News
Z Modular Inks $62.3M Refi for San Marcos Apartments
Castle Lanterra (CL) and InterVest Capital Partners (ICP) closed on a $62.3 million senior bridge loan with borrower Z Modular for Flatz 512 in San Marcos, TX. Flatz 512 is a recently constructed, 384-unit modern apartment community offering a mix of studio, one-, two-, and three-bedroom residences. Located between Austin and San Antonio along the...
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Apartments, Retail Planned for Galveston Bay
Construction began on a 19.5-acre mixed-use development in Seabrook on Galveston Bay called Seabrook Town Center. The Houston Business Journal reports the project will include a 320-unit apartment complex and 28,500 square feet of retail, restaurants and offices. HS Development Group is developing it. HS bought the parcel in 2022 and has been working on...
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Empire Group Building 533-Unit Tempe Apartment Project
Empire Group of Companies will be building Revelry, a new Class A mixed-use high-rise community in Tempe. Revelry will feature 533 residential units across two towers rising 17 and 15 stories, encompassing approximately 850,000 square feet. The project will offer a mix of furnished and unfurnished residences. The project features amenities including pickleball courts, wellness...
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PMG Closes on $115M Financing for Fort Lauderdale Condos
PMG secured $115 million in construction financing for Sage Intracoastal Residences Fort Lauderdale, a 28-story condominium along 200 linear feet of Fort Lauderdale’s Intracoastal waterway. Financing was provided by GoldenTree Asset Management. The transaction was led by PMG’s Capital Markets team, led by Andrew Warman. The property broke ground last month and is slated for completion in...
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Hudson Companies Lands Financing for Port Chester Rentals
The Hudson Companies has closed on $66 million in construction financing for a new Class A multifamily development located at 70 Abendroth Ave. (a/k/a 27-45 N. Main St.) in the Westchester County community of Port Chester, NY. The loan was provided by Truist Bank and will support the construction of a 203-unit, transit-oriented multifamily development in downtown Port Chester....
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Mackenzie Realty Spins Off Apartment Properties into Standalone Company
Orinda-based Mackenzie Realty Capital, Inc. (MKZR) announced that its multifamily assets and development property have been contributed to a newly created entity, MacKenzie Apartment Communities, Inc. (MAC). MAC is a separate, standalone company focused on developing and owning multifamily properties on the West Coast. MAC is currently 100% owned by MKZR. The four stabilized...
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Berkadia Secures $34M for Assisted Living in Bozeman
Berkadia announced the refinancing of Bozeman Lodge, an independent and assisted living community in Bozeman, Montana. Managing Directors Ed Williams, Steve Muth and Austin Sacco, Senior Director Garrett Sacco, and AVP Alec Rosenfeld of Berkadia Seniors Housing & Healthcare secured the financing from a debt fund on behalf of the owner-operator, Radiant Senior Living, based...
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Bonaventure Launches Norfolk Multifamily 1031 DST
Bonaventure, multifamily real estate investment firm, has launched Promenade Pointe DST, a 1031 exchange-eligible, Class A waterfront multifamily property located in Norfolk, Virginia. The DST represents approximately $50.1 million in total capitalization, including $20.1 million in investor equity. Promenade Pointe was developed by Bonaventure in 2013, and has continued to be the property’s owner-operator since...
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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