News
Evergreen Devco Adding 222 Units to Phoenix-Area Stock
Evergreen Devco has broken ground on The Homestead at Lehi, a $62.5 million project at 2261 E. McDowell Road in Mesa. The 222-unit, three-story garden-style property will feature one- and two-bedroom units averaging 922 square feet. The development will include amenities such as a spa, fitness center, dog park, pet spa, co-working lounge, electric vehicle...
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Lincoln Picks Up 12-Project Property Management Deal
Lincoln Property Company expanded its national partnership with Agellan Commercial REIT, assuming property management responsibilities for 12 Houston-area properties totaling 1.52 million square feet and encompassing a mix of industrial, office and flex space. The new assignment follows Lincoln’s transition of Agellan’s Chicago portfolio earlier this year. “The success of our Chicago transition proved how well our teams align on operations,...
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High Street-Led Team Moving Ahead on 308-Unit Norterra Rental Community
High Street Residential (HSR) and joint venture partners Mar-Gulf Management Inc. and MDI Capital, broke ground on Union Park Residences in Phoenix’s Norterra master-planned development. The 308-unit, four-story, Class A community will sit on 8 acres and is expected to be completed by the fourth quarter of 2027. Located at 2215 W. Union Street in northern...
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Stratus Offloads Austin Retail Space for $57.5M
Stratus Properties Inc. (NASDAQ: STRS) completed the sale of its 100% owned, stabilized Lantana Place-Retail project for $57.5 million in cash. The sale generated pre-tax net cash proceeds of approximately $26.9 million, after selling costs and payment of the project loan. Lantana Place – Retail was part of Stratus’ partially developed, mixed-use Lantana Place project...
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Fannie, Freddie Multifamily Loan Caps Boosted to $88B Each for 2026
U.S. Federal Housing (a/k/a the Federal Housing Finance Agency) has set the 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac at $88 billion for each GSE, with a combined total of $176 billion to support the multifamily market. The 2026 caps represent a $15-billion increase from the $73-billion cap set for Fannie and...
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South Lake Union’s Borealis Apartments Fetch $15M
Borealis Apartments, a 53-unit property located at 109 Dexter Avenue in Seattle’s South Lake Union neighborhood, has sold for $15.5 million. Dylan Simon, Jerrid Anderson and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews served as the exclusive brokers, representing the seller and sourcing the buyer. Built in 2008, Borealis features...
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Greenstone Partners Closes Nearly $25M in Chicago Multifamily, Retail Deals
Greenstone Partners has completed three transactions in the Chicago area, totaling nearly $25 million across the multifamily and retail sectors. The deals included the $18.15 million sale of Block Belmont, a newly constructed, fifty-four-unit multifamily property. Greenstone represented the seller, a Chicago-based developer, and also procured the purchaser, a private local 1031 exchange buyer. The...
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Northmarq Secures $20M Sale, Financing for Milwaukee Apartments
Northmarq’s Midwest Multifamily Investment Sales team of Alex Malzone, Parker Stewart, Dominic Martinez and Jake Lamb arranged the $19.8 million sale of Lofts at Layton, a 150-unit garden-style apartment community located at 4602 S. 20th Street in Milwaukee, Wisconsin. Northmarq represented the seller, a small group of local investors. Northmarq’s Debt + Equity team, led...
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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