News
Bank of Canada Lowers Key Interest Rate Again, to 2.25%
The Bank of Canada reduced its overnight lending rate by another 25 basis points to 2.25% on Wednesday, marking the second-straight reduction after a series of holds. The U.S. Federal Reserve also cuts its prime rate by 25 bps on Wednesday amid a slowing labour market and ongoing pressure on consumer prices. The BoC’s widely...
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Sares Regis Spins Off Chandler Rental Asset for $46M
Sares Regis Group has sold Monument, a Chandler apartment community, for $46 million. Multi-Family News reports the investor paid $56.2 million for the property in 2021. The 163-unit community was purchased by a private buyer using a $24.6 million acquisition loan issued by NorthMarq Capital. Monument came online in 2014 at 2300 W Pecos Road,...
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Walmart Becomes First Tenant in Taza Park West
Walmart has become the first major anchor tenant in the Calgary area’s massive Taza Park West development. The lease marks a significant step forward for the 1,200-acre project led by Taza Development, a joint-venture between the Tsuut’ina Nation and real estate investment and development firm Canderel. The development site is part of the broader Taza...
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Walmart Becomes First Tenant in Taza Park West
Walmart Canada has been confirmed as the first major anchor tenant in the Calgary area’s major Taza Park West development. The lease marks a significant step forward for the 1,200-acre project led by Taza Development, a joint-venture between the Tsuut’ina Nation and Canderel. The development site is located on Tsuut’ina Nation just outside Calgary’s southwestern...
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2,000 Multifamily Units Included in Ellis County Master-Planned Community
Huffines Communities broke ground on Lakesong, a 2,700-acre master-planned community encompassing the towns of Grand Prairie and Midlothian in Ellis County. The site is at the intersection of Kimble Road and U.S. 287. When fully developed, Lakesong will comprise approximately 5,000 single-family lots, 2,000 multifamily units, and 40 acres of commercial space. The community will feature 780 acres of open space, a...
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Keystone Transforming Dadeland Offices to Apartments
Keystone obtained a $62 million construction loan to convert a pair of office buildings in Dadeland into apartments. Arbor Realty SR provided the mortgage to Keystone for the project at 9400 and 9500 South Dadeland Blvd. FH Construction serves as the general contractor, while Modis Architects designed the project. Keystone started work on one of...
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Atlanta Development Authority Okays $223.7M Bond for Downtown Venture
Develop Fulton’s board of directors approved a $223.7 million bond inducement for a 10-acre site in Downtown Atlanta. The Atlanta Business Chronicle reports that the developer, Webstar Technology Group, has to display more progress before the bond will be issued. Webstar will get $9.7 million in tax savings over 10 years should it move forward....
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Flournoy Partners Scores $55M Refi on Davenport Apartments
Flournoy Partners obtained a $55 million refinancing of Apex Posner Park Apartments, a 314-unit luxury apartment community located in Davenport, Fla. Jeremy Pino, Livingston Hessam, Carl Passmore and Kyle Miller of Walker & Dunlop Capital Markets secured the financing packaging for Flournoy, which was sourced from an unnamed institutional investor. Multi-Housing News reports Apex previously had a construction loan from...
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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