News
Calgary City Council to Scrap Blanket Rezoning Bylaw
Calgary’s new city council has begun the process of scrapping a controversial blanket rezoning bylaw approved by the previous regime. Councillors voted 13-2 in favour of launching an amendment process expected to conclude in spring 2026. Only four members of that council retained their seats in the October municipal election following bylaw’s approval. Councillor Andre...
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NYC HPD Chooses Development Team for Vacant Inwood Waterfront Site
Slate Property Group, Xenolith Partners, and Comunilife Inc. will develop their proposal La Ostra, turning a currently vacant site in Inwood into a new development with more than 600 affordable homes, the New York City Department of Housing Preservation and Development (NYC HPD). The team was chosen in response to an NYC HPOD request for proposals....
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Colliers Completes Sale of 134-Unit Minnesota Apartments
Colliers announced the sale of Venue Apartments, a 134-unit Class A multifamily community located at 54 West 78th Street in Chanhassen, Minnesota. The sale was led by the Colliers team of Executive Vice Presidents Mox Gunderson, Dan Linnell, and Adam Haydon, as well as Associate Vice President Devon Dvorak, who represented the seller, Minnesota-based Roers...
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Oaktree Lends $125M on Downtown Glendale Apartments
JLL Capital Markets said Tuesday it had secured a $125-million financing for TenTen Campus, a newly built 228-unit Class A multifamily asset located in downtown Glendale. Senior managing director Chris Gandy and directors Ethan Habecker and Max Mraz represented the borrower, Amidi Real Estate Group, in securing a loan through Oaktree Capital Management. The property is...
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MSC Chosen for $160M Federal Way Housing Project
Sound Transit recently selected MSC to develop 230 affordable apartments in downtown Federal Way. MSC and its housing development partner, Shelter Resources Inc., will develop the multifamily property adjacent to the Federal Way Downtown Station. “MSC is honored to be chosen for this project as we continue to advance our mission in building affordable housing...
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Berkshire Residential Pays $122M for Newly Constructed Plymouth Multifamily
Locally based Berkshire Residential Investments has paid $122 million for a newly constructed, 260-unit apartment property in Plymouth, MA, reported the Boston Business Journal. Hanover Co., based in Houston, opened the property, which overlooks two holes on the Pinehills Golf Club’s Rees Jones course, last year. It has now been rebranded as Berkshire at the...
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Aimco to Sell Chicago Multifamily Portfolio for $455M
Apartment Investment and Management Company (Aimco) has entered into a definitive agreement to sell its portfolio of seven apartment properties, including 1,495 units, located in the Chicago market for $455 million. The deal is part of the Denver-based company’s plan to liquidate over the next year. Los Angeles-based LaTerra Capital Management and Fort Lauderdale-based Respark...
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Security Properties Buys Denver Asset for Second Time
Security Properties acquired the Rosemont West 84th apartment complex, at 1327 W. 84th Ave., in Federal Heights, earlier this month for $51 million. The Denver Business Journal reports Security Properties previously acquired the 300-unit community for $46.5 million in 2017, before selling it for $76 million in 2021 to Investcorp. The company said it re-acquired...
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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