News
Pinnacle Trades Fort Lauderdale Rental Community for $46.5M
Miami-based developer Pinnacle has sold Elyps, a 140-unit luxury apartment community in Fort Lauderdale, for $46.5 million. The buyer was an affiliate of local investor Rental Asset Management. CBRE represented Pinnacle in the transaction. Completed in July 2023, residents enjoy covered garage parking with electric vehicle charging stations, a sunset lounge with a wet bar and...
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Dezer Secures $630M for Miami-Area Bentley Residences
Besides incorporating the design work of Bentley Motors, Dezer Development’s new Sunny Isles Beach condos will include an elevator that transports both residents and their vehicles directly to private sky garages. Dezer secured $630 million in construction financing for Bentley Residences, the world’s first Bentley-branded residential tower located in Sunny Isles Beach, Florida and developed in collaboration...
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Safehold Closes on Ground Leases for Six Affordable LA Projects
Ground lease REIT Safehold Inc. has closed on ground leases for the development of six affordable housing communities in Los Angeles. The Low-Income Housing Tax Credit projects will be developed by HVN Development, a newly established firm focused on delivering high-quality, efficiently designed affordable housing in infill locations throughout Southern California. “We are excited to establish a relationship with the team at HVN and...
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Greater Toronto Area Condo Sales, Prices Fall
Greater Toronto Area condominium sales fell 11% year-over-year in October as the market continued its lengthy struggle, says the Greater Toronto Regional Real Estate Board. Condos were the worst-performing housing sector as unit sales totalled 1,558. The average condo price declined 4.7% year-over-year to $660,208. “Buyers who are confident in their employment situation and ability...
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Peak Properties Extends South Side Footprint with Three-Property Portfolio
Peak Properties announced its latest management assignment for a three-property portfolio in Hyde Park. Together, the properties add 57 apartments to Peak’s portfolio. The buildings, all within walking distance of the University of Chicago’s campus, are across the street from Washington Park and close to several CTA options, including bus stops at 51st and 53rd...
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F&F Lands $30M Fannie Mae Loan to Refinance San Diego Apartments
KeyBank Real Estate Capital (KBREC) secured a $30.387-million fixed-rate Fannie Mae 10-year term, five years interest-only loan for F&F Properties to refinance Le Jaime Apartments in San Diego. Loan proceeds will be used to refinance outstanding KeyBank bridge debt. Located near Pacific Beach, La Jolla and some of San Diego’s most vibrant neighborhoods, the 112-unit Le Jaime consists...
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GFI Arranges $40M Acquisition Loan on Sheepshead Bay Rentals
GFI Realty Services closed on a $40-million acquisition loan for 1501 Voorhies Ave., formerly known as Avalon Brooklyn Bay and rebranded by the buyer as Aqualina New York, located in Brooklyn’s Sheepshead Bay neighborhood. The financing was secured through OceanFirst Bank and arranged by Daniel Lerer, managing director, investment sales & finance at GFI. The collateral for the...
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Seattle Continues to See MF Rent Growth, Transaction Volume
The Seattle multifamily market closed Q3 2025 with an occupancy rate of 95.5%, representing a nominal decrease of 30 basis points from Q2 2025, according to a recent report by CBRE. Fourteen out of 20 submarkets experienced positive year-over-year rent growth, led by South Lake Union/Queen Anne and West Bellevue/Mercer Island. The average rental rate...
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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