News
Brickell-Area Developers Obtain $250M Construction Loan
Affinius Capital originated a $250 million construction loan to finance the ground-up development of Brickell Starlite, a 39-story, Class A multifamily property featuring 517 units and 8,000 square feet of retail located in the Brickell submarket of Miami. The loan was made to Focus and Group Fox. Brickell Starlite will feature studio, one-bedroom, two-bedroom, and...
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Denholtz Inks $76M Refi on Nashville-Area Apartments
Denholtz procured a $76 million loan to refinance Overall Creek Apartments, a 384-unit Class A multifamily property located in Murfreesboro, Tennessee, 30 miles southeast of Nashville. The financing was provided by PCCP. A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Chuck Kohaut, and Chris Meloni represented the borrower in the...
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Lankin Acquires Brampton Apartment Portfolio for $247M: Report
Lankin Investments has completed the $247-million acquisition of a three-building apartment portfolio in Brampton, Ont., according to a published report. The reported acquisition expands the company’s Greater Toronto Area footprint. Together, the properties comprise 800 apartment units on a six-acre site near Dixie Road and Queen Street East, close to Bramalea City Centre and transit....
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RECO Revises iPro Scandal Compensation-Contract Terms
Former iPro Realty brokers due outstanding commission payments have won their battle to revise controversial language in settlement agreements offered by the Real Estate Council of Ontario’s insurance provider. The newly revised agreement removes suggestions that the brokers’ acceptance of accelerated partial commission payments could prevent them from receiving additional payments. The realtors were worried...
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John M. Corcoran Nabs Apartments in Cambridge’s Central Square
Walker & Dunlop Capital Markets arranged the sale and financing of 929 MASS, a mixed-use, two-building property located in Cambridge’s Central Square. The team of Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason and Maggie McFarland executed the $53.6-million sale on behalf of an institutional seller. Concurrently, Andrew Gnazzo and Mike Darling secured acquisition financing for John M. Corcoran & Company (JMC), arranging a...
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Marcus & Millichap Brokers Sale of Eight-Property Portfolio in Maryland
Marcus & Millichap completed the $2.6 million sale of Arcadian House, a 28-unit multifamily property in Bladensburg, Maryland. “These buildings were built, operated and cared for by the same family for decades, and this marks the first time they have ever traded hands,” said Ryan Murray, associate director of investments. “Coordinating sales to three separate...
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$48M Multifamily Sale Completed in Downtown Seattle
JLL has arranged the $47.76 million sale of ArtHouse, a 139-unit multifamily property in Seattle’s Belltown neighborhood. JLL Capital Market’s Investment Sales and Advisory team, representing the seller, was led by Senior Managing Directors David Young and Corey Marx and Senior Director Chris Ross. ArtHouse, located at 2334 Elliott Ave. in Belltown, Seattle’s most densely populated...
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CEDARst Starts Work on $82M LV Apartment Project
CEDARst Companies broke ground on The Presley, an $82 million multifamily project located in the heart of the Las Vegas Medical District. Designed by Booth Hansen with OS Construction as general contractor, the seven-story, 275,000-square-foot community is scheduled to deliver in 2028 and will introduce 236 new residences. The project is being financed by a...
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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