News
Former iPro Realtors Object to Compensation-Contract Terms
Former iPro Realty brokers due outstanding commission payments are balking at language in settlement agreements offered by the Real Estate Council of Ontario’s insurance provider, The Globe and Mail reported. The realtors are worried that the agreement contains clauses that will deprive them of full repayment later, according to the Globe. Nayaki Penumarthy, one of...
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The State of CRE: Berkadia Experts Review 2025 and Forecast a Busy 2026
Asked to sum up 2025 in three words, Berkadia Senior Vice President – Head of Investment Sales Mike Miner responded, “bumpy, busy, basics.” He clarified that “basics” in this context refers to economic basics: the law of supply and demand, which will continue to be a factor going into 2026. His Berkadia colleague Josh Bodin,...
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Slate, Breaking Ground Acquire Stewart Hotel; Will Become Affordable Complex
Slate Property Group and nonprofit Breaking Ground have completed the $255-million acquisition of the Stewart Hotel at 371 Seventh Ave., across from New York Penn Station in Midtown Manhattan. A hotel-to-residential conversion project to deliver 579 permanently affordable apartments will be developed and built by Slate, and upon completion will be owned and operated by Breaking Ground. Construction is set to...
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JLL Arranges $142M Sale of Luxury Apartments Near Seattle
JLL has completed the $142 million sale and $83.177 million acquisition financing for Alexan Access, a newly constructed 383-unit luxury apartment community in Lynnwood, Washington. JLL represented the seller, Trammell Crow Residential, in the transaction with Bell Partners as the buyer. Additionally, JLL arranged the financing for the acquisition through Fannie Mae. JLL Capital Market’s...
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Waterton Buys Again in Woodland Hills’ Warner Center
Chicago-based Waterton has acquired the Motif apartment community as part of its core investment strategy. Motif is a 395-unit rental community at 21021 Erwin St. in Woodland Hills, located in the Warner Center master-planned community and less than five minutes south of The Kitt at Warner Center, which Waterton acquired in July. Waterton will rebrand the property...
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Greystar Tops Off Fifth Rental Project in Everett’s Commercial Triangle
Greystar has topped off construction of a new 416-unit apartment community in Everett, MA. Juniper, located at 1690 Revere Beach Pkwy, is Greystar’s fifth residential development in Everett’s Commercial Triangle District and its second at 1690 Revere Beach. Construction began in the summer of 2024 and is projected to wrap up in mid-2026. Building amenities of the...
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$867M Financing on 111 Wall St. Sets New High for Office-to-Residential Conversions
Walker & Dunlop, Inc. arranged a $778.6-million construction loan to facilitate the office-to-residential conversion of 111 Wall St. in Lower Manhattan’s Financial District. The closing of this financing reportedly marks the largest single-building office-to-residential conversion loan in New York City history and the country. Walker & Dunlop also advised on the extension of an existing $88.4-million...
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Cottonwood Communities Finalizes RealSource Acquisition
Cottonwood Communities, Inc., a non-traded multifamily REIT, and RealSource Properties, Inc., a private owner of an 11-property, 3,565-unit apartment portfolio, have finalized Cottonwood’s acquisition of RealSource in a private stock-for-stock and unit-for-unit merger transaction valued at approximately $500 million. The acquisition increases the gross asset value of Salt Lake City-based Cottonwood’s portfolio to $2.6 billion,...
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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