News
Fourth Avenue Capital Expands Pacific Northwest Portfolio with Medford MF Acquisition
Fourth Avenue Capital has acquired Ridgewood, a 96-unit apartment community located in Medford, Oregon. The acquisition expands the firm’s portfolio to 28 properties, including 13 others in Oregon. Built in two phases between 2002 and 2004, Ridgewood was originally constructed as for-sale condominiums featuring 96 units across 13 residential buildings, along with a standalone leasing...
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Foxfield Divests One of Three Beverly Apartment Properties
Foxfield completed the sale of 50 Broadway in Beverly, a 45-unit apartment community and one of three assets within its Beverly Residential Portfolio. Buyer and sale price were not disclosed. Simultaneously, Foxfield completed a refinancing of the two remaining buildings in the Beverly portfolio, Enterprise and Burnham, totaling 83 units. Originally acquired in 2021 in partnership...
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City of Boston, Northeastern U. Forge Agreement on 10-Year Master Plan
The City of Boston and Northeastern University have reached agreements on an Institutional Master Plan (IMP) and Payment-in-Lieu-of-Taxes (PILOT), which include housing commitments and community benefits for the city and neighborhoods around Northeastern. The IMP enables eight new projects that the university plans to pursue over the next decade, including on-campus student housing, a long-planned redevelopment...
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Roosevelt Island Spurs Long-Term Planning Initiative, Master Lease Extension
New York state and city have reached a new conceptual agreement to extend the Roosevelt Island master lease by 10 years to 2078 and a separate agreement to begin a joint planning effort oriented around future development on the island. The outcomes of the planning and engagement work by the city, state and Roosevelt Island...
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Tempe Okays Apartments, Grocery Store on City-Owned Land
The Tempe City Council okayed Dorsey Station, a 400-unit development that is 90% affordable, as well as a site for a future shopping center. Urban Development Partners and Palindrome are codeveloping the property after being selected by the town to move forward with the project. The town bought the property in 2021 for $10.7 million....
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Accesso Granted Extension for Major Austin Mixed-Use Project
In 2020, Florida-based property owner Accesso Partners secured zoning to add 800,000 square feet of office space, 1,800 multifamily units, a 340-room hotel, and 80,000 square feet of retail space to 7700 Parmer, an Austin office campus that was already at 911,573 square feet. The Austin Business Journal reports Accesso said it filed to extend the permit,...
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HPI Starts Work on 396 FW Apartments, 433 More on Way
HPI Real Estate Services and Investments has broken ground on the first phase of a 55-acre project in northwest Fort Worth that will deliver 829 luxury apartments, townhomes, and detached cottages. Texas-based HPI has begun construction on 396 one-, two- and three-bedroom apartments that are expected to open to residents by early 2027. Zoning and site plan...
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Allied Group Delivers 400-Unit St. Pete Rental Community
Skanska has completed building a new 400-unit mixed-use community in St. Petersburg. The multifamily-led project will consist of an 8-story pre-cast building overlooking Boca Ceiga Bay. It will take the place of the onetime powerhouse Skyway Marina Mall. The project also includes a 95,000-square-foot self-storage facility, a 2,400-square-foot Fifth Third Bank, and a 4,500-square-foot restaurant. 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