News
Conrad Joins RE/MAX Canada as Vice-president of Commercial
Industry leader Damon Conrad has joined RE/MAX Canada as the head of its commercial real estate business, the company announced Monday. RE/MAX said Conrad’s appointment as vice-president of commercial strengthens the company’s CRE operations across the country. Conrad joined the brokerage from Royal LePage Commercial, where he served as vice-president and general manager, and brings...
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JLL Arranges Minneapolis-Area Seniors Housing Deal
JLL has completed the sale of Hayden Grove Bloomington, a 166-unit seniors housing community in Bloomington, Minnesota. Working on behalf of the seller, Verdot Capital, JLL’s Seniors Housing Capital Markets team arranged the sale to an undisclosed buyer. The operator, Great Lakes Management, will stay in place to manage the community. Delivered in 2021, Hayden...
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GFI Realty Services Arranges $96M Refinance Loan for Philadelphia MF
GFI Realty Services announced the closing of a $96 million refinance loan for 4701 Pine Street, a multifamily development located in the heart of University City, Philadelphia. The financing was arranged by Daniel Lerer, Managing Director, Investment Sales and Finance at GFI Realty Services. The property, situated in the Garden Court area of University City,...
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Mass Timber Affordable Housing Project Planned for Portland
A new affordable housing project is planned for Southeast Portland. Upright Development Works, a Portland-based developer, is looking to build a seven-story, 71-unit apartment project at 3314 S.E. Powell Blvd. The company is set to meet with the city of Portland to discuss the proposal before submitting for permits, reported the Portland Business Journal. The...
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Fitzrovia Offering Aeroplan Points on Monthly Rent Payments
Fitzrovia is taking a rare approach to wooing and retaining multi-family tenants. The Toronto-based developer has teamed up with fintech company Chexy to offering Aeroplan air-miles points to new and existing tenants, the Toronto Star reported. Residents who are Aeroplan members can use Chexy’s platform to collect points on all rent payments. The program awards...
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Eastern Union Arranges Wells Fargo Loan for Jamaica Multifamily
Eastern Union arranged $20.5 million for the refinancing of Zoria Tower Apartments, a new, 54-unit, mixed-use property located at 88-11 179th Pl. in Jamaica, Queens. The transaction was led by Alex Jaffa, a senior loan consultant with Eastern Union. The lender was Wells Fargo. The borrower was not identified. The loan carried a 5.98% interest rate over five...
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Ballast Adds Pacific Heights Apartments to Bay Area Portfolio
Ballast, a vertically integrated real estate investment and operating platform, has acquired Grosvenor Court Apartments in San Francisco for $31.9 million. The acquisition adds another marquee asset to Ballast’s established Bay Area portfolio and reflects its continued focus on high-quality multifamily investments in tightly held, supply-constrained submarkets. Located at 2055 Sacramento St., the 86-unit Grosvenor Court...
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Walker & Dunlop Closes $625M of Freddie Mac Loans for IMT Capital
Walker & Dunlop, Inc. arranged $625,299,000 in fixed-rate loans from Freddie Mac on behalf of IMT Capital to refinance eight multifamily properties in six high-growth U.S. markets. The team was led by Cory Wizenberg, Matt Wallach, Stephen West, Walker Layne, AJ Wright and Sebastian Tamayo. The Walker & Dunlop team worked closely with Freddie Mac to...
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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