News
$200M Construction Loan Goes to Gowanus Luxury Apartments
Affinius Capital LLC has originated a $200-million construction loan for 200 Douglass, a Class A multifamily property located in the Gowanus neighborhood of Brooklyn. The loan was made to Midwood Investment & Development, a leading New York-based developer, owner, and operator led by John Usdan. arranged the financing. David Greenburg, Affinius managing director and co-head...
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Boston Extends Office-to-Residential Conversion Program
The City of Boston’s Office to Residential Conversion Program has been extended ahead of its scheduled expiration at the end of this month. The program, which formally launched in October of 2023, has received 22 applications to convert 1.2 million square feet of office space across 27 buildings into 1,517 new homes, including 284 income-restricted...
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Colliers Brokers Sale of 409-Unit MF Property in Virginia
Colliers has completed the sale of Misty Ridge, a 409-unit garden-style apartment community located in Woodbridge, Virginia. Will Mathews, Thomas Leachman, and Chandler Pace represented the seller, Capital Square, a diversified real estate management, operation, and development firm. “Misty Ridge stands as a prime example of strategic investment in one of Northern Virginia’s fastest-growing submarkets,”...
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Cushman & Wakefield Arranges $17M Sale of Seattle Apartments
Cushman & Wakefield has arranged the sale of Greenlake Terrace Apartments, a 48-unit multifamily community built in 1986 and located at 7415 5th Ave NE in Seattle’s Green Lake neighborhood. The property sold for $16.5 million. Cushman & Wakefield’s Matt Kemper, Tim McKay, Dan Chhan, Jacob Odegard, Dylan Roeter and Byron Rosen represented the seller,...
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Peakline Real Estate Funds, LPC Break Ground on Naperville BTR Development
Peakline Real Estate Funds, in partnership with Lincoln Property Company, celebrated the official groundbreaking of The Claire, a 90-unit build-to-rent townhome community in Naperville, Illinois. The Claire is Naperville’s first build-to-rent development, and the project will offer 34 two-story townhomes and 56 three-story rowhomes. The Claire is the second investment within Peakline’s Build To Rent...
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Shuttered Denver Hospital Trades for $60M
E5x Management Inc. purchased the former Intermountain Health Lutheran Hospital campus for $60 million with plans to develop a mixed-use project. Lutheran Hospital built a new $650 million facility at 12911 W. 40th Avenue in Wheat Ridge; the location at 8300 W. 38th Avenue is now vacant. The Denver Business Journal reports E5x plans to develop...
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Hotel, Apartments Taking Place of Iconic San Antonio Diner
A major mixed-use project may soon replace the building where the historic Pig Stand diner once thrived in San Antonio. GrayStreet Partners wants to build 100 multifamily units per acre, a hotel taller than 35 feet and food and beverage operations. At 0.372 acres, that would allow for up to 37 apartments. After the Pig Stand...
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Work Underway on $750M Plano Mixed-Use Development
Construction has begun on the first phase of Haggard Farm, a $750 million mixed-use project in Plano. It will feature 100,000 square feet of retail space, 350 residential units, 188 townhomes, and recreational uses. Stillwater Capital Investments LLC started site work in 2023. The Dallas Business Journal reports vertical construction on the retail buildings is expected...
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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