News
Stockdale Taps Nuveen for $72.3M Loan for Scottsdale Apartments
Stockdale Capital Partners utilized a $72.3 million acquisition loan from Nuveen to acquire The Quincy at Kierland in Scottsdale. The price for the recently completed mid-rise asset was $110.3 million, or about $414,000 a unit. Embrey sold the 266-unit Scottsdale apartment complex in an all-cash deal. The Quincy at Kierland achieved a 94.4 percent occupancy...
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Kane Receives Okay for Three Raleigh Highrises
The Raleigh City Council approved Kane Realty’s rezoning application for 12, 20 and 40 stories across multiple lots on Six Forks and Lassiter Mill roads. The city added a condition that limits heights to 37 stories. The Triangle Business Journal reports the maximum square footage that can be built across all six parcels is 3 million square...
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Raycliff-Led Team Planning Design District Condo/Hotel Project
The current location in Miami’s Design District spans 88,000 square feet of retail and office space. But, if Raycliff Capital is successful with its upcoming planning board hearing, it will demolish those buildings and construct towers of 25 and 12 stories. The South Florida Business Journal reports Raycliff bought the property for $143.6 million in 2022....
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Hilco Funds Recapitalization of Chattanooga’s The Bend
Hilco Global provided a $47.5 million loan to support the recapitalization and continued development of The Bend, a large-scale, mixed-use riverfront project in Chattanooga, Tennessee, sponsored by Urban Story Ventures (USV). The loan optimizes the capital structure, enabling the sale of individual parcels to vertical developers and the introduction of new potential equity partners who...
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Starlight Tops Out 60-Storey BTR Project in Manchester
Starlight Investments has topped out a 60-storey build-to-rent tower project in Manchester, England. The Trinity Heights development will deliver 532 rental suites. The milestone marks progress on one of Manchester’s most significant BTR developments, located in the Castlefield Conservation Area and positioned to become a defining feature of the city’s skyline, said Starlight. The project...
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Proposed 139-Year-Old Toronto Church Redev Project Advances
A Toronto city council committee has approved a plan to redevelop a 139-year-old church site in the Garden District as a multi-family rental tower, advancing the proposal along the path to full municipal approval. The committee approved a proposed 48-storey residential tower despite facing some opposition from neighbourhood residents, Toronto Today reported. The proposal involves...
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Eastham Capital, Bender Companies Acquire Suburban Chicago MF for $75M
Eastham Capital has acquired The Element, a 509-unit garden-style community in Mount Prospect, Illinois. Florida-based Eastham Capital acquired the community for $75.25 million through its newest fund, Eastham Capital Fund VII, LP, with its operating partner, Bender Companies. To date, Eastham and Bender have co-invested in ten projects. Currently at 95% occupancy, The Element will...
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MassHousing Closes on $25M Financing for Deep Energy Retrofit Projects
MassHousing recently closed on a total of $25.4 million in financing, including $13 million from the Massachusetts Community Climate Bank at MassHousing (MCCB), to two affordable rental housing communities, Treehouse at Easthampton Meadow in Easthampton and the Brian J. Honan Apartments in Allston. The transactions involve the first commitments of funding from the MCCB to affordable rental housing...
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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