News
Bronx Apartment High-Rise Scores $32M Construction Take-Out
Berkadia secured a $32.4-million construction take-out loan for The Riverdale Tower, an 89-unit residential high-rise in the Bronx. Senior director Matt Nihan arranged the financing on behalf of the developer, Stagg Group, reportedly the largest owner and operator of quality, affordable housing in the borough. Berkadia provided a fixed-rate loan via Freddie Mac with a 10-year term....
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Northmarq Lines Up Construction Loan for Garden-Style San Diego Apartments
Northmarq’s San Diego Debt + Equity team, led by Aaron Beck, Bryce Quezada, Conor Freeman and Wyatt Campbell, arranged a $66.15-million construction loan for Palm & Hollister Apartments, a proposed 198-unit garden-style multifamily community located at 555 Hollister St. in San Diego. The team arranged the financing on behalf of Ambient Communities through Northmarq’s relationship with Genesis Capital. The transaction was structured with a three-year...
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Wingate Recapitalizes Dorchester Apartments with JPMREIT
Wingate Multifamily, LLC, an affiliate of Wingate Companies of Newton, MA, has completed the recapitalization of Baker Chocolate Factory Apartments in Dorchester through a joint venture with J.P. Morgan Real Estate Income Trust, Inc. Originally acquired by a Wingate affiliate in December 2024 primarily on balance sheet, the transaction was recapitalized with equity from JPMREIT....
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IPA Arranges $107M San Gabriel Valley Multifamily Buy
Institutional Property Advisors (IPA), a division of Marcus & Millichap serving the company’s institutional clients, arranged the sale and financing of Hills at Hacienda Heights, a 350-unit multifamily property in the San Gabriel Valley community of Hacienda Heights. The asset sold for $107 million, or $305,714 per unit. “We are excited to close our first transaction with Eagle Partners,” said Kevin Green, IPA executive...
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Mill Creek Breaks Ground on Second Medford Rental Complex
Mill Creek Residential said Tuesday it has broken ground on Modera Mystic, a mixed-use community in Medford, MA, a northern suburb of Boston. The podium-style community, which will include 350 rental units and 2,000 square feet of retail space, sits less than a mile west of fellow Mill Creek community Modera Medford, developed and delivered in...
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Hunt Capital Partners Reaches First Close on New Affordable Housing Fund
Hunt Capital Partners (HCP) completed the initial closing of its new affordable housing fund, Hunt Capital Partners Tax Credit Fund 52, securing $175.3 million to date, with the balance expected to close in the first quarter of 2026. Totaling $277.1 million, Fund 52 will help create or rehabilitate 1,540 affordable homes across 18 affordable housing...
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H&R Agrees to Sell $1.5B of Canadian, U.S. Retail and Office Assets
H&R has entered into binding agreements with multiple buyers to sell retail and office properties in Canada and the United States for a total price of $1.5 billion, the REIT announced Tuesday. The REIT expects the deals to produce net proceeds of approximately $1.1 billion, which will be used to repay corporate debt. Following the...
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Evergreen Real Estate Tops Off Seniors Apartments in Suburban Chicago
Chicago-based Evergreen Real Estate Group announced the topping-off of Leyden Senior Apartments, a four-story, 80-unit independent senior living community in Franklin Park, Illinois, in Chicago’s near-west suburbs. Located at 2506 N. Mannheim Road, Leyden Senior Apartments will offer 72 one-bedroom and eight two-bedroom residences, designed for seniors aged 62 or older, with incomes at or...
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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