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