News
Investor Group Buys Miami Parcels, Mixed-Use Venture on Way
Eastern Union and Benmark Capital have closed on two Miami Beach parcels, with ambitions to construction a 90,000-square-foot, mixed-use development featuring retail, residential and Class-A office space. The new development will include a total of two adjacent five-story structures standing on the two parcels. The team paid $15 million for the parcels, one of which...
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Newmark Arranges Sale, Financing of Savannah Vintage Rental Asset
Newmark arranged the $25.1 million sale and $18.5 million financing of Live Oak Plantation, a 208-unit multifamily property at 8505 Waters Avenue in Savannah, Georgia. Newmark’s Brooks Colquitt and Christopher Lyon represented the undisclosed seller. Carter King secured the financing from Fannie Mae on behalf of the buyer, The Hallmark Companies. Constructed in 1971, Live...
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CF Breaks Ground on Calgary Apartment Project
Cadillac Fairview has has broken ground on its first multi-family rental-housing project in Calgary. A groundbreaking ceremony was held Thursday at the site near CF Chinook Centre in the city’s southwest quadrant. The project is located on 61st Avenue S.W. between the mall and the Chinook Centre C-Train station. “This groundbreaking residential development in Calgary...
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Sienna to Purchase Hygate Seniors Residence in Waterloo
Sienna Senior Living has agreed to acquire the the Hygate on Lexington seniors residence in Waterloo, Ont., for $93.3 million. The purchase price for the 216-unit property equates to $432,000 per suite, with a stabilized 6% investment yield, said Sienna. The property is currently in lease-up and has a 65% occupancy rate. It is expected...
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The Hidden Costs of Tenant Departures
“I don’t mind losing tenants,” said no CRE landlord or property owner ever. When a tenant fails to renew a lease or leaves, it can mean problems—or possibly, opportunities—for the asset in question. As a recently released JLL report stated: “The true costs of tenant turnover are frequently underestimated.” A True View of Turnover Costs...
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Dwight REIT Closes $70M Construction Loan for Harlem Luxury Apartments
Dwight Mortgage Trust (DMT), the affiliate REIT of Dwight Capital, closed a $70-million construction loan for 33–35 W 125th St., a proposed 180-unit luxury apartment development in Harlem. The project will also feature three commercial spaces on the lower floors totaling 17,440 square feet. The transaction was originated by DMT managing director Keith Hoffman, on behalf of Irgang...
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JV Acquires Methuen Property from Sunshine Retirement Living
Sunshine Retirement Living (SRL) has sold The Woods at Merrimack, a senior living community in Methuen, MA, to a joint venture between Capitol Seniors Housing (CSH) and a global alternative asset manager with over $55 billion in assets under management. Terms were not disclosed. Following the sale, SRL will continue to manage the community. The acquisition...
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Northmarq’s Collin Lester: Trust and Liquidity Still Driving NYC Closings
At the recent Connect New York Apartments Investment & Finance 2025 conference, Northmarq VP Collin Lester moderated a discussion on the current state of commercial real estate finance and how transactions are getting done. Here, he follows up with an in-depth look at what he and Northmarq’s clients have seen in the past few months....
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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