News
Morgan Snags Howard Hughes Communities BTR Leasing Assignment
Morgan has been selected by Howard Hughes Communities to manage more than 3,250 residences across 11 build-to-rent communities in The Woodlands and Bridgeland. The new assignment encompasses eight communities in The Woodlands: One Lakes Edge, Two Lakes Edge, 1 Riva Row, Creekside Park The Grove, Creekside Park The Residences, The Lane at Waterway, The Millennium Six Pines,...
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LA City Council Narrows Rent Caps on Stabilized Apartments
Los Angeles strengthened its rent stabilization law for the first time since 1985 Wednesday, setting a maximum 4% ceiling on annual rent increases for a massive portion of the city’s housing stock, reported the Los Angeles Times. The maximum annual increase on rent-stabilized apartments will now range between 1% and 4%, depending on inflation, down...
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Invel Capital Leads Acquisition of Class A Essex County Rentals
Invel Capital completed the acquisition of 555 Northfield Ave., a transit-oriented class-A multifamily community comprising 70 residential units and two commercial units, located in West Orange, NJ. A joint venture led by Invel in partnership with Chicago-based Pearlmark Real Estate acquired the Essex County property for $40.8 million The deal was brokered by JLL Capital...
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Madison International, Big 4 Partner on Hollywood Multifamily Acquisition
Madison International Realty and Big 4 Properties have acquired El Centro Apartments and Bungalows, a Class A mixed-use multifamily and retail community located at 6200 Hollywood Blvd. in Hollywood. Terms were not disclosed. The acquisition marks the first joint deal between Madison and Big 4 after several years of collaboration. “El Centro represents a rare opportunity to...
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More than 700 B.C. Buildings Get Retrofit Accelerator Program Support
The BC Retrofit Accelerator program has generated a massive response from building operators during its brief existence, SustainableBiz Canada reported. More than 700 buildings are getting support from the non-profit program’s complimentary service launched about a year ago, according to the report. The program is operated by the non-profit Zero Emissions Innovation Centre, which started...
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Townhouses in Yakima Sell in Deal Brokered by Kidder Mathews
Cornell Townhouses, a 20-unit multifamily community located at 1012 Cornell in Yakima, Washington, has sold for $2.07 million. Vice President Max Frame of the Simon | Anderson Multifamily Team at Kidder Mathews represented the seller and sourced the buyer prior to the property coming to market. Built in 1975, Cornell Townhouses has been under the...
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Adjacent Williamsburg Apartment Properties Land $220M Refi
Arrow Real Estate Advisors arranged a $220,000,000 permanent refinance on behalf of The Loketch Group, Joyland Group and Meral Property Group for two newly developed, adjacent multifamily properties, Lorimer House and Copper Lofts, located at the corner of Lorimer Street and Broadway in Williamsburg, Brooklyn. The permanent financing was arranged by Arrow Real Estate Advisors...
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Local Developer Planning Major Mixed-Use Project in Bible Hill
Five Corners Properties is preparing to submit a development application for the first phase of a major mixed-use residential project in Bible Hill, N.S., according to a CBC report. Jim Lorraine, president of Five Corners Properties, told CBC the local company will soon seek a development agreement with the Municipality of Colchester. Bible Hill, a...
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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