News
Crescent Adds Second Covington Rental Community
Crescent Communities has opened its second community, Render Turner Lake, in Covington. Multi-Housing News reports Crescent started construction on the five-building project last year using funds from a $44 million loan originated by Santander Bank in November 2023. That note is set to mature in October 2027. Crescent debuted its first project in the community,...
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Northmarq Closes Multifamily Sale, Financing in West Hollywood
Northmarq completed the $23-million sale and arranged $12.53 million in acquisition financing for Terraces at La Cienega, a 48-unit multifamily community located in West Hollywood. The transaction was a joint effort among Northmarq’s Westlake Village, Los Angeles and Newport Beach offices. Vince Norris, Jim Fisher, Mike Smith, Steven Goldstein and Tommy Yates represented both the seller, Hankey Capital, and buyer, Regent Properties, in partnership with Amoroso Companies...
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Berkadia Secures Construction Take-Out for Mixed-Income Bronx Apartments
Berkadia secured a $31.878-million construction take-out loan for a new mixed-use apartment property with market-rate and affordable units located at 4180 Carpenter Ave. in the Bronx. Senior director Matt Nihan arranged the financing on behalf of the sponsor, Stagg Group, reportedly the largest owner and operator of quality, affordable housing in the Bronx. Berkadia provided a...
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Pennrose Breaks Ground on Phase I of Naugatuck Redevelopment
Pennrose, The Cloud Company and the Borough of Naugatuck, CT held the groundbreaking of the Parcel B redevelopment, which will transform a vacant, seven-acre lot on Old Firehouse Road into a mixed-income, mixed-use, and transit-oriented community. The first phase, expected to be completed in fall 2026, will include 60 mixed-income apartments with ground-floor retail. Once...
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Hines Launches Construction on 200-Acre MXU in Mission Valley
Hines, in partnership with Affinius Capital, Bank OZK, Related Fund Management and Heitman, has begun construction on phase one of Riverwalk San Diego, a transit-oriented, 200-acre mixed-use village located in the Mission Valley submarket. Phase one will deliver 721 market-rate apartments, representing 17% of the total project, which will also include retail, office space and parks....
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RYBAK Will Lead Next Phase of Coney Island West Development
RYBAK Development has been selected to lead the next phase of development on Coney Island West, New York City Economic Development Corporation (NYCEDC) said Tuesday. With a cost projected at $350 million, the development of the city-owned Parcel A will result in 500-plus units of mixed-income housing, 25% of which will be affordable, and 30,000-plus square...
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Vesta’s Major Project in Calgary’s Beltline District Taking Shape
Vesta Properties’ major multi-family mixed-use project in Calgary’s Beltline district is starting to take shape. The company has begun preselling condominium units in a 47-storey tower on the high-visibility corner of Fourth Street S.W. and 17th Avenue S.W. The high-rise is part of the first phase of Vesta’s three-tower Broadway on 17th project. (At one...
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Wealhouse Offloads 164-Unit Glendale Value-Add Rental Property
JLL Capital Markets arranged the sale of Summers Point, a 164-unit value-add multifamily community located in Glendale. Wealhouse Capital was the seller of the property, which sold for $20 million, $2 million below the asking price. The community was built in 1980 and features 16 buildings spanning 4.3 acres, with a diverse unit mix that includes studios,...
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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