News
Goldman Sachs Provides Nearly $200M for Jersey City Mixed-Income Tower
JLL Capital Markets advised on the roughly $200,000,000 structured capitalization and forward Freddie Mac commitment for Lions Group’s Homestead Gateway, a 34-story mixed-income residential tower that will deliver the first affordable housing units to Jersey City’s Journal Square neighborhood in years. The Urban Investment Group at Goldman Sachs Alternatives provided a multi-tranched capital solution of...
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Kiser Group Brokers Sale of Andersonville Courtyard MF Property
Kiser Group closed the sale of a 28-unit courtyard apartment building located at 5553–59 N. Magnolia in Chicago’s Andersonville neighborhood. The property sold for $7.8 million and was represented by Kiser Group brokers Jacob Price and Katie LeGrand. The building features 23 one-bedroom units and five two-bedroom duplex units, all renovated in 2015 with modern...
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Sunnyvale Luxury Apartments Trade for Reported $143.5M
Colliers arranged the sale of 1250 Lakeside, a 250-unit luxury multifamily community located in Sunnyvale, near the corporate headquarters of Apple, Meta, Alphabet and Nvidia. Peter Nicoletti and Will Mathews represented the seller. According to published reports, the buyer was Essex Property Trust, which paid $143.5 million to acquire the property from Singapore-based City Developments...
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Distressed NYC Affordable Landlords Need $1B Financing to Avoid Default
The incoming mayoral administration will need to fund a $1-billion financing program for affordable housing projects at risk of default to restructure debt, the New York Housing Conference (NYCH) said. The financing program is one of a series of policy reforms the conference recommends to address the “alarming” share of New York City affordable properties...
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Town Lane, Kelly Sheehy Partner on Seniors Housing Platform
Town Lane and seniors housing veteran Kelly Sheehy have launched a new platform, Arcole, to pursue value-add and opportunistic seniors housing opportunities across the U.S. This platform represents a continuation of Town Lane’s strategy within seniors housing, which to date has seen six properties totaling nearly $300 million closing or under contract through four separate...
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ColRich Spends $77M on 332-Unit Phoenix Apartment Community
ColRich acquired Camden Copper Square Apartments for $77 million. The 332-unit rental community is at 901 E. Van Buren. The seller, Camden Property Trust, was represented by CBRE. Matt Pesch and Sean Cunningham, Austin Groen and Asher Gunter, negotiated on behalf of the seller. Trevor Breaux and Troy Tegeler of the CBRE Debt & Structured Finance practice arranged financing for the...
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SA Hotel Converting to 220 Apartment Units
The San Antonio Housing Trust is working with GoodHomes Communities to convert an urban core hotel to residential use. The San Antonio Business Journal reports the team wants to convert the Sonesta ES Suites at 425 Bonham to The Whitney, a 220-unit apartment complex. The Housing Trust is launching a targeted effort to acquire and convert extended-stay...
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Developer Duo Closes $418M Financing for Sunny Isles Condo Towers
Fortune International Group and Chateau Group secured a $418.3 million construction loan for the St. Regis Residences, Sunny Isles Beach condo towers. Bank OZK was the lender. The St. Regis will be the tallest building in Sunny Isles Beach at 750 feet in 62 stories. The South Tower will have 175 condos and the North...
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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