News
CBRE Facilitates $80M Sale of Silverdale Multifamily Community
CBRE announced the $79.5 million sale of Cascade Ridge, a 270-unit garden-style multifamily community located at 1206 NW Tahoe Lane in Silverdale, Washington. CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper represented the seller, Jackson Square Properties. “Cascade Ridge represents a rare opportunity to acquire a high-quality multifamily asset in a supply-constrained market...
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Calgary Retail Market Continues to Demonstrate Strength
Calgary’s retail market is poised for a strong finish to 2025 as tenant demand remains quite strong, says a Barclay Street Real Estate report. Total occupancy climbed 20 basis points quarter-over-quarter to 96.2% in the third quarter, while record low vacancy (3.7%) was virtually unchanged. Meanwhile, overall availability declined 90 bps year-over-year 3.8%, while falling...
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Tempe Auction Winner Picks Up 196-Unit Property at Discount
Next Wave Investors acquired The Avi, a 196-unit multifamily community in Tempe, at auction for $40 million. The seller, Tides Equities, originally bought the property for $66.5 million in 2022. Multi-Housing News reports Next Wave Investors secured a $55 million loan from ACRES Capital. This lender previously issued a $55.8 million acquisition loan to Tides...
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JV Aims to Spend $335M on Miami-Dade Public Housing Redo
Pinnacle Communities and Smith & Henzy Affordable Group are seeking a redevelopment deal with Miami-Dade County for three public housing locations and a vacant lot in the Little River area. The South Florida Business Journal reports that the plans for the joint venture include tearing down the current 332 affordable apartments and rebuilding over 800,...
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Palm Beach Gardens Developer Inks $77.5M Construction Loan
Abacus Capital secured a $77.5 million construction loan for what will be Arbor House, a 302-unit upscale project in Palm Beach Gardens. JLL Capital Markets arranged the four-year, floating-rate loan on behalf of the borrower through a publicly traded real estate investment company. JLL Capital Markets Mona Carlton, Joshua Odessky and Michael Romero led the Debt...
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Ares Lands $69.4M Loan to Convert Old Charlotte School into Rental Community
A fund managed by Ares Management secured a $69.4 million construction loan so it can start work transforming a former elementary school into a 314-unit apartment complex. Ares will be turning the Midwood Elementary School at 1817 Central Ave. into a seven-story apartment building. The onetime school building, built in the 1930’s, will be demolished....
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Blackstone Affiliate Trades Charlotte Apartments for $58.8M
Blackstone affiliate LivCor sold Tryon Farms Apartments for $58.8 million. The property at 15120 Wylie Way was acquired by GSL Properties. GSL paid around $245,000 per unit for the property. Tryon Farms Apartments includes 240 units in southwest Charlotte. The Charlotte Business Journal reports Blackstone acquired Tryon Farms for $54.5 million in 2021 from Madison Capital...
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Alternative CRE Investors Convening at Connect Vancouver Conference
Industry leaders are getting ready to gather in Vancouver for the Connect Alternative Real Estate investment conference. The first-time event will be held Thursday on Level 25 of Deloitte Summit, located at 410 West Georgia Street. Sessions will include a special presentation from Prakash Venkat, a Deloitte property-valuation specialist and a panel discussion on how...
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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