News
Ponce Park Condo Developer Inks $132.5M Construction Loan
Allen Morris Co. obtained a $132.5 million construction loan to complete its Ponce Park luxury condo in Coral Gables. The South Florida Business Journal reports that the Bank OZK provided the mortgage to the local developer for the 1.2-acre site at 3000 Ponce de Leon Blvd. Lotus Capital Partners, led by Faisal Ashraf, arranged the...
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Feds to Invest $1B in Quebec Housing Infrastructure
The federal government announced Wednesday that will invest about $1 billion to help Quebec modernize and expand its critical housing-related infrastructure. The funding will flow through the Canada Housing Infrastructure Fund and will support projects tied to drinking water, wastewater and stormwater systems needed to enable new residential construction in communities across the province. The...
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Jersey City Apartments Sell After Three-Decade Hold
Marcus & Millichap closed the sale of a 21-unit, walk-up apartment building at 3405 John F. Kennedy Blvd. in Jersey City for $4.1 million. The asset traded after more than three decades of legacy family ownership “The transaction represented a complex, value-add multifamily opportunity that required careful execution amid a challenging capital markets environment,” said Jonathan Zamora, senior...
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Red Oak Capital Holdings Provides Bridge Loan for Indianapolis MF
Red Oak Capital Holdings has funded a $2.84 million bridge loan to support the acquisition and repositioning of Linn Apartments, a 43-unit multifamily property in Indianapolis. The interest-only loan was structured under Red Oak’s Opportunistic Bridge Loan Program and features an 18-month initial term and a loan-to-stabilized value of 55.70%. Red Oak Regional Manager Stratos...
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Luxury Co-Living Trades in LA’s Mid-Wilshire Corridor
CBRE arranged the off-market sale of Ayan on Wilshire, a newly constructed, purpose-built luxury co-living community located at 6401 Wilshire Blvd. in Los Angeles. Although deal terms were not disclosed, L.A. Business First reported that the property was valued at $112.8 million in 2024. A CBRE team of Derrek Ostrzyzek, Rachel Parsons, Kenji Thomas and Mike Murphy represented the seller,...
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Pantzer Properties Adds Woburn Apartments to Boston Portfolio
Pantzer Properties has acquired a 289-unit apartment property in Woburn, MA for $131 million, reported the Boston Business Journal. The New York-based investment firm has rebranded the property, formerly known as Emblem 120, as The Point Woburn. It joins The Point-branded apartment communities in five other Boston suburbs. Pantzer bought the Woburn site from a...
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Former iPro Brokers to Receive 100% of Commissions Owed
Former iPro Realty brokers will receive 100% of their commissions owed, the Real Estate Council of Ontario announced Wednesday. The brokers had expressed concern that they would not be fully compensated for their work after the province shut down the scandal-plagued company in 2025 due to its alleged misuse of broker and client trust accounts....
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New Dallas Apartment Tower Rents Start at $11,500
The Galatyn residential tower in Dallas will start accepting tenants next month. And when it does, renters will sign leases with rents ranging from $11,500 to $24,000 a month. The Dallas Business Journal reports the average rent will be about $21,400 per month — excluding two top-floor penthouses. For comparison, the average rent for an...
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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