News
Lument Facilitates $53M Refinance for Luxury Apartments in Columbus
Lument announced the closing of a $53.1 million balance sheet loan to facilitate the refinance and lease-up of South Bank at Quarry Trails, a 266-unit luxury multifamily community built in 2025 in Columbus, Ohio. Ryan Duling, senior managing director for Lument based in Columbus, led the transaction. The sponsor is Thrive Companies, a real estate...
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Interstate Equities, PGIM Partner on $272M Portfolio Buy
Interstate Equities Corporation (IEC) completed the acquisition of mResidences Portfolio, a four-property, 574-unit multifamily portfolio spanning Silicon Valley and Seattle markets for $272 million. The deal was completed in a joint venture with PGIM, with PGIM holding a majority of the equity interest. Three of the assets are located within California: The Maddox in Sunnyvale, Catalyst...
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Rentals.ca Owner Acquires Multi-Family Research Firm Urbanation
Rentsync, the owner of the Rentals.ca network, has acquired multi-family real estate research and consulting firm Urbanation for an undisclosed price. Rentsync said the acquisition strengthens its data and market-intelligence capabilities in Canada’s rental-housing sector. The deal brings together two companies that have collaborated for the past three years on the monthly Rentals.ca National Rent...
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Downtown Crossing Offices Proposed for Residential Conversion
An affiliate of real estate firm Synergy has filed an application to turn an 11-story building at 294 Washington St., immediately next to Old South Meeting House in Downtown Crossing, into 255 apartments use while keeping the existing ground-floor retail. The Boston Business Journal reported that it is the largest project to seek city tax...
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Issaquah Motel 6 to Be Converted Into 103-Unit Workforce Housing
Sage Investment Group has closed on a Motel 6 in Issaquah with plans to convert the 103 hotel units to 103 studio rental apartments. Sage purchased the motel for $9.7 million. Each unit will be fully renovated with kitchen spaces added, along with renovation of the amenity spaces, including onsite laundry, club room, outdoor patio...
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Affinius Capital Originates $140M Construction Loan for PA Multifamily
Affinius Capital has originated a $140.7 million construction loan to finance the development of The Piazza at Ardmore, a five-story, multifamily property in Ardmore, Pennsylvania. The mixed-use development will feature 270 residential units and 30,000 square feet of retail space along Philadelphia’s Main Line corridor. The development will also provide 478 parking spaces. The financing...
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Telus Begins Construction on Point Grey Mixed-Use Apartment Building
Construction has begun on a five-storey Telus Living project in Vancouver’s Point Grey area. The mixed-use apartment development site is located at 2608 Tolmie Street, on the southeast corner of West 10th Avenue and Tolmie Street, marking the redevelopment of a longtime telecommunications exchange site at the western edge of West Point Grey Village. The...
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Investors Picks Up 227-Unit Georgetown Rental Asset
Machine Investment Group and Alta Real Estate Partners acquired Rise 120, a 227-unit multifamily property located in Georgetown, Texas. Commercial Search reports Novak Cos. developed Rise 120, completing it in 2024. Machine Investment Group says the deal represents an opportunity to acquire a high-quality, new-construction multifamily asset at 30 percent below the developer’s basis, with factors such...
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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