News
MassHousing Provides Funding for Affordable Condos on Cape Cod
MassHousing has provided $10 million in CommonWealth Builder (CWB) financing to the nonprofit Housing Assistance of Cape Cod for the development of Cornerstone Homes in Hyannis, which will deliver 46 new condominium units for purchase by moderate-income, first-time homebuyers and four units that will be used for rental housing. The 50 new condo units will be developed in...
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Step Up Housing Acquires 260-Unit Vallejo Affordable
Sack Capital Partners and Align Finance Partners closed on structured financing for Step Up Housing’s $57-million acquisition of Bay Village Apartments at 107 Porter St. in Vallejo. Sack will also provide asset and property management for the 260-unit affordable asset. “We are committed to maintaining the unusually high quality of this affordable asset, a significant addition to our expanding...
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SVN Chicago Commercial Closes Chicagoland Multifamily Sale
SVN Chicago Commercial has closed the sale of an 11-unit, 7,975-square-foot garden-style multifamilybuilding at 17 N. Hillside Avenue in Hillside, Illinois. The asset sold for $1.26 million. “This was a difficult transaction, but it ultimately closed due to the hard work of an experiencedteam,” said Spero Adamis, who represented the seller. Working alongside a colleagueand...
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CBRE Completes Sale of 204-Unit Multifamily in Minnesota
CBRE has arranged the sale of Livery, a 204-unit multifamily property in Lakeville, Minnesota. Texas-based RPM Living Investments purchased the property from the Indiana-based Garrett Companies for an undisclosed amount. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller in the transaction. “Livery saw significant interest from capital, as core suburban assets continue...
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GFP Selected for Residential Conversion of City-Owned 100 Gold St.
The Adams administration has selected GFP Real Estate to redevelop 100 Gold St., a city-owned office building in Lower Manhattan, into a mixed-income residential property. The redevelopment plan calls for GFP to build approximately 3,700 units of high-quality, mixed-income housing, with at least 25% permanently affordable, along with a fitness center, an upgraded older adult...
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Ethos Commercial Advisors Arranges $22M Financing for Salem MF
Ethos Commercial Advisors secured construction financing for The Citizen, a 105-unit multifamily property spanning 64,397 square feet in Salem, Oregon. Located in the heart of downtown, The Citizen provides proximity to major employers in the state’s capital, including the State of Oregon and Salem Health. The project broke ground shortly after closing and is expected...
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Investor Duo Closes on $42M Refi for Dallas Townhomes
Mesa West Capital provided a joint venture between Knightvest Capital and TPG Angelo Gordon with a $42 million first mortgage loan for the acquisition and renovation of a 149-unit townhome community in Dallas. The five-year, non-recourse loan is secured by Perry Row, a multifamily townhome community located at 6044 E. Lovers Lane in Northeast Dallas, approximately...
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Crescent Building Decatur Apartment/Retail Venture
Crescent Communities purchased a 4.1-acre site in DeKalb County to build a six-story apartment community as part of Lulah Hills, a mixed-use development going up at the former North DeKalb Mall location just northeast of Decatur. The Atlanta Business Chronicle reports the community, called NOVEL Lulah Hills, will feature 303 multifamily units offering studio, one-, two- and...
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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