News
Interra Realty Brokers $12M Sale of Suburban Chicago Multifamily
Interra Realty brokered the $12.18 million sale of Harlem Towers, a two-tower, 83-unit multifamily property in Elmwood Park, Illinois. The sale equated to $146,746 per unit. Interra Managing Partner Patrick Kennelly, Managing Partner Paul Waterloo and Director Nathan Zito represented the buyer, Pabcor Management, which is led by principals Ted Arvanitis, Gus Pablecas and Matt...
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$686M Construction Loan Secured for Four Seasons Las Vegas Residences
Four Seasons Private Residences Las Vegas secured $686 million in construction financing from J.P. Morgan, Sculptor Real Estate and Morning Calm Management Financing. This capital will fuel the vertical rise of the project. With 75% of its 171 residences already spoken for, the project has surpassed $700 million in sales. Suffolk is building the project along with MJ Dean. Residents can anticipate...
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Equus Offloads 245-Unit McKinney Multifamily Community
Equus Capital Partners completed the sale of McKinney Village, a 245-unit multifamily community located in McKinney, Texas. The sale was completed on behalf of Equus Investment Partnership XI, L.P. (“Fund XI”), a discretionary equity fund managed by Equus Capital Management Partners. Weidner Apartment Homes acquired the 245-unit community. The complex is situated within walking distance of McKinney’s...
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JPI Starts Work on 5th Texas Project This Year
JPI has broken ground on a $103.2 million, 415-unit multifamily development in Denton, Texas. Located at 3855 Hudsonwood Road, Jefferson Quail Creek marks the company’s fifth construction close in Texas and third workforce community this calendar year. The community also marks the company’s second partnership with the Denton Housing Authority in 2025. JPI recently broke ground on Jefferson Bonnie Brae,...
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Discounted S. Florida Apartments Sell for $72.4M
In 2021, the Motion at Dadeland Apartments in Miami-Dade County sold for $114 million. Recently, the multifamily development traded for $72.44 million. Lerner Enterprises was the seller. The South Florida Business Journal reports the buyer of the 294 apartments and 8,000 square feet of retail at 8400 S. Dixie Highway was JRK Property Holdings. Berkadia...
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Swinerton Tops Out $111M Charlotte Mass Timber Venture
Swinerton Builders reached the top of Cordo, an $111 million mass timber multifamily development in Charlotte’s Optimist Park. The hybrid-structure broke ground last fall and is expected to be ready for occupancy by summer 2027. Space Craft is the developer. They obtained $94 million in financing for the project. Charlotte architecture firm Shook Kelley designed the community...
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Feds Invest $137M in Options for Homes’ Toronto Co-op Housing Project
The federal government has invested approximately $137 million in non-profit developer Options for Homes’ co-operative rental-housing project in Toronto’s Scarborough area. The Cedars South Tower is the first major non-profit co-op rental housing development to break ground in Toronto in more than 20 years. The investment comes through the Co-operative Housing Development Program, a $1.5-billion...
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Alternative CRE Investors Share Insights at Connect Conference
Demand for alternative real estate assets will be strong for the next two years. That was one of the messages Thursday as industry leaders gathered in Vancouver for the first-time Connect Alternative Real Estate investment conference. More investments are expected in unconventional sectors like student housing, seniors housing, self-store and, particularly, data centres. Jonathan Turnbull,...
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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