News
Little Havana Apartments Trade for $68 million
The Astor Company sold Douglas Enclave, a 199-unit apartment complex in the Little Havana section of Miami for $68 million, or $341,708 per unit. Tandel Group 6 Properties was the buyer. Manny Chamizo III with ONE Sotheby’s International Realty represented The Astor Company. Victor Grumbaum at Keller Williams and Frank Tomini at Sunny Florida Realty...
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MMCC Arranges Financing for Whittier Multifamily
Marcus & Millichap Capital Corporation (MMCC) arranged $6,585,000 in financing for Kona Palms Apartments, a 37-unit multifamily property located at 14119 Mulberry St. in Whittier. Michael Derk, executive managing director in MMCC’s Nashville office, secured the financing with a national bank on behalf of a private client. Terms of the financing include a three-year interest-only loan term,...
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Ariel Arranges Sale of Harlem Affordable Portfolio
Ariel Property Advisors arranged the sale of the Harlem River Point Portfolio, an affordable housing portfolio comprised of two elevator buildings with 315 units in East Harlem. The properties traded for a total of $55.6 million. Buyer and seller were not disclosed. An Ariel team led by founding partner Victor Sozio, president and founder Shimon Shkury, director...
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JLL Arranges Luxury Minnesota Apartment Deal
JLL has secured the sale of The Eddi at Pentagon Village, a luxury multifamily community in Edina, Minnesota. JLL represented the seller, Rise Modular and Solomon Real Estate Group. Oaks Properties acquired the asset. JLL Capital Market’s Investment Sales and Advisory team was led by Managing Director Josh Talberg, Director Joseph Peris and Analyst Jack...
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Groupe HD, Société Financière Bourgie Invest in Montreal 175-Unit Apartment Project
Groupe HD and Société Financière Bourgie are investing in a purpose-built rental apartment project comprising approximately 175 suites on Montreal’s West Island. The five-storey apartment building will be situated on a roughly 125,000-square-foot site at 14700 Boulevard Pierrefonds in Pierrefonds Roxboro borough and involves total investment of $65 million. Built in a predominantly residential area...
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Vanderbilt U. Plans to Open San Francisco Campus in 2027
Nashville-based Vanderbilt University will establish an academic campus serving full-time students in San Francisco beginning in 2027, subject to necessary regulatory approvals. The research university will take over the campus and other assets of the California College of the Arts, which will wind down operations. Vanderbilt is making the move as part of a broader...
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Urban Design Firm SvN Merges with WW+P
SvN and WW+P have merged into a single global practice focused on regenerative urban planning and design. The internationally reknown design firms’ merger brings together more than 400 design professionals across 12 studios worldwide, combining London-based WW+P’s expertise in infrastructure, architecture and master planning with Toronto-headquartered SvN’s community-first and regenerative planning approach, with a particular...
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Berkadia Arranges $65M Sale, Financing of Richmond Apartments
Berkadia has arranged the $65 million sale and $42 million financing of Triton Glen, a newly built, 250-unit multifamily community located in Richmond, Virginia. Located at 10945 Nuckols Road, Triton Glen is a five-story community completed in 2024, offering a mix of one- and two-bedroom residences ranging from 639 to 1,409 square feet. Senior Managing...
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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