Avison Young completed the sale of a 225,000 ZFA development site spanning a 70,573-square-foot footprint located at the intersection of Myrtle and Wyckoff avenues, straddling Ridgewood and Bushwick. At $37 million, the transaction represents one of the largest development sales in the Brooklyn/Queens submarket this year. Principal and senior director of U.S. Investment Sales Erik...
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Arrow Real Estate Advisors closed on a $20,580,000 Fannie Mae refinance for Springwood Gardens, a 176-unit multifamily property located at 192 Allen St., New Britain, CT. The loan was arranged by founder and managing partner Morris Betesh, associate Jacob Petrovic and analyst William Farrell. Financing was provided through Fannie Mae, with PGIM Real Estate serving...
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Marcus & Millichap completed the sale of Radford Village Apartments, a 44-unit multifamily property in Oshkosh, Wisconsin. “Radford Village Apartments presented a compelling combination of location, scale and recent renovations,” said Matthew Whiteside, senior managing director investments. “Its proximity to the University of Wisconsin-Oshkosh and downtown amenities, along with its diverse unit mix and updated...
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Signature Development Group said Tuesday that Caspian, launched as one of seven for-lease multifamily buildings completed thus far at the Brooklyn Basin redevelopment in Oakland, is pivoting into for-sale condominiums. This marks the first opportunity for homeownership at Brooklyn Basin. Led by Polaris Pacific, sales are now underway. “Caspian being available for homeownership represents a defining milestone...
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Origin Investments, a Chicago-based multifamily real estate fund manager, announced the Origin Select Asset Fund, a $100 million short-duration fund that will invest in five high-margin, ground-up multifamily developments in targeted Sun Belt and Mountain states. “We believe 2026 will turn out to be a great vintage for real estate. The fundamentals are slowly improving...
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Greystone provided a $114.5-million bridge loan to Iris Holdings Group for the acquisition and rehabilitation of The State Preservation Portfolio, a 753-unit multifamily portfolio in Queens. The State Preservation Portfolio comprises nine elevator buildings, each named after a state. Iris Holdings partnered with the New York City Department of Housing Preservation and Development to preserve and rehabilitate...
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Kiser Group recently closed two significant multifamily transactions in Chicago, totaling $31.5 million collectively. Both transactions involved TLC Management. The first transaction, brokered by Lee Kiser, Aaron Sklar, and Noah Birk, involved a portfolio of three multifamily properties in Hyde Park, including the Campus Court Apartments, the Victorian, and Woodlawn House, totaling 207 units. At...
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MG Properties has purchased the Dockside Apartments, a 344-unit property in Kent, for $95.6 million. The San Diego-based company acquired the Seattle area multifamily in the Lakes at Kent master-planned community along the Green River, reported the Puget Sound Business Journal. The seller, Rise Properties Trust, bought the nearly 17-acre property six years ago for...
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