News
Landau Properties Secures Site, Financing for Brooklyn Heights Mixed-Use
Landau Properties, in partnership with the Mizrachi family’s Third Millennium Group and Midtown Equities, has closed on the purchase of 205 Montague St. in Brooklyn Heights. As part of its pre-development financing for the ground-up mixed-use project, the partnership secured a $113-million senior loan from Northwind Group and $100 million in equity, including $25 million in preferred equity from Atlas...
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CBRE Arranges Sale of $30M Milwaukee Multifamily Portfolio
CBRE has arranged the sale of a four-property, 358-unit multifamily portfolio located in Milwaukee. Brookfield, Wisconsin-based Coachlight Communities LLC purchased the portfolio from Milwaukee-based Metropolitan Associates for $29.65 million. CBRE’s Matson Holbrook, Gretchen Richards, Sean Beuche and Patrick Gallagher represented the seller in the transaction. The portfolio includes four garden-style properties totaling 358 units located...
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Maverick Commercial Mortgage Closes $14M Loan for Evanston MF
Maverick Commercial Mortgage, Inc. closed a $13.55 million ground-up stretch senior construction loan provided by a Midwest-based debt fund for the owner and developer of a to-be-built 30-unit multifamily apartment building in Evanston, Illinois. The borrower acquired the site, previously a parking lot, in 2024. The borrower upzoned and permitted the property over the last...
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Benchmark Senior Living, National Development Acquire Vermont Community
A joint venture of Benchmark Senior Living and National Development acquired The Village at White River Junction in White River Junction, VT. Benchmark will operate the 80-apartment assisted living and memory care community located near the New Hampshire border. The sale price was not disclosed. Financing was provided by M&T Bank. Benchmark also operates six communities throughout New...
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Lument Closes $30M Refinance for Baltimore Affordable Housing Property
Lument has closed a $30 million Freddie Mac Targeted Affordable Housing unfunded forward commitment for the refinance and rehabilitation of Townes at the Terraces, a 202-unit townhome apartment community in Baltimore, Maryland. Lument’s Joshua Reiss, director based in New York City, led the transaction for the borrower, the Housing Authority of Baltimore City. “Partnering with...
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Northmarq Facilitates $27M Refi for Chicago Luxury Apartments
Northmarq’s Chicago Debt and Equity team, led by Managing Director Kevin McCarthy, arranged the approximately $27 million refinance of Madison Throop Place, a 72-unit luxury apartment community located at 1247 West Madison Street in Chicago. Northmarq arranged financing on behalf of Breneman Capital through the firm’s in-house Fannie Mae DUS platform. The transaction was structured on...
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Second Multifamily Building Breaks Ground at Suffolk Downs
The HYM Investment Group, Cathexis Holdings, LP, the City of Revere, Related Fund Management and Suffolk broke ground on Portico, the second multifamily building at Suffolk Downs. The 473-unit project marks continued momentum for the 161-acre Suffolk Downs redevelopment, which is expected to deliver 10,000 homes across Revere and East Boston. A 2028 completion date is...
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Mixed-Use Project, Sports Stadium Planned for Onetime Fiesta Mall Site
Fiesta Mall was once the focal point of the Mesa community. But it fell on hard times and it’s been demolished. All that’s left is dirt and debris. A group of new developers is hoping to capitalize on the 80-acre vacant parcel’s infill location and build a massive mixed-use project that could include a professional...
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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