News
Hilltop Picks Up 292-Unit Houston Apartment Community
Hilltop Residential has purchased Lincoln Heights, a 292-unit community in Houston, from Willow Bridge Property Co. Pacific Coast Capital Partners secured a $38.7 million acquisition loan on behalf of Hilltop. Willow Bridge delivered the building at 700 W. Cavalcade St. in 2020. Willow Bridge is the residential team at Lincoln Property Company. Lincoln Heights rises...
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Sunstone Two Tree to Deliver 550 Phoenix-Area BTR Homes
Sunstone Two Tree is delivering homes across three new communities in Phoenix. When fully delivered, they will total more than 550 new rental homes. In addition to delivering new homes, the company has closed on a new 20.86-acre lot in Buckeye. The company broke ground on a 238-unit BTR project in Buckeye with construction set...
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Financing for Wynwood Apartments Includes $124.2M C-PACE Loan
Rilea Group closed on a $150 million construction financing package for Mohawk at Wynwood, a 300-unit multifamily community now under construction in the heart of Miami’s Wynwood Arts District. The financing package includes $124.2 million in C-PACE capital from Nuveen Green Capital (NGC) and a $25 million senior loan from ABANCA USA, which serves as the senior secured lender for the transaction. The financing...
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Affiliated Snags Construction Loan for 336-Unit Boynton Beach Rental Community
Affiliated Development closed on a $73 million construction loan with Pacific Life Insurance Company for The Dune, a mixed-use, mixed-income multifamily development in Boynton Beach, Florida. Located off Federal Highway just north of Delray Beach, The Dune will deliver 336 residential units, including 298 apartments in an eight-story building and 38 three-story townhomes with internal...
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Sustainable Bronx Affordable Project Closes on $193M Financing
Gilbane Development, the Institute for Community Living, Inc. (ICL), Tredway, New York City’s Department of Housing Preservation and Development (HPD) and the city’s Housing Development Corporation secured financing for Renova West at 860 Concourse Village East in the Morrisania neighborhood in the Bronx. The $193-million project will deliver a 19-story, transformative mixed-use supportive and affordable housing...
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Marcus & Millichap Closes Mixed-Use Sales in Hoboken
Marcus & Millichap arranged the sale of two mixed-use properties located along Washington Street, Hoboken, NJ’s primary retail corridor. The total sale price was $5,801,000. The first transaction involved the sale of 420 Washington St., a three-unit mixed-use property. Alan Cafiero, Devin Perez and Dean Matuszewicz, investment specialists in Marcus & Millichap’s New Jersey office, represented the seller and procured the buyer in the $2,850,000...
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Standard Communities Acquires 50-Unit Affordable Housing Property in MN
Standard Communities acquired Jefferson Square, a 50-unit townhome community in Northfield, Minnesota, in an $8 million transaction. Located at 1356 Jefferson Road, Jefferson Square spans 5.2 acres and includes nine residential buildings, three parking structures, and an administrative building. Originally redeveloped in 2010, Jefferson Square offers spacious two-, three-, and four-bedroom townhomes averaging 1,130 square...
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Minto Apartment REIT to Go Private in $2.3B JV with Crestpoint
Minto Group has agreed to take its apartment REIT private in a proposed joint-venture deal with Crestpoint Real Estate Investments worth $2.3 billion. Announced Monday, the proposed transaction calls for a Crestpoint affiliate to acquire all of the REIT’s units, except those owned by Minto Group and its senior officers, for $18 apiece. That price...
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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