News
Greenberg Gibbons Breaks Ground on $500M Mixed-Use in Richmond
Greenberg Gibbons recently broke ground today on Midtown64, a $500 million, 46-acre mixed-use destination in Henrico County, located just outside of downtown Richmond, Virginia, on the former Genworth Financial headquarters campus. Hospitality industry leader Shamin Hotels is a joint-venture partner in the project. The two-million-square-foot, mixed-use development will include up to 130,000 square feet of...
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Horizon House Set to Break Ground on 33-Story Tower in Seattle
Horizon House is set to break ground on its new 33-story West Tower, adding 202 independent-living residences to its campus in Seattle’s First Hill neighborhood. Horizon House will turn the existing West Wing property over to Andersen Construction this month to start the demolition process before an official groundbreaking ceremony. The long-planned, fully funded West...
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CEDARst Acquires Logan Square Multifamily for $35M
CEDARst Companies has completed the $34.6 million acquisition of The Weyland, a seven-story, 132-unit multifamily community at 1980 N. Milwaukee Avenue, positioned between Chicago’s Bucktown and Logan Square neighborhoods. Delivered in 2018, the property features 6,245 square feet of ground-floor retail and a mix of Class A amenities, including a fitness center, dog run, and...
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Cortland Offloads Denver Rental Community for $70M
Cortland sold the Cortland Cap Hill apartment building at 1200 Grant St. in Denver to Hill Street Realty for $70 million. The Denver Business Journal reports the new sale price represents a 20% decrease compared to four years ago, when Cortland bought the building. The company purchased the property for $84.25 in 2021. Cortland Capitol...
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$80M Charlotte-Area Rail Line Apartment Project Gets Green Light
The Huntersville Board of Commissioners is allowing Peak Development to rezone 21.3 acres at 17220 Old Statesville Road for Station South, a 348-unit residential community with around 25,000 square feet of commercial space. Station South calls for more than $80 million in total investment. The Station South site is along the proposed Red Line commuter...
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Greenville Apartment Owner Obtains Refi on 3-Project Portfolio
Affordable Upstate has recapitalized three Greenville apartment projects. The refinancing covered over 598 units. JLL Capital Markets secured a $59 million loan for the cross-collateralized cash-out refinancing of Paris Park (shown), Terrain at Haywood and Mauldin Meadows. JLL arranged the three-year interest-only loan through Truist Bank. Since acquisition, Affordable Upstate has invested over $13.6 million in capital...
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Jax Providing Incentives for $148M Apartment/Retail Venture
Jacksonville, via The Downtown Investment Authority, has approved a public-private partnership package that advances plans for the N7 block of Pearl Square, being developed by Gateway Jax. The package supports the creation of a $148 million high-rise project, located at 119 Beaver Street, that will deliver a full-service Publix grocery store and an apartment complex...
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Starlight Western Canada MF Funds Complete Consolidation
Starlight Western Canada Multi-Family (No. 2) Fund and Starlight Western Canada Multi-Family Limited Partnership have completed the consolidation of their assets into a single investment platform valued at approximately $639.4 million. The two funds are controlled by Toronto-based Starlight Group, an integrated real estate investor, developer and manager that specializes in rental-apartment assets. “Today marks...
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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