News
BH, PEBB Close on $90M Loan for Boca Raton Mixed-Use Project
BH Group and PEBB Enterprises closed an $89.88 million financing transaction for The Eclipse, a mixed-use redevelopment, in Boca Raton (formerly known as the Office Depot headquarters). The new loan is provided by City National Bank, with Abanca as the participant. The project encompasses over 405,000 square feet of existing office space across two buildings,...
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Long-awaited St. John Department Store Redev Quickly Becoming Apartment Property
A long-awaited Woolworth’s department-store redevelopment in Saint John, N.B., is quickly being turned into a multi-family rental asset, CBC reported. Once a global retail mainstay, Woolworth went out of business in Canada in 1994 as its operations were sold to Walmart. Many other redevelopment projects have failed to come to fruition since the building was...
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BH Adds 350-Unit Pflugerville Asset to Texas Portfolio
Haven Housing, the multifamily and affordable housing platform of BH Properties, acquired The Dalton, a 350-unit, Class A garden-style apartment community in Pflugerville, Texas. The seller, TerraCap Management, was represented by Kevin Dufour with Walker & Dunlop. At the time of acquisition, the property was 94.3% occupied. Built in 2022, The Dalton comprises 14 three-story...
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MMCC Arranges Financing for Well-Located San Diego Multifamily
Marcus & Millichap Capital Corporation (MMCC) arranged $3,590,000 in financing for a 12-unit multifamily property located at 3531 Florida St. in San Diego. Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the financing with a national bank on behalf of a private client. The loan features a fully amortizing 30-year term with three...
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Northern NJ Portfolio Secures $62M Freddie Mac Financing
JLL Capital Markets arranged the $62-million financing for the Tower Management Portfolio, a five-property, 541-unit multifamily portfolio across the New York tri-state area. Senior managing director Thomas Didio, managing director Thomas E. Didio, Jr., director Gerard Quinn, associate Michael Mataras and analyst Christian Badalamenti represented the borrower, Tower Management Service. Four of the portfolio’s assets are located in New Jersey, anchored by...
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Nauset Construction Completes Natick Mixed-Use Redevelopment
Nauset Construction recently completed the transformation of the former St. Patrick’s School in Natick, MA into a mixed-use development with 46 apartments, 12,000 square feet of retail and four for-sale duplex homes. Located at 45 E. Central St., within walking distance of the Natick Center Cultural District, the project was developed by the Natick-based Stonegate Group. “We are thrilled...
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Canadian Housing Starts Post 3% YoY Decline in October
Housing starts in Canadian major markets fell 3% year-over-year in October, says a new report from the Canada Mortgage and Housing Corporation. Actual housing starts in centres with populations of 10,000 or more fell declined to19,174 units recorded compared with 19,763 in October 2024. Among Canada’s largest cities, Montreal saw a 104% increase driven by...
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$152M Secured by Merchants Capital for Affordable Housing in Columbus
Merchants Capital announced $152.3 million in total financing for The Aries Lofts, a 315-unit affordable housing community in Columbus, Ohio, developed by LDG Development, LLC. The financing secured by Merchants Capital includes a $42.7 million Freddie Mac Forward TEL permanent loan, a $60 million tax-exempt construction loan, an $8 million equity bridge loan provided by...
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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