News
309-Unit Waterfront Community in Madison Celebrates Grand Opening
Clarion Partners, Vermilion Development, and Quartz Lake Capital recently hosted a ribbon-cutting event at the newly opened multifamily community, The Duncan, at 1625 Lock Lane in Madison, Wisconsin. Located on approximately 8.2 acres along Madison’s Isthmus, the 309-unit property offers lakeside living with proximity to downtown Madison. The Duncan includes studio, one-, two-, and three-bedroom...
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Investor Pays $15M For Nebraska Apartment Community
Dakota Pointe, a 143-unit multifamily property in the south end of South Sioux City, Nebraska, sold for $15.3 million, or approximately $107,000 per unit. Greysteel represented the seller. Both the buyer and the seller are private investors based in South Dakota. The property drew multiple offers, and the closing structure met the seller’s timing requirements...
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Decron Pays $144M for Miracle Mile Apartments
Los Angeles-based Decron Properties has made its first acquisition in nearly two years, paying $144 million for an apartment complex along LA’s Miracle Mile. Decron bought 5550 Wilshire Blvd., a 163-unit complex, from Boston-based GID, which acquired the property in 2023, LA Business First reported. JLL’s Blake Rogers represented the seller and buyer. Developed in...
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Northcrest Takes 43 Acres At YZD To Market As Development Moves Into Build Phase
Northcrest Developments is taking a 43-acre employment block at Toronto’s YZD to market as the 370-acre redevelopment of the former Downsview Airport lands shifts from years of planning into construction. PSP Investments acquired the site from Bombardier for $825M in 2018 and created Northcrest to oversee its redevelopment. The former airfield is planned as a...
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JLL Arranges $113M for Mag Mile Office-to-Residential Conversion
JLL arranged $113 million in construction financing and joint venture equity for 500 North Michigan Ave. on behalf of Commonwealth Development Partners. The project is currently underway and will involve a 25-story office-to-residential conversion delivering 320 luxury apartments in Chicago’s Magnificent Mile district. The adaptive reuse project will feature 253,024 square feet of space comprising...
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NFL Team Owner Building 504-Unit N. Phoenix Apartment Project
Garden Communities plans to develop a 504-unit apartment community near Desert Ridge Marketplace in north Phoenix. The Phoenix Business Journal reports the Wilf family, owner of the Minnesota Vikings football team, owns the property. The property is adjacent to Vestar Development Co.’s 1.2 million-square-foot Desert Ridge Marketplace and JW Marriott Phoenix Desert Ridge Resort and...
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Troubled 7-Year-Old $31.3M Langford Tower Now Set For Demolition
Centurion plans to demolish RidgeView Place, a seven-year-old rental tower at 2770 Claude Rd. in Langford, B.C., after years of structural problems, two evacuations and more than $5M spent on repairs. The 11-storey, 90-suite building opened in 2019 as Danbrook One and was acquired by Centurion that August for $31.3M, or $347,778 per suite. By...
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KCG Snags Financing for 260-Unit Mesquite Senior Housing Community
KCG is moving forward on a $78.45 million senior housing community in Mesquite. Walker & Dunlop has closed approximately $30 million in Low-Income Housing Tax Credit (LIHTC) equity as part of Avanti Hills, a 260-unit affordable senior housing community under development in Mesquite, Texas. Avanti Hills is being developed by KCG Development as a joint venture partnership with The...
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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