News
$50M Refinancing Secured for 237-Unit Luxury Apartments in Minnesota
JLL has secured a $50 million refinancing for The Fox and The Grouse, a 237-unit multi-housing property located in the Golden Triangle neighborhood of Eden Prairie, Minnesota. JLL represented the partnership of Greco and Eagle Ridge Partners, as well as joint venture equity partner Amstar Group, in arranging the five-year loan through PNC Bank. JLL...
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CIM, Bryant Group Partner on Impact Venture for Affordable Housing
CIM Group and Bryant Group Ventures (BGV), founded by influential leader and entrepreneur John Hope Bryant, have launched CIM-BGV Impact Ventures, an impact-driven partnership to address the need for affordable housing throughout the U.S. The partnership’s CIM-BGV Affordable Housing Impact Fund (AHIF) completed its first closing on Oct. 17, securing $250 million-plus in total investment...
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Kinwood Townhomes in Lacey Sell to Glencrest Group
Colliers brokered the sale of Kinwood Townhomes, a 46-unit multifamily community located at 6802–6853 5th Ct. SE in Lacey, Washington. Glencrest Group, a San Francisco–based real estate investment firm, acquired the property from Jackson Homes. At $281,521 per unit, the transaction sets a strong benchmark for Thurston County multifamily pricing. Colliers’ Chris Hardman, Senior Vice...
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Procopio Companies Breaks Ground on Nantasket Beach Mixed-Use
The Procopio Companies has broken ground on Paragon, a mixed-use development on Nantasket Beach in Hull, MA, along the South Shore. Financing for Paragon, which includes 132 rental units, 9,300 square feet of retail and a large food and beverage offering, was secured through a strategic partnership with Redcove Capital and Boston Andes Capital. “Paragon...
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Union Market Will Open Flagship Store at New Gowanus Rentals
Gowanus rental community 499 President has signed three more retail partners: Union Market, Corto and Spear Physical Therapy. They join Paulie Gee’s and Royal Palms Shuffleboard, rounding out 40,000 square feet of commercial space designed to anchor the 350-unit development and complement the surrounding Gowanus community. Union Market will debut a 10,000-square-foot flagship grocery store...
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Wilks Breaks Ground on First Firefly Park Construction Project
Wilks Development has officially broken ground on The Noc, the first residential community at Firefly Park and the first vertical construction within the 217-acre mixed-use development in Frisco. Completion is expected in Fall 2027. Designed by Hord | Coplan | Macht, The Noc will introduce 187 market-rate residences, including studios, one-, two-, and three-bedroom layouts. Residents will enjoy amenities...
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Sugar Land’s Lake Pointe Green Plan Okayed by Town
The City of Sugar Land Planning and Zoning Commission voted to recommend that the City Council approve the Lake Pointe Green redevelopment concept plan, a largely residential plan that includes up to 720 multifamily units and an area for civic and recreational space, an option for limited temporary commercial use. The project is going forward...
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Developer Duo May Convert Homestead-Area Offices to Apartments
United Trust Fund and Centerhome have filed plans that, if approved, would allow them to convert a 71,000-square-foot office complex into what could become 640 apartment units. The office building on the six-acre property, located at 28801 S.W. 157th Ave., was purchased from SouthState Bank for $6.8 million in 2020. The bank still has a branch...
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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