News
Investor Group Closes Construction Loan for Dripping Springs 55+ Housing Project
North River Partners, Crestline Investors, Mutual of Omaha and Millennium Bridge announced the closing of a $54.0 million ground-up construction loan to finance the development of Serenova at Dripping Springs, a 175-unit independent living community in Dripping Springs, Texas. The project is being developed by Edison Equity Residential. Brownstone Group will serve as the general contractor. Serenova at Dripping Springs...
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Bow River Inks $53.9M Acquisition Loan for Northlake Apartment Sale
Newmark arranged $53.9 million in financing for the acquisition of Dry Creek Ranch, a 456-unit multifamily community in Northlake, Texas. Bow River Capital purchased the asset from Western Securities. Newmark’s Adam Randall, John Westby-Gibson and Drake Blodgett arranged the five-year, fixed-rate, full-term interest-only Fannie Mae loan on behalf of the Bow River. Located on approximately...
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Cushman & Wakefield Lands Palm City Development Marketing Assignment
Cushman & Wakefield has been selected by Mattamy Homes to market the multifamily development component in Downtown Newfield and the broader master-planned community’s Workplace District. It includes retail, flex and warehouse space, in Newfield, Mattamy’s master-planned community in Palm City, Florida. The marketing assignment is being led by Nikolaus Schroth and James McKinney of Cushman...
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Investor Team Scores $180M Refi for FIU Student Housing
Adam America Real Estate and JW Capital Management announced the $180 million refinancing of Terrazul, a student housing community adjacent to Florida International University (FIU) at 700 SW 107th Ave. in Sweetwater, Florida. The loan, provided by Corebridge Institutional Investment, will be used to pay off the property’s existing construction loan and provide cash-out proceeds to...
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Japanese Firm Acquires Upper West Side Apartments for $25M
Alchemy Ventures announced the sale of 310 W. 80th St., a 36-unit residential elevator building on Manhattan’s Upper West Side, to Japan-based Phoenix Co. Ltd. for $24.8 million. Alchemy originally acquired the property in February 2024 for $11.2 million, with the sale representing a significant increase from the company’s acquisition price after a gut renovation. Ian...
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Walker & Dunlop Arranges $86M Refi for Flushing Affordable Quartet
Walker & Dunlop arranged an $86,443,000 Freddie Mac refinancing of a 506-unit multifamily portfolio in the Flushing neighborhood of Queens. The loan was originated on behalf of Iris Holdings Group, a national affordable housing preservation and investment firm, and refinances the portfolio’s existing debt while supporting its long-term affordability. The Flushing Preservation Portfolio is comprised...
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Nuveen Green Capital Closes New Hampshire’s First C-PACE Financing
Nuveen Green Capital has closed on $23.2 million in C-PACE financing for the ground-up development of The Brickyard in Lebanon, NH, reportedly the first C-PACE transaction ever completed in the state of New Hampshire. The financing, administered through the New Hampshire Business Finance Authority under the state’s newly launched C-PACER Program, closed alongside a $31.5-million senior...
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Wentworth Tech Breaks Ground on Residence Tower for First-Year Students
Wentworth Institute of Technology has broken ground on the First-Year Tower, an 18-story, 240,450-square-foot residence hall that will house 972 students and bring the Boston university’s entire first-year residential class together in a single building for the first time. The $200-million project is the largest capital undertaking in Wentworth’s history. Designed to meet Passive House...
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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