News
JLL Arranges Sale of The DECO Apartments in Minnesota
JLL has secured the sale of the DECO Apartments, an 89-unit, multifamily property located in Shakopee, Minnesota’s historic downtown district. JLL worked on behalf of the seller, Enclave. The buyer was LouMin Holdings, a local multifamily real estate investment firm. The DECO, located at 129 Holmes Street S., offers residents a luxury living experience in an...
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EYA Appoints Robin Bettarel to Lead MF Growth, Infill Development
Washington, D.C.-based EYA LLC announced that Robin Bettarel has joined the company as Head of Multifamily. Bettarel’s hiring follows EYA’s efforts over the past few years to expand its successful urban townhome business by developing a robust market-rate and mixed-income multifamily rental pipeline, totaling more than 2,000 units in the DMV. With over two decades...
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Plymouth Housing Completes $18M Renovation of Historic Seattle Apartments
Plymouth Housing has completed the $18.4 million renovation of Seattle’s Pacific Apartments, a 110-year-old historic multifamily property located at 317 Marion St. Built in 1915 as a single-room occupancy hotel, here tenants had private bedrooms and shared bathrooms. The Leamington Hotel and Apartments was designed to house travelers and transient workers. It was later designated...
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Essex Three-Twelve Closes Three Properties in Northside Chicago
Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC., recently closed the sale of three properties located in the North Side of Chicago at 1118 N. Oakley Blvd., 6509 W. Higgins Ave., and 1836 N. Central Park Ave. In Ukrainian Village, 1118 N. Oakley Blvd. is a fully renovated six-unit property, offering a turnkey investment with modern...
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Walker & Dunlop Secures $27M for Assisted Living Facilities in OR, WA
Walker & Dunlop has secured two HUD loans totaling $27.2M for assisted living facilities in Oregon & Washington. Walker & Dunlop’s Capital Markets team, led by Kevin Giusti, Daniel Barone, Tony Cassie and Sam Thompson, arranged the refinance utilizing HUD Section 232/223(f) loans. The properties include Battle Creek, a residential community that supports individuals with...
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Amid Housing Shortage, SoCal Apartment Rents Expected to Continue Rising
This year’s University of Southern California Lusk Center for Real Estate: Casden Real Estate Economics Forecast predicts rent increases throughout Southern California for the next two years. Projected average annual rent growth ranges from a low of 0.64% in Los Angeles County to a high of 2.52% in Orange County. The annual report also flags emerging macroeconomic...
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ASU Student Housing Complex Trades for $125M
Park Place Tempe, a 285-unit student housing complex near Arizona State University, was acquired by StonePeak for $125 million. The Phoenix Business Journal reports the seller was Park7 Group, an investor that also owns a student housing project in Flagstraff. The Tempe off-campus housing complex was built in 2020 on about 4 acres of land...
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New Braunfels Okays Incentives for Downtown Mixed-Use Project
The New Braunfels City Council approved $2.2 million in sales tax incentives for The Neue, a four-story $28 million mixed-use building at the corner of West San Antonio Street and Guenther Avenue. The San Antonio Business Journal reports the building will include 43 condominium residences above roughly 5,000 square feet of ground-floor retail and office space. It...
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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