News
Interra Realty Brokers $17M Sale of Lincoln Park Apartment Building
Interra Realty facilitated the sale of 506 W. Deming Place in Chicago’s Lincoln Park neighborhood. The 49-unit vintage apartment building traded for $17.37 million, equivalent to more than $354,000 per unit. Interra Director Colin O’Malley represented the confidential seller of the property, as well as the buyer, Horizon Realty Group. The building was 98% occupied...
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Gantry Secures $30M in Loans for Trio of Seattle Region Assets
Gantry has secured three unique loans totaling $30.3 million for a trio of separately owned assets throughout the greater Seattle Region. The financings include loans for the refinance of a production studio facility in Seattle, a flex industrial refinance and acquisition in Kirkland, and a multifamily refinance in Tacoma. Gantry’s Mike Wood and Tim Brown...
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Northland Newton Set to Launch Phase 1 After Five-Decade Hold
Northland Investment has lined up $220 million in construction financing from JPMorgan Chase for the first phase of Northland Newton, a mixed-use development in its hometown of Newton, MA. The company has owned the 23-acre site for nearly 50 years. The first phase will deliver “315 apartment units, in the historic Saco Pettee Mill and...
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Canadian REITs Outperformed Global Counterparts in 2025: Hazelview
Canadian REITs outperformed most global peers in 2025 and are positioned for continued relative strength in 2026, according to Hazelview’s 2026 global outlook released Tuesday. Based on local currency terms, Canada’s 11.8% total return outperformed the 8.3% global benchmark in 2025 the country’s REITs were supported by easing monetary policy and improving real estate fundamentals...
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Subtext to Deliver 1,193 Beds Near Texas A&M Campus
Subtext and Larson Capital Management, along with lender QuadReal Property Group broke ground on VERVE College Station, a student housing development located at 311 Stasney Street, just steps from the Texas A&M University campus. It’s Subtext’s second development in Texass. Once complete, the 21-story, 824,057-square-foot property will deliver 1,193 beds across 392 units and include 930 parking spaces. Layouts range from studios to five-bedroom apartments. ...
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Ares Secures Land for 400-Unit Charlotte Rental Community
Ares Management Corp. bought a 16.4-acre multifamily development site at The Exchange at Indian Land. The Charlotte Business Journal reports Ares paid $16.5 million for the property, where 400 apartments have been planned. Ares acquired the site from Crosland Southeast and FCP. The two partnered on The Exchange at Indian Land, a mixed-use development that...
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Canadian Apartment Rents Decline for 15th Straight Month
Canadian apartment rents fell again in December, marking a 15th-consecutive month of year-over-year declines nationwide. Average asking rents for all residential property types dropped to $2,060 in December, down 2.3% year over year and marking the lowest level in about two-and-a-half years, according to the latest Rentals.ca and Urbanation rent report. Rents are now 5.4%...
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GFI Arranges $38M Sale of Kips Bay Development Site
GFI Realty Services arranged the sale of a development site located at 563–571 Second Ave. and 247–251 E. 31st St. in Kips Bay. The assemblage sold for $38,000,000, reflecting strong investor demand for large-scale development opportunities in core Manhattan locations. The property was acquired by Empire Development from the Marchi Family, which had owned the assets...
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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