News
SJP Partnership Tops Out Construction on Jersey City Apartments
SJP Properties, in partnership with Claremont Development and Battery Global Advisors, announced that The Lucy, a new luxury residential tower, has topped out. Located at 619 Grove St. in Jersey City, the residential community includes 444 apartments and a full suite of amenities. The design preserves and restores historically significant portions of the site’s original...
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Woodbourne And Capital Developments Start 500-Unit Toronto Rental Tower
A downtown Toronto tower once planned for condominiums is moving ahead as a 508-unit rental development, with Woodbourne and Capital Developments breaking ground on the 50-storey project at 88 Isabella St. The start of construction marks a significant shift for the Church-Wellesley property. An earlier proposal called for a 62-storey condominium tower, but revised plans...
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Ontario Targets 80% Cut In Archaeological Approval Times
Ontario is proposing a major overhaul of archaeological approvals that could shave months or even years off development timelines, removing a potential obstacle for housing, industrial and infrastructure projects. The province announced proposed legislative changes Tuesday aimed at reducing archaeological approval timelines by an average of 80% while increasing assessment capacity by 45%. Under the...
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Wingate Living Adds Its Third Rhode Island Property
Wingate Living has acquired Wingate Residences in Cranston, RI, formerly known as Victoria Court. The memory care facility marks Wingate’s third property in Rhode Island and its only standalone memory care community. “Expanding our presence in Rhode Island is an exciting and important step for Wingate,” said Alexandra Schuster, president of Wingate. “Wingate Residences at...
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Walker Webcast: Aaron Appel, Kris Mikkelsen and Ivy Zelman Discuss CRE Repricing and Data Center Concerns
In the current environment, many commercial real estate investors are reconsidering valuations, financing and transaction strategies. Improving multifamily fundamentals are stoking cautious optimism, while capital commitments flowing into artificial intelligence and data center development are raising concerns about what happens if expectations fall short. These were some of the topics discussed during the Oct. 21...
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Oberndorf, Bascom Snag Value-Add Opportunity in San Jose
An affiliate of Oberndorf Real Estate Management (OBREM) in partnership with The Bascom Group has acquired Museum Park Apartments, a 117-unit Class B+ multifamily property located at 465 W. San Carlos in San Jose for $53.1 million. The property has never been renovated and represents an opportunity for the partnership’s value-add renovation program. Peter Oberndorf,...
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Lurie Advances Plan for Freedom West 2.0; Would Bring 2,400 Apartments to Western Addition
San Francisco Mayor Daniel Lurie on Wednesday introduced legislation to advance Freedom West 2.0, a long-planned project in the Western Addition neighborhood that could bring nearly 2,400 new homes to the neighborhood, with more than 17% expected to be affordable. The first phase will deliver 115 units of affordable senior housing and a rebuilt Freedom...
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Habitat, Cabrera Capital Break Ground on Mixed-Use Redevelopment in Chicago
Habitat, together with Cabrera Capital, recently celebrated the groundbreaking of the first residential phase of the long-planned redevelopment of the LeClaire Courts public housing community, which was completed in the 1950s and demolished in 2011. Replacing a 32-acre site in Chicago’s Garfield Ridge community, the multiphase redevelopment will ultimately deliver up to 700 residential units...
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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