News
Starwood Capital Provides $64M Refi for Williamsburg Apartments
Slate Property Group has closed on a $64-million refinancing for The Welz, a 162-unit multifamily property located at 159 Boerum St. in East Williamsburg, Brooklyn. Starwood Capital Group provided the loan. Newmark’s Jordan Roeschlaub, Daniel Fromm, Ryan Sullivan and Capri Van Gilder arranged the refi. The Newmark team previously arranged $55 million in construction financing in January...
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Procopio Apartments in Haverhill Achieve Rapid Lease-Up
The Beck, a mixed-use, 290-unit multifamily community located in Haverhill, MA and developed by The Procopio Company, has reached 50% occupancy four months after opening. Located adjacent to the Bradford MBTA commuter rail station and overlooking the Merrimack River, The Beck continues to attract strong leasing interest. “The Beck has become a true asset to the...
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Marcus & Millichap Seals Deal for Redwood City Apartments
Marcus & Millichap closed the sale and financing of Harrison Street Apartments, a 22-unit multifamily property located at 150 Harrison Ave. in Redwood City. The sale price was $11,700,000. Marcus & Millichap Capital Corporation, a subsidiary of Marcus & Millichap, arranged $6 million in acquisition financing. Investment specialists Adam Richardson, Adam Levin and Robert Johnston, all based in the...
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Seattle Apartment Building Trades Hands in 1031 Exchange
An entity affiliated with HB Management of Seattle has sold the four-story Mio Apartments at 1319 NE 65th St. for $6.2 million, reported the Puget Sound Business Journal. Selkirk Ridge LLC acquired the property, a boutique apartment home community. An Issaquah acquisition this spring by Costco Wholesale Corp. led to the sale of the eight-year-old...
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One of Hudson Yards District’s Last Resi Development Sites Listed for Sale
JLL Capital Markets has been retained by Sherwood Equities to arrange the sale of 460 Tenth Ave., one of the last remaining large-scale residential development sites in Manhattan’s Hudson Yards neighborhood. A JLL team led by Jonathan Hageman, Ethan Stanton and Andrew Scandalios is representing Sherwood Equities, which acquired the site in the early 1990s,...
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$21M Financing Completed for Chicago MF Building Conversion
Associated Bank has completed a $21.14 million construction loan for Wildwood Investments, LLC, and Concord Capital to convert an existing 93,707 square foot retail and office building at 230 East Ohio Street, Chicago, into 72 multifamily units. The seven-story property will offer a mix of studio, one- and two-bedroom units with an average size of...
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Eastham Offloads 288-Unit Tallahassee Value-Add Apartment Community
Eastham Capital sold The Monroe Apartments, a 288-unit apartment community located in Tallahassee, for $47.5 million. The property was acquired for Eastham Capital Fund’s portfolio in partnership with Merion Realty Partners in July 2019. The Monroe is located at 2677 Old Bainbridge Rd.. The Monroe Apartments include a mix of one-, two-, and three-bedroom units...
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Shindico Acquires Water Tower Land for Retail Development
Shindico has acquired 14.34 acres of land within Winnipeg’s Water Tower District for a new retail development project. Owned by Shindico, the Water Tower district the Manitoba capital’s newest infill mixed-use development. The site, located at the southeast corner of Marion Street and Archibald Street on the former Canada Packers/Public Markets lands, represents one of...
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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