Kiser Group brokers Jack Petrando and Noah Clark have closed the sale of a 12-unit multifamily property at 241–243 N. Homan Avenue in East Garfield Park for $1.05 million. Situated in the rapidly developing East Garfield Park neighborhood, the property features large units and a rare attached parking lot, a combination that’s uncommon in the...
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Transwestern Real Estate Services (TRS) announced that its Mid-Atlantic Multifamily Group has been retained to sell Queenstown Apartments, a 1,062-unit garden-style community in Mount Rainier, Maryland. Transwestern’s Dean Sigmon, Robin Williams, and Michael D’Amelio are marketing the Prince George’s County property on behalf of the owner, MidCity. “Located in a Qualified Census Tract, the property...
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Cushman & Wakefield has appointed Walid Cheaib as vice-chair. He will be responsible for expanding and strengthening C&W’s institutional Capital Markets practice across Canada. During his career, he has been directly involved in more than $40 billion in commercial real estate and capital-raising transactions. He moved to C&W from BMO Capital Markets, where he led...
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Apprise by Walker & Dunlop has expanded its presence within New York City, appointing Jonathan Chambre, MAI as senior director. Chambre possesses more than 15 years of commercial real estate experience and will spearhead Apprise’s initiatives locally. The update comes as the New York City market continues responding to notable changes in the multifamily sector, driven by regulatory...
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Benchmark Senior Living and National Development have expanded to New Jersey with the acquisition of Arbor Terrace Roseland in Roseland, NJ. Renamed Benchmark at Roseland, the 85-apartment assisted living and memory care community at 345 Eagle Rock Ave. will be operated by Benchmark. The acquisition was completed through a joint venture between National Development and Benchmark...
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A plan to allow taller towers to rise across a wide swath of Boston’s Downtown Crossing and Financial District cleared its final major hurdle with Wednesday’s approval from the zoning board, reported the Boston Business Journal. The Boston Zoning Commission unanimously approved the rezoning, which would allow buildings of up to 700 feet in height in...
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Newmark has arranged a $280-million loan on behalf of owner and developer Vanbarton Group to refinance the Quincy and Hollingsworth, two vertically integrated, highly amenitized Class-A multifamily properties comprising 455 units in Midtown Manhattan. The financing was secured from Invesco by Newmark co-head of Global Debt & Structured Finance Jordan Roeschlaub, vice chairman Christopher Kramer, director Chris Lozinak...
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Northmarq’s San Francisco Debt + Equity team, led by Dan Baker and Jason Szuminski, arranged $54 million in financing for Storehouse Lofts, a 197-unit residential mixed-use property located at 2350 Saratoga St. in Alameda. The transaction refinances the original construction loan for the property, which is more than 95% leased and includes 187,466 square feet of total space. Baker and Szuminski facilitated the deal...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California